Incorporated in 1991, Mumbai based SK International Export Limited is a manufacturer and exporter of beachwear and scarves. The company has both domestic and international presence (mainly in European countries such as the UK, US, Netherlands, Germany, Spain, and France). The product range of SK International includes headband, sarongs, shawls, scarves, bandanas and beachwear garments (of polyester, viscose, silk, wool and other qualities) for men and women.
Under Sand Kastle brand name, the company offers fashion accessories, holiday and beachwear wear garments for kids segment as well. The raw material for manufacturing garments with a variety of trims and fabrics is sourced from all over India. The company has its own design team to bring new finishes, fits, and styles. Other production facilities such as finishing, ironing, cutting, packing, sewing and quality control are also maintained by the company itself.
Most of the products of the company are manufactured in an in-house factory located at Virar (Palghar). The company works on make to order basis for fashion forecast from big brands in domestic and international markets.
Apart from this, the company also offers ethnic wears such as salwar kameez & dupattas for the domestic markets.
The competitive strengths of the company are:
1. Quality focused products
2. Strong relationships with customers and suppliers
3. Customer focused business model
Company Promoters:
Mr. Shrawankumar P. Sadh and Mr. Hitesh Shrawankumar Sadh are the promoters of the company.
Company Financials:
Summary of Financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Jan-19 12-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 677.81 645.19 614.59 442.57 444.50
Total Revenue 379.49 422.24 844.24 805.87 888.28
Profit After Tax 17.52 21.48 153.01 33.82 10.58
Objects of the Issue:
The Objects of the Issue are:
A. To meet the working capital requirements of the company
B. General Corporate Purposes
C. To meet the Issue Expenses
SK International IPO Details
Issue Open Jun 28, 2019 - Jul 5, 2019
Issue Type Fixed Price Issue IPO
Issue Size 1,980,000 Eq Shares of Rs 10
(aggregating up to Rs 3.96 Cr)
Face Value Rs 10 Per Equity Share
Issue Price Rs 20 Per Equity Share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
SK International IPO Promoter Holding
Pre Issue Share Holding 95.33%
Post Issue Share Holding 69.59%
SK International IPO Subscription Status (Bidding Detail)
SK International IPO how much subscribed?
Company Contact Information
SK International Export Limited
78, Ground, A2, Shah & Nahar Industrial Estate,
Sitaram Jadhav Marg, Lower Parel,
Mumbai - 400013, Maharashtra India
Phone: +91 022 6660 6450
Email: info@skinternational.in
Website: http://skinternational.in/
SK International IPO Registrar
Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
Phone: +91-40-23312454
Email: einward.ris@karvy.com
Website: https://karisma.karvy.com/
Conclusion / Investment Strategy
Currently, the textile segment is not fancied by investors. The issue is priced aggressively. SKIEL has shown average financial performance so far. There is no harm in giving this issue a miss.
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