Scarnose International Share Price

Scarnose International Limited was originally incorporated as a Private Limited Company in the name of Chordia Agro Products Private Limited on April 12, 2011 under the provisions of Companies Act, 1956 issued by the Registrar of CompaniesGujarat, Dadra Nagar Haveli. Subsequently, name of the Company got changed to Scarnose International Private Limitedvide a fresh Certificate of Incorporation dated July 26, 2018 was issued by Registrar of Companies, Ahmedabad. Further, Company was converted into Public Limited Company and the name was changed to Scarnose International Limited vide a fresh Certificate of Incorporation dated June 21, 2021 issued by the Registrar of Companies, Ahmedabad. The Company was established with the basic object of Trading of agriculture commodities. Till March 2019, there was no major business activity in the Company. The Company had started its business operation effectively from financial year 201920. In 2021, the Company started manufacturing ladies dress materials particularly Kurtis through outsourcing model and selling in its own domestic brand Scarnose. The Company is involved in trading of cotton bales, yarns and textiles and manufacturing of ready made garments. Currently, Company has started manufacturing of ready made garments through different job workers.These garments are made using printed fabric and solid dyed fabrics. Most of the garments are supplied with extensive value addition involving embroidery, hand embroidery and hand work including beads, sequences. Latest trend, fashion and lifestyle are having an impact while designing the product range.In June 2022, Company raised the fund through IPO process by issuing aggregating to Rs 6.6 Cr and by allotting a fresh issue of 12,00,000 Equity Shares of Rs 10 each.