
Manufacturing · BSE
Incorporated in 2011, Scarnose International Limited is engaged in the manufacturing and trading of agricultural commodities, including cotton trading, garment manufacturing, yarn trading, and fabric trading. The company operates a network of printing, weaving, and stitching units. It procures cotton bales from various suppliers and delivers high-quality cotton to key markets across India. Scarnose International's product portfolio includes raw cotton, cotton bales, yarn, and garments, primarily catering to the ladies' fashion segment. In the financial year 2021, the company ventured into the manufacturing of ladies' dress materials, particularly Kurtis, through an outsourcing model under its domestic brand "Scarnose." The company sources raw materials from multiple suppliers, including embroidered fabric accessories, fasteners, buttons, labels, and laces. The manufacturing process involves cutting, sewing, finishing, and ironing to transform raw materials into finished products.
Price Band
₹55
Issue Size
₹6.60 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹55
at current GMP
Subscribed
2.22x
overall
Open
13 Jun 2022
Close
17 Jun 2022
Allotment
22 Jun 2022
Refund
23 Jun 2022
Demat Credit
24 Jun 2022
Listing
27 Jun 2022
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
22 Jun 2022
Basis finalization
Refunds Initiate
23 Jun 2022
Mandate release
Demat Credit
24 Jun 2022
Shares in demat
Listing Debut
27 Jun 2022
Trading begins
Scarnose International Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹6.6 Crores. The shares are offered at a price band of ₹55 to ₹55 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,10,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-06-24, while un-allotted funds or UPI block mandates will be released on 2022-06-23.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.