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Sirca Paints India Limited IPO (Sirca Paints IPO) Detail

May 16, 2018 - May 22, 2018

Sirca Paints IPO is a book built issue of Rs 77.92 crores.

Sirca Paints IPO bidding started from May 16, 2018 and ended on May 22, 2018. The shares got listed on NSE SME on May 30, 2018.

Sirca Paints IPO price band is set at ₹151 to ₹160 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Navigant Corporate Advisors Ltd is the book running lead manager of the Sirca Paints IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Sirca Paints IPO RHP for detailed information.

Sirca Paints IPO Details

IPO Date May 16, 2018 to May 22, 2018
Listing Date May 30, 2018
Face Value ₹10 per share
Price Band ₹151 to ₹160 per share
Lot Size 800 Shares
Total Issue Size4,870,000 shares
(aggregating up to ₹77.92 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Market Maker portion244,000 shares

Sirca Paints IPO Reservation

Sirca Paints IPO offers 5,113,600 shares. 2,312,800 (45.23%) to NII, 2,312,800 (45.23%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered244,000 (4.77%)
NII (HNI) Shares Offered2,312,800 (45.23%)
Retail Shares Offered2,312,800 (45.23%)
Other Shares Offered244,000 (4.77%)
Total Shares Offered5,113,600 (100%)

Sirca Paints IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 800 ₹128,000
Retail (Max) 1 800 ₹128,000
Lot Size Calculator

About Sirca Paints India Limited

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;
- Thinner;
- Polyurethane Products.

The company has 128 employees on its payroll.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 6,131.25 4,507.57 3,341.52 2,910.05 2,173.65
Total Revenue 8,434.17 7,266.09 6,976.85 5,408.00 3,402.29
Profit After Tax 1,370.34 727.62 617.88 197.11 50.40

Objects of the Issue (Sirca Paints IPO Objectives)

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.

Sirca Paints IPO Review (May apply)

[Dilip Davda]  

Although based on superb performance of first nine months of FY18, pricing appears reasonable; it’s now venturing into manufacturing in highly competitive segment. Hence sustainability of margins raises concern. Considering these cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...

Sirca Paints IPO Subscription Status (Bidding Detail)

The Sirca Paints IPO is subscribed 8.32 times on May 22, 2018 5:00:00 PM. The public issue subscribed 6.44 times in the retail category, times in the QIB category, and 9.69 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sirca Paints IPO Prospectus

Sirca Paints IPO Rating

Rating:Rated 3.9 stars
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Sirca Paints IPO Listing Details

Listing Date May 30, 2018
BSE Script Code
ISIN INE792Z01011
Final Issue Price ₹160 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Sirca Paints India Limited Contact Details

Sirca Paints India Limited
504, NDM-II,
Netaji Subhash Place Wazirpur,
Pitampura, New Delhi-110034
Phone: + 91-11-42083083

Sirca Paints IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Sirca Paints IPO - Buy or Not

Sirca Paints IPO Recommendation Summary

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Members 0 0 0

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Sirca Paints IPO FAQs

Sirca Paints IPO is a SME IPO of 4,870,000 equity shares of the face value of ₹10 aggregating up to ₹77.92 Crores. The issue is priced at ₹151 to ₹160 per share. The minimum order quantity is 800 Shares.

The IPO opens on May 16, 2018, and closes on May 22, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Sirca Paints IPO opens on May 16, 2018 and closes on May 22, 2018.

Sirca Paints IPO lot size is 800 Shares, and the minimum amount required is ₹128,000.

You can apply in Sirca Paints 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Sirca Paints IPO listing date is on May 30, 2018.
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Sirca Paints IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



128. anujsme |   Link |  Bookmark |June 4, 2018 1:02:41 PM
Where are navigant agents .Stock hit continuos lc at 142. Yeah investoxxx and fundamental analyst navigant employee to trap retailer. Bhai logon. Navigant aur in dono chor hai. Yaad rakhna phir kabhi navigant ka issue kabhi apply mat karna.
127. anujsme |   Link |  Bookmark |June 1, 2018 2:00:50 PM
bhai logon bolo gali gali mein shor hai navigant wala cho hai
126. IPOANALYSIS |   Link |  Bookmark |June 1, 2018 12:18:54 PM
Everyone a sincere request from everyone

1) Please stop apply in any new primary market sme issue unless it is very very good. cheap P/E, good fundamentals ,lm etc

2) stop apply in new issues of navigant and first overseas. they both are frauds.

