Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Wed, Apr 5, 2017 - Fri, Apr 7, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Apr 5, 2017
IPO Close
Fri, Apr 7, 2017
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹17.92 Cr
| IPO Date | 5 to 7 Apr, 2017 |
| Listed on | Tue, Apr 18, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 80,000 shares Beeline Broking Ltd. (agg. up to ₹0.2560 Cr) |
| Fresh Issue (Ex Market Maker) | 15,20,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 15,20,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 56,00,000 shares |
| NSE Symbol | SIKKO |
| ISIN | INE112X01017 |
Sikko Industries IPO comprises a total issue size of 16,00,000 shares. The net offer to the public is 15,20,000 shares, after excluding 80,000 shares allotted on a firm basis. Of the Net offer 7,60,000 (50.00%) allocated to NII 7,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,60,000 | 50.00% | 47.50% |
| Retail Shares Offered | 7,60,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 80,000 | 5.00% | |
| Total Shares Offered | 16,00,000 | 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 | ₹1,28,000 |
| 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.
| 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 Requirement | 3.52 |
| 2 | General Corporate Purpose | 1.25 |
| 3 | Public Issue Expenses | 0.35 |
The Sikko Industries IPO is subscribed [.] times on April 7, 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 |
|---|
| # | 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 | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹34.40 |
| Low | ₹34.10 |
| High | ₹35.50 |
| Last Trade | ₹35.20 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Sikko Industries IPO is a SME IPO of 16,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Apr 5, 2017, and closes on Fri, Apr 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 Wed, Apr 5, 2017 and closes on Fri, Apr 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 Tue, Apr 18, 2017.
