SKP Bearing Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Feb 17, 2023Let’s have a detailed review of the company and analytics of the SKP Bearing Industries IPO release date, IPO offer price, subscription, SKP Bearing Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 70 |
| Listing At | NSE, BSE |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Jul 13, 2022 |
| Offer for Sale | Rs 1960 Lakhs |
| Fresh Issue | Rs 1120 Lakhs |
| IPO Size | Rs 3080 Lakhs |
| Tick Size | 1 |
SKP Bearing Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
SKP Bearing Industries IPO – Summary
Their Company was originally formed as a partnership firm under the name and style of “M/s. S K P Bearing Industries” pursuant to a deed of partnership dated November 21, 1991, as amended from time to time.
M/s. S K P Bearing Industries was thereafter converted into a private limited company “SKP Bearing Industries Private Limited” on January 06, 2022 pursuant to the provisions of Chapter XXI of the Companies Act, 2013 and fresh a certificate of incorporation dated January 06, 2022 was issued by Registrar of Companies, Ahmedabad vide CIN U29305GJ2022PTC128492.
Subsequently, their Company has been converted into a public limited company and the name of their Company changed to “SKP Bearing Industries Limited” pursuant to a special resolution passed at the Extra-Ordinary General Meeting of their Company held on January 31, 2022 and a fresh Certificate of incorporation dated February 15, 2022 issued by the Registrar of Companies, Ahmedabad. The Corporate Identity Number of their Company is U29305GJ2022PLC128492.
SKP Bearing Industries IPO Date
The opening and the closing date of SKP Bearing Industries IPO are Jun 30, 2022 and Jul 5, 2022 Respectively
SKP Bearing Industries IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 1.49x | 0.54x | 1.02x |
| 2nd Day – 1st Jul | 1.53x | 1.22x | 1.38x |
| 3rd Day – 4th Jul | 1.72x | 2.82x | 2.27x |
| 4th Day – 5th Jul | 10.20x | 9.92x | 10.06x |
| Shares Offered or Net Issue | 2,090,000 | 2,090,000 | 4,180,000 |
The shares subscribed by the public will be updated here.
SKP Bearing Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
SKP Bearing Industries Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 8, 2022 |
| Refunds Initiation | Jul 11, 2022 |
| Credit of Shares to Demat Account | Jul 12, 2022 |
| Share Listing Date | Jul 13, 2022 |
SKP Bearing Industries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.70
SKP Bearing Industries IPO Equity Size
This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.70 per equity share aggregating to Rs.3080 Lakhs.
SKP Bearing Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,600,000 Equity Shares of Rs.10/ each.
Issue Size: 4,400,000 Equity Shares of Rs.10 each, aggregating to Rs.3080 Lakhs
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SKP Bearing Industries IPO – Live Performance
The listing date of this IPO is Jul 13, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – SKP Bearing Industries Share Price |
SKP Bearing Industries IPO Grey Market Premium
The SKP Bearing Industries Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
SKP Bearing Industries IPO – Company Overview
They are manufacturer of needle rollers, cylindrical rollers, pins and steel balls (“Rolling Elements”) and are one of the players in the list of finished roller manufacturers in India.
Over the years they have developed expertise and upgraded their technology by adding several automatic and imported machineries and equipment to the plant, which has helped us boost their production capacity and the quality of their products.
They supply these rolling elements across India to reputed bearing manufactures and OEMs in domestic market in diverse industries such as textile, automobile, etc. They have the potential to supply the best products at most competitive prices in the market.
Also, they are exporter of rolling elements which cater the requirements of international customers in Brazil, Argentina, UAE, etc.
Over the years, they have also ventured into power generation business by installing wind mill in year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW and is currently used for their captive consumption.
SKP Bearing Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | ||||
| 05-Jan-22 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 5078.66 | 5281.07 | 5448.7 | 4358.36 |
| Total Revenue | 3444.35 | 3709.29 | 3258.18 | 4081.15 |
| Total Expense | 2,135.14 | 2,660.77 | 2,156.94 | 2,712.45 |
| Profit After Tax | 940.41 | 745.6 | 812.47 | 992.64 |
Earnings per Equity Share (in Lakhs)
| 05-Jan-22 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 6.27 | 4.97 | 5.42 | 6.62 |
Further, their PAT for the period ended on Jan 05, 2022, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.940.41 Lakhs, Rs.745.6 Lakhs, Rs.812.47 Lakhs and Rs.992.64 Lakhs respectively.
