Scarnose International Limited IPO
i. Scarnose International is mainly engaged in Trading of diverse range of raw cotton, cotton bales & yarn. Currently, the company has started manufacturing of readymade garments through different job workers. These garments are made using printed fabric and solid dyed fabrics. Most of the garments are supplied with extensive value addition involving embroidery, hand embroidery and hand work including beads, sequences.
ii. The Company procures cotton bales from different ginners (A person who operates a Cotton gin i.e., a Cotton engine which quickly and easily separates cotton fibers from their seeds enabling much greater productivity than manual cotton separation) where-by they provide the cotton in the form of bales. The promoters had an existing relationships with many mills and factories and tied up with them, wherein the Company sales cotton bales to them. Most of the clients of the Companies are ginners and cotton factories. The compnay provide Cotton Bales of varied specifications and at economical prices.
iii. Having gained experience in this industry, now they have started manufacturing ladies dress materials particularly Kurtis from the financial year 2021 through outsourcing model and selling in its own domestic brand “Scarnose”. Their product sourcing of best quality at economical prices results in fine variety of raw cotton, bales and yarn and manufactures Kurtis at best possible prices thus keeping its costs low.
iv. The company procure best quality cotton yarn for its business. These are purchased keeping its customers in mind in order to provide them quality products. The yarn is sold to handloom weavers and power loom operators, to use in the production of fabrics. Yarns are usually thin, smooth, and lustrous; Yarn may be undyed, or may be coloured with natural or artificial dyes. Most yarns have a single uniform hue, but there is also a wide selection of variegated yarns.
v. Competitive Strengths:
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Quality Policy
- Customer Centric Business Model
Objects of the Scarnose International Limited IPO:
Scarnose International Limited IPO Details:
Open Date: | Jun 14 2022 |
Close Date: | Jun 17 2022 |
Total Shares: | 1,200,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue |
Issue Size: | 6.6 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 55 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Jun 27 2022 |
Promoters And Management:
Financials of Scarnose International Limited IPO:
Particulars (in lakhs) | March-22 | March 21 | March 20 |
Revenue from operations | 9564 | 3254 | 1204 |
Cost of Material Consumed | 114 | 0 | 0 |
Purchase of Traded Goods | 9137 | 3015 | 1199 |
Change in Inventories | -20 | 0 | 0 |
Employee benefits expense | 43 | 18 | 0 |
Other Expenses | 261 | 191 | 0 |
Operating Profit | 29 | 30 | 5 |
OPM% | 0% | 1% | 0% |
Finance Cost | 10 | 0 | 0 |
Depreciation | 2 | 0 | 0 |
Other Income | 28 | 0 | 0 |
Profit (Loss) before tax | 56.00 | 30 | 3 |
Tax expense | 11 | 7 | 0 |
Profit (Loss) for the period | 33.00 | 22 | 2 |
No.of shares | 31 | 31 | 31 |
Earnings per share | 1.06 | 0.70 | 0.06 |
Comparison With Peers:
Recommendation on Scarnose International Limited IPO:
Lead Manager of Scarnose International Limited IPO:
Registrar of Scarnose International Limited IPO:
Company Address:
Discussion on Scarnose International Limited IPO:
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