Incorporated in 2017, Delhi based Sirca Paints India Limited is a company engaged in marketing and trading/distributor of paints and allied products. It is the first Company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai.
Sirca procures the products majorly from SIRCA SPA ITALY through Import and sells them in India through its Distributors. In addition, the Company also procures the products (Thinner, Abrasives and Buffing Cream) from other suppliers based in India. Except for Thinner and Abrasives which are purchased from domestic
suppliers, all other 100% Purchases are made from Outside India and the products which are purchased from domestic suppliers and sold out in India Only.
Sirca Paints has entered into a Distributorship Contract with SIRCA SPA ITALY wherein the Company got the Exclusive Right to promote the sale of PU & Metal Coating under the trademark
SIRCA in the territory of India, Sri Lanka, Bangladesh and Nepal with a minimum turnover of EURO 4,300,000 (Four Million three hundred thousand) and EURO 4,800,000 (Four million eight hundred thousand) to be achieved in the year 2018 and 2019 respectively. It has entered into a Manufacturing License Agreement with SIRCA S.P.A. Italy for manufacturing the following products in India, under the mark "SIRCA".
- Paints NC;
- Paints AC;
- Polyurethane Products.
The company has 128 employees on its payroll.
The Promoters of the Company are Mr. Sanjay Agarwal, Mr. Apoorv Agarwal, and Mr. Gurjit Singh Bains.
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax||1,370.34||727.62||617.88||197.11||50.40|
The Objects of the Issue are-
1. To finance the expenditure of Site/Plant Development and Purchase of Plant and Machinery
2. To part finance incremental working capital requirements of the Company;
3. To meet General corporate purposes;
4. To meet the expenses of the Issue.
|Issue Open||May 16, 2018 - May 22, 2018|
|Issue Type||Book Built Issue IPO|
|Issue Size||4,870,000 Eq Shares of Rs 10 |
(aggregating up to Rs 77.92 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 151 - Rs 160 Per Equity Share|
|Market Lot||800 Shares|
|Min Order Quantity||800 Shares|
|Listing At||NSE SME|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
May 22, 2018 17:00
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