Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Wed, Aug 23, 2017 - Mon, Aug 28, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Aug 23, 2017
IPO Close
Mon, Aug 28, 2017
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹13.33 Cr
| IPO Date | 23 to 28 Aug, 2017 |
| Listed on | Tue, Sep 5, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,52,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 72,000 shares Beeline Broking Ltd. (agg. up to ₹0.2160 Cr) |
| Fresh Issue (Ex Market Maker) | 12,80,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 12,80,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 30,90,233 shares |
| Share Holding Post Issue | 44,42,233 shares |
| BSE Script Code | 540693 |
| ISIN | INE145Y01015 |
Shish Industries IPO comprises a total issue size of 13,52,000 shares. The net offer to the public is 12,80,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,40,000 (50.00%) allocated to NII 6,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,40,000 | 50.00% | 47.34% |
| Retail Shares Offered | 6,40,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.33% | |
| Total Shares Offered | 13,52,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | Capital Expenditure | 2.01 |
| 2 | Incremental Working Capital | 0.74 |
| 3 | General Corporate Purpose | 0.95 |
| 4 | Public Issue Expenses | 0.36 |
The Shish Industries IPO is subscribed [.] times on August 28, 2017 5:00:00 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 |
|---|---|---|---|
| NII* | [.] | 6,76,000 | 7,84,000 |
| Retail | [.] | 6,76,000 | 12,68,000 |
| Total | [.] | 13,52,000 | 20,52,000 |
| # | 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. | 0.25 |
| 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 | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹32.00 |
| Low | ₹32.00 |
| High | ₹36.00 |
| Last Trade | ₹32.95 |
Lead Manager Reports
Shish Industries IPO is a SME IPO of 13,52,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Aug 23, 2017, and closes on Mon, Aug 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 Wed, Aug 23, 2017 and closes on Mon, Aug 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 Tue, Sep 5, 2017.
