Scarnose International (IPO) Incorporated in 2011, they 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.
They 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.
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Quality Policy
- Customer Centric Business Model
|Period Ended||Total Assets||Total Revenue||Profit After Tax|
|Amount in ₹ Lakhs|
Objects of the Issue
The Objects of the Issue are:
- To meet the working capital requirements.
- To make the repayment of Unsecured Loan.
- To meet the Issue Expenses.
- General Corporate Purposes.
|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.|
IPO opens on Jun 14, 2022, and closes on Jun 17, 2022. The bid date is from Jun 14,2022 10.00 A.M. to Jun 17, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
|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|
IPO Lot Size
The Scarnose International IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110,000).
|Pre Issue Share Holding||99.99%|
|Post Issue Share Holding||61.90%|
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Company Contact Information
IPO Lead Manager(s)
- Finshore Management Services Limited