Siddhika Coatings Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 390,000 (47%) | — | ₹222 Cr |
| Retail | — | 392,000 (48%) | — | ₹223 Cr |
| Market Maker | — | 42,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 824,000 (100%) | — | ₹4,697 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹114,000 |
| Retail (Max) | 13 | 26,000 | ₹1,482,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,596,000 |
| B-HNI (Min) | 67 | 134,000 | ₹7,638,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 615 | 3,042 | 3,224 |
| Profit After Tax | 20 | 296 | 351 |
| Total Assets | 2,142 | 2,302 | 2,055 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Working Capital Requirements – 3.31
- 2 General Corporate Purposes – 0.99
- 3 Issue Expenses – 0.40
Company Overview
Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (SKK) products and its specialist paint in India. SKK is a Japan-based coatings and pigments manufacturer, and being a strategic channel partner of SKK, Siddhika Coatings Ltd is engaged in the business of supplying Architectural Coatings Supplies & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.
It supplies products to real estate developers, government and private entities i.e. IT companies, hospitality leaders, business park developers, and various eminent architects in India. It has successfully completed 160+ projects across 11 states in India over the last 3 calendar years. It is serving its customers through its branches in 11 states of India i.e. Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
Competitive strengths
- India's largest texture paint contract company of SKK brand.
- High-quality assurance.
- Experienced promoters and managers.
- Strong geographical presence with branches all over the country.