Bookbuilding IPO | ₹31 Cr | Listed at BSE SME | Thu, May 30, 2019 - Tue, Jun 4, 2019
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, May 30, 2019
IPO Close
Tue, Jun 4, 2019
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹114.33 Cr
| IPO Date | 30 May to 4 Jun, 2019 |
| Listed on | Thu, Jun 13, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 41,15,200 shares (agg. up to ₹31 Cr) |
| Reserved for Market Maker | 2,08,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 39,07,200 shares (agg. up to ₹29 Cr) |
| Net Offered to Public | 39,07,200 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 1,11,29,000 shares |
| Share Holding Post Issue | 1,52,44,200 shares |
| BSE Script Code | 542683 |
| ISIN | INE00CU01013 |
Suich Industries IPO comprises a total issue size of 41,15,200 shares. The net offer to the public is 39,07,200 shares, after excluding 2,08,000 shares allotted on a firm basis. Of the Net offer 19,52,000 (49.96%) allocated to NII 19,55,200 (50.04%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 19,52,000 | 49.96% | 47.43% |
| Retail Shares Offered | 19,55,200 | 50.04% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,08,000 | 5.05% | |
| Total Shares Offered | 41,15,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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
| 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 | 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 |
The Suich Industries IPO is subscribed 1.39 times on June 4, 2019 6:49:03 PM (Day 4). The public issue subscribed 1.47 times in the retail category, [.] times in the QIB category, and 1.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.32 | 19,53,600 | 25,69,600 |
| Retail | 1.47 | 19,53,600 | 28,65,600 |
| Total | 1.39 | 39,07,200 | 54,35,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 3.01 |
| 2 | Advertising and marketing expenses | 0.09 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.01 |
| 4 | Fees payable to the Registrar to the Issue | 0.01 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.04 |
| 6 | Printing and distribution of Issue stationary | 0.01 |
| 7 | Brokerage and selling commission payable to Syndicate | 0.06 |
| 8 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 10 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them | |
| 11 | Others (bankers to the Issue, auditor’s fees etc.) | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹68.50 |
| Low | ₹65.10 |
| High | ₹71.90 |
| Last Trade | ₹71.35 |
Lead Manager Reports
Suich Industries IPO is a SME IPO of 41,15,200 equity shares of the face value of ₹10 aggregating up to ₹31 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Thu, May 30, 2019, and closes on Tue, Jun 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 Thu, May 30, 2019 and closes on Tue, Jun 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 Wed, Jun 12, 2019. Check the Suich Industries IPO allotment status.
The Suich Industries IPO listing date is on Thu, Jun 13, 2019.
