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.
| Issue Open | May 24, 2018 - May 25, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,500,000 Eq Shares of Rs 10 (aggregating up to Rs 4.00 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 16 Per Equity Share |
| Market Lot | 8000 Shares |
| Min Order Quantity | 8000 Shares |
| Listing At | NSE SME |
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Sorich Foils IPO has been withdrawn.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."
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 1,150,000 | 1,150,000 | 2,300,000 | ||||
May 25, 2018 17:00 | 0.23x | 0.13x | 0.18x | ||||
32 3.7 Rating:  Vote Here ... |
Link Intime India Private Ltd » Report
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: sorich.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.
We can help you choosing the right broker. Contact us today...
|
Top Contributor (400+ Posts, 100+ Likes)
2
|
|
1
|
2
|
1
|
|
2
|
IPO Mentor (1000+ Posts, 700+ Likes)