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Sysco Industries IPO is a fixed price issue of ₹2.17 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹2.17 crore.
Sysco Industries IPO bidding started from Mar 31, 2016 and ended on Apr 5, 2016. The shares got listed on BSE SME on Apr 13, 2016.
Sysco Industries IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Sysco Industries IPO RHP for detailed Information.
| IPO Date | March 31, 2016 to April 5, 2016 |
| Listing Date | April 13, 2016 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,70,000 shares (aggregating up to ₹2.17 Cr) |
| Reserved for Market Maker | 1,10,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.1100 Cr) |
| Net Offered to Public | 20,60,000 shares (aggregating up to ₹2.06 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 57,83,700 shares |
| Share Holding Post Issue | 79,53,700 shares |
Sysco IPO offers total 21,70,000 shares. Out of which 10,30,000 (47.47%) allocated to NII, 10,30,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,10,000 (5.07%) |
| NII (HNI) Shares Offered | 10,30,000 (47.47%) |
| Retail Shares Offered | 10,30,000 (47.47%) |
| Total Shares Offered | 21,70,000 (100.00%) |
Sysco Industries IPO opens on March 31, 2016, and closes on April 5, 2016.
| IPO Open Date | Thu, Mar 31, 2016 |
| IPO Close Date | Tue, Apr 5, 2016 |
| Tentative Listing Date | Wed, Apr 13, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 5, 2016 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Sysco Industries Ltd (SIL) that started manufacturing of films and yarns at the primary stage is now in printed laminates for flexible packaging segment. Thus it having two segments, textile industry and packaging industry. SIL products are marketed under the branch 'Sysco'. It caters to the needs of Textile, FMCG, Pharmaceuticals and Food Sector.
The Company Sysco 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 | Working Capital Requirement | 1.76 |
| 2 | Issue Expenses | 0.42 |
[Dilip Davda] This being at par issue from profit making company in textile and flexible packaging, investment may be considered for short to long term rewards. Read detail review...
| Listing Date | April 13, 2016 |
| BSE Script Code | 539842 |
| NSE Symbol | |
| ISIN | INE410U01011 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | M (Rolling) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹12.00 |
| High | ₹12.00 |
| Last Trade | ₹12.00 |
Sysco Industries Ltd.
206/7,
Rajhans Complex,
Ring Road,
Surat, Gujarat, 395002
Phone: +91 26123 37750
Email: mail@syscogroup.in
Website: http://www.syscogroup.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sysco Industries IPO is a SME IPO of 21,70,000 equity shares of the face value of ₹10 aggregating up to ₹2.17 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on March 31, 2016, and closes on April 5, 2016.
Bigshare 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 Sysco Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Sysco Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sysco Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sysco Industries IPO opens on March 31, 2016 and closes on April 5, 2016.
Sysco Industries IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Sysco 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 Sysco Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sysco Industries IPO allotment status.
The Sysco Industries IPO listing date is on Wednesday, April 13, 2016.
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