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.

Objects of the Issue

The objects of the Issue are:

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

Sanginita Chemicals IPO Details

Sanginita Chemicals IPO Date Mar 1, 2017 to Mar 3, 2017
Sanginita Chemicals IPO Face Value ₹10 per share
Sanginita Chemicals IPO Price ₹22 per share
Sanginita Chemicals IPO Lot Size 6000 Shares
Issue Size4,566,000 shares of ₹10
(aggregating up to ₹10.05 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

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

Sanginita Chemicals IPO Lot Size

The Sanginita Chemicals IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹132,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹132,000
Retail (Max) 1 6000 ₹132,000

Sanginita Chemicals IPO Review

Issue appears to have been priced reasonably. Investors having surplus funds may consider investment for long term. Read detail review...

Sanginita Chemicals IPO Subscription Status (Bidding Detail)

The Sanginita Chemicals IPO is subscribed times on Mar 3, 2017 5:05:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sanginita Chemicals IPO Prospectus

Sanginita Chemicals IPO Rating

Rating:Rated 3.9 stars
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Sanginita Chemicals IPO Listing Date

Listing Date Friday, March 10, 2017
BSE Script Code
Listing In
ISIN INE753W01010
IPO Price ₹22 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹22.00
Open: ₹23.00
Low: ₹22.50
High: ₹23.45
Last Trade: ₹22.90

Company Contact Information

Sanginita Chemicals Limited
301, 3rd Floor,
Shalin Complex,
Sector -11, Gandhinagar - 382 011
Phone: +91-79-23240270
Website: http://www.

Sanginita Chemicals IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Sanginita Chemicals IPO Review

Sanginita Chemicals IPO Recommendation Summary

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Sanginita Chemicals IPO FAQs

Sanginita Chemicals IPO is a SME IPO of 4,566,000 equity shares of the face value of ₹10 aggregating up to ₹10.05 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Mar 1, 2017, and closes on Mar 3, 2017.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Sanginita Chemicals IPO opens on Mar 1, 2017 and closes on Mar 3, 2017.

Sanginita Chemicals IPO lot size is 6000 Shares and the minimum order quantity is .

You can apply in Sanginita Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sanginita Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sanginita Chemicals IPO allotment status.

The Sanginita Chemicals IPO listing date is on Friday, March 10, 2017.
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Sanginita Chemicals IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



19. Prabhakaran Kuppusamy |   Link |May 11, 2017 3:57:12 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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.
18. Prabhakaran Kuppusamy |   Link |May 8, 2017 6:15:20 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Regretting that I have sold this script at 23 rupee :(
17. satya |   Link |Mar 14, 2017 9:34:47 PM
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.
17.1. NPT |   Link |Mar 14, 2017 10:56:34 PM
Top Contributor Top Contributor (200+ Posts, 300+ 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.
16. satya |   Link |Mar 14, 2017 12:58:14 PM
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.
15. rohan patel |   Link |Mar 12, 2017 6:15:09 PM
I got one lots . Should we have to wait for good return ? any idea ?
14. deepak bafna |   Link |Mar 9, 2017 10:17:17 PM
Listing date ? Listing rate ?
14.1. vijay sahajwani |   Link |Mar 9, 2017 11:02:47 PM
Listing on Friday 10/3
13. NPT |   Link |Mar 9, 2017 5:59:42 PM
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Sangita allotment our, check purva share site
All the best to the allottee.
12. sunil nath d |   Link |Mar 9, 2017 4:36:38 PM
When is the listing date?
11. rakesh lakhwani |   Link |Mar 9, 2017 2:56:41 PM
U mean, no confirmation msg will b recieved abt allotment?
10. sunil s pareek |   Link |Mar 9, 2017 2:42:40 PM
check your bank account...if u got allotment amount would be debited from your account...
9. rakesh lakhwani |   Link |Mar 9, 2017 11:15:16 AM
On which site can v C allotment?
anyone having idea
8. sunil nath d |   Link |Mar 9, 2017 9:52:48 AM
When is the allotment date?
7. KAMMA SIVA RAMA KRISHNA |   Link |Mar 4, 2017 7:47:46 PM
IPO Mentor IPO Mentor (500+ Posts, 800+ Likes)
Listing date information may please be updated in respect of RMC SWITCH GEARS IPO also.
6. namra |   Link |Mar 4, 2017 8:44:41 AM
Good issue but very low response from investor
6.1. IPOANALYSIS |   Link |Mar 4, 2017 10:54:39 AM
It is good for allotment. People forgot to see its increasing top line and profits. Also turnover of 140 crore is good.
6.2. NPT |   Link |Mar 5, 2017 2:16:06 PM
Top Contributor Top Contributor (200+ Posts, 300+ 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.
5. IPOANALYSIS |   Link |Mar 1, 2017 12:33:33 PM
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.

5.1. coolaks |   Link |Mar 2, 2017 5:03:48 PM
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.
5.2. IPOANALYSIS |   Link |Mar 3, 2017 11:10:20 AM
i am applying for 1 application.
4. niceplaywins |   Link |Feb 28, 2017 7:56:27 PM
Dilip davda ji which was the last issue managed by swastika investmart....

4.1. jkmittal |   Link |Mar 1, 2017 9:49:08 PM
3. RAKA GANGAPUR |   Link |Feb 28, 2017 5:12:18 PM
2. Khemka |   Link |Feb 28, 2017 12:45:41 PM
IPO Guru IPO Guru (1000+ Posts, 400+ 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.
1. gala |   Link |Feb 28, 2017 11:36:27 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Views IPO analysis ?