Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Mon, Sep 8, 2014 - Wed, Sep 10, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 8, 2014
IPO Close
Wed, Sep 10, 2014
Issue Price
₹12 per share
Market Cap (Pre-IPO)
₹12.31 Cr
| IPO Date | 8 to 10 Sep, 2014 |
| Listed on | Wed, Sep 24, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹12 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,50,000 shares Indo Jatalia Securities Pvt.Ltd. (agg. up to ₹0.1800 Cr) |
| Fresh Issue (Ex Market Maker) | 28,50,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 28,50,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 72,55,092 shares |
| Share Holding Post Issue | 1,02,55,092 shares |
| BSE Script Code | 538667 |
| ISIN | INE785O01019 |
Sirohia & Sons IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,50,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 14,25,000 (50.00%) allocated to NII 14,25,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,25,000 | 50.00% | 47.50% |
| Retail Shares Offered | 14,25,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.00% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Long Term Working Capital | 2.70 |
| 2 | General corporate purpose | 0.40 |
| KPI | |
|---|---|
| RoNW | 0.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 63.8% | 45.13% |
| Market Cap | ₹12.31 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.33 |
| 2 | Printing and distribution of issue stationery | 0.09 |
| 3 | Advertising and marketing expenses | 0.06 |
| 4 | Regulatory fees and other expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹12.00 |
| Open | ₹11.25 |
| Low | ₹11.25 |
| High | ₹11.80 |
| Last Trade | ₹11.80 |
Adroit Corporate Services Pvt.Ltd.
Lead Manager Reports
Sirohia & Sons IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Sep 8, 2014, and closes on Wed, Sep 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 Mon, Sep 8, 2014 and closes on Wed, Sep 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 Wed, Sep 24, 2014.
