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Open
14 Jun 2022
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Close
17 Jun 2022
3
Allotment
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Listing
Mon, Jun 27, 2022
Price Band
₹55 per share
Issue Size
12,00,000 shares (agg. up to ₹7 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Jun 27, 2022
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.42x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 12.42 | 4.58 | 12.05 |
| Total Income | 95.93 | 32.56 | 12.05 |
| Profit After Tax | 0.33 | 0.23 | 0.03 |
| NET Worth | 3.39 | 1.91 | 0.04 |
| Reserves and Surplus | 1.44 | 1.49 | 0.03 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Swaraj Suiting Ltd. | SME | ₹10.68 Cr | ₹56 | 10.55 | ₹53.20 | -5.00% | ₹362.45 (+1.51%) |
| AB Cotspin India Ltd. | SME | ₹10.09 Cr | ₹35 | 2.71 | ₹40.40 | +15.43% | ₹202.90 (-1.69%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 2.51 |
| 2 | To make the repayment of Unsecured Loan | 2.89 |
| 3 | General corporate purposes | 0.65 |
| 4 | Issue related expenses | 0.55 |
About Scarnose International IPO
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 team Smooth flow of operations Well-defined organizational structure Existing Supplier Relationship Quality Policy Customer Centric Business Model + Read More
Contact Details
Scarnose International Ltd. Address503, Sun SquareNr Hotel Nest, Off C.G.RoadNavrangpuraAhmedabad, Gujarat, 380006079 – 4897 5503compliance@scarnose.comVisit Website