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SBC Exports IPO is a fixed price issue of Rs 6.56 crores.
SBC Exports IPO bidding started from June 24, 2019 and ended on June 26, 2019. The allotment for SBC Exports IPO was finalized on Monday, July 1, 2019. The shares got listed on BSE SME on July 4, 2019.
SBC Exports IPO price is ₹22 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the SBC Exports IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to SBC Exports IPO RHP for detailed information.
| IPO Date | June 24, 2019 to June 26, 2019 |
| Listing Date | July 4, 2019 |
| Face Value | ₹10 per share |
| Price | ₹22 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 2,982,000 shares (aggregating up to ₹6.56 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,600,000 |
| Share holding post issue | 10,582,000 |
| Market Maker portion | 150,000 shares |
SBC Exports IPO offers 2,982,000 shares. 1,416,000 (47.48%) to NII, 1,416,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 150,000 (5.03%) |
| Other Shares Offered | 1,416,000 (47.48%) |
| Retail Shares Offered | 1,416,000 (47.48%) |
| Total Shares Offered | 2,982,000 (100%) |
SBC Exports IPO opens on June 24, 2019, and closes on June 26, 2019.
| IPO Open Date | Monday, June 24, 2019 |
| IPO Close Date | Wednesday, June 26, 2019 |
| Basis of Allotment | Monday, July 1, 2019 |
| Initiation of Refunds | Tuesday, July 2, 2019 |
| Credit of Shares to Demat | Wednesday, July 3, 2019 |
| Listing Date | Thursday, July 4, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2019 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹132,000 |
| Retail (Max) | 1 | 6000 | ₹132,000 |
| Lot Size Calculator | |||
Mr. Dhirendra Kumar Gupta and Mrs. Deepika Gupta are the promoters of the company.
| Share Holding Pre Issue | 92.91% |
| Share Holding Post Issue | 66.73% |
Incorporated in 2011, Uttar Pradesh based SBC Exports Limited is a trader of cushion covers, bedspreads, cotton quilts and handmade carpets in the Mirzapur. Initially, the company was only known for trading of good quality readymade apparels. Later, it had expanded its business in some other areas like tour & travels, manpower supply and information technology services. The company also started trading of hosiery fabrics & hosiery garments for Ladies, Mens' and Kids' in Mirzapur.
SBC Exports Ltd operates primarily in three key segments:
-Online & offline Hotel / Travel / Vacation Bookings
-IT Services & Manpower supply and
-Textiles, Garments trading including Carpets
The company has two manufacturing plants located at Mirzapur and Ghaziabad in Uttar Pradesh. A variety of products such as Jackets, trousers, leggings, denim, T-shirts, and sweatshirts etc. are sold by the company under SBC DESIGN+, IEDEE, and SBC F-ROUTE brand names. It also has an online selling website www.frouteclothing.com and mobile APP to sell products online.
The competitive strengths of the company are:
1. Manufacturing units located near to the source of the raw materials.
2. Innovative product designing services.
3. Varied product range
4. Quality assurance
5. Diversified business model
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 2938.66 | 1892.70 | 925.87 | 479.55 | |
| Total Revenue | 5848.51 | 6399.45 | 2865.70 | 2115.76 | |
| Profit After Tax | 69.37 | 82.97 | 32.84 | 6.58 | |
Objects of the Fresh Issue are:
1. To part finance working capital requirements of the Company;
2. To meet General corporate purposes;
3. To meet the expenses of the Issue.
[Dilip Davda]
Although the company has diverse activities, its major revenue comes from domestic markets. Issue pricing is aggressive. Peers comparison is grossly misleading. Investors may skip this issue.
Read detail review...The SBC Exports IPO is subscribed 1.36 times on June 26, 2019 6:49:02 PM. The public issue subscribed 0.78 times in the retail category, times in the QIB category, and 1.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.94 |
| Retail | 0.78 |
| Total | 1.36 |
| Listing Date | July 4, 2019 |
| BSE Script Code | 542725 |
| NSE Symbol | |
| ISIN | INE04AK01010 |
| Final Issue Price | ₹22 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹22.00 |
| ₹22.00 |
| ₹22.00 |
| ₹23.10 |
| ₹23.10 |
SBC Exports Limited
House No.-20, Lohiya Talab,
Choti Basahi, P.O. Vindhyachal Mirzapur,
Uttar Pradesh-231307
Phone: 0120-2895246
Email: info@sbcel.com
Website: http://sbcexportslimited.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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SBC Exports IPO is a SME IPO of 2,982,000 equity shares of the face value of ₹10 aggregating up to ₹6.56 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000 Shares.
The IPO opens on June 24, 2019, and closes on June 26, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The SBC Exports IPO opens on June 24, 2019 and closes on June 26, 2019.
SBC Exports IPO lot size is 6000 Shares, and the minimum amount required is ₹132,000.
You can apply in SBC Exports IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for SBC Exports IPO will be done on Monday, July 1, 2019, and the allotted shares will be credited to your demat account by Wednesday, July 3, 2019. Check the SBC Exports IPO allotment status.
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