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Suich Industries Limited IPO (Suich Industries IPO) Detail

May 30, 2019 - Jun 4, 2019

Incorporated in 2008, Delhi-based Suich Industries Limited was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.

The company imports the equipment and assembling parts from China. It has a manufacturing unit at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar where it assembles the products.

Recently, the company has also entered into exports business for its products. Suich Industries Limited is also involved in the trading activity of finished products between manufacturers and distributors on-demand basis. Blue Wave Trading H.K. Ltd is the wholly owned subsidiary of the company to procure the raw materials. The company has also set up a Research & Development Centre (R&D) focusing on the expansion of the product portfolio.

The competitive strength of the company are:
1. Wide product range
2. Cost-effective procurement
3. Catering to rural areas
4. Pocket-friendly products

Company Promoters:

Promoters Of the Company are Gunnit Singh Allagh and Sanchit Singh.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Dec-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 11,417.98 14,042.15 7,270.70 7,895.58
Total Revenue 14,005.73 19,978.97 14,275.35 10,645.95
Profit After Tax 1,148.18 742.92 532.51 300.52

Objects of the Issue:

The Company proposes to utilise the Net Proceeds from the Issue ("Net Proceeds") towards the following objects:

1. Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the
company;
2. Funding the working capital requirement of the Company; and
3. General corporate purposes

Suich Industries IPO Details

Issue OpenMay 30, 2019 - Jun 4, 2019
Issue TypeBook Built Issue IPO
Issue Size4,115,200 Eq Shares of Rs 10
(aggregating up to Rs 30.86 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 73 - Rs 75 Per Equity Share
Market Lot1600 Shares
Min Order Quantity1600 Shares
Listing AtBSE SME

Suich Industries IPO Tentative Date / Timetable

Bid/Offer Opens OnMay 30, 2019
Bid/Offer Closes OnJun 4, 2019
Finalisation of Basis of AllotmentJun 10, 2019
Initiation of RefundsJun 11, 2019
Credit of Shares to Demat Acct:Jun 12, 2019
IPO Shares Listing Date:Jun 13, 2019

Suich Industries IPO Promoter Holding

Pre Issue Share Holding95.50%
Post Issue Share Holding69.72%

Suich Industries IPO Subscription Status (Bidding Detail)

Suich Industries IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,953,600

1,953,600

3,907,200

Jun 4, 2019 18:49

1.32x

1.47x

1.39x

Suich Industries IPO Prospectus

Suich Industries IPO Rating

128
3.7
Rating:Rated 3.7 stars

Vote Here ...

Suich Industries IPO Listing Date

Listing DateThursday, June 13, 2019
BSE Script Code542683
NSE Symbol
Listing InMT
ISININE00CU01013
Issue PriceRs 75 Per Equity Share
Face ValueRs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
Rs 75.00
Rs 68.50
Rs 65.10
Rs 71.90
Rs 71.35
670,400

Suich Industries IPO Reviews / Ratings

Company Contact Information

Suich Industries Limited
Plot No - 68, 3rd Floor,
Block No. 5 W.E.A,
Naiwala, Karol Bagh New Delhi 110005,

Phone: 011-45607111
Email: info@suichgroup.com
Website: http://www.suichgroup.com/

Suich Industries IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: suich.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Suich Industries IPO Review / Comments

KING VINOD
146. KING VINOD  Aug 5, 2019 21:57 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Suich Industries today Low Circuit @18.85.
Issue Price 75 and today's price 18.85 that also Lower Circuit with lot of Selling Quantity.
Approximately 75% of Capital Gaya with in less then one and half month.
Payal Gangwani
145. Payal Gangwani  Jul 26, 2019 10:40 I Like It. 1 | Report Abuse Reply
Pathetic very disappointed 29 rps .Very disgusting results..
deepcdsl
144. deepcdsl  Jun 27, 2019 19:21 I Like It. | Report Abuse Reply
Low..low...lower ...and lower day by day...very good graph...
deepcdsl
144.1. deepcdsl  Jul 9, 2019 06:44 I Like It. | Report Abuse
It's going for deap drive...very good graph...
GrowYourMoney
143. GrowYourMoney  Jun 13, 2019 10:47 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Business similar to the Powerful Technologies
Listing also similar to Powerful Technologies

