SK International Export IPO Dates, Size, Allotment, Bid Details, GMP & DRHP
Last Updated Date: Nov 23, 2022Let’s have a detailed review of the company and analytics of the SK International Export IPO release date, IPO offer price, subscription, SK International Export IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
SK International Export IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.6/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.5/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 7.5/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.8/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.7/10 |
| Star Ratings | ★★★★☆ |
Summary of SK International Export IPO
They were established in the year 1991 as a partnership firm in international exports of scarves and beachwear. The Company is a manufacturer and exporter in Scarves and Beachwear based in Mumbai, India.
This company has created a distinct identity of its own in the International business domain and mainly caters to European market i.e. Spain, Germany, France, Netherlands, UK and started selling in US market since 2018 onwards and also entered into the domestic market.
The Company is engaged in manufacturing and marketing of women and men’s apparels like scarves, shawls, sarongs, headband & bandanas and Beachwear garments in all qualities like silk, viscose, cotton, polyester & wool and several blends.
From year 2018, the Company entered into manufacturing for several Retail brands in the domestic market by creating new designs as per local market for its main core product scarves.
They also entered in the ethnic wear category by developing trendy duppatas at affordable prices catering women who look for fashionable styles at affordable prices.
From FY 2016-17 to FY 2018-19, as per the Restated Financial Statements
Over the course of 3 years their total Revenue was Rs. 888.28 Lakhs in 2016, Rs. 805.87 Lakhs in 2017, Rs. 844.24 Lakhs in 2018. PAT is Rs. 14.61 Lakhs in 2016, Rs.48.31 Lakhs in 2017, Rs. 237.32 Lakhs in 2018.
For the period ended September 12, 2018 and fiscal years ended 2017-18, 2016-17, 2015-16, our trade receivables were, Rs. 158.12 Lakhs, Rs. 11.42 Lakhs, Rs. 57.29 Lakhs and Rs. 62.75 Lakhs, respectively, which is equivalent to 37.44%, 1.35%, 7.11% and 7.06% respectively of our total revenues for the same periods respectively as per restated standalone financial statements.
The Promoters of this company are Mr. Shrawankumar Sadh and Mr. Hitesh Shrawankumar Sadh. The lead manager to the issue is Finshore Management Services Limited and the Registrar to this issue is Karvy Fintech Private Limited.
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SK International Export IPO Date
The opening and the closing date of SK International Export IPO is 28 June – 5 July 2019.
SK International Export IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – Jun 28 | 0.03x | 0.04x | 0.03x |
| 2nd Day – Jul 1 | 0.13x | 0.07x | 0.10x |
| 3rd Day – Jul 2 | 0.15x | 0.07x | 0.11x |
| 4th Day – Jul 3 | |||
| 5th Day – Jul 4 | |||
| Shares Offered or Net Issue | 939,000 | 939,000 | 1,878,000 |
The shares subscribed by the public will be updated here.
SK International Export IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
SK International Export IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is Rs 20.
SK International Export IPO Equity Share Offering
Issue of 19,80,000 Equity Shares of face value of Rs.10/- each for cash at a price of Rs. 20 per Equity Share (including a share premium of Rs. 10 per Equity share) aggregating Rs. 396 lakhs.
SK International Export Limited – Company Overview
The Company was originally formed as a partnership firm in the name and style of M/s S.K. International (Export) Company, having the principal place of business at 41, 2nd Sutar Gally, Bombay – 400 004 on the terms and conditions contained in the Partnership Deed executed on November 1 st, 1991.
The partnership firm was duly registered on February 15, 1992 under the provisions of Indian Partnership Act, 1932 with Registrar of Firms at Bombay (Maharashtra) vide Registration No. BA :-52446.
M/s. S.K. International Export Company was thereafter converted from a partnership firm to a public limited company under the Part I of Chapter XXI of the Companies Act, 2013 under the name of SK International Export and received a certificate of incorporation from the Registrar of Companies, Mumbai on September 13, 2018 bearing registration no. 314141.
The corporate identity number of the Company is U18109MH2018PLC314141. All the partners of M/s. S.K. International Export Company were initial subscribers to Memorandum of Association of our Company.
Business strategies of SK International Export
- Expanding Our Clientele Network by Geographic expansion
- Reduction of operational costs and achieving efficiency
- Focus on cordial relationship
- Creativity and trending designer idea
- Entering new business lines
- Introduction of more brand
- To follow inorganic growth opportunities
SK International Export – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of SK International Export IPO
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | ||||
| 12-Sept-18 |
31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 646.13 | 614.99 | 442.58 | 444.50 |
| Total Revenue | 459.14 | 1,122.49 | 940.00 | 936.83 |
| Total Expense | 428.06 | 889.69 | 891.62 | 922.69 |
| Profit After Tax | 31.62 | 237.32 | 48.31 | 14.61 |
Earnings per Equity Share (in lakhs)
| 12-Sept-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 0.59 | 4.43 | 0.90 | 0.27 |
From the above statements, one could find that the SK International Export Limited may perform well.
