Shish Industries IPO is a fixed price issue of ₹4.06 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹4.06 crore.
Shish Industries IPO bidding started from Aug 23, 2017 and ended on Aug 28, 2017. The shares got listed on BSE SME on Sep 5, 2017.
Shish Industries IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Shish Industries IPO RHP for detailed Information.
IPO Date | August 23, 2017 to August 28, 2017 |
Listing Date | September 5, 2017 |
Face Value | ₹10 per share |
Issue Price Band | |
Issue Price Final | ₹30 per share |
Lot Size | 4,000 Shares |
Sale Type | Fresh Capital |
Total Issue Size | 13,52,000 shares (aggregating up to ₹4.06 Cr) |
Reserved for Market Maker | 72,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2160 Cr) |
Net Offered to Public | 12,80,000 shares (aggregating up to ₹3.84 Cr) |
Issue Type | Fixed Price IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 30,90,233 shares |
Share Holding Post Issue | 44,42,233 shares |
Shish Industries IPO offers total 13,52,000 shares. Out of which 6,40,000 (47.34%) allocated to NII, 6,40,000 (47.34%) allocated to RII.
Investor Category | Shares Offered |
---|---|
Market Maker Shares Offered | 72,000 (5.33%) |
NII (HNI) Shares Offered | 6,40,000 (47.34%) |
Retail Shares Offered | 6,40,000 (47.34%) |
Total Shares Offered | 13,52,000 (100.00%) |
Shish Industries IPO opens on August 23, 2017, and closes on August 28, 2017.
IPO Open Date | Wed, Aug 23, 2017 |
IPO Close Date | Mon, Aug 28, 2017 |
Tentative Listing Date | Tue, Sep 5, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 28, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
Retail (Max) | 1 | 4,000 | ₹1,20,000 |
HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2014, Shish Industried Ltd (SIL) is engaged in the manufacturing of Plastic Twin wall and Multi wall corrugated sheets.
They are manufacturing Saffguard and Stagguard which are twin wall or Multi Wall Boards made from Plastic resin bought from world's best manufacturer. They manufacture mainly 1.3 meter width corrugated sheets ranging from 2mm to 5mm thickness and 1.6 meter ranging from 2mm to 12mm thickness. They also manufacture Plastic fluted boards which are availiable in various thicknesses and colors ranging from 1.5 mm to 15 mm depending upon the requirement of the client. The Plastic hollow sheet has advantages over craft paper and wood products that it is weather and chemical resistant and will typically last longer, giving long-term cost savings. Their products are available in basic colour i.e. Yellow, Siliver, Blue, White, Black and Grey. However, as per the requirement of clients the facility of customized colors is also provided for bulk orders.
They started exporting its products to various countries viz U.A.E, Myanmar and Oman and also enhance production capacity by installing additional machinery for manufacturing variety of products especially Polypropylene (PP) Corrugated Plastic Rolls which is an extruded 3ply and 5ply (GSM from 275GSM > 1000GSM) fluted PP corrugated plastic sheets consisting of two / multi flat walls connected by vertical ribs. The plastic corrugated sheets are flexible and as well as tough, to use in various industries and application like Construction - Building, Humanitarian Relief, Signage Board, Pet enclosures Packaging, Hobby Applications, Medical, Advertisement etc.
The Company Shish Industries 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 | Capital Expenditure | 2.01 |
2 | Incremental Working Capital | 0.74 |
3 | General Corporate Purpose | 0.95 |
4 | Public Issue Expenses | 0.36 |
[Dilip Davda] There is no harm in giving Shish Industries BSE SME highly priced IPO a miss. Read detail review...
Listing Date | September 5, 2017 |
BSE Script Code | 540693 |
NSE Symbol | |
ISIN | INE145Y01015 |
Final Issue Price | ₹30 per share |
BSE Listing Group | M |
Price Details | BSE SME |
---|---|
Final Issue Price | ₹30.00 |
Open | ₹32.00 |
Low | ₹32.00 |
High | ₹36.00 |
Last Trade | ₹32.95 |
Shish Industries Ltd.
Survey No: 265/ 266, Block No: 290,
Block No.290,B/1 Paiki 1
Pipodara Mangrol , Surat -
Mangrol, Gujarat, 394110
Phone: +91-9826566698
Email: compliance@shishindustries.com
Website: http://www.shishindustries.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shish Industries IPO is a SME IPO of 13,52,000 equity shares of the face value of ₹10 aggregating up to ₹4.06 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on August 23, 2017, and closes on August 28, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Shish Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Shish Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shish Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shish Industries IPO opens on August 23, 2017 and closes on August 28, 2017.
Shish Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Shish Industries 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 Shish Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shish Industries IPO allotment status.
The Shish Industries IPO listing date is on Tuesday, September 5, 2017.
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