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Suich Industries IPO is a book build issue of ₹30.86 crores. The issue is entirely a fresh issue of 0.41 crore shares of ₹30.86 crore.
Suich Industries IPO bidding started from May 30, 2019 and ended on Jun 4, 2019. The allotment for Suich Industries IPO was finalized on Jun 10, 2019. The shares got listed on BSE SME on Jun 13, 2019.
Suich Industries IPO price band is set at ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,16,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Suich Industries IPO RHP for detailed Information.
| IPO Date | May 30, 2019 to June 4, 2019 |
| Listing Date | June 13, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹73 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 41,15,200 shares (aggregating up to ₹30.86 Cr) |
| Reserved for Market Maker | 2,08,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹1.56 Cr) |
| Net Offered to Public | 39,07,200 shares (aggregating up to ₹29.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,11,29,000 shares |
| Share Holding Post Issue | 1,52,44,200 shares |
Suich Industries IPO offers total 41,15,200 shares. Out of which 19,52,000 (47.43%) allocated to NII, 19,55,200 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,08,000 (5.05%) |
| NII (HNI) Shares Offered | 19,52,000 (47.43%) |
| Retail Shares Offered | 19,55,200 (47.51%) |
| Total Shares Offered | 41,15,200 (100.00%) |
Suich Industries IPO opens on May 30, 2019, and closes on June 4, 2019.
| IPO Open Date | Thu, May 30, 2019 |
| IPO Close Date | Tue, Jun 4, 2019 |
| Tentative Allotment | Mon, Jun 10, 2019 |
| Initiation of Refunds | Tue, Jun 11, 2019 |
| Credit of Shares to Demat | Wed, Jun 12, 2019 |
| Tentative Listing Date | Thu, Jun 13, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 4, 2019 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2008, Delhi-based Suich Industries Limited was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.
The company imports the equipment and assembling parts from China. It has a manufacturing unit at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar where it assembles the products.
Recently, the company has also entered into exports business for its products. Suich Industries Limited is also involved in the trading activity of finished products between manufacturers and distributors on-demand basis. Blue Wave Trading H.K. Ltd is the wholly owned subsidiary of the company to procure the raw materials. The company has also set up a Research & Development Centre (R&D) focusing on the expansion of the product portfolio.
The competitive strength of the company are:
1. Wide product range
2. Cost-effective procurement
3. Catering to rural areas
4. Pocket-friendly products
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 11,417.98 | 14,042.15 | 7,270.70 | 7,895.58 | |
| Total Revenue | 14,005.73 | 19,978.97 | 14,275.35 | 10,645.95 | |
| Profit After Tax | 1,148.18 | 742.92 | 532.51 | 300.52 | |
The Company Suich 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 | Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by our company | 1.13 |
| 2 | Funding the working capital requirement of the Company | 23.50 |
| 3 | General corporate purposes | 2.92 |
[Dilip Davda] <p>No doubt issue is priced lucratively. But longer trade receivable period and sustainability of margins in a highly competitive segment are a major concern. Hence cash surplus risk savvy investors may consider long term investment at their own risk.</p> Read detail review...
| Listing Date | June 13, 2019 |
| BSE Script Code | 542683 |
| NSE Symbol | |
| ISIN | INE00CU01013 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹68.50 |
| Low | ₹65.10 |
| High | ₹71.90 |
| Last Trade | ₹71.35 |
Suich Industries Ltd.
Plot No - 68, 3rd Floor
Block No. 5 W.E.A
Naiwala, Karol Bagh
Delhi, New Delhi, 110005
Phone: 011-45607111
Email: info@suichgroup.com
Website: http://www.suichgroup.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: suich.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Suich Industries IPO is a SME IPO of 41,15,200 equity shares of the face value of ₹10 aggregating up to ₹30.86 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on May 30, 2019, and closes on June 4, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Suich Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Suich Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suich Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suich Industries IPO opens on May 30, 2019 and closes on June 4, 2019.
Suich Industries IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Suich 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 Suich Industries IPO will be done on Monday, June 10, 2019, and the allotted shares will be credited to your demat account by Wednesday, June 12, 2019. Check the Suich Industries IPO allotment status.
The Suich Industries IPO listing date is on Thursday, June 13, 2019.
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