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Sikko Industries IPO is a fixed price issue of ₹5.12 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹5.12 crore.
Sikko Industries IPO bidding started from Apr 5, 2017 and ended on Apr 7, 2017. The shares got listed on NSE SME on Apr 18, 2017.
Sikko Industries IPO price is ₹32.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
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 Sikko Industries IPO RHP for detailed Information.
| IPO Date | April 5, 2017 to April 7, 2017 |
| Listing Date | April 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,00,000 shares (aggregating up to ₹5.12 Cr) |
| Reserved for Market Maker | 80,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2560 Cr) |
| Net Offered to Public | 15,20,000 shares (aggregating up to ₹4.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 56,00,000 shares |
Sikko Industries IPO offers total 16,00,000 shares. Out of which 7,60,000 (47.50%) allocated to NII, 7,60,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 80,000 (5.00%) |
| NII (HNI) Shares Offered | 7,60,000 (47.50%) |
| Retail Shares Offered | 7,60,000 (47.50%) |
| Total Shares Offered | 16,00,000 (100.00%) |
Sikko Industries IPO opens on April 5, 2017, and closes on April 7, 2017.
| IPO Open Date | Wed, Apr 5, 2017 |
| IPO Close Date | Fri, Apr 7, 2017 |
| Tentative Listing Date | Tue, Apr 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 7, 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 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in 1997, Sikko Industries Ltd (SIL) is engaged in manufacturing of Pesticides including organic Pesticides, Fertilizers including organic fertilizer, Spray Pump and
Organic Seeds. Company export their products to South Africa, Lomo Togo, Srilanka and Iran.
Sikko was initially engaged in the manufacturing of "Growth Promoters" and were used as supplements in agriculture by farmers. In the blanket of Growth Promoters various products are sold namely Vakil, Diamond, Vasool, Biomono which are in combination of granules and liquid form. In addition, firm was engaged in assembling of different parts of Spray Pump having Inside and cylinder without bearing. The spray pumps are used by farmers in agriculture to sprey pesticides. In the year 2008 the Company started pesticide unit. During the year 2011 to 2016 added more new products in its basket and also ventured into fertilizer production and started seed division. In addition to manufacturing of pesticides and fertilizer, now SIL is in process of starting up of new project of Bio CNG and BIO Fertilizer for which it has applied to UP State Bio Energy Development Board, Lucknow.
The Company Sikko 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 | Working Capital Requirement | 3.52 |
| 2 | General Corporate Purpose | 1.25 |
| 3 | Public Issue Expenses | 0.35 |
[Dilip Davda] As issue is priced aggressively, only cash surplus risk savvy investors may consider this issue for long term. Read detail review...
| Listing Date | April 18, 2017 |
| BSE Script Code | |
| NSE Symbol | SIKKO |
| ISIN | INE112X01017 |
| Final Issue Price | ₹32 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹34.40 |
| Low | ₹34.10 |
| High | ₹35.50 |
| Last Trade | ₹35.20 |
Sikko Industries Ltd.
508, Iscon Elegance, Nr. Jain Temple,
Nr. Prahladnagar Pick up Stand,
Vejalpur,
Ahmedabad, Gujarat, 380051
Phone: +91-79-6616 8950
Email: compliance@sikkoindia.com
Website: http://www.sikkoindia.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
Sikko Industries IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.12 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on April 5, 2017, and closes on April 7, 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 Sikko Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Sikko Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sikko Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sikko Industries IPO opens on April 5, 2017 and closes on April 7, 2017.
Sikko Industries IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in Sikko 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 Sikko Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sikko Industries IPO allotment status.
The Sikko Industries IPO listing date is on Tuesday, April 18, 2017.
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