Scarnose International Limited
Incorporated in the year 2011, Scarnose International Limited is a trading and manufacturing company
dealing in Agro commodities, Cotton bales, Yarn and manufacturing of Kurtis. Company started
majorly generating its revenues from the year 2019-20. Company purchases cotton bales from various ginners and the manufacturing of ladies kurtis and dress materials are outsourced. The Kurtis manufactured are sold in their own brand name “Scarnose”.
Competitive Strength
- Rich management experience and skilled team
- Smooth flow of operations
- Well-defined organizational structure
- Existing Supplier Relationship
- Quality Policy
- Customer Centric Business Model
Summary of Financials (All financials in Lakh)
| For the Period Ended | Mar-22 | Mar-21 | Mar-20 | |
|---|---|---|---|---|
| Total Assets | 1242.25 | 457.80 | 1204.91 | |
| Net Assets | 339.00 | 190.55 | 4.05 | |
| Total Borrowings | 290.79 | 1.00 | 0.26 | |
| Total Revenue | 9593.02 | 3255.73 | 1204.57 | |
| Profit After Tax | 33.42 | 22.51 | 2.81 | |
Objects of the Issue
- 1. To meet working capital requirements
- 2. To make repayment of unsecured loans
- 3. To meet the issue expenses
- 4. General Corporate Purpose
IPO Details
| Opening Date | June 14, 2022 |
|---|---|
| Closing Date | June 17, 2022 |
| Stock Exchange | BSE SME |
| Status | Closed |
| Lot Size | 2000 Shares |
| Issue Price | ₹ 55 per share |
| Issue Size | 12,00,000 Equity shares of FV of ₹ 10 (aggregating up to ₹ 660 Lakh) |
| Issue Type | Fixed Price Issue |
| Application Amount | ₹ 110,000.00 |
| Retail Shares Offered | not less than 50% of the Net Offer |
| Other than Retail Shares Offerred | not less than 50% of the Net Offer |