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Siddhika Coatings Limited IPO (Siddhika Coatings IPO) Detail

Mar 24, 2021 - Mar 26, 2021

Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (SKK) products and its specialist paint in India. SKK is a Japan-based coatings and pigments manufacturer, and being a strategic channel partner of SKK, Siddhika Coatings Ltd is engaged in the business of supplying Architectural Coatings Supplies & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.

It supplies products to real estate developers, government and private entities i.e. IT companies, hospitality leaders, business park developers, and various eminent architects in India. It has successfully completed 160+ projects across 11 states in India over the last 3 calendar years. It is serving its customers through its branches in 11 states of India i.e. Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.

Competitive strengths

  • India's largest texture paint contract company of SKK brand.
  • High-quality assurance.
  • Experienced promoters and managers.
  • Strong geographical presence with branches all over the country.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
30-Sep-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 2,142.26 2,302.13 2,054.86 1,535.18
Total Revenue 614.65 3,041.78 3,223.74 2,214.65
Profit After Tax 19.98 295.86 351.14 256.44

Objects of the Issue

  • Meet working capital requirements.
  • General corporate Purposes.
  • To meet issue expenses.

Siddhika Coatings IPO Details

IPO Date Mar 24, 2021 to Mar 26, 2021
Listing Date Wednesday, April 7, 2021
Face Value ₹10 per share
Price ₹57 per share
Lot Size 2000 Shares
Issue Size824,000 shares of ₹10
(aggregating up to ₹4.70 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

Siddhika Business Applications Private Limited is the promoter of the company.

Siddhika Coatings IPO Lot Size

The Siddhika Coatings IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹114,000
Retail (Max) 1 2000 ₹114,000

Siddhika Coatings IPO Promoter Holding

Pre Issue Share Holding 83.64%
Post Issue Share Holding

Siddhika Coatings IPO Review

SCL has posted good earnings despite all odds for the last three fiscals. However, it suffered a severe setback due to pandemic for the first half of the current fiscal. Good back up in the form of free reserves and pricing of the IPO below 1 P/BV augurs well. Its prospects hinge on the restoration of normalcy which will bring back this company on track. The company has good fundamentals. Cash surplus investors may consider an investment with a long term perspective. Read detail review...


Siddhika Coatings IPO Subscription Status (Bidding Detail)

The Siddhika Coatings IPO is subscribed 2.60 times on Mar 26, 2021 5:00:00 PM. The public issue subscribed 2.87 times in the retail category, times in the QIB category, and 2.33 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.33
Retail2.87
Total2.60

Siddhika Coatings IPO Prospectus

Siddhika Coatings IPO Rating

58
3.3
Rating:Rated 3.3 stars
Vote Here ...

Siddhika Coatings IPO Listing Date

Listing Date Wednesday, April 7, 2021
BSE Script Code
NSE Symbol SIDDHIKA
Listing In
ISIN INE0A1E01018
IPO Price ₹57 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹57.00
₹55.00
₹54.15
₹58.00
₹56.95

Company Contact Information

Siddhika Coatings Limited
L-9, Lower Ground Floor Kalkaji,
New Delhi, South Delhi, 110019, India

Phone: +(91)-(11)-41601441
Email: secretarial@siddhika.com
Website: http://www.siddhika.com/

Siddhika Coatings IPO Registrar

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/

Siddhika Coatings IPO Review

Siddhika Coatings IPO Recommendation Summary

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Members 0 0 0

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Siddhika Coatings IPO FAQs

Siddhika Coatings IPO is a SME IPO of 824,000 equity shares of the face value of ₹10 aggregating up to ₹4.70 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Mar 24, 2021, and closes on Mar 26, 2021.

Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Siddhika Coatings IPO using UPI as a payment gateway. Zerodha customers can apply in Siddhika Coatings IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Siddhika Coatings IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Siddhika Coatings IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Siddhika Coatings IPO opens on Mar 24, 2021 and closes on Mar 26, 2021.