Very unfortunate
GrowYourMoney
143.1. GrowYourMoney  Jul 2, 2019 17:30 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
headed similar way to Powerful Technologies.
very unfortunate
MR. KUMAR
142. MR. KUMAR  Jun 26, 2019 12:17 I Like It. | Report Abuse Reply
SME ipo se door raho.
KING VINOD
141. KING VINOD  Jun 26, 2019 00:35 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
33% down from issue price with in less then 10 trading days.
Issue price @ 75, today's closing @ 51.50 (Lower Circuit)
KING VINOD
140. KING VINOD  Jun 26, 2019 00:31 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
SUICH INDUSTRIES LOWER CIRCUIT TODAY @ 51.50.
Arjun Patel
139. Arjun Patel  Jun 13, 2019 11:38 I Like It. 8 | Report Abuse Reply
What Happened Floks

I asked You to stay away from SME.
DONT CHASE THEM.
But no one cares. Big Blow.
Thundering Terrifying
I bought Some Large cap and in same Time made 3% Return.
Who cares.

All LB are Chor.
Holani, kothari and Mahavir Lunawat

All are Fraud Marawadi.
They are in Huge Cash Loan. Will be Soon Underground.

Those Holding SME book loss and Those in Profit Book Profit

Escape From SME concept. Its Even Worse Then Harshad Mehta Case.
Pantomath is In Big Cash Loan and Loss.

Avoid SME from Now.
Mark my words You will loose Big.
Buy Quality Large Cap India is Growing and Giant industrialisation is coming Way.

Keep a View of 5 year. Portfolio will Grow by 4 Times
Choice is Yours and Yours

Small and Raja Stop Chasing SME no matter even if it's coming for Free.
All Sme have Loan Strees.

Hitesh Patel is know Him. He is Pure Chor.
He made Great Money in One IPO and Rest Were Game From him.

Think Think
BGRJVB
139.1. BGRJVB  Jun 24, 2019 14:14 I Like It. | Report Abuse
Why these all LM`s are in trouble ? And how come public knows that they are having cash loans ? Is it through grapevine ?
Payal Gangwani
139.2. Payal Gangwani  Jun 25, 2019 15:19 I Like It. | Report Abuse
True Arjun Patel SME me Padna hi nahi chaiye abi se it's totally wasted I have one lot in mindpool technology 2 months se aiska price hi nahi bad Raha and now Suich me bhi paise Gaye .Very disappointed
deepcdsl
138. deepcdsl  Jun 13, 2019 12:36 I Like It. 2 | Report Abuse Reply
Dear Admin...
Why you were bias about my comments...jab maine suich company ke director ka bitcoin scam ka link post kiya tha...tab apane mere initial three comments delete kiye the...if someone posting true about company then what is your concern to delete them???
Maine jo kuch post kiya tha everything was true with proof..still apane mere comments delete kiye...
agar ye open forum hai..then lets allow all to talk anything here...and jab koi proof ke sath comment kar raha hai then you should not delete comments...or else dont allow anyone to register on your forum with any ID...take aadhar from genuine person and allow them only...
Chittorgarh forum shown his bias behavior... maine kisi member ka insult nahi kiya tha...na kisi ko gali dii thi..still my initial comments were deleted...
agar kisi ne wo comment phada hoto to kuch logo ne iss ipo main apply nahi kiya hoto and aaj wo apana paisa save kar chuka hota...
I am ok you can ban my ID also but... if you are providing open forum platform then stick with your standard and dont delete anyone's comments...else close this open forum and allow only verified members to do comments...


