SKP Bearings Limited

Company Profile
Company Name SKP Bearings Limited
Open Date 30-06-2022
Close Date 05-07-2022
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹ 70 per share
Issue Size 44,00,000 Equity Shares
Application Amount ₹ 1,40,000
Recommendation Apply
SKP Bearings Limited was established in the year 1991 as a partnership firm as ‘M/s. S K P Bearing Industries’. Later in the beginning of the year 2022 it was transformed to Private Limited and then Public Limited Company. The company is engaged in the manufacturing of needle rollers, cylindrical rollers, pins and steel balls and is one of the players in the list of finished roller manufacturers in India. Company also in these years had set up Wind and Solar energy generating units in Gujarat and Maharashtra respectively and is used for captive purpose as well as generation and sale of power and electricity to various customers.
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Summary of Financials (All financials in Lakh)

For the Period Ended 05-Jan-22 Mar-21 Mar-20
Total Assets 5,078.66 5,281.07 5,448.70
Net Assets 4,130.47 4,580.08 3,913.92
Total Borrowings - 35.96 40.56
Total Revenue 3,444.35 3,709.29 3,258.18
Profit After Tax 940.41 745.60 812.47

Tentative Timeline

Opening Date 30-06-2022
Closing Date 05-07-2022
Basis of Allotment 08-07-2022
Initiation of Refunds 11-07-2022
Credit of Shares to Demat 12-07-2022
Listing Date 13-07-2022

Objects of the Issue

Funding working capital requirements
General corporate purposes

Contact Information

Registered Office SKP Bearing Industries Limited Survey No. 2127, Mulchand Road, Wadhwan 363 030, Surendranaga
Phone +91 98242 31243

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 220,000 (5.00%)
Other Shares Offered 2,090,000 (47.50%)
Retail Shares Offered 2,090,000 (47.50%)
Total Shares Offered 4,400,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 73.49%

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