SK International Export IPO – Promoters
The Promoter of this company is:
- Mr. Shrawankumar Sadh
- Mr. Hitesh Shrawankumar Sadh
List of Related Parties (Key Managerial Personnel)
- Mr. Hitesh Shrawankumar Sadh- Managing Director
- Mrs. Purti Hitesh Sadh- Director
- Mr. Bhavin Prabhashankar Mehta- Additional Director
- Mr. Akshar Jagdish Patel- Additional Director
- Mr. Jay Narayan Naik- Additional Director
Interest in promotion of the Company
The Promoter is interested in the Company to the extent they have promoted the Company.
Property Interest
Except for leave and licence agreement for the corporate office and factory premises as mentioned, they have not entered into any contract, agreements or arrangements during the preceding three years from the date of this Prospectus in which the Promoters were directly or indirectly interested and no payments have been made to them in respect of the contracts, agreements or arrangements which are proposed to be made with them including the properties acquired by the Company.
Interest in Intellectual Rights of the Company
They are unable to assure that the future viability or value of any of their intellectual property or that the steps taken by them to protect the proprietary rights of the Company will be adequate.
SK International Export IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 19,80,000 Equity Shares of Rs10 each for cash at a price of Rs20 per share aggregating Rs396 lakhs. |
| Of which: | |
| Reserved for Market Makers | Upto 1,02,000 Equity Shares of Rs10 each for cash at a price of Rs20 per share aggregating Rs20.40 lakhs |
| Net Issue to the Public | Upto 18,78,000Equity Shares of Rs10 each for cash at a price of Rs20 per share aggregating Rs375.60 lakhs |
| Of which: | |
| Retail Investors Portion | Upto 9,42,000 Equity Shares of Rs 10 each at a price of Rs 20 per Equity Share will be available for allocation for Investors of up to Rs188.40 lakhs |
| Non-Retail Investors Portion | Upto 9,36,000 Equity Shares of Rs10 each at a price of Rs 20 per Equity Share will be available for allocation for Investors of up to Rs187.20 lakhs |
| Equity Shares outstanding prior to the Issue | 53,51,954 Equity Shares |
| Equity Shares outstanding after the Issue | Upto 73,31,954 Equity Shares |
SK International Export IPO Issue Object
These are the IPO Issue Objects of the company
- To meet the working capital requirements of the company General Corporate Purposes
- To meet the Issue Expenses
SK International Export IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of our Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with our customers
- Quality Assurance and Control
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 12-Sept-18 | 0.59 | 5.85% | 10 |
| 31-Mar-18 | 4.59 | 45.92% | 10 |
| 31-Mar-17 | 1.53 | 15.28% | – |
| 31-Mar-16 | 0.72 | 7.19% | – |
- Price to Earnings (P/E) ratio in relation to Issue Price of Rs. [ ]:
| Particulars | P/E ratio |
| Highest | 125.6 |
| Average | 65.45 |
| Lowest | 5.3 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | SK International Export | 10 | 0.59 | 33.90 | 5.85% | 10.10 |
| 2 | Kewal Kiran Clothing Limited | 10 | 59.4 | 19.00 | 18.9% | 352.7 |
| 3 | Jindal Worldwide Limited | 10 | 2.8 | 35.3 | 19.2% | 16.9 |
SK International Export IPO Lead Managers
| Lead Managers |
| Finshore Management Services Limited Anandlok, Block – A, 2nd Floor, Room No.207 227, A.J.C. Bose Road, Kolkata – 700 020, West Bengal, India Tel. No.: +91 33-22895101/9920379029 Fax No.: +91 33-22895101 SEBI Registration No: INM000012185 Email:info@finshoregroup.com Website: www.finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar |
SK International Export IPO Registrar to offer
| Registrar to the Offer |
| Karvy Fintech Private Limited Karvy Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, Hyderabad Tel.: +91 40 6716 2222 Fax: +91 40 2343 1551 Email: einward.ris@karvy.com Investor Grievance Email: skinternational.ipo@karvy.com Website: https://karisma.karvy.com SEBI Registration No.: INR000000221 Contact Person: Mr. RsMurali Krishna |
SK International Export IPO Other Details:
- Statutory Auditor – A Biyani & Co., Chartered Accountants
- Peer Review Auditor – A Biyani & Co., Chartered Accountants
- Bankers to the Company – RBL Bank Limited
SK International Export IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
SK International Export IPO Grey Market Premium
The SK International Export IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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SK International Export IPO News
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