3)let the new listed sme gain first and sme market to stabilize as new issues will do no good

4)let all new issues remain undersubscribed in retail category so a message will go to LM, company as well as SEBI that we retailer are not fool to throw our money on new issues when their is no return

5) out of last 40 issses more than 30 are below issue price

6) let sebi come in a process to verify checks on LM and company as well so the company background is atleast checked. if there is any discrepency in prospectus the issue should not go through

a sincere request please take a pledge not to apply in new primary market sme unless the recent one stabilize and LM knows how to price it correctly and come up with only god issue

if yallow them to succeed and issue get subscribed even 1 ime they would keep on getting new issues and it is a defeat of each and every one of us

also the story of listing gain is now over so dont go and apply eeach one of thnking that you would sell on listing day.

please please stop applying new primary market sme
126.1. Sinewave |   Link |  Bookmark |June 1, 2018 1:36:26 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Any view on MRSS sme.
Gone less than half in just three sessions.

is it attractive now?
126.2. IPOANALYSIS |   Link |  Bookmark |June 1, 2018 1:50:04 PM
NO i dont like mrss as a buy now,

I like DRA Consultant and chemcrux enterprise.
both debt free companies and have corrected a lot and now charts looking to move higher side
125. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 10:57:32 AM


125.3. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 12:20:50 PM
shashitheinvestor urf investorxxx(navigant agent different id ). please show ur quantity traded

also who asked u to buy it at 102 rs which is almost the highest price.please stop fooling around
also lancer container was at 103 rs few days back and give exit opportunity multiple times.
lancer container is a multibagger stock. it has given 15 times returns in 2 years,

stop foolish comments. dont compare a multibagger company with this shit sirca paint

return lancer container- 15 times
sirce even though new is at issue price

do some study.
also what about my recommendation of fourth dimension at 110 rs now 170 rs
jiya eco at 120 rs now 145 rs.
125.4. anujsme |   Link |  Bookmark |June 1, 2018 12:06:36 PM
sir ur analysis have been bang on
listing at around same issue price and fall from next day .
124. anujsme |   Link |  Bookmark |June 1, 2018 11:46:47 AM
my broker has told that navigant issues always fall 30 % post listing and on listing day only it remain at issue price

therfore sirca should come to its fair value of 100-110 rs in few weeks time.
those alloted should sell immediately sirca paints.also company has no name in delhi and noone use these paints.
123. IPOANALYSIS |   Link |  Bookmark |June 1, 2018 10:54:57 AM
155 rs. Lol. Let's stop applying new primary issue completely and teach them a lesson. With too many issues none will gain wither new or old ones. I am not applying in any new sme from now on and take listing. Sebi is doing all wrong by allowing so many companies to raise money. Have u ever seen so much companies coming with new IPO. Senior should only allow fundamental strong companies with good background to come with sme IPO and that too apply if valuation are cheaper. The problem is good companies are coming with high price and that why no gain and bad companies will remain bad. Let the lm learn a lesson that first check the price of recent IPO performance before coming with new ones. Also sebi should ban navigant type lead manager who have all 4 out of 4 sme gone below issue price and made fool of public. Write to sebi to let them know and ask to check history of lm and also verify company background or some process to safeguard investor.
122. RAJAKUMAR |   Link |  Bookmark |May 31, 2018 11:19:38 PM (1400+ Posts, 1200+ Likes)
Long Term Investors no need to apply money in sme stocks. After some days it will come down below the issue price then jump into the stock. Even one point one solution Rs. 66 it list well and went to above Rs.100 after six months it came to issue price. So no need to apply sme stocks for long term investors. If you choose ten fundamental good companies in 2018 and hold for three years even then you cannot make money because out of 10 only 2 or 3 perform well and remaining 7 or 8 stock will erode your capital. So sme stocks are not consider for long term investors. If same person choose 10 good fundamental stocks in main line ipo for three years he will make more money than sme
121. anujsme |   Link |  Bookmark |May 31, 2018 3:10:31 PM
market is up 250 points and sirca is down and down,

100 rs targett in few weeks
121.1. TheLearner |   Link |  Bookmark |May 31, 2018 4:21:24 PM
120. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 12:23:29 PM
shahsitheinvestor is now duplicate id of investorxxx (navigant man)
120.3. anujsme |   Link |  Bookmark |May 31, 2018 1:18:35 PM
16000 buyers vs 200000 sellers. this stock is damp squib.
sell immediately to avoid further losses.

gali gali mein shor hai yeh navigant wala logo ka paisa lekar dobbana mein mashoor hai
120.4. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 1:58:42 PM
isma matlab yeh hua ki agar infosys 1 din bhi gire ya apne high se 10-20 % toh woh bekaar stock hai chahe he made investors rich.
whereas ek bekaar company like sirca jisne koi return nahi diya.

