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SKP Bearing Industries IPO

SKP Bearing Industries (IPO) Limited manufactures needle rollers, cylindrical rollers, pins, and steel balls. The company supplies its products to diverse industries such as textiles, automobiles, etc. across India. The company also exports rolling elements to international customers in Brazil, Argentina, UAE, etc.

SKP Bearing Industries Limited has also ventured into the power generation business by installing a windmill in the year 2012-2013 at Survey No. 646, vill: Seth Vadala, Taluka: Jamjodhpur, Jamnagar Forest Division, Gujarat with a commissioned capacity of 0.80 MW.

The company also has a solar plant situated at Survey No. 25/M., Village Rojhana, Teh: Baroda, Dist.: Agar, Madhya Pradesh, and other windmills situated at Survey No. 143/2, Village: Jamuniameena, P.H.N.-52, Mandsaur, Madhya Pradesh, and Village Rautwadi, Tal. Koregaon, District Satara, Maharashtra with a commissioned capacity of 0.63MW, 1.5 MW and 0.80 MW respectively for the generation and sale of power and electricity to various customers.

Competitive Strengths:

  • One of the players in manufacturing of multiple rolling elements in India under single roof.
  • Quality Assurance and Quality Control of the products.
  • Wide and Stable customer base.
  • Experienced management and dedicated employee base.
  • Diversifying the product mix and increasing penetration in markets.
  • Cost effective production and timely fulfilment of orders.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

1. Funding working capital requirements.

2. General corporate purposes.

IPO Details

SKP Bearing Industries IPO DateJun 30, 2022 to Jul 5, 2022
SKP Bearing Industries IPO Face Value₹10 per share
SKP Bearing Industries IPO Price₹70 per share
SKP Bearing Industries IPO Lot Size2000 Shares
Issue Size4,400,000 shares of ₹10
(aggregating up to ₹30.80 Cr)
Fresh Issue1,600,000 shares of ₹10
(aggregating up to ₹11.20 Cr)
Offer for Sale2,800,000 shares of ₹10
(aggregating up to ₹19.60 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company PromotersMr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar are the company promoters.

IPO Timeline

IPO opens on Jun 30, 2022, and closes on Jul 5, 2022. IPO bid date is from Jun 30, 2022 10.00 A.M. to Jul 5, 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.

SKP Bearing Industries IPO Opening DateJun 30, 2022
SKP Bearing Industries IPO Closing DateJul 5, 2022
Basis of AllotmentJul 8, 2022
Initiation of RefundsJul 11, 2022
Credit of Shares to DematJul 12, 2022
SKP Bearing Industries IPO Listing DateJul 13, 2022

IPO Lot Size

The SKP Bearing Industries IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).


IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.49%

IPO Prospectus

Company Contact Information

SKP Bearing Industries Limited
Survey No. 2127,
Mulchand Road, Wadhwan 363 030,
Phone: +91 98242 31243
Email: [email protected]

IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]

IPO Lead Manager(s)