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Sirca Paints India Limited IPO (Sirca Paints IPO) Detail

May 16, 2018 - May 22, 2018

Incorporated in 2017, Delhi based Sirca Paints India Limited is a company engaged in marketing and trading/distributor of paints and allied products. It is the first Company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai.

Sirca procures the products majorly from SIRCA SPA ITALY through Import and sells them in India through its Distributors. In addition, the Company also procures the products (Thinner, Abrasives and Buffing Cream) from other suppliers based in India. Except for Thinner and Abrasives which are purchased from domestic
suppliers, all other 100% Purchases are made from Outside India and the products which are purchased from domestic suppliers and sold out in India Only.

Sirca Paints has entered into a Distributorship Contract with SIRCA SPA ITALY wherein the Company got the Exclusive Right to promote the sale of PU & Metal Coating under the trademark
SIRCA in the territory of India, Sri Lanka, Bangladesh and Nepal with a minimum turnover of EURO 4,300,000 (Four Million three hundred thousand) and EURO 4,800,000 (Four million eight hundred thousand) to be achieved in the year 2018 and 2019 respectively. It has entered into a Manufacturing License Agreement with SIRCA S.P.A. Italy for manufacturing the following products in India, under the mark "SIRCA".
- Paints NC;
- Paints AC;
- Thinner;
- Polyurethane Products.

The company has 128 employees on its payroll.

Company Promoters:

The Promoters of the Company are Mr. Sanjay Agarwal, Mr. Apoorv Agarwal, and Mr. Gurjit Singh Bains.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 6,131.25 4,507.57 3,341.52 2,910.05 2,173.65
Total Revenue 8,434.17 7,266.09 6,976.85 5,408.00 3,402.29
Profit After Tax 1,370.34 727.62 617.88 197.11 50.40

Objects of the Issue:

The Objects of the Issue are-

1. To finance the expenditure of Site/Plant Development and Purchase of Plant and Machinery
2. To part finance incremental working capital requirements of the Company;
3. To meet General corporate purposes;
4. To meet the expenses of the Issue.

Issue Detail:

  »»  Issue Open: May 16, 2018 - May 22, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 4,870,000 Equity Shares of Rs 10 aggregating up to Rs 77.92 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 151 - Rs 160 Per Equity Share
  »»  Market Lot: 800 Shares
  »»  Minimum Order Quantity: 800 Shares
  »»  Listing At: NSE SME

Sirca Paints IPO Reviews / Recommendations:

Dilip Davda - Other

 

Sirca Paints IPO Subscription Status / Live Bidding Status

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Sirca Paints IPO Prospectus

Sirca Paints IPO Rating

182
3.9
Rating:Rated 3.9 stars

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Sirca Paints IPO Listing Date

  •   ›  Listing Date: Wednesday, May 30, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SIRCA
  •   ›  Listing In:
  •   ›  ISIN: INE792Z01011
  •   ›  Issue Price: Rs 160 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 160.00
Open:Rs 162.00
Low:Rs 157.00
High:Rs 165.00
Last Trade:Rs 164.80
Volume:1,563,200

Sirca Paints IPO News Alerts

  1. Wednesday, June 6, 2018 12:00:00 AM
    Sirca Paints IPO Allotment Status
  2. Wednesday, May 30, 2018 12:00:00 AM
    Sirca Paints IPO Listing Date & Info
  3. Tuesday, May 22, 2018 12:00:00 AM
    Sirca Paints IPO Closes on May 22, 2018
  4. Wednesday, May 16, 2018 12:00:00 AM
    Sirca Paints IPO Opens on May 16, 2018

Company Contact Information

Sirca Paints India Limited
504, NDM-II,
Netaji Subhash Place Wazirpur,
Pitampura, New Delhi-110034
Phone: + 91-11-42083083
Fax:
Email: admin@sircapaints.com
Website: http://www.sircapaints.com

Sirca Paints IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

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Sirca Paints IPO Review / Comments

avatar
128. anujsme  Jun 4, 2018 13:02 I Like It. | Report Abuse
Where are navigant agents .Stock hit continuos lc at 142. Yeah investoxxx and fundamental analyst navigant employee to trap retailer. Bhai logon. Navigant aur in dono chor hai. Yaad rakhna phir kabhi navigant ka issue kabhi apply mat karna.
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127. anujsme  Jun 1, 2018 14:00 I Like It. 1 | Report Abuse
bhai logon bolo gali gali mein shor hai navigant wala cho hai
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126. IPOANALYSIS  Jun 1, 2018 12:18 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Everyone a sincere request from everyone

1) Please stop apply in any new primary market sme issue unless it is very very good. cheap P/E, good fundamentals ,lm etc

2) stop apply in new issues of navigant and first overseas. they both are frauds.

