
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
Overall Subscription
2.22x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 600,000 | — | 0.00x |
| Non-Institutional (NII / HNI) | 180,000 | — | 0.00x |
| Retail Individual (RII) | 420,000 | — | 0.00x |
| Total | 1,200,000 | 0 | 2.22x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 210 | 466 | 2.22x |
| HNIs (10L +) | 1 | 2 | 2.00x |
| HNIs (2-10L) | 6 | 13 | 2.17x |
| Total Applications | 217 | 481 | 2.22x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Scarnose International Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹55 to ₹55 per equity share.
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,10,000. Expected listing price is ₹55 per equity share.
The Scarnose International Limited IPO aggregate issue size is ₹6.6 Crores with an equity price band set at ₹55 to ₹55 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,10,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.22x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2022-06-22. Investors can verify status using PAN card or application number.
Scarnose International Limited shares are scheduled to list on BSE on 2022-06-27.