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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.
| IPO Date | May 16, 2018 to May 22, 2018 |
| Listing Date | May 30, 2018 |
| Face Value | ₹10 per share |
| Price | ₹151 to ₹160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 4,870,000 shares (aggregating up to ₹77.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 0 (0.00%) |
| NII (HNI) Shares Offered | 2,312,800 (47.49%) |
| Retail Shares Offered | 2,312,800 (47.49%) |
| Market Maker portion | 244,000 shares |
| Total Shares Offered | 4,869,600 |
The Sirca Paints IPO lot size is 800 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| Lot Size Calculator | |||
| 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 | |
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.
[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...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)
| Category | Subscription (times) |
|---|---|
| NII | 9.69 |
| Retail | 6.44 |
| Total | 8.32 |
| Listing Date | May 30, 2018 |
| BSE Script Code | |
| NSE Symbol | SIRCA |
| ISIN | INE792Z01011 |
| Final Issue Price | ₹160 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹160.00 |
| ₹162.00 |
| ₹157.00 |
| ₹165.00 |
| ₹164.80 |
Sirca Paints India Limited
504, NDM-II,
Netaji Subhash Place Wazirpur,
Pitampura, New Delhi-110034
Phone: + 91-11-42083083
Email: admin@sircapaints.com
Website: http://www.sircapaints.com
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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 order quantity is .
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.
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anujsme| Link |Jun 4, 2018 1:02:41 PM