Fixed Price IPO | ₹24 Cr | Listed at BSE SME | Tue, Dec 15, 2015 - Fri, Dec 18, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Dec 15, 2015
IPO Close
Fri, Dec 18, 2015
Issue Price
₹64 per share
Market Cap (Pre-IPO)
₹35.91 Cr
| IPO Date | 15 to 18 Dec, 2015 |
| Listed on | Tue, Dec 29, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹64 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,84,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,92,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 35,92,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 35,92,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 18,27,000 shares |
| Share Holding Post Issue | 56,11,000 shares |
| BSE Script Code | 539526 |
| ISIN | INE452S01017 |
Suncare Traders IPO comprises a total issue size of 37,84,000 shares. The net offer to the public is 35,92,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 17,96,000 (50.00%) allocated to NII 17,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,96,000 | 50.00% | 47.46% |
| Retail Shares Offered | 17,96,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.07% | |
| Total Shares Offered | 37,84,000 | 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 | ₹1,02,400 |
| Retail (Max) | 1 | 1,600 | ₹1,02,400 |
| HNI (Min) | 2 | 3,200 | ₹2,04,800 |
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.
| 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 | To Acquire 50% stake in the Madhav power Private Limited | 22.31 |
| 2 | General Corporate Purpose | 1.41 |
| 3 | Public Issue Expenses | 0.50 |
| KPI | |
|---|---|
| RoNW | 9.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 68.05% | 22.16% |
| Market Cap | ₹35.91 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 | 0.35 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.05 |
| 3 | Advertisement & Marketing Expenses | 0.05 |
| 4 | Regulatory & other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹64.70 |
| Low | ₹63.65 |
| High | ₹64.70 |
| Last Trade | ₹64.40 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
Suncare Traders IPO is a SME IPO of 37,84,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Dec 15, 2015, and closes on Fri, Dec 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 Tue, Dec 15, 2015 and closes on Fri, Dec 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 Tue, Dec 29, 2015.
