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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

IPO Opening Date May 30, 2019
IPO Closing Date Jun 4, 2019
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹73 to ₹75 per equity share
Market Lot 1600 Shares
Min Order Quantity 1600 Shares
Listing At BSE SME
Issue Size4,115,200 Eq Shares of ₹10
(aggregating up to ₹30.86 Cr)

Suich Industries IPO Tentative Timetable

The Suich Industries IPO open date is May 30, 2019, and the close date is Jun 4, 2019. The issue may list on Jun 13, 2019.

IPO Open Date May 30, 2019
IPO Close Date Jun 4, 2019
Basis of Allotment Date Jun 10, 2019
Initiation of Refunds Jun 11, 2019
Credit of Shares to Demat Account Jun 12, 2019
IPO Listing Date Jun 13, 2019

Suich Industries IPO Lot Size

The Suich Industries IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1600 ₹120,000
Maximum 1 1600 ₹120,000

Suich Industries IPO Promoter Holding

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

Suich Industries IPO Review

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 6/4/2019 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)
NII1.32
Retail1.47
Total1.39

Suich Industries IPO Prospectus

Suich Industries IPO Rating

128
3.7
Rating:Rated 3.7 stars
Vote Here ...

Suich Industries IPO Listing Date

Listing Date Thursday, June 13, 2019
BSE Script Code 542683
NSE Symbol
Listing In MT Group of Securities
ISIN INE00CU01013
IPO Price ₹75 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹75.00
₹68.50
₹65.10
₹71.90
₹71.35

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

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

Suich Industries IPO Reviews / Ratings

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 equity share. The minimum order quantity is 1600 Shares.

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

Suich Industries IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Suich Industries IPO will be done on Jun 10, 2019, and the allotted shares will be credited to your demat account by Jun 12, 2019. Check the Suich Industries IPO allotment status.

The Suich Industries IPO listing date is on Thursday, June 13, 2019.

Suich Industries IPO Message Board

Ranked Members  Ranked Members

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293 Comments

146. KING VINOD |Aug 5, 2019 10:57:05 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ 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 |Jul 26, 2019 11:40:16 AM
Pathetic very disappointed 29 rps .Very disgusting results..
144. deepcdsl |Jun 27, 2019 8:21:41 PM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
Low..low...lower ...and lower day by day...very good graph...
144.1. deepcdsl |Jul 9, 2019 7:44:26 AM
IPO Mentor IPO Mentor (800+ Posts, 800+ Likes)
It's going for deap drive...very good graph...
143. MR. KUMAR |Jun 26, 2019 1:17:21 PM
SME ipo se door raho.
142. KING VINOD |Jun 26, 2019 1:35:08 AM
IPO Guru IPO Guru (1400+ Posts, 3100+ 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 |Jun 26, 2019 1:31:15 AM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
SUICH INDUSTRIES LOWER CIRCUIT TODAY @ 51.50.
140. Payal Gangwani |Jun 20, 2019 12:10:14 PM
Now showing 59 Abhi to koi chance hi nahi hai uper aane ka
139. KING VINOD |Jun 19, 2019 12:14:47 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
Lower Circuit now @ 62.30.
132 Lots showing at Lower Circuit price.
139.1. KING VINOD |Jun 19, 2019 2:03:26 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
Now Total Quantity 302400 placed @ Lower circuit at 62.30..
Now there is very very less chances for moving upside.
138. RAJAKUMAR |Jun 13, 2019 12:09:35 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Dear Small
I0 lot booked loss at discovered price
138.14. shivani |Jun 14, 2019 12:55:13 PM
#smallinvestor
2 lots
138.15. KING VINOD |Jun 17, 2019 6:25:19 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
Discovery Price was 68.50
137. Small Investor |Jun 14, 2019 1:33:39 PM
IPO Guru IPO Guru (1500+ Posts, 800+ 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 |Jun 17, 2019 3:04:44 PM
Sabko maalom hai. Completely avoid SME ipo . Otherwise you'll be in heavy loss. See the conditions of Suich industries
136. Small Investor |Jun 14, 2019 1:28:36 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Dear Raja,Dinesh,Priyansh and Shivani ji Are you Apply in Meera FPO
135. shivani |Jun 13, 2019 7:29:01 PM
those who sold today at lc should hv waited. the closing price shows it will rise tomorrow hopefully
135.1. vatsanmb |Jun 14, 2019 12:25:19 PM
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 |Jun 13, 2019 5:21:28 PM
Dear small...
Closing rate is 71.35 not 67.55
134.1. Small Investor |Jun 13, 2019 6:57:49 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
your are right
133. Priyansh Agrawal |Jun 13, 2019 5:09:55 PM
Dear Rajkumar, Dinesh, small invester sold 1 lot at 71.90 and 1 lot hold
133.1. vatsanmb |Jun 13, 2019 5:36:31 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 |Jun 13, 2019 5:18:04 PM
Closing is 71.35
131. Small Investor |Jun 13, 2019 4:38:26 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
Dear Raja,Dinesh,Priyansh i hold yet my allotment
131.1. VKMC |Jun 13, 2019 4:50:41 PM
I sold one lot @ lower circuit and the other one @ upper circuit.
130. true man |Jun 13, 2019 4:20:04 PM
GOING TOWARDS 100 SOON
130.1. Small Investor |Jun 13, 2019 4:31:56 PM
IPO Guru IPO Guru (1500+ Posts, 800+ 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 |Jun 13, 2019 4:33:15 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
pantamath another stock Artaz Feb today LC Circit @ 31 but now 41.75 end of the day
pantamath power back
129. KING VINOD |Jun 13, 2019 4:03:42 PM
IPO Guru IPO Guru (1400+ Posts, 3100+ Likes)
Now trading at cmp 71
128. Small Investor |Jun 13, 2019 3:58:13 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
whhhhhhhaaaa
127. Splendid |Jun 13, 2019 3:46:55 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
UPPER CIRCUIT