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Siddhika Coatings IPO is a fixed price issue of ₹4.70 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹4.70 crore.
Siddhika Coatings IPO bidding started from Mar 24, 2021 and ended on Mar 26, 2021. The shares got listed on NSE SME on Apr 7, 2021.
Siddhika Coatings IPO price is ₹57.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
Unistone Capital Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Siddhika Coatings IPO RHP for detailed Information.
| IPO Date | March 24, 2021 to March 26, 2021 |
| Listing Date | April 7, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 8,24,000 shares (aggregating up to ₹4.70 Cr) |
| Reserved for Market Maker | 42,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.2394 Cr) |
| Net Offered to Public | 7,82,000 shares (aggregating up to ₹4.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 22,65,500 shares |
| Share Holding Post Issue | 30,89,500 shares |
Siddhika Coatings IPO offers total 8,24,000 shares. Out of which 3,90,000 (47.33%) allocated to NII, 3,92,000 (47.57%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,000 (5.10%) |
| NII (HNI) Shares Offered | 3,90,000 (47.33%) |
| Retail Shares Offered | 3,92,000 (47.57%) |
| Total Shares Offered | 8,24,000 (100.00%) |
Siddhika Coatings IPO opens on March 24, 2021, and closes on March 26, 2021.
| IPO Open Date | Wed, Mar 24, 2021 |
| IPO Close Date | Fri, Mar 26, 2021 |
| Tentative Listing Date | Wed, Apr 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 26, 2021 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (SKK) products and its specialist paint in India. SKK is a Japan-based coatings and pigments manufacturer, and being a strategic channel partner of SKK, Siddhika Coatings Ltd is engaged in the business of supplying Architectural Coatings Supplies & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.
It supplies products to real estate developers, government and private entities i.e. IT companies, hospitality leaders, business park developers, and various eminent architects in India. It has successfully completed 160+ projects across 11 states in India over the last 3 calendar years. It is serving its customers through its branches in 11 states of India i.e. Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 2,142.26 | 2,302.13 | 2,054.86 | 1,535.18 | |
| Total Revenue | 614.65 | 3,041.78 | 3,223.74 | 2,214.65 | |
| Profit After Tax | 19.98 | 295.86 | 351.14 | 256.44 | |
The Company Siddhika Coatings 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 Requirements | 3.31 |
| 2 | General Corporate Purposes | 0.99 |
| 3 | Issue Expenses | 0.40 |
[Dilip Davda] SCL has posted good earnings despite all odds for the last three fiscals. However, it suffered a severe setback due to pandemic for the first half of the current fiscal. Good back up in the form of free reserves and pricing of the IPO below 1 P/BV augurs well. Its prospects hinge on the restoration of normalcy which will bring back this company on track. The company has good fundamentals. Cash surplus investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | April 7, 2021 |
| BSE Script Code | |
| NSE Symbol | SIDDHIKA |
| ISIN | INE0A1E01018 |
| Final Issue Price | ₹57 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹55.00 |
| Low | ₹54.15 |
| High | ₹58.00 |
| Last Trade | ₹56.95 |
Siddhika Coatings Ltd.
L-9,
Lower Ground Floor Kalkaji,
South Delhi,
Delhi, New Delhi, 110019
Phone: +(91)-(11)-41601441
Email: secretarial@siddhika.com
Website: http://www.siddhika.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Siddhika Coatings IPO is a SME IPO of 8,24,000 equity shares of the face value of ₹10 aggregating up to ₹4.70 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on March 24, 2021, and closes on March 26, 2021.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Siddhika Coatings IPO using UPI as a payment gateway. Zerodha customers can apply in Siddhika Coatings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Siddhika Coatings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Siddhika Coatings IPO opens on March 24, 2021 and closes on March 26, 2021.
Siddhika Coatings IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in Siddhika Coatings 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 Siddhika Coatings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Siddhika Coatings IPO allotment status.
The Siddhika Coatings IPO listing date is on Wednesday, April 7, 2021.
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