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 Promoters:

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

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 Opening DateMar 24, 2021
IPO Closing DateMar 26, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹57 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtNSE SME
Issue Size824,000 Eq Shares of ₹10
(aggregating up to ₹4.70 Cr)

Siddhika Coatings IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)

Siddhika Coatings IPO Promoter Holding

Pre Issue Share Holding83.64%
Post Issue Share Holding

Siddhika Coatings IPO Subscription Status (Bidding Detail)

The Siddhika Coatings IPO is subscribed 2.60x times on Mar 26, 2021 17:00. The public issue subscribed 2.87x in the retail category, in the QIB category, and 2.33x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription






Siddhika Coatings IPO Prospectus

Siddhika Coatings IPO Rating

Rating:Rated 3.3 stars

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Siddhika Coatings IPO Listing Date

Listing DateWednesday, April 7, 2021
BSE Script Code
Listing In
IPO Price₹57 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹57.00
Last Trade:₹56.95

Siddhika Coatings IPO Reviews / Ratings

Company Contact Information

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

Phone: +(91)-(11)-41601441

Siddhika Coatings IPO Registrar

Skyline Financial Services Private Ltd
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 - 11 - 2681

Siddhika Coatings IPO Lead Manager(s)

Siddhika Coatings IPO FAQs

  1. What is Siddhika Coatings IPO?

    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 equity 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.

  2. How to apply in Siddhika Coatings IPO through Zerodha?

    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.

  3. When Siddhika Coatings IPO will open?

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

  4. What is the lot size of Siddhika Coatings IPO?

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

  5. How to apply for Siddhika Coatings IPO?

    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.

  6. When Siddhika Coatings IPO allotment?

    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.

  7. When is Siddhika Coatings IPO listing date?

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

Siddhika Coatings IPO Message Board

Ranked Members  Ranked Members

6. Dinesh Singh |Apr 7, 2021 22:52
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Bakwaas company and fraud LM.
Huge loss to retailers.
But this company is better than EKI as per some experts on this forum.
5. IPOANALYSIS |Mar 26, 2021 17:38
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
Somehow I like this company better than EKI energy . Let''s see if it does good on listing then I will pick this
4. Dinesh Singh |Mar 22, 2021 13:18
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Looking good. SME,S days are back.
Current IPO''s are giving some returns now.
Keep with and apply.
3. Delhi Trade |Mar 25, 2021 13:16
Overall company profile is Good.
Go for long term investment.
2. Delhi Trade |Mar 25, 2021 13:19
Overall company profile is good.
1. G profit |Mar 22, 2021 20:17
Seems to be good. Can we apply??????????


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