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Suncare Traders IPO is a fixed price issue of ₹24.22 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹24.22 crore.
Suncare Traders IPO bidding started from Dec 15, 2015 and ended on Dec 18, 2015. The shares got listed on BSE SME on Dec 29, 2015.
Suncare Traders IPO price is ₹64.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,02,400 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,04,800.
Corporate Strategic Allianz Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Suncare Traders IPO RHP for detailed Information.
| IPO Date | December 15, 2015 to December 18, 2015 |
| Listing Date | December 29, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹64 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,84,000 shares (aggregating up to ₹24.22 Cr) |
| Reserved for Market Maker | 1,92,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.23 Cr) |
| Net Offered to Public | 35,92,000 shares (aggregating up to ₹22.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 18,27,000 shares |
| Share Holding Post Issue | 56,11,000 shares |
Suncare Traders IPO offers total 37,84,000 shares. Out of which 17,96,000 (47.46%) allocated to NII, 17,96,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.07%) |
| NII (HNI) Shares Offered | 17,96,000 (47.46%) |
| Retail Shares Offered | 17,96,000 (47.46%) |
| Total Shares Offered | 37,84,000 (100.00%) |
Suncare Traders IPO opens on December 15, 2015, and closes on December 18, 2015.
| IPO Open Date | Tue, Dec 15, 2015 |
| IPO Close Date | Fri, Dec 18, 2015 |
| Tentative Listing Date | Tue, Dec 29, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 18, 2015 |
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 | ₹1,02,400 |
| Retail (Max) | 1 | 1,600 | ₹1,02,400 |
| HNI (Min) | 2 | 3,200 | ₹2,04,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
incorporated in 1997, Suncare Traders Ltd (SCTL) is in the business of trading into laminates, plywood/MDF. It has exclusive distributorship of Olive brand laminates manufactured by Bloom Dekor Limited.
In the initial year SCTL worked as distributors of laminates, MDF in Gujarat and later on in the year 2009 it started branch at Hyderabad, Jaipur, Chennai, Bhiwandi and Chandigarh. At present, the Company is having its branch at Jaipur for catering the demand of Rajasthan and at Bhiwandi for catering the demand of Maharashtra. The Company trades in laminates with varieties like Olive, Olive Saga, Olive Garden, Post Mail Sheet and Sigma etc.
| KPI | Values |
|---|---|
| RoNW | 9.26% |
The Company Suncare Traders 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 | To Acquire 50% stake in the Madhav power Private Limited | 22.31 |
| 2 | General Corporate Purpose | 1.41 |
| 3 | Public Issue Expenses | 0.50 |
[Dilip Davda] <p>There is no harm in giving this exorbitantly priced offer a miss.</p> Read detail review...
| Listing Date | December 29, 2015 |
| BSE Script Code | 539526 |
| NSE Symbol | |
| ISIN | INE452S01017 |
| Final Issue Price | ₹64 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹64.70 |
| Low | ₹63.65 |
| High | ₹64.70 |
| Last Trade | ₹64.40 |
Suncare Traders Ltd.
7, Shree Shakti Estate,
Behind Milan Complex,
Sarkhej- Sanand Cross Road, Sarkhej
Ahmedabad, Gujarat, 382210
Phone: 079-29096047
Email: bloombazar@yahoo.co.in
Website: http://www.sctl.in
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Suncare Traders IPO is a SME IPO of 37,84,000 equity shares of the face value of ₹10 aggregating up to ₹24.22 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 1600.
The IPO opens on December 15, 2015, and closes on December 18, 2015.
Satellite 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 Suncare Traders IPO using UPI as a payment gateway. Zerodha customers can apply in Suncare Traders IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Suncare Traders IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Suncare Traders IPO opens on December 15, 2015 and closes on December 18, 2015.
Suncare Traders IPO lot size is 1600, and the minimum amount required for application is ₹1,02,400.
You can apply in Suncare Traders 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 Suncare Traders IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Suncare Traders IPO allotment status.
The Suncare Traders IPO listing date is on Tuesday, December 29, 2015.
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