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Scarnose International IPO is a Fixed Price IPO listing on BSE SME exchange. The company is based in Ahmedabad and caters to Textiles sector. Finshore Management Services is the merchant banker of Scarnose International IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th February 2022.
Scarnose International IPO open date is 14th June 2022 and close date is 17th June 2022. IPO Allotment Date is 22nd June 2022 and Listing date is 27th June 2022.
IPO
Size:
₹ 6.60 Cr.
Avg IPO Size (Sector Based)
: ₹
14.53 cr.
Sector: Textiles
SME
IPO so far:
87
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Ahmedabad
SME
IPO so far:
174
Revenue (annualised):
₹
95.93
cr. 
PE
Ratio:
51.89x
Average Sector PE Ratio: 19.35x
Scarnose International IPO size is ₹ 6.60 Cr. with IPO price of ₹ 55.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Finshore Management Services Limited is the book-running lead manager of the Scarnose International IPO. Cameo Corporate Services Limited is the Registrar and Market Maker is Econo Broking Pvt Ltd for Scarnose International IPO.
Scarnose International IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Scarnose International IPO, based in Ahmedabad, operates in the Textiles sector with a focus on Trading of agriculture commodities. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Scarnose International IPO size is ₹ 6.60 Cr. with fresh issue size of ₹ 6.60 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Scarnose International IPO is expected to be 22nd June 2022, after the finalization of basis of allotment. Investors can check Scarnose International IPO allotment status on the registrars website, Cameo Corporate Services Limited. Scarnose International IPO refund dates are 23rd June 2022.
Scarnose International IPO is expected to be listed on 27th June 2022.
The upper price band for the Scarnose International IPO is set at ₹ 55.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Scarnose International IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Scarnose International IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 17th June 2022. After submission, funds are blocked until the basis of allotment of Scarnose International IPO is finalised.
The merchant banker for Scarnose International IPO is Finshore Management Services Limited . Finshore Management Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Scarnose International IPO RHP for further details.
The registrar for Scarnose International IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited registrar website for IPO allotment status, refund processing, and other queries related to Scarnose International IPO through their official website or helpline.
Scarnose International IPO was subscribed 2.22 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 6.60 Cr.
Avg IPO Size (Sector Based)
:
₹ 14.53 Cr.
Sector: Textiles
SME
IPO so far:
87
Merchant Banker:
Finshore Management
SME
IPO by BRLM so far:
48
City:
Ahmedabad
SME
IPO so far:
174
Revenue (annualised):
₹ 95.65 cr.
PE
Ratio:
51.89x
Average Sector PE Ratio: 19.35x
Scarnose International IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Scarnose International Financial Review Page
Merchant Banker(s) of Scarnose International IPO: Finshore Management Services Limited
Scarnose International IPO subscription was 2.22 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Scarnose International IPO listed at a listing price of 56.05 against the offer price of 55.00.
The current market price of Scarnose International is 67.28.
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