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Sanginita Chemicals Limited IPO (Sanginita Chemicals IPO) Detail

Mar 1, 2017 - Mar 3, 2017

Incorporate in 2005, Sanginita Chemicals Limited manufactures and exports cuprous chloride, copper sulphate, and cupric chloride. They offers a wide selection of products for the surface coating industry covering decorative and industrial paints, protective coatings, printing inks and adhesives.

Their products are used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, carbon paper, PVC pipe coating industries, etc. They offer tailor-made solutions to their customers to meet their specific requirements.

Company Promoters:

The promoters of the company are:

1. Sanginita Industries Pvt Ltd
2. Mr. Dineshsinh Chavada &
3. Mr. Vijaysinh Chavda

Objects of the Issue:

The objects of the Issue are:

1. Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.

Issue Detail:

  »»  Issue Open: Mar 1, 2017 - Mar 3, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 4,566,000 Equity Shares of Rs 10 aggregating up to Rs 10.05 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 22 Per Equity Share
  »»  Market Lot: 6000 Shares
  »»  Minimum Order Quantity: 6000 Shares
  »»  Listing At: NSE SME

Sanginita Chemicals IPO Reviews:

  1. Sanginita Chemicals Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Mar 1, 2017 18:35 IST042600072000498000
Day 2 - Mar 2, 2017 17:05 IST038760007500004626000
Day 3 - Mar 3, 2017 17:05 IST12000476400047400009516000

Sanginita Chemicals IPO Prospectus

Sanginita Chemicals IPO Rating

48
3.9
Rating:Rated 3.9 stars

Vote Here ...

Sanginita Chemicals IPO Listing Date

  •   ›  Listing Date: Friday, March 10, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SANGINITA
  •   ›  Listing In:
  •   ›  ISIN: INE753W01010
  •   ›  Issue Price: Rs 22 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 22.00
Open:Rs 23.00
Low:Rs 22.50
High:Rs 23.45
Last Trade:Rs 22.90
Volume:738,000

Sanginita Chemicals IPO News Alerts

  1. Friday, March 10, 2017 12:00:00 AM
    Sanginita Chemicals Limited IPO - Listing
  2. Friday, March 3, 2017 12:00:00 AM
    Sanginita Chemicals Limited IPO - Close
  3. Wednesday, March 1, 2017 12:00:00 AM
    Sanginita Chemicals Limited IPO - Open

Company Contact Information

Sanginita Chemicals Limited
301, 3rd Floor,
Shalin Complex,
Sector -11, Gandhinagar - 382 011
Phone: +91-79-23240270
Fax: +91-79-23240270
Email: sanginitachemicals@yahoo.com
Website: http://www. sanginitachemicals.co.in

Sanginita Chemicals IPO Registrar

Purva Sharegistry India Pvt Ltd   »  Report
   9, Shiv Shakti Industrial Estate,
   JR Borica Marg,
   Lower Parel (East), Mumbai – 400 011

Phone: +91-022-23018261/ 23016761
Fax: +91-022-23012517
Email: busicomp@vsnl.com
Website: http://www.purvashare.com

Sanginita Chemicals IPO Lead Manager(s)

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Sanginita Chemicals IPO Review / Comments

