Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Wed, Mar 1, 2017 - Fri, Mar 3, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 1, 2017
IPO Close
Fri, Mar 3, 2017
Issue Price
₹22 per share
Market Cap (Pre-IPO)
₹37.99 Cr
| IPO Date | 1 to 3 Mar, 2017 |
| Listed on | Fri, Mar 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹22 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,66,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 2,34,000 shares Beeline Broking Ltd. (agg. up to ₹0.5148 Cr) |
| Fresh Issue (Ex Market Maker) | 43,32,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 43,32,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 1,27,01,700 shares |
| Share Holding Post Issue | 1,72,67,700 shares |
| NSE Symbol | SANGINITA |
| ISIN | INE753W01010 |
Sanginita Chemicals IPO comprises a total issue size of 45,66,000 shares. The net offer to the public is 43,32,000 shares, after excluding 2,34,000 shares allotted on a firm basis. Of the Net offer 21,66,000 (50.00%) allocated to NII 21,66,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,66,000 | 50.00% | 47.44% |
| Retail Shares Offered | 21,66,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,34,000 | 5.12% | |
| Total Shares Offered | 45,66,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirement | 9.19 |
| 2 | General Corporate Purpose | 0.41 |
| 3 | Public Issue Expenses | 0.45 |
The Sanginita Chemicals IPO is subscribed [.] times on March 3, 2017 5:05:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.35 |
| 2 | Printing & Stationery and Postage Expenses | 0.02 |
| 3 | Marketing and Advertisement Expenses | 0.03 |
| 4 | Regulatory fees and other expenses | 0.05 |
| 5 | Other Miscellaneous expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹22.00 |
| Open | ₹23.00 |
| Low | ₹22.50 |
| High | ₹23.45 |
| Last Trade | ₹22.90 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Sanginita Chemicals IPO is a SME IPO of 45,66,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹22 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Mar 1, 2017, and closes on Fri, Mar 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 Wed, Mar 1, 2017 and closes on Fri, Mar 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 Fri, Mar 10, 2017.
