SKP Bearing SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 30 Jun 2022 – 05 Jul 2022
- Listing date
- 13 Jul 2022
- Face value
- ₹10 per share
- Issue price
- ₹70 per share
- Lot size
- 2,000 shares
- Total issue size
- ₹30.80 Cr
- Market cap at offer price
- ₹116 Cr
- Promoter holding
- 100.00% → 73.49% pre-issue → post-issue
- ISIN
- INE0KZA01016
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Shreni Shares Ltd.
- Registered office
- Survey No.2127, Mulchand Road, Surendranagar, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 0 | — | — |
| Market maker | 2,20,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹70
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,40,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (min) | 8 | 16,000 | ₹11,20,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 4.97 | — |
| P/E (×) | 14.08 | — |
| Market cap | — | ₹116 Cr |
Key performance indicators
- Return on net worth
- 16.28%
- ROCE
- 29.60%
- Debt / equity
- 0.01
- PAT margin
- 29.88%
- NAV per share
- ₹30.53
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About SKP Bearing SME
SKP Bearing Industries Limited traces its origins to the partnership firm 'M/s. S K P Bearing Industries' formed by deed of partnership dated November 21, 1991; it was converted into 'SKP Bearing Industries Private Limited' on January 06, 2022 and subsequently into the public limited company 'SKP Bearing Industries Limited' pursuant to a special resolution passed on January 31, 2022 (fresh Certificate of Incorporation dated February 15, 2022). Based in Wadhwan, Surendranagar, Gujarat, the company manufactures needle rollers, cylindrical rollers, pins and steel balls at its sole manufacturing facility of approximately 16,160 sq. mtrs., with installed machinery capacity of 600 million roller pieces and 480 tons of balls, and is IATF 16949 certified. It supplies these rolling elements to reputed bearing manufacturers and OEMs across India in diverse industries such as textile and automobile, and exports to international customers in Brazil, Argentina, UAE, Germany, etc. Since 2011-2015 it has also ventured into power: a 0.80 MW wind mill at Jamjodhpur, Jamnagar, Gujarat (used for captive consumption), a 0.63 MW solar plant at Agar, Madhya Pradesh, and wind mills of 1.5 MW at Mandsaur, Madhya Pradesh and 0.80 MW at Satara, Maharashtra for generation and sale of power. For the period ended January 05, 2022, revenue from operations was ₹3,147.50 Lakhs and profit after tax ₹940.41 Lakhs (FY2021: ₹3,627.91 Lakhs and ₹745.60 Lakhs). Rolling elements contribute 91.56% of revenue (domestic 87.89%, export 3.67%) and power & electricity 8.44% (wind 8.10%, solar 0.34%). The company had around 110 employees (including workers) as on May 31, 2022.
Company Analysis
from RHPSKP Bearing Industries Limited manufactures and exports needle rollers, cylindrical rollers, pins and steel balls ('Rolling Elements') and also generates and sells electricity from solar and wind energy, spanning the industrial rollers/bearings and renewable power sectors.
SKP Bearing Industries Limited traces its origins to the partnership firm 'M/s. S K P Bearing Industries' formed by deed of partnership dated November 21, 1991; it was converted into 'SKP Bearing Industries Private Limited' on January 06, 2022 and subsequently into the public limited company 'SKP Bearing Industries Limited' pursuant to a special resolution passed on January 31, 2022 (fresh Certificate of Incorporation dated February 15, 2022). Based in Wadhwan, Surendranagar, Gujarat, the company manufactures needle rollers, cylindrical rollers, pins and steel balls at its sole manufacturing facility of approximately 16,160 sq. mtrs., with installed machinery capacity of 600 million roller pieces and 480 tons of balls, and is IATF 16949 certified. It supplies these rolling elements to reputed bearing manufacturers and OEMs across India in diverse industries such as textile and automobile, and exports to international customers in Brazil, Argentina, UAE, Germany, etc. Since 2011-2015 it has also ventured into power: a 0.80 MW wind mill at Jamjodhpur, Jamnagar, Gujarat (used for captive consumption), a 0.63 MW solar plant at Agar, Madhya Pradesh, and wind mills of 1.5 MW at Mandsaur, Madhya Pradesh and 0.80 MW at Satara, Maharashtra for generation and sale of power. For the period ended January 05, 2022, revenue from operations was ₹3,147.50 Lakhs and profit after tax ₹940.41 Lakhs (FY2021: ₹3,627.91 Lakhs and ₹745.60 Lakhs). Rolling elements contribute 91.56% of revenue (domestic 87.89%, export 3.67%) and power & electricity 8.44% (wind 8.10%, solar 0.34%). The company had around 110 employees (including workers) as on May 31, 2022.
Objects of the Issue
- Funding working capital requirements ₹871.33 Lakhs p.64
- General Corporate Purposes ₹224.00 Lakhs p.65
Issue Structure
- Total Issue
- 44,00,000 Equity Shares aggregating to ₹3,080.00 Lakhs
- Fresh Issue
- 16,00,000 Equity Shares aggregating to ₹1,120.00 Lakhs
- Offer for Sale
- 28,00,000 Equity Shares aggregating to ₹1,960.00 Lakhs (by Selling Shareholders Mr. Shrinand Kamlakar Palshikar and Ms. Sangita Shrinand Palshikar)
- Price Band
- Fixed Price Offer at ₹70/- per Equity Share (including a premium of ₹60/- per Equity Share)
- Lot Size
- 2,000 Equity Shares and in multiples thereof (subject to a minimum allotment of 2,000 Equity Shares)
- Face Value
- ₹10/- each
Business Model
The company earns revenue primarily by manufacturing and selling needle rollers, cylindrical rollers, pins and steel balls to bearing manufacturers and OEMs in the domestic market (87.89% of revenue) and through exports (3.67%), supplemented by the generation and sale of electricity from its wind mills and solar plant (8.44% of revenue, of which wind 8.10% and solar 0.34%).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Shrinand Kamlakar Palshikar | Promoter | 49.99% | 36.74% |
| Ms. Sangita Shrinand Palshikar | Promoter | 50.00% | 36.75% |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.