Incorporated in 1997, Sikko Industries Ltd (SIL) is engaged in manufacturing of Pesticides including organic Pesticides, Fertilizers including organic fertilizer, Spray Pump and
Organic Seeds. Company export their products to South Africa, Lomo Togo, Srilanka and Iran.
Sikko was initially engaged in the manufacturing of "Growth Promoters" and were used as supplements in agriculture by farmers. In the blanket of Growth Promoters various products are sold namely Vakil, Diamond, Vasool, Biomono which are in combination of granules and liquid form. In addition, firm was engaged in assembling of different parts of Spray Pump having Inside and cylinder without bearing. The spray pumps are used by farmers in agriculture to sprey pesticides. In the year 2008 the Company started pesticide unit. During the year 2011 to 2016 added more new products in its basket and also ventured into fertilizer production and started seed division. In addition to manufacturing of pesticides and fertilizer, now SIL is in process of starting up of new project of Bio CNG and BIO Fertilizer for which it has applied to UP State Bio Energy Development Board, Lucknow.
The promoters of the company are:
1. Mr. Ghanshyambhai Kumbhani &
2. Mr. Jayantibhai Kumbhani
The objects of the Issue are:
1. Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.
»» Issue Open: Apr 5, 2017 - Apr 7, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,600,000 Equity Shares of Rs 10 aggregating up to Rs 5.12 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 32 Per Equity Share
»» Market Lot: 4000 Shares
»» Minimum Order Quantity: 4000 Shares
»» Listing At: NSE SME
Sikko Industries IPO Subscription Status tells if Sikko Industries IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Sikko Industries IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Apr 5, 2017 17:00 IST||0||2,472,000||368,000||2,840,000|
|Day 2 - Apr 6, 2017 17:00 IST||0||3,192,000||1,780,000||4,972,000|
|Day 3 - Apr 7, 2017 17:00 IST||12,000||5,972,000||13,860,000||19,844,000|
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