Siddhika Coatings IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Siddhika Coatings 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 Siddhika Coatings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Siddhika Coatings IPO allotment status.

The Siddhika Coatings IPO listing date is on Wednesday, April 7, 2021.
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Siddhika Coatings IPO Message Board

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23 Comments

12. LOGIC VASTU |   Link |Apr 8, 2021 8:12:22 AM
Today upper circuit
11. IPOANALYSIS |   Link |Apr 1, 2021 11:55:20 PM
Had checked with few of my friends in Japan and noone has heard of this paint company. I will not buy this one .
11.1. IPOANALYSIS |   Link |Apr 8, 2021 2:00:20 AM
Check my message I told that it''s not a good company to invest
10. Dinesh Singh |   Link |Apr 7, 2021 11:52:35 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Bakwaas company and fraud LM.
Huge loss to retailers.
But this company is better than EKI as per some experts on this forum.
10.1. IPOANALYSIS |   Link |Apr 8, 2021 1:57:44 AM
Lol. Check your first message where u said it''s a good company and I replied it is not. Do you want me to share that. Go through my message properly asking repeatedly not to apply. Lagta hai heavy loss aur jhatka laga. U did not pick mymessage that I have visited the site and identified not a good one and also brand not known outside . Everyone please check Dinesh message where he said it is a good company. Lol
9. IPOANALYSIS |   Link |Apr 7, 2021 9:52:40 AM
Listing today. Flat or gain of 1 rs expected
8. Dinesh Singh |   Link |Apr 7, 2021 12:19:15 AM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Does it list on tomorrow 🤔 or not.
Any new/idea.
7. allahabadi |   Link |Apr 1, 2021 10:10:08 PM
Dear Seniors,
i have been allotted one lot of Siddhika Coatings Ltd IPO. Can you guide me, what should i be doing with it on listing?
7.3. IPOANALYSIS |   Link |Apr 2, 2021 12:14:58 AM
It should list on 7th April. If it gives any premium then sell. However I expect it to list flat at issue price. This is common phenomenon now in SME they list either flat or. - + 2 pc.
7.4. iamnimitshah |   Link |Apr 4, 2021 2:28:25 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
where to check the allotment?
6. traderji |   Link |Apr 1, 2021 3:09:56 PM
Again third class service by Register Skyline Financial Services Private Ltd http://www.skylinerta.com/display_application.php nothing is working on their website
6.1. Dinesh Singh |   Link |Apr 1, 2021 9:55:13 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Allotment out.
You can check your status successfully.
5. IPOANALYSIS |   Link |Mar 26, 2021 6:38:29 PM
Somehow I like this company better than EKI energy . Let''s see if it does good on listing then I will pick this
4. Delhi Trade |   Link |Mar 25, 2021 2:19:05 PM
Overall company profile is good.
4.1. IPOANALYSIS |   Link |Mar 25, 2021 3:12:40 PM
What is your company profile.i mean which position are you working for the company.
3. Delhi Trade |   Link |Mar 25, 2021 2:16:20 PM
Overall company profile is Good.
Go for long term investment.
3.1. allahabadi |   Link |Apr 1, 2021 10:11:57 PM
Dear Sir,

Can you guide me what should i do on the day of listing. I have been allotted shares of the company & this is the first time i have applied for an SME IPO.

Regards
2. Dinesh Singh |   Link |Mar 22, 2021 2:18:25 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Looking good. SME,S days are back.
Current IPO''s are giving some returns now.
Keep with and apply.
2.1. IPOANALYSIS |   Link |Mar 24, 2021 11:14:03 AM
Aap hi saare Bhar do. Becharon ko subscription mushkil se mil Rahi hai.
2.2. IPOANALYSIS |   Link |Apr 8, 2021 1:58:51 AM
SME days are back. It is a very good company. So true Dinesh.lol.
1. G profit |   Link |Mar 22, 2021 9:17:14 PM
Seems to be good. Can we apply??????????