SKP Bearing Industries IPO – Promoters
The Promoter of this company is:
- MR. SHRINAND KAMLAKAR PALSHIKAR
- MS. SANGITA SHRINAND PALSHIKAR
List of Related Parties (Key Managerial Personnel)
- Mr. Shrinand Kamlakar Palshikar, Chairman & Managing Director
- Ms. Sangita Shrinand Palshikar, Mr. Vasant Damodar Bhonde
- Mr. Rajeev Vinayak Lokare, Non-Executive Independent Director
- Mr. Kishorbhai Chhanalal Parikh, Non-Executive Independent Director
SKP Bearing Industries IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 73.49%
SKP Bearing Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 44,00,000 Equity Shares aggregating up to Rs.3,080.00 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 16,00,000 Equity Shares aggregating up to Rs.1,120.00 Lakhs |
| Net Issue to the Public | Up to 28,00,000 Equity Shares aggregating up to Rs.1,960.00 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 20,90,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 20,90,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,50,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,66,00,000 Equity Shares |
SKP Bearing Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding working capital requirements; and
- General corporate purposes.
SKP Bearing Industries IPO – Business Strategy
- To enhance market share by expanding their business with more OEMs and expanding their export business
- Expansion of their operations on the property situated at Survey No. 2127, Mulchand Road, Wadhwan – 363 030, Surendranagar, Gujarat, India
- Continue to improve operating efficiencies through technology enhancements
- To continue expanding their business by including new customized products and services
- Optimal Utilization of Resources
SKP Bearing Industries IPO – Basis of 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:
- One of the players of needle rollers and cylindrical rollers manufacturers in India
- Wide and stable customer base
- Well experienced organization
- Wide Product Range
- Quality Products Assurance
- Prime Factory Location
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 4.97 | 16.28 | 30.53 |
| 31-Mar-20 | 5.42 | 20.76 | 26.09 |
| Mar-19 | 6.62 | 32.16 | 20.58 |
SKP Bearing Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| SKP Bearing Industries Limited | 10 | 14.08 | 4.97 | 16.28 | 30.53 |
| Listed Peers | |||||
| NRB Bearings Limited | 2 | 27.27 | 4.51 | 8.58 | 52.20 |
| Menon Bearings Limited | 1 | 21.57 | 3.35 | 19.04 | 17.62 |
| Galaxy Bearings Limited | 10 | 24.16 | 24.70 | 17.32 | 2.64 |
| SNL Bearings Limited | 10 | 16.37 | 17.13 | 0.15 | 113.55 |
SKP Bearing Industries IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra, India Telephone: 022 – 2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Ms. Kritika Rupda SEBI Registration Number: INM000012759 |
SKP Bearing IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opposite Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400 059 Maharashtra, India Telephone: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investor Grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration Number: INR000001385 |
SKP Bearing Industries IPO – Other Details
- Statutory Auditor – M/s. Dipak P. Shah & Co.
- Legal Counsel to the Company – M/s. Asha Agarwal & Associates
- Bankers to the Company – State Bank of India
SKP Bearing Industries IPO Review by 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 |
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SKP Bearing Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
SKP Bearing Industries IPO Review FAQs
Check out various FAQs related to SKP Bearing IPO:
What is the Issue Size of SKP Bearing Industries IPO?
The Company is making an initial public offer of 4,400,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of SKP Bearing IPO?
The price band for this particular IPO ranges between Rs.70. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the SKP Bearing IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 30, 2022, while the closing date is set at Jul 5, 2022.
What is the SKP Bearing Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 8, 2022, refund initiation is on Jul 11, 2022, credit of shares is on Jul 12, 2022, and share listing date is on Jul 13, 2022.
What is the SKP Bearing Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 13, 2022. The date, when the listing would be done, is stagnant on Jul 13, 2022.
Who is the Registrar of SKP Bearing IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of SKP Bearing Industries IPO?
Here are the promoters of this IPO – MR. SHRINAND KAMLAKAR PALSHIKAR AND MS. SANGITA SHRINAND PALSHIKAR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of SKP Bearing Industries IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is SKP Bearing IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of SKP Bearing Industries Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 745.6, 2020 is 812.47, 2019 is 992.64. PAT from Jan 2022 is 940.41.
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