Sorich Foils Limited IPO (Sorich Foils IPO) Detail

May 24, 2018 - May 25, 2018

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

The Objects of the Issue are-
1. Part Repayment/prepayment of Unsecured Loans availed by the Company; and
2. General corporate purposes.

Sorich Foils IPO Details

Sorich Foils IPO Date May 24, 2018 to May 25, 2018
Sorich Foils IPO Face Value ₹10 per share
Sorich Foils IPO Price ₹16 per share
Sorich Foils IPO Lot Size 8000 Shares
Issue Size2,500,000 shares of ₹10
(aggregating up to ₹4.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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.

Sorich Foils IPO Lot Size

The Sorich Foils IPO 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
Retail (Min) 1 8000 ₹128,000
Retail (Max) 1 8000 ₹128,000

IPO Notices

External Link

Sorich Foils IPO Withdrawn

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Sorich Foils IPO has been withdrawn.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.'

Sorich Foils IPO Review

Considering aggressive pricing of Sorich Foils NE SME IPO, there is no harm in giving this issue a miss. Read detail review...

Sorich Foils IPO Subscription Status (Bidding Detail)

The Sorich Foils IPO is subscribed 0.18 times on May 25, 2018 5:00:00 PM. The public issue subscribed 0.13 times in the retail category, times in the QIB category, and 0.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sorich Foils IPO Prospectus

Sorich Foils IPO Rating

Rating:Rated 3.7 stars
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Company Contact Information

Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670

Sorich Foils IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Sorich Foils IPO Review

Sorich Foils IPO Recommendation Summary

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Sorich Foils IPO FAQs

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 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 .

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.

The Sorich Foils IPO listing date is not yet announced. The tentative date of Sorich Foils IPO listing is [.].
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Sorich Foils IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



7. Small Investor |   Link |May 29, 2018 5:00:23 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Company ki okat nhi h IPO lane ki
6. Hiteshji |   Link |May 27, 2018 6:45:42 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Must apply to this ipo. Will get very good returns. This one is fancy among all ipos of current month.
6.1. anujsme |   Link |May 28, 2018 10:10:41 AM
aap bhar lo saare stocks sme mein apply karne ko kyon bolte ho.
koi aisa sme bhi hai jo aapko pasand nahi aata :)

waise most of recent listed sme are down
6.2. anujsme |   Link |May 28, 2018 1:31:43 PM
Hiteshji aapka toh issue hi cancel hogaya. lol
5. black & white hat |   Link |May 21, 2018 1:44:51 PM
the LM-saffron performance is not good even well valued ipo issued by it not performing well.
5.1. Anupindi Chakradhar |   Link |May 23, 2018 2:50:31 PM
I applied in ipo in previous issue , I got superlative profits. current price is a temporary blip and is a good price to enter
5.2. black & white hat |   Link |May 28, 2018 1:21:28 PM
@anupindi my point of view is that LM may cooked up the balance sheet to make it attractive as you know CADsys looks good but result is misleading. so CADsys gave listing gain as there is no history of LM and it looks promising company. but as this one was LM's second issue every investor will not take risk and listing gain may not be possible.

Also the LM cann't take benefit of happening/news of acquisition of US co. by CADsys as there was no time gap between result date and news date!!!!. it looks mismanagement....
4. v for vendetta |   Link |May 28, 2018 12:22:59 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Issue has been withdrawn by Company.
Withdrawal letter is attached at NSE SME website link for this IPO.
3. v for vendetta |   Link |May 28, 2018 11:57:36 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Sorich Foils Limited      24-May-2018      25-May-2018      Closed      

above from NSE SME website.
3.2. v for vendetta |   Link |May 28, 2018 12:04:41 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
I don't know, it's surprising.
3.3. anujsme |   Link |May 28, 2018 12:11:51 PM
It cant be closed

must have been issue is cancelled. must have been some obligation
2. DownriteVJ |   Link |May 28, 2018 10:30:11 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Closing Today

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1. winvest |   Link |May 24, 2018 10:30:10 AM
I am happy that investors and promoters have put money 6 cr pre ipo at the issue price of 16