FREE Account Opening + No Clearing Fees

Suich Industries Limited IPO (Suich Industries IPO) Detail

May 30, 2019 - June 4, 2019

Suich Industries IPO is a book built issue of Rs 30.86 crores.

Suich Industries IPO bidding started from May 30, 2019 and ended on June 4, 2019. The allotment for Suich Industries IPO was finalized on Monday, June 10, 2019. The shares got listed on BSE SME on June 13, 2019.

Suich Industries IPO price band is set at ₹73 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Suich Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Suich Industries IPO RHP for detailed information.

Suich Industries IPO Details

IPO Date May 30, 2019 to June 4, 2019
Listing Date June 13, 2019
Face Value ₹10 per share
Price Band ₹73 to ₹75 per share
Lot Size 1600 Shares
Total Issue Size4,115,200 shares
(aggregating up to ₹30.86 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion208,000 shares

Suich Industries IPO Reservation

Suich Industries IPO offers 4,115,200 shares. 1,953,600 (47.47%) to NII, 1,953,600 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered208,000 (5.05%)
NII (HNI) Shares Offered1,953,600 (47.47%)
Retail Shares Offered1,953,600 (47.47%)
Total Shares Offered4,115,200 (100%)

Suich Industries IPO Timeline (Tentative Schedule)

Suich Industries IPO opens on May 30, 2019, and closes on June 4, 2019.

IPO Open Date Thursday, May 30, 2019
IPO Close Date Tuesday, June 4, 2019
Basis of Allotment Monday, June 10, 2019
Initiation of Refunds Tuesday, June 11, 2019
Credit of Shares to Demat Wednesday, June 12, 2019
Listing Date Thursday, June 13, 2019
Cut-off time for UPI mandate confirmation 5 PM on June 4, 2019

Suich Industries IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹120,000
Retail (Max) 1 1600 ₹120,000
Lot Size Calculator

Suich Industries IPO Promoter Holding

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

Share Holding Pre Issue 95.50%
Share Holding Post Issue 69.72%

About Suich Industries Limited

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 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 (Suich Industries IPO Objectives)

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
2. Funding the working capital requirement of the Company; and
3. General corporate purposes

Suich Industries IPO Review (May apply)

[Dilip Davda]  

No doubt issue is priced lucratively. But longer trade receivable period and sustainability of margins in a highly competitive segment are a major concern. Hence cash surplus risk savvy investors may consider long term investment at their own risk.

Read detail review...

Suich Industries IPO Subscription Status (Bidding Detail)

The Suich Industries IPO is subscribed 1.39 times on June 4, 2019 6:49:03 PM. The public issue subscribed 1.47 times in the retail category, times in the QIB category, and 1.32 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Suich Industries IPO Prospectus

Suich Industries IPO Rating

Rating:Rated 3.7 stars
Vote Here ...

Suich Industries IPO Listing Details

Listing Date June 13, 2019
BSE Script Code 542683
NSE Symbol
Final Issue Price ₹75 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Suich Industries Limited Contact Details

Suich Industries Limited
Plot No - 68, 3rd Floor,
Block No. 5 W.E.A,
Naiwala, Karol Bagh New Delhi 110005,
Phone: 011-45607111

Suich Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Suich Industries IPO - Buy or Not

Suich Industries IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

Suich Industries IPO FAQs

Suich Industries IPO is a SME IPO of 4,115,200 equity shares of the face value of ₹10 aggregating up to ₹30.86 Crores. The issue is priced at ₹73 to ₹75 per share. The minimum order quantity is 1600 Shares.

The IPO opens on May 30, 2019, and closes on June 4, 2019.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Suich Industries IPO opens on May 30, 2019 and closes on June 4, 2019.

Suich Industries IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.

You can apply in Suich Industries 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 Suich Industries IPO will be done on Monday, June 10, 2019, and the allotted shares will be credited to your demat account by Wednesday, June 12, 2019. Check the Suich Industries IPO allotment status.

