Scarnose International Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

14 Jun 2022

Close Date

17 Jun 2022

Allotment

22 Jun 2022

Listing Date

27 Jun 2022

Exchange

BSE SME

Price Band

₹55

Listing Price

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Allotment Status

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Price Band

₹55

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

12,00,000 shares (aggregating up to ₹6.60 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹110,000

1 lot

Pre-IPO Holding

19,50,150 shares

Promoters

Post-IPO Holding

31,50,150 shares

Promoters

P/E (Pre)

51.89x

UPI Deadline

2022-06-17

Mandate

Anchor AllotmentMon, 13 Jun 2022

Basis of AllotmentWed, 22 Jun 2022

Refund InitiationThu, 23 Jun 2022

Demat CreditFri, 24 Jun 2022

Listing DayMon, 27 Jun 2022

UPI Mandate Deadline2022-06-17

Sale TypeFresh Capital

Net Offer to Public11,40,000 shares (aggregating up to ₹6.27 Cr)

Market Maker Quota60,000 shares (aggregating up to ₹0.3300 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Scarnose International Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 Jun 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	60,000	—	₹0.33
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,200,000	100%	₹6.60

IPO Shares Offered

Scarnose International Ltd. IPO total issue size: ₹6.60 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	60,000	₹0.33	5.00%
Total	1,200,000	₹6.60	100.00%

* Based on upper price band ₹55 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹55.00

Upper Band

Min Investment

₹110,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹220,000
Retail (Max — 13 Lots)	13	26,000	₹1,430,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,540,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,480,000

* Issue Price ₹55 × Lot Size 2,000 shares

IPO Schedule

Anchor

13 Jun 2022

✓ Done

IPO Open

14 Jun 2022

✓ Done

IPO Close

17 Jun 2022

✓ Done

Allotment

22 Jun 2022

✓ Done

Refunds

23 Jun 2022

✓ Done

Demat Credit

24 Jun 2022

✓ Done

Listing Day

27 Jun 2022

✓ Done

₹55.00

INR · BSE

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Issue ₹55.00 Live Price

About Scarnose International Ltd.

Incorporated in 2011, Scarnose International Limited manufactures and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. The company has a network of printing, weaving, and stitching units. Scarnose International procures cotton bales from different generous and offers the best quality cotton bales to the principal markets of India. Scarnose International Limited's product portfolio includes raw cotton, cotton bales, yarn and garments for ladies.The company started manufacturing ladies' dress materials, particularly Kurtis, through an outsourcing model in the financial year 2021 and selling them under their domestic brand "Scarnose".The company buys raw materials from a variety of suppliers, such as embroidered fabric accessories, fasteners, buttons, labels, laces, and other consumables, and then the manufacturing facility begins cutting, sewing, finishing and ironing them into finished products.Competitive Strengths:Rich management experience and skilled teamSmooth flow of operationsWell-defined organizational structureExisting Supplier RelationshipQuality PolicyCustomer Centric Business Model

Objects of the Issue

To meet the working capital requirements.

To make the repayment of Unsecured Loan.

To meet the Issue Expenses.

General Corporate Purposes.

Scarnose International Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹9,593.0

31-Mar-22

₹3,255.7

31-Mar-21

₹1,204.6

31-Mar-20

Profit After Tax (PAT)

₹33.4

31-Mar-22

₹22.5

31-Mar-21

₹2.8

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	1204.56	3255.72	9593.02
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	2.81	22.51	33.42
Net Worth	4.05	190.55	339.00
Total Assets	1204.91	457.80	1242.25
Reserves & Surplus	3.04	148.55	143.98
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered12,00,000 (100.00%)

Net Offer to Public11,40,000 shares (aggregating up to ₹6.27 Cr)

Reserved for Market Maker60,000 shares (aggregating up to ₹0.3300 Cr)

Pre-Issue Promoter Holding19,50,150 shares

Post-Issue Promoter Holding31,50,150 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd.

+91-44-28460390

investor@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Scarnose International Ltd. IPO subscribed? ▲

Scarnose International Ltd. IPO is subscribed 1.00 times by Jun 17, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Scarnose International Ltd. IPO retail subscription status? ▼

The Scarnose International Ltd. IPO retail category is subscribed 1.00 times as of 17 Jun 2022. The retail portion is oversubscribed.

How to subscribe Scarnose International Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 14 Jun 2022 and closes 17 Jun 2022. Min investment: ₹110,000 (1 lot = 2,000 shares). UPI mandate: 2022-06-17.

How many times Scarnose International Ltd. IPO subscribed? ▼

The Scarnose International Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Scarnose International Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd.) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Jun 2022. Refunds: on 23 Jun 2022.

When Scarnose International Ltd. IPO will be listed? ▼

The Scarnose International Ltd. IPO listing date is 27 Jun 2022, Monday. Listed on: BSE SME. Issue price: ₹55. Estimated listing: ₹55. GMP: NIL.

When Scarnose International Ltd. IPO close? ▼

The Scarnose International Ltd. IPO closes on 17 Jun 2022, Friday. UPI mandate: 2022-06-17. Allotment: 22 Jun 2022. Listing: 27 Jun 2022.

Quick Actions

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Live Price LIVE

Last Price₹55.00

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Issue Price₹55.00

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Quick Summary

StatusListed

Issue Price₹55

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹110,000

GMPNIL

Est. Listing₹55

Subscribed1.00x

Open Date14 Jun 2022

Close Date17 Jun 2022

Allotment22 Jun 2022

Listing Date27 Jun 2022

ExchangeBSE SME

UPI Deadline2022-06-17