Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.
The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.
The company is promoted by Chandrahas Kotian. He currently holds 27,48,024 Equity Shares, constituting 47.11% of the pre - Issue issued, subscribed and paid-up equity share capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||32.85||18.86||22.48||20.37||23.96|
The Objects of the Issue are-
1. Part Repayment/prepayment of Unsecured Loans availed by the Company; and
2. General corporate purposes.
»» Issue Open: May 24, 2018 - May 25, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,500,000 Equity Shares of Rs 10 aggregating up to Rs 4.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 16 Per Equity Share
»» Market Lot: 8000 Shares
»» Minimum Order Quantity: 8000 Shares
»» Listing At: NSE SME
Date: Mat 26, 2018
Sorich Foils IPO has been withdrawn. As per the notice received by NSE "The management has envisaged a project for which the capital requirements will be difficult than what is contemplated from the current IPO and hence evaluating other fund-raising options. Secondly, in view of the tepid response for our IPO, the Board feels the time is not apt presently to take our company public and in view of this our Board of Directors met today morning and has unanimously deceived to withdraw the IPO."
Sorich Foils IPO Subscription Status tells if Sorich Foils IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Sorich Foils 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||Others||Total|
|Shares Offered / Reserved||0||1,150,000||1,150,000||200,000||2,500,000|
|Day 1 - May 24, 2018 17:00 IST||0||264,000||88,000||-||352,000|
|Day 2 - May 25, 2018 17:00 IST||0||264,000||152,000||-||416,000|
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