Scarnose International IPO opens on Jun 14, 2022, and closes on Jun 17, 2022
Scarnose International Limited was founded in 2011 and produces and trades agricultural commodities such as cotton trading, garment manufacturing, yarn trading, and fabric trading. Printing, weaving, and sewing equipment are all part of the company’s network. Scarnose International sources cotton bales from a variety of sources and distributes the highest-quality cotton bales to India’s major marketplaces. Raw cotton, cotton bales, yarn, and ladies’ outfits are all part of Scarnose International Limited’s product line.
In the fiscal year 2021, the company began outsourcing the production of ladies’ dress materials, mainly Kurtis, and marketing them under the Scarnose local brand.
The company purchases raw materials such as embroidered fabric embellishments, fasteners, buttons, labels, laces, and other consumables from a number of suppliers, and then the production facility cuts, sews, finishes, and irons them into completed items.
The company purchases raw materials such as embroidered fabric embellishments, fasteners, buttons, labels, laces, and other consumables from a number of suppliers, and then the production facility cuts, sews, finishes, and irons them into completed items.
Silver Pearl Hospitality IPO- A Hospitality Company SME IPO
Scarnose International IPO Timeline
| Event | Date |
|---|---|
| Scarnose International IPO Opening Date | Jun 14, 2022 |
| Scarnose International IPO Closing Date | Jun 17, 2022 |
| Basis of Allotment | Jun 22, 2022 |
| Initiation of Refunds | Jun 23, 2022 |
| Credit of Shares to Demat | Jun 24, 2022 |
| Scarnose International IPO Listing Date | Jun 27, 2022 |
Strength of this Scarnose International
1-Experienced management and a well-trained crew
2-Operational efficiency
3- Organisational structure that is well-defined
4-Relationship with Existing Suppliers
5- Customer-centric business model Quality Policy
Scarnose International Limited Financial Information (figures in lakh)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 1242.25 | 9593.02 | 33.42 |
| 31-Mar-21 | 457.8 | 3255.72 | 22.51 |
| 31-Mar-20 | 1204.91 | 1204.56 | 2.81 |
Goals of Scarnose International IPO
- To meet the working capital requirements.
- To make the repayment of Unsecured Loan.
- To meet the Issue Expenses.
- General Corporate Purposes.
Scarnose International IPO Details
| Scarnose International IPO Date | Jun 14, 2022 to Jun 17, 2022 |
| Scarnose International IPO Face Value | ₹10 per share |
| Scarnose International IPO Price | ₹55 per share |
| Scarnose International IPO Lot Size | 2000 Shares |
| Issue Size | 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr) |
| Fresh Issue | 1,200,000 shares of ₹10 (aggregating up to ₹6.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Shah Vimalkumar Mishrilal and Mr. Hitesh Loonia are the company promoters. |
Scarnose International IPO is a small business IPO with 1,200,000 equity shares with a face value of ten rupees each, for a total of Rs. 6.60 crores. The offering has a price of 55 cents per share. A minimum order quantity of 2000 shares is required.
The initial public offering (IPO) will begin on June 14, 2022 and end on June 17, 2022.
The IPO’s registrar is Cameo Corporate Services Limited. The shares will be listed on the BSE SME.
Company Contact Information
503, Sun Square,
Nr Hotel Nest, Off C. G. Road,
Navrangpura, Ahmedabad – 380006,
Phone: 079 – 4897 5503
Email: [email protected]
Website: https://scarnose.com/
How to apply Scarnose International IPO through Zerodha
Zerodha customers can apply online in Scarnose International IPO using UPI as a payment gateway. Zerodha customers can apply in Scarnose International IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Scarnose International IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Scarnose International IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
—
Follow us on
Facebook – Click here
Instagram – Click Here
Connect us to buy sell PRE IPO STOCKS on – Click here