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2018-01-09 12:00 AM2018-01-11 12:00 AMAsia/KolkataS K S Textiles Limited IPOS K S Textiles Limited India
S K S Textiles Limited is a dynamic leader in the area of high fashion fabrics. The company is ISO 9000:2015 certified and is engaged in textile manufacturing and trading.
Date of establishment: S K S Textiles was established in 1982.
Product & Service Offering: S K S Textiles manufactures suiting from natural to manmade fabrics and specializes in 100% cotton, cotton blended fabrics and synthetic T/R fabrics.
Promoters of S K S Textiles Ltd.: The promoters of the firm are Mr. Sukanraj Shah, Mr. Vicky Shah, Mr. Sahil Shah and Sukanraj Bhabhutmal Shah HUF.
Customer segment: The company offers its products under its own brand names - Pierricarrlo, Cotbbelly’s and Earthen Belly for retail customers and also on outsourcing basis for other garment companies.
Objects of the Issue:
The Issue consists of a fresh issue and an offer for sale by the shareholders.
Offer for Sale - The selling shareholders will be entitled to the proceeds from the offer for sale.
Fresh Issue - The net proceeds from the fresh issue will be utilized towards the following objects:
- Working capital requirements - General corporate purposes
Following are the benefits in buying and selling an IPOs through a discount broker.
Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors.
Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
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