3)let the new listed sme gain first and sme market to stabilize as new issues will do no good

4)let all new issues remain undersubscribed in retail category so a message will go to LM, company as well as SEBI that we retailer are not fool to throw our money on new issues when their is no return

5) out of last 40 issses more than 30 are below issue price

6) let sebi come in a process to verify checks on LM and company as well so the company background is atleast checked. if there is any discrepency in prospectus the issue should not go through

a sincere request please take a pledge not to apply in new primary market sme unless the recent one stabilize and LM knows how to price it correctly and come up with only god issue

if yallow them to succeed and issue get subscribed even 1 ime they would keep on getting new issues and it is a defeat of each and every one of us

also the story of listing gain is now over so dont go and apply eeach one of thnking that you would sell on listing day.

please please stop applying new primary market sme
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126.1. Sinewave  Jun 1, 2018 13:36 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Any view on MRSS sme.
Gone less than half in just three sessions.


is it attractive now?
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126.2. IPOANALYSIS  Jun 1, 2018 13:50 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
NO i dont like mrss as a buy now,

I like DRA Consultant and chemcrux enterprise.
both debt free companies and have corrected a lot and now charts looking to move higher side
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125. IPOANALYSIS  May 31, 2018 10:57 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
ALL NAVIGANT ISSUES COMMON TREND

1)1ST DAY WILL HOVER AROUND SAME ISSUE PRICE
2)NEXT DAY FALL WILL START
3)IN FEW WEEKS OR MONTHS WILL FALL 30 % BELOW ISSUE PRICE
4) WILL GET INVESTOR XXX AND FUNDAMENTLA ANALYST BEFORE ISSUE IN CHITTORGARH GRP WHO WILL RUN THEREAFTER POST ISSUE AND WILL COME BACK WHEN NEW ISSUE CAME
5)INVESTOR XXX NAVIGANT EMPLOYEE BEEN ASKED TO WRITE POSITIVE VIEWS
6) PEOPLE AND INNOCENT RETAILES WITH LESS KNOWLEDGE AND SUBSCIBE EACH AND EVERY SME WITHOUT FUNDAMENTALS

I THINK THIS HAPPENED VERY GOOD AS RETAILERS WOULD NOW LEARN LESSON AND HOPEFULLY JUST BLACKLIST NAVIGANT NEW ISSUES
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125.3. IPOANALYSIS  May 31, 2018 12:20 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
shashitheinvestor urf investorxxx(navigant agent different id ). please show ur quantity traded

also who asked u to buy it at 102 rs which is almost the highest price.please stop fooling around
also lancer container was at 103 rs few days back and give exit opportunity multiple times.
lancer container is a multibagger stock. it has given 15 times returns in 2 years,

stop foolish comments. dont compare a multibagger company with this shit sirca paint

return lancer container- 15 times
sirce even though new is at issue price

do some study.
also what about my recommendation of fourth dimension at 110 rs now 170 rs
jiya eco at 120 rs now 145 rs.
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125.4. anujsme  Jun 1, 2018 12:06 I Like It. | Report Abuse
sir ur analysis have been bang on
listing at around same issue price and fall from next day .
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124. anujsme  Jun 1, 2018 11:46 I Like It. 1 | Report Abuse
my broker has told that navigant issues always fall 30 % post listing and on listing day only it remain at issue price

therfore sirca should come to its fair value of 100-110 rs in few weeks time.
those alloted should sell immediately sirca paints.also company has no name in delhi and noone use these paints.
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123. IPOANALYSIS  Jun 1, 2018 10:54 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
155 rs. Lol. Let's stop applying new primary issue completely and teach them a lesson. With too many issues none will gain wither new or old ones. I am not applying in any new sme from now on and take call.post listing. Sebi is doing all wrong by allowing so many companies to raise money. Have u ever seen so much companies coming with new IPO. Senior should only allow fundamental strong companies with good background to come with sme IPO and that too apply if valuation are cheaper. The problem is good companies are coming with high price and that why no gain and bad companies will remain bad. Let the lm learn a lesson that first check the price of recent IPO performance before coming with new ones. Also sebi should ban navigant type lead manager who have all 4 out of 4 sme gone below issue price and made fool of public. Write to sebi to let them know and ask to check history of lm and also verify company background or some process to safeguard investor.
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122. RAJAKUMAR  May 31, 2018 23:19 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Long Term Investors no need to apply money in sme stocks. After some days it will come down below the issue price then jump into the stock. Even one point one solution Rs. 66 it list well and went to above Rs.100 after six months it came to issue price. So no need to apply sme stocks for long term investors. If you choose ten fundamental good companies in 2018 and hold for three years even then you cannot make money because out of 10 only 2 or 3 perform well and remaining 7 or 8 stock will erode your capital. So sme stocks are not consider for long term investors. If same person choose 10 good fundamental stocks in main line ipo for three years he will make more money than sme
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121. anujsme  May 31, 2018 15:10 I Like It. | Report Abuse
market is up 250 points and sirca is down and down,

100 rs targett in few weeks
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121.1. TheLearner  May 31, 2018 16:21 I Like It. 1 | Report Abuse
BETTER TO EXIT FROM SIRCA
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120. IPOANALYSIS  May 31, 2018 12:23 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
shahsitheinvestor is now duplicate id of investorxxx (navigant man)
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120.3. anujsme  May 31, 2018 13:18 I Like It. 1 | Report Abuse
16000 buyers vs 200000 sellers. this stock is damp squib.
sell immediately to avoid further losses.

