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Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.
The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.
The company is promoted by Chandrahas Kotian. He currently holds 27,48,024 Equity Shares, constituting 47.11% of the pre - Issue issued, subscribed and paid-up equity share capital of the Company.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,599.39 | 1,663.38 | 1,528.47 | 959.68 | 956.16 | |
| Total Revenue | 2,659.08 | 2,689.88 | 2,506.66 | 2,285.93 | 1,963.30 | |
| Profit After Tax | 32.85 | 18.86 | 22.48 | 20.37 | 23.96 | |
The Objects of the Issue are-
1. Part Repayment/prepayment of Unsecured Loans availed by the Company; and
2. General corporate purposes.
| IPO Opening Date | May 24, 2018 |
| IPO Closing Date | May 25, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹16 per equity share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,500,000 Eq Shares of ₹10 (aggregating up to ₹4.00 Cr) |
The Sorich Foils IPO market lot size is 8000 shares. A retail-individual investor can apply for up to 1 lots (8000 shares or ₹128,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 8000 | ₹128,000 |
| Maximum | 1 | 8000 | ₹128,000 |
Date: Mat 26, 2018
Sorich Foils IPO has been withdrawn. As per the notice received by NSE 'The management has envisaged a project for which the capital requirements will be difficult than what is contemplated from the current IPO and hence evaluating other fund-raising options. Secondly, in view of the tepid response for our IPO, the Board feels the time is not apt presently to take our company public and in view of this our Board of Directors met today morning and has unanimously deceived to withdraw the IPO.'
The Sorich Foils IPO is subscribed 0.18 times on 5/25/2018 5:00:00 PM. The public issue subscribed 0.13 in the retail category, in the QIB category, and 0.23 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.23 |
| Retail | 0.13 |
| Total | 0.18 |
Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670
Email: cs@sorichfoils.in
Website: http://www.sorichfoils.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sorich.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Sorich Foils IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹4.00 Crores. The issue is priced at ₹16 per equity share. The minimum order quantity is 8000 Shares.
The IPO opens on May 24, 2018, and closes on May 25, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Sorich Foils IPO opens on May 24, 2018 and closes on May 25, 2018.
Sorich Foils IPO lot size is 8000 Shares and the minimum order quantity is 8000 Shares.
You can apply in Sorich Foils 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 Sorich Foils IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sorich Foils IPO allotment status.
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