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Sanginita Chemicals IPO is a fixed price issue of ₹10.05 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹10.05 crore.
Sanginita Chemicals IPO bidding started from Mar 1, 2017 and ended on Mar 3, 2017. The shares got listed on NSE SME on Mar 10, 2017.
Sanginita Chemicals IPO price is ₹22.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,64,000.
Swastika Investmart Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Sanginita Chemicals IPO RHP for detailed Information.
| IPO Date | March 1, 2017 to March 3, 2017 |
| Listing Date | March 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,66,000 shares (aggregating up to ₹10.05 Cr) |
| Reserved for Market Maker | 2,34,000 shares Beeline Broking Ltd. (aggregating up to ₹0.5148 Cr) |
| Net Offered to Public | 43,32,000 shares (aggregating up to ₹9.53 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,27,01,700 shares |
| Share Holding Post Issue | 1,72,67,700 shares |
Sanginita Chemicals IPO offers total 45,66,000 shares. Out of which 21,66,000 (47.44%) allocated to NII, 21,66,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,34,000 (5.12%) |
| NII (HNI) Shares Offered | 21,66,000 (47.44%) |
| Retail Shares Offered | 21,66,000 (47.44%) |
| Total Shares Offered | 45,66,000 (100.00%) |
Sanginita Chemicals IPO opens on March 1, 2017, and closes on March 3, 2017.
| IPO Open Date | Wed, Mar 1, 2017 |
| IPO Close Date | Fri, Mar 3, 2017 |
| Tentative Listing Date | Fri, Mar 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 3, 2017 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,32,000 |
| Retail (Max) | 1 | 6,000 | ₹1,32,000 |
| HNI (Min) | 2 | 12,000 | ₹2,64,000 |
Incorporate in 2005, Sanginita Chemicals Limited manufactures and exports cuprous chloride, copper sulphate, and cupric chloride. They offers a wide selection of products for the surface coating industry covering decorative and industrial paints, protective coatings, printing inks and adhesives.
Their products are used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, carbon paper, PVC pipe coating industries, etc. They offer tailor-made solutions to their customers to meet their specific requirements.
The Company Sanginita Chemicals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 9.19 |
| 2 | General Corporate Purpose | 0.41 |
| 3 | Public Issue Expenses | 0.45 |
[Dilip Davda] Issue appears to have been priced reasonably. Investors having surplus funds may consider investment for long term. Read detail review...
| Listing Date | March 10, 2017 |
| BSE Script Code | |
| NSE Symbol | SANGINITA |
| ISIN | INE753W01010 |
| Final Issue Price | ₹22 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹23.00 |
| Low | ₹22.50 |
| High | ₹23.45 |
| Last Trade | ₹22.90 |
Sanginita Chemicals Ltd.
301, 3rd Floor,
Shalin Complex,
Sector -11,
Gandhinagar, Gujarat, 382011
Phone: +91-79-23240270
Email: sanginitachemicals@yahoo.com
Website: http://www. sanginitachemicals.co.in
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Sanginita Chemicals IPO is a SME IPO of 45,66,000 equity shares of the face value of ₹10 aggregating up to ₹10.05 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on March 1, 2017, and closes on March 3, 2017.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sanginita Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Sanginita Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sanginita Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sanginita Chemicals IPO opens on March 1, 2017 and closes on March 3, 2017.
Sanginita Chemicals IPO lot size is 6000, and the minimum amount required for application is ₹1,32,000.
You can apply in Sanginita Chemicals IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Sanginita Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sanginita Chemicals IPO allotment status.
The Sanginita Chemicals IPO listing date is on Friday, March 10, 2017.
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