avatar
19. Prabhakaran Kuppusamy  May 11, 2017 3:57:12 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
It''s trading at PE of 35 (peers are trading at 60) and 36% higher than issue price.
We can expect little slowness in the upmove.
avatar
18. Prabhakaran Kuppusamy  May 8, 2017 6:15:20 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Regretting that I have sold this script at 23 rupee :(
avatar
17. satya  Mar 14, 2017 9:34:47 PM IST I Like It. 3 | Report Abuse
in 2 days trading, total traded quantity is 10 lakh shares. If we assume all these are sold by retailers, it is just below 50% of their quota(21.66Lakh). It is good as many weak hands are selling and strong hands are holding the shares.
avatar
17.1. NPT  Mar 14, 2017 10:56:34 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Moreover, deliverable trade is more than 93% for the first two days of the listing which is more than 9.30 lacs share.
Appears to be a good stock for the long run.
avatar
16. satya  Mar 14, 2017 12:58:14 PM IST I Like It. 3 | Report Abuse
Its business is in expansino mode. it''s current utilization of capacity is just @ 37%. for any SME, it is good if they are in expansion mode which increases their revenues as well as profits then reflects higher EPS. I see because of that reason, many people are buying the shares.
avatar
15. rohan patel  Mar 12, 2017 6:15:09 PM IST I Like It. 2 | Report Abuse
Hello
I got one lots . Should we have to wait for good return ? any idea ?
avatar
14. deepak bafna  Mar 9, 2017 10:17:17 PM IST I Like It. | Report Abuse
Listing date ? Listing rate ?
avatar
14.1. vijay sahajwani  Mar 9, 2017 11:02:47 PM IST I Like It. | Report Abuse
Listing on Friday 10/3
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13. NPT  Mar 9, 2017 5:59:42 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Sangita allotment our, check purva share site
All the best to the allottee.
avatar
12. sunil nath d  Mar 9, 2017 4:36:38 PM IST I Like It. | Report Abuse
When is the listing date?
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11. rakesh lakhwani  Mar 9, 2017 2:56:41 PM IST I Like It. | Report Abuse
U mean, no confirmation msg will b recieved abt allotment?
avatar
10. sunil s pareek  Mar 9, 2017 2:42:40 PM IST I Like It. | Report Abuse
check your bank account...if u got allotment amount would be debited from your account...
avatar
9. rakesh lakhwani  Mar 9, 2017 11:15:16 AM IST I Like It. | Report Abuse
On which site can v C allotment?
anyone having idea
avatar
8. sunil nath d  Mar 9, 2017 9:52:48 AM IST I Like It. | Report Abuse
When is the allotment date?
avatar
7. KAMMA SIVA RAMA KRISHNA  Mar 4, 2017 7:47:46 PM IST I Like It. | Report Abuse
Listing date information may please be updated in respect of RMC SWITCH GEARS IPO also.
avatar
6. namra  Mar 4, 2017 8:44:41 AM IST I Like It. | Report Abuse
Good issue but very low response from investor
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6.1. IPOANALYSIS  Mar 4, 2017 10:54:39 AM IST I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
It is good for allotment. People forgot to see its increasing top line and profits. Also turnover of 140 crore is good.
avatar
6.2. NPT  Mar 5, 2017 2:16:06 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
To me it appears reasonable.
It is related to industrial chemicals, not for agriculture purpose.
Situated in the happening state of the country.
Top line and bottom line is increasing.
Has tangible fixed assets.
Expanding capacity.
Concern: High debt-equity ratio. But it happens when company is in expansion mode.
Profit to sales ratio is very low.
ROCE is low.
Hope for a good listing.
All the best.
avatar
5. IPOANALYSIS  Mar 1, 2017 12:33:33 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
i would check the prospectus for it.

I like CHD chemical from sme. its available at face value and with very low float of equity.

avatar
5.1. coolaks  Mar 2, 2017 5:03:48 PM IST I Like It. 1 | Report Abuse
Hi IPO Analysis

Should we apply in Sanginita Chemicals.
On agri/chemical sector stocks are listing at almost same levels.
Agro phos india got subscribed almost 15 times. Ipo price at Rs 20 now trading at 23 rs last 4months
Recently Krishna Phos chem Came at rs 30 rs now trading at rs 35.
So only 20 to 35% percent gains in Chemical sector.

Any view on this IPO as Agro phos is trading at rs 23 and this ipo is at rs 22.

Whether there will be listing gains ? Is it worth to invest when others have come with hugh subscription but not that much gains.

Pls let us know.
avatar
5.2. IPOANALYSIS  Mar 3, 2017 11:10:20 AM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
i am applying for 1 application.
avatar
4. niceplaywins  Feb 28, 2017 7:56:27 PM IST I Like It. | Report Abuse
Dilip davda ji which was the last issue managed by swastika investmart....

avatar
4.1. jkmittal  Mar 1, 2017 9:49:08 PM IST I Like It. | Report Abuse
Prolife
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3. RAKA GANGAPUR  Feb 28, 2017 5:12:18 PM IST I Like It. | Report Abuse
DEAR DILIP SIR, SHARE YOUR VIEWS ON THIS IPO
avatar
2. Khemka  Feb 28, 2017 12:45:41 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
After listing day bonanza,no appetite seen for krishna phoschem 2nd day hovering at 35/36 ,sebi should not ruling of huge quantities for small and medium company IPO and make small lot for small IPO so that retailers can be allotted shares.
avatar
1. gala  Feb 28, 2017 11:36:27 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Views IPO analysis ?
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