by the way i recommend jiya,hitech,shrenik all went up between 10-25 % from that day., u forgot them. out of 5 my 4 were correct. lol

anyway lancer too is excellnet company. aaj ka price lancer ka 76 hai aur sirca ka 162. lets see what price they are in next few day time
119. anujsme |   Link |  Bookmark |May 31, 2018 1:36:02 PM
navigant past history

continental seeds price issue at 27 rs now at 21 rs. loss of 25 % in a month

power and instrumentation at 33 rs now 26 rs. loss of 30 % in 1 month
dr lalchandani at 30 rs went until 21 rs now at 29 rs.

no next in line sirca issued at 160 rs now at 160 rs with hardly any buyers. next traget 110 rs. loss of 30 % .lol
118. anujsme |   Link |  Bookmark |May 31, 2018 1:22:37 PM
2 lakh sellers. will hit lower circuit in a day or 2.

sell immediately target os 100 rs coming soon

in navigant aur unke chamcho se door raho bhaiye logon
117. anujsme |   Link |  Bookmark |May 31, 2018 12:48:58 PM
sell sirca paints now. last chance to exit from company otherise get ready to loose 30 % of ur investment.
very bad company and very bad LM
116. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 12:30:20 PM
jab bhi navigant ko kuch bolo yeh investorxxx urf shashiinvestor aa tapakta hai.
navigant ke naukaro ko mircchi kyon lagti hai
116.1. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 12:41:59 PM
investorxxx ke duplicate id.

lancer toh logo ko crorepati bana gaya

tumhara sirca toh logo ko road pe le aayega aur jald hi navigant company jiske tum naukar ho
bevkoof pehle company ke baare mein check toh kar le.
lancer 15 guna ho chuka hai 2 saal mein.

sirca toh issue price se bhi neeche agaya. kya hua navigant ke naukar
115. anujsme |   Link |  Bookmark |May 31, 2018 12:33:46 PM
Sirca paint ki aisi dhulai hui hai ki ab navigant ki aukad nahi hai new issues lane ki

Navigant toh ab doob jayega .iski himmat nahi hai new issues layega toh 0 % subscription milegi ab toh
114. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 10:12:03 AM
All navigation issues are down with huge sellers. Avoid at all cost. Navigation is a bad on and does not care much about it issue performance
114.1. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 12:25:26 PM
lancer is 15 times retun in1 year. sirca is 0 return. so just shutup investoxxx(navigant ke nauakar)
113. IPOANALYSIS |   Link |  Bookmark |May 30, 2018 10:50:33 AM
As I said before no use to apply in sirca and will have flat listing. Why does anyone have to apply in IPO and wait for few days and can easily get below issue price or same price on listing day. Instead buy good sme from secondary market which have utilized money . Where are people who expected fantastic listing looking at subscription. Never go by subscription as story of huge listing gain is now over. Instead buy and apply sme where business is good and you can stick for long term.sme is now long term bets only and not for short term traders. Anyway I did not like the company and hence not applied. Future sme like clock etc too are clear avoid
113.6. IPOANALYSIS |   Link |  Bookmark |May 30, 2018 5:37:04 PM
above comments for riding consultancy
113.7. Sinewave |   Link |  Bookmark |May 31, 2018 10:56:12 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Sirca Hit LC @156.6
112. Ipo dare to dare |   Link |  Bookmark |May 30, 2018 6:59:28 PM
My broker said that if u want to get good return
U should hold for atleast 3-4 months
It will reach up to 410-430
112.1. IPOANALYSIS |   Link |  Bookmark |May 31, 2018 10:05:45 AM
Plz stop sending such message.hiw does broker know is not possible and no one believes u. Navigation issue can never give such returns and history proves they go down post listing. Market maker has to it shares as yesterday a fund sold it's share is a clear negative.
111. Ipo dare to dare |   Link |  Bookmark |May 31, 2018 8:47:29 AM
Out of 49,68,600 total shares only 15,63,200 alloted shares traded
So only 32.1% allot traded
67.9% hold for good return
110. anujsme |   Link |  Bookmark |May 30, 2018 11:51:05 AM
killer lagta hai koi killer phsyco hai. lol

ek taraf keh raha hai dont spread rumours and doosri taraf khud hi share bech diya.kam se kam apne aap ko chu toh mat saabit karo.
bamboo tumhare lag jaate agar tum sirca ko hold karte long term ke liye.
109. us piza |   Link |  Bookmark |May 30, 2018 11:49:47 AM
price will GO up 168 to 170 till tomorrow its good company SO DONT sale in peniq