The Suich Industries IPO listing date is on June 13, 2019.
Open an Instant Account with Zerodha

Suich Industries IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



146. KING VINOD |   Link |  Bookmark |August 5, 2019 9:57:05 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ 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.
145. Payal Gangwani |   Link |  Bookmark |July 26, 2019 10:40:16 AM
Pathetic very disappointed 29 rps .Very disgusting results..
144. deepcdsl |   Link |  Bookmark |June 27, 2019 7:21:41 PM
Low..low...lower ...and lower day by day...very good graph...
144.1. deepcdsl |   Link |  Bookmark |July 9, 2019 6:44:26 AM
It's going for deap drive...very good graph...
143. MR. KUMAR |   Link |  Bookmark |June 26, 2019 12:17:21 PM
SME ipo se door raho.
142. KING VINOD |   Link |  Bookmark |June 26, 2019 12:35:08 AM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
33% down from issue price with in less then 10 trading days.
Issue price @ 75, today's closing @ 51.50 (Lower Circuit)
141. KING VINOD |   Link |  Bookmark |June 26, 2019 12:31:15 AM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
140. Payal Gangwani |   Link |  Bookmark |June 20, 2019 11:10:14 AM
Now showing 59 Abhi to koi chance hi nahi hai uper aane ka
139. KING VINOD |   Link |  Bookmark |June 19, 2019 11:14:47 AM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Lower Circuit now @ 62.30.
132 Lots showing at Lower Circuit price.
139.1. KING VINOD |   Link |  Bookmark |June 19, 2019 1:03:26 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Now Total Quantity 302400 placed @ Lower circuit at 62.30..
Now there is very very less chances for moving upside.
138. RAJAKUMAR |   Link |  Bookmark |June 13, 2019 11:09:35 AM (1400+ Posts, 1200+ Likes)
Dear Small
I0 lot booked loss at discovered price
138.14. shivani |   Link |  Bookmark |June 14, 2019 11:55:13 AM
2 lots
138.15. KING VINOD |   Link |  Bookmark |June 17, 2019 5:25:19 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Discovery Price was 68.50
137. Small Investor |   Link |  Bookmark |June 14, 2019 12:33:39 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Parshva enterprises ltd Bse Sme
Issue price 45 and lot size is 3000
approx 3.65cr Ipo for 810000 eq shares
137.1. MR. KUMAR |   Link |  Bookmark |June 17, 2019 2:04:44 PM
Sabko maalom hai. Completely avoid SME ipo . Otherwise you'll be in heavy loss. See the conditions of Suich industries
136. Small Investor |   Link |  Bookmark |June 14, 2019 12:28:36 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Raja,Dinesh,Priyansh and Shivani ji Are you Apply in Meera FPO
135. shivani |   Link |  Bookmark |June 13, 2019 6:29:01 PM
those who sold today at lc should hv waited. the closing price shows it will rise tomorrow hopefully
135.1. vatsanmb |   Link |  Bookmark |June 14, 2019 11:25:19 AM
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.
134. Darsh ipo |   Link |  Bookmark |June 13, 2019 4:21:28 PM
Dear small...
Closing rate is 71.35 not 67.55
134.1. Small Investor |   Link |  Bookmark |June 13, 2019 5:57:49 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
your are right
133. Priyansh Agrawal |   Link |  Bookmark |June 13, 2019 4:09:55 PM
Dear Rajkumar, Dinesh, small invester sold 1 lot at 71.90 and 1 lot hold
133.1. vatsanmb |   Link |  Bookmark |June 13, 2019 4:36:31 PM
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. ;)
132. Pritesh Chavan |   Link |  Bookmark |June 13, 2019 4:18:04 PM
Closing is 71.35
131. Small Investor |   Link |  Bookmark |June 13, 2019 3:38:26 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Raja,Dinesh,Priyansh i hold yet my allotment
131.1. VKMC |   Link |  Bookmark |June 13, 2019 3:50:41 PM
I sold one lot @ lower circuit and the other one @ upper circuit.
130. true man |   Link |  Bookmark |June 13, 2019 3:20:04 PM
130.1. Small Investor |   Link |  Bookmark |June 13, 2019 3:31:56 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
last trading price 71.90 and closing price is 67.55 end of the day
good moving in last time but closing at 67.55
130.2. Small Investor |   Link |  Bookmark |June 13, 2019 3:33:15 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
pantamath another stock Artaz Feb today LC Circit @ 31 but now 41.75 end of the day
pantamath power back
129. KING VINOD |   Link |  Bookmark |June 13, 2019 3:03:42 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Now trading at cmp 71
128. Small Investor |   Link |  Bookmark |June 13, 2019 2:58:13 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
127. Splendid |   Link |  Bookmark |June 13, 2019 2:46:55 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)