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Sikko Industries Ltd IPO (Sikko Industries IPO) Detail

Apr 5, 2017 - Apr 7, 2017

Incorporated in 1997, Sikko Industries Ltd (SIL) is engaged in manufacturing of Pesticides including organic Pesticides, Fertilizers including organic fertilizer, Spray Pump and
Organic Seeds. Company export their products to South Africa, Lomo Togo, Srilanka and Iran.

Sikko was initially engaged in the manufacturing of "Growth Promoters" and were used as supplements in agriculture by farmers. In the blanket of Growth Promoters various products are sold namely Vakil, Diamond, Vasool, Biomono which are in combination of granules and liquid form. In addition, firm was engaged in assembling of different parts of Spray Pump having Inside and cylinder without bearing. The spray pumps are used by farmers in agriculture to sprey pesticides. In the year 2008 the Company started pesticide unit. During the year 2011 to 2016 added more new products in its basket and also ventured into fertilizer production and started seed division. In addition to manufacturing of pesticides and fertilizer, now SIL is in process of starting up of new project of Bio CNG and BIO Fertilizer for which it has applied to UP State Bio Energy Development Board, Lucknow.

Objects of the Issue

The objects of the Issue are:

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

Sikko Industries IPO Details

Sikko Industries IPO Date Apr 5, 2017 to Apr 7, 2017
Sikko Industries IPO Face Value ₹10 per share
Sikko Industries IPO Price ₹32 per share
Sikko Industries IPO Lot Size 4000 Shares
Issue Size1,600,000 shares of ₹10
(aggregating up to ₹5.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The promoters of the company are:

1. Mr. Ghanshyambhai Kumbhani &
2. Mr. Jayantibhai Kumbhani

Sikko Industries IPO Lot Size

The Sikko Industries IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).

Application Lots Shares Amount
Retail (Min) 1 4000 ₹128,000
Retail (Max) 1 4000 ₹128,000

Sikko Industries IPO Review

As issue is priced aggressively, only cash surplus risk savvy investors may consider this issue for long term. Read detail review...


Sikko Industries IPO Subscription Status (Bidding Detail)

The Sikko Industries IPO is subscribed times on Apr 7, 2017 5:00:00 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)

Sikko Industries IPO Prospectus

Sikko Industries IPO Rating

37
3.4
Rating:Rated 3.4 stars
Vote Here ...

Sikko Industries IPO Listing Date

Listing Date Tuesday, April 18, 2017
BSE Script Code
NSE Symbol SIKKO
Listing In
ISIN INE112X01017
IPO Price ₹32 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹32.00
Open: ₹34.40
Low: ₹34.10
High: ₹35.50
Last Trade: ₹35.20

Company Contact Information

Sikko Industries Ltd
508, Iscon Elegance, Nr. Jain Temple,
Nr. Prahladnagar Pick up Stand,
Vejalpur, Ahmedabad – 380051
Phone: +91-79-6616 8950
Email: compliance@sikkoindia.com
Website: http://www.sikkoindia.com

Sikko Industries IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: http://www.purvashare.com

Sikko Industries IPO Review

Sikko Industries IPO Recommendation Summary

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Sikko Industries IPO FAQs

Sikko Industries IPO is a SME IPO of 1,600,000 equity shares of the face value of ₹10 aggregating up to ₹5.12 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Apr 5, 2017, and closes on Apr 7, 2017.

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

The Sikko Industries IPO opens on Apr 5, 2017 and closes on Apr 7, 2017.

Sikko Industries IPO lot size is 4000 Shares and the minimum order quantity is .

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

The Sikko Industries IPO listing date is on Tuesday, April 18, 2017.
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Sikko Industries IPO Message Board

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63 Comments

21. krishnadhobi |   Link |May 5, 2017 5:53:21 PM
still not received MSG
20. Jay Mangal |   Link |Apr 16, 2017 12:04:36 PM
Gala Ji do you think every1 expecting a roller coaster ride in nifty on Monday would affect listing of Dev n Sikko on Monday ?
20.4. gala |   Link |Apr 18, 2017 9:56:13 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
34 has strong support I dnt think it shud break ...Seeing the market depth I hope the source of that support is true rest surely book one lot wait for another - my advise
Disclaimer -- I don''t hold any position in this counter .... Evn not much interested in this issue .... Take ur decision based on ur conviction and not greed
20.5. Jay Mangal |   Link |Apr 18, 2017 1:59:23 PM
Gala Ji booked one lot and it seems that it might be facing some resistance at Rs 35. If it breaks than some hopes could be seen; rest your advice is our stop loss 👏🏽
19. ankur garg |   Link |Apr 17, 2017 7:42:50 PM
ANOTHER 20% CANDIDATE 38.4 ONLY BUYER
18. JayT |   Link |Apr 16, 2017 9:59:12 AM
Any way to buy in grey market? what is the premium?
17. BABUKALIA |   Link |Apr 15, 2017 12:28:52 PM
Sikko industries ka premium kitna he
16. Jay Mangal |   Link |Apr 14, 2017 12:55:48 AM
Gala ji lets go by principles and won''t be greedy as I have been alloted 2 lots.
16.3. Jay Mangal |   Link |Apr 14, 2017 1:11:09 PM
Rohan I did applied in retail on first day itself but I don''t think there seems to be more chances of allotment.
16.4. Jay Mangal |   Link |Apr 14, 2017 1:14:07 PM
Thank you Gala ji
Btw I got alloted first time after applying for over 8 SMEs.
Hope so would be benefitted out of this
15. Purity |   Link |Apr 13, 2017 10:16:22 PM
Sikko ipo Allotement Declared on below web link ....