gali gali mein shor hai yeh navigant wala logo ka paisa lekar dobbana mein mashoor hai
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120.4. IPOANALYSIS  May 31, 2018 13:58 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
isma matlab yeh hua ki agar infosys 1 din bhi gire ya apne high se 10-20 % toh woh bekaar stock hai chahe he made investors rich.
whereas ek bekaar company like sirca jisne koi return nahi diya.

by the way i recommend jiya,hitech,shrenik all went up between 10-25 % from that day., u forgot them. out of 5 my 4 were correct. lol

anyway lancer too is excellnet company. aaj ka price lancer ka 76 hai aur sirca ka 162. lets see what price they are in next few day time
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119. anujsme  May 31, 2018 13:36 I Like It. 1 | Report Abuse
navigant past history

continental seeds price issue at 27 rs now at 21 rs. loss of 25 % in a month

power and instrumentation at 33 rs now 26 rs. loss of 30 % in 1 month
dr lalchandani at 30 rs went until 21 rs now at 29 rs.

no next in line sirca issued at 160 rs now at 160 rs with hardly any buyers. next traget 110 rs. loss of 30 % .lol
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118. anujsme  May 31, 2018 13:22 I Like It. 1 | Report Abuse
2 lakh sellers. will hit lower circuit in a day or 2.

sell immediately target os 100 rs coming soon

in navigant aur unke chamcho se door raho bhaiye logon
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117. anujsme  May 31, 2018 12:48 I Like It. 1 | Report Abuse
sell sirca paints now. last chance to exit from company otherise get ready to loose 30 % of ur investment.
very bad company and very bad LM
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116. IPOANALYSIS  May 31, 2018 12:30 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
jab bhi navigant ko kuch bolo yeh investorxxx urf shashiinvestor aa tapakta hai.
navigant ke naukaro ko mircchi kyon lagti hai
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116.1. IPOANALYSIS  May 31, 2018 12:41 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
investorxxx ke duplicate id.

lancer toh logo ko crorepati bana gaya

tumhara sirca toh logo ko road pe le aayega aur jald hi navigant company jiske tum naukar ho
bevkoof pehle company ke baare mein check toh kar le.
lancer 15 guna ho chuka hai 2 saal mein.

sirca toh issue price se bhi neeche agaya. kya hua navigant ke naukar
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115. anujsme  May 31, 2018 12:33 I Like It. | Report Abuse
Sirca paint ki aisi dhulai hui hai ki ab navigant ki aukad nahi hai new issues lane ki

Navigant toh ab doob jayega .iski himmat nahi hai new issues layega toh 0 % subscription milegi ab toh
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114. IPOANALYSIS  May 31, 2018 10:12 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
All navigation issues are down with huge sellers. Avoid at all cost. Navigation is a bad on and does not care much about it issue performance
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114.1. IPOANALYSIS  May 31, 2018 12:25 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
lancer is 15 times retun in1 year. sirca is 0 return. so just shutup investoxxx(navigant ke nauakar)
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113. IPOANALYSIS  May 30, 2018 10:50 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
As I said before no use to apply in sirca and will have flat listing. Why does anyone have to apply in IPO and wait for few days and can easily get below issue price or same price on listing day. Instead buy good sme from secondary market which have utilized money . Where are people who expected fantastic listing looking at subscription. Never go by subscription as story of huge listing gain is now over. Instead buy and apply sme where business is good and you can stick for long term.sme is now long term bets only and not for short term traders. Anyway I did not like the company and hence not applied. Future sme like clock etc too are clear avoid
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113.6. IPOANALYSIS  May 30, 2018 17:37 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
above comments for riding consultancy
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113.7. Sinewave  May 31, 2018 10:56 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Sirca Hit LC @156.6
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112. Ipo dare to dare  May 30, 2018 18:59 I Like It. | Report Abuse
My broker said that if u want to get good return
U should hold for atleast 3-4 months
It will reach up to 410-430
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112.1. IPOANALYSIS  May 31, 2018 10:05 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Plz stop sending such message.hiw does broker know is not possible and no one believes u. Navigation issue can never give such returns and history proves they go down post listing. Market maker has to it shares as yesterday a fund sold it's share is a clear negative.
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111. Ipo dare to dare  May 31, 2018 08:47 I Like It. | Report Abuse
Out of 49,68,600 total shares only 15,63,200 alloted shares traded
So only 32.1% allot traded
67.9% hold for good return
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110. anujsme  May 30, 2018 11:51 I Like It. | Report Abuse
killer lagta hai koi killer phsyco hai. lol

ek taraf keh raha hai dont spread rumours and doosri taraf khud hi share bech diya.kam se kam apne aap ko chu toh mat saabit karo.
bamboo tumhare lag jaate agar tum sirca ko hold karte long term ke liye.
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109. us piza  May 30, 2018 11:49 I Like It. | Report Abuse
price will GO up 168 to 170 till tomorrow its good company SO DONT sale in peniq
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