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Sirohia & Sons IPO is a fixed price issue of ₹3.60 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹3.60 crore.
Sirohia & Sons IPO bidding started from Sep 8, 2014 and ended on Sep 10, 2014. The shares got listed on BSE SME on Sep 24, 2014.
Sirohia & Sons IPO price is ₹12.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,40,000.
VC Corporate Advisors Pvt.Ltd. is the book running lead manager and Adroit Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Indo Jatalia Securities Pvt.Ltd..
Refer to Sirohia & Sons IPO RHP for detailed Information.
| IPO Date | September 8, 2014 to September 10, 2014 |
| Listing Date | September 24, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹3.60 Cr) |
| Reserved for Market Maker | 1,50,000 shares Indo Jatalia Securities Pvt.Ltd. (aggregating up to ₹0.1800 Cr) |
| Net Offered to Public | 28,50,000 shares (aggregating up to ₹3.42 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 72,55,092 shares |
| Share Holding Post Issue | 1,02,55,092 shares |
Sirohia & Sons IPO offers total 30,00,000 shares. Out of which 14,25,000 (47.50%) allocated to NII, 14,25,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.00%) |
| NII (HNI) Shares Offered | 14,25,000 (47.50%) |
| Retail Shares Offered | 14,25,000 (47.50%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Sirohia & Sons IPO opens on September 8, 2014, and closes on September 10, 2014.
| IPO Open Date | Mon, Sep 8, 2014 |
| IPO Close Date | Wed, Sep 10, 2014 |
| Tentative Listing Date | Wed, Sep 24, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 10, 2014 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,20,000 |
| Retail (Max) | 1 | 10,000 | ₹1,20,000 |
| HNI (Min) | 2 | 20,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1990, Sirohia & Sons is engaged in the business of dealing in fertilizers and pesticides catering primarily to Tea Industry located in the North East region of the Country, particularly the state of Assam and West Bengal. It receives orders of the specific fertilizers and pesticides required by the Tea Estates through its direct marketing and procure them from the manufacturers which are mostly multinational companies like BASF India Limited, Bayer Cropscience India Limited, Biostadt India Limited, DIC India Limited etc,.
Some of the products which the company is deal in includes DELTAMETHREINE, CYPERMETHRIN, BACILLUS, THIACLOPRID and METHOMYL.
| KPI | Values |
|---|---|
| RoNW | 0.61% |
The Company Sirohia & Sons 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 | Long Term Working Capital | 2.70 |
| 2 | General corporate purpose | 0.40 |
| 3 | Issue Expenses | 0.50 |
[Dilip Davda] <p><strong>Avoid</strong></p> <p>(Disclaimer: Author has no plans to invest in this IPO)</p> Read detail review...
| Listing Date | September 24, 2014 |
| BSE Script Code | 538667 |
| NSE Symbol | |
| ISIN | INE785O01019 |
| Final Issue Price | ₹12 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹11.25 |
| Low | ₹11.25 |
| High | ₹11.80 |
| Last Trade | ₹11.80 |
Sirohia & Sons Ltd.
16 Bonfields Lane,
Kolkata, West Bengal, 700001
Phone: +91-33-2242 6141
Email: info@sirohia.com
Website: http://www.sirohia.com
Adroit Corporate Services Pvt.Ltd.
Phone: 91- 22- 2859 6060/2859 4060
Email: surendrag@adroitcorporate.com
Website: http://www.adroitcorporate.com
Sirohia & Sons IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on September 8, 2014, and closes on September 10, 2014.
Adroit Corporate 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 Sirohia & Sons IPO using UPI as a payment gateway. Zerodha customers can apply in Sirohia & Sons IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sirohia & Sons IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sirohia & Sons IPO opens on September 8, 2014 and closes on September 10, 2014.
Sirohia & Sons IPO lot size is 10000, and the minimum amount required for application is ₹1,20,000.
You can apply in Sirohia & Sons 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 Sirohia & Sons IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sirohia & Sons IPO allotment status.
The Sirohia & Sons IPO listing date is on Wednesday, September 24, 2014.
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