http://www.purvashare.com/queries/index.php



14. Heros |   Link |Apr 13, 2017 5:47:33 PM
When allotment
14.1. Jay Mangal |   Link |Apr 13, 2017 5:58:25 PM
Got allotment messages before half a hour
14.2. Hitesh Nankani |   Link |Apr 13, 2017 8:39:24 PM
Allotment is out

Amount in sbi is debited
13. DR. Bayer shah |   Link |Apr 13, 2017 12:16:58 PM
Allotment will be shown on website after 4 pm today.
13.1. I M Patel |   Link |Apr 13, 2017 3:19:38 PM
Which website we can cheak allotment??
12. bgandhi |   Link |Apr 13, 2017 10:42:23 AM
ANY IDEA FOR SICCOO ALLOTMENT ....................
11. I M Patel |   Link |Apr 11, 2017 4:05:58 PM
Gala sir wht u expected listing rate??
11.2. Jay Mangal |   Link |Apr 13, 2017 5:36:52 PM
Gala ji
In blue chip investments they stated listing could be above Rs 40; also in Smart investment there were Applications rates too.
Do you see that much up move at a stretch?
11.3. gala |   Link |Apr 13, 2017 7:44:31 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Jaymangal how can it good to 40 .... 38.40 will be upper circuit .... Rest I have heard 12000 rates which means sufficient 10% ..... Still if u wish you can keep it and see the market depth buyers and sellers and take decision..... 5% - 10% assured
10. Pranav shah |   Link |Apr 10, 2017 9:56:53 AM
Any tentitive dates for allotment..!?
10.1. I M Patel |   Link |Apr 10, 2017 8:00:44 PM
15 date allotment....
9. Rachumallu Ramesh Babu |   Link |Apr 9, 2017 7:19:37 AM
Whate is meening SME IPO
8. gala |   Link |Apr 7, 2017 9:02:16 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Well darkhorse seeing the subscription I feel speculation will take it UpTo 50% in starting days nnly I think that is way enough to make 50% in 20 days
8.14. DarkHorse |   Link |Apr 17, 2017 10:34:55 PM
Gala sir,ur view on infibeans?
Eagleeye maam GMP 11-12 batayi hai,your views?..apply or not?
8.15. gala |   Link |Apr 17, 2017 10:58:47 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bindass apply ..... Though I feel 11 - 12 gmp bahot jyada ho gaya .... Acc to me max issue will be subscribed 8-10 times aur retailers bahot honge alot of flippers still u can expect gmp of 7- 9 ..... Enough apply final decision
7. nayan lakhani |   Link |Apr 6, 2017 10:43:43 PM
Dear IPOANALYSiS
Pls . Share your view for subscribing Sikko industries .
6. Jay Mangal |   Link |Apr 6, 2017 4:04:27 PM
Dear
IPOANALYSIS SIRJI
There has been strong moment seen regarding Sikko Industries. Please provide your views
5. gala |   Link |Apr 6, 2017 7:54:46 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bull market and sme fancy effect .... Fundamentals pretty weak still it gets oversubscribed
5.6. gala |   Link |Apr 6, 2017 2:43:56 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dev focus were best ! Others are weak .... U can put money for sikko seeing subscription u won''t lose money bt don''t hold weak fundamentals ..... Personally m nnly invested in dev and focus ..... Depends on ur conviction and principles
5.7. DarkHorse |   Link |Apr 6, 2017 6:31:19 PM
Thanks gala sir..if alloted, can hold for 1 year? what will be return?
Your take please.!!!
4. MUKESHSHAH |   Link |Apr 5, 2017 6:10:31 PM
sikko ipo fully subcribed 1.77 times in few hours in first day. so dont think nagtive. ...
3. MUKESHSHAH |   Link |Apr 5, 2017 6:07:34 PM
today its subcribed 1.77 time in few hours in first days.......
2. Krishna Kapadia |   Link |Apr 5, 2017 10:29:46 AM
any view on sikko any gmp or kostak?