Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Mar 24, 2021 - Fri, Mar 26, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 24, 2021
IPO Close
Fri, Mar 26, 2021
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹17.61 Cr
| IPO Date | 24 to 26 Mar, 2021 |
| Listed on | Wed, Apr 7, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 8,24,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 42,000 shares Rikhav Securities Ltd. (agg. up to ₹0.2394 Cr) |
| Fresh Issue (Ex Market Maker) | 7,82,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 7,82,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 22,65,500 shares |
| Share Holding Post Issue | 30,89,500 shares |
| NSE Symbol | SIDDHIKA |
| ISIN | INE0A1E01018 |
Siddhika Coatings IPO comprises a total issue size of 8,24,000 shares. The net offer to the public is 7,82,000 shares, after excluding 42,000 shares allotted on a firm basis. Of the Net offer 3,90,000 (49.87%) allocated to NII 3,92,000 (50.13%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,90,000 | 49.87% | 47.33% |
| Retail Shares Offered | 3,92,000 | 50.13% | 47.57% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,000 | 5.10% | |
| Total Shares Offered | 8,24,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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
| 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 Requirements | 3.31 |
| 2 | General Corporate Purposes | 0.99 |
| 3 | Issue Expenses | 0.40 |
The Siddhika Coatings IPO is subscribed 2.6 times on March 26, 2021 5:00:00 PM (Day 3). The public issue subscribed 2.87 times in the retail category, [.] times in the QIB category, and 2.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.33 | 3,91,000 | 9,10,000 |
| Retail | 2.87 | 3,91,000 | 11,22,000 |
| Total | 2.6 | 7,82,000 | 20,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Underwriting commission, brokerage and selling commission (including Commission/ processing fees for SCSBs, Sponsor Bank, Members of the Syndicate, Registered Brokers, RTAs and CDPs | 0.03 |
| 2 | Issue relating expenses such as fees to Lead manager Fixed Fee, Registrar to the Issue Legal Advisors, Auditors, Consultants, Paper Advertisements and other expenses incurred/ to be incurred including promotional expenses | 0.32 |
| 3 | Listing fees, Stock Exchange processing/ listing fees, software fees, Depositories’ fees and other regulatory expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹55.00 |
| Low | ₹54.15 |
| High | ₹58.00 |
| Last Trade | ₹56.95 |
Lead Manager Reports
Siddhika Coatings IPO is a SME IPO of 8,24,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Mar 24, 2021, and closes on Fri, Mar 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 Wed, Mar 24, 2021 and closes on Fri, Mar 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 Wed, Apr 7, 2021.