I feel really bad for those have lost their hard money today...


maine jaise chaha waise huva suich ke sath...aise scam logo ko market main allowed nahi karana chahiye...but retailers main kuch greedy log hai unake vaja se aise companies market se paise leke bhag jate hai...
BGRJVB
138.1. BGRJVB  Jun 24, 2019 13:23 I Like It. | Report Abuse
This is an open forum and if something is posted by someone, which influence decision making, removing of that link by Admin is wrong.
Payal Gangwani
137. Payal Gangwani  Jun 20, 2019 11:10 I Like It. | Report Abuse Reply
Now showing 59 Abhi to koi chance hi nahi hai uper aane ka
KING VINOD
136. KING VINOD  Jun 19, 2019 11:14 I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Lower Circuit now @ 62.30.
132 Lots showing at Lower Circuit price.
KING VINOD
136.1. KING VINOD  Jun 19, 2019 13:03 I Like It. 3 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Now Total Quantity 302400 placed @ Lower circuit at 62.30..
Now there is very very less chances for moving upside.
RAJAKUMAR
135. RAJAKUMAR  Jun 13, 2019 11:09 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
I0 lot booked loss at discovered price
shivani
135.14. shivani  Jun 14, 2019 11:55 I Like It. | Report Abuse
#smallinvestor
2 lots
KING VINOD
135.15. KING VINOD  Jun 17, 2019 17:25 I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 2200+ Likes)
Discovery Price was 68.50
Small Investor
134. Small Investor  Jun 14, 2019 12:33 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Parshva enterprises ltd Bse Sme
Issue price 45 and lot size is 3000
approx 3.65cr Ipo for 810000 eq shares
MR. KUMAR
134.1. MR. KUMAR  Jun 17, 2019 14:04 I Like It. | Report Abuse
Sabko maalom hai. Completely avoid SME ipo . Otherwise you'll be in heavy loss. See the conditions of Suich industries
Small Investor
133. Small Investor  Jun 14, 2019 12:28 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Raja,Dinesh,Priyansh and Shivani ji Are you Apply in Meera FPO
Priyansh Agrawal
132. Priyansh Agrawal  May 25, 2019 11:20 I Like It. | Report Abuse Reply
Dear small invester lot size 1600 risky
Small Investor
132.1. Small Investor  Jun 14, 2019 12:24 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
ye 1600 lot size hmesa hi fasad ki jad rha h
shivani
131. shivani  Jun 13, 2019 18:29 I Like It. 1 | Report Abuse Reply
those who sold today at lc should hv waited. the closing price shows it will rise tomorrow hopefully
vatsanmb
131.1. vatsanmb  Jun 14, 2019 11:25 I Like It. 3 | Report Abuse
Not the case so. I have sold yesterday's UC. Once, it is not able to maintain, very rare it can come up. Hence, close the position, unless you are ready to take more risk.
Darsh ipo
130. Darsh ipo  Jun 13, 2019 16:21 I Like It. | Report Abuse Reply
Dear small...
Closing rate is 71.35 not 67.55
Small Investor
130.1. Small Investor  Jun 13, 2019 17:57 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
your are right
Priyansh Agrawal
129. Priyansh Agrawal  Jun 13, 2019 16:09 I Like It. | Report Abuse Reply
Dear Rajkumar, Dinesh, small invester sold 1 lot at 71.90 and 1 lot hold
vatsanmb
129.1. vatsanmb  Jun 13, 2019 16:36 I Like It. | Report Abuse
Sold the only lot allotted @ UC (71.9), thank god atleast i didn't sold at LC.
Still at loss but okay that i waited and sold at UC. ;)
Pritesh Chavan
128. Pritesh Chavan  Jun 13, 2019 16:18 I Like It. | Report Abuse Reply
Closing is 71.35
Small Investor
127. Small Investor  Jun 13, 2019 15:38 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 300+ Likes)
Dear Raja,Dinesh,Priyansh i hold yet my allotment
VKMC
127.1. VKMC  Jun 13, 2019 15:50 I Like It. | Report Abuse
I sold one lot @ lower circuit and the other one @ upper circuit.



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