SKP Bearing Industries Limited IPO is opening on 30th June 2022. The company is into manufacturers of rollers, needle rollers, cylindrical rollers, pins, steel balls and has also diversified business of power generation. They are major suppliers to various industries such as textile, automobile and other sectors. The company is one of the leading players in India and is also exporting its products to countries like USA, UAE, Brazil, Argentina, Canada, Germany, Turkey, etc. SKP has also ventured in power generation during FY 2012-2013 and have installed windmills at Jamjodhpur, Jamnagar Forest Division of Gujarat. They have deployed solar plants at Agar, Madhya Pradesh, and other windmills situated at Satara, Maharashtra.
The company has come up with SME IPO to raise nearly Rs. 31- Crore. Below are the details of the IPO :
| IPO Opening : | 30-June-22 |
| IPO Closing : | 05-July-22 |
| IPO Size : | Rs. 31/- Crore |
| Face Value : | Rs. 10/- Per Equity Share |
| IPO Price Band : | Rs. 70/- Per Equity Share |
| IPO Lot Size : | Minimum 1 lot of 2000 equity shares |
| Minimum Application Amount: | Rs. 140,000/- for 1 lot |
| IPO Listing on exchanges: | NSE SME |
| Retail Quota: | 50% |
| NII Quota: | 50% |
| Tentative Allotment date : | 8-July-2022 |
| Tentative Refund date : | 11-July-2022 |
| Tentative date for Credit to Demat Account: | 12-July-2022 |
| IPO Listing on exchanges: | 13-July-2022 |