Sikko Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 760,000 (48%) | — | ₹243 Cr |
| Retail | — | 760,000 (48%) | — | ₹243 Cr |
| Market Maker | — | 80,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 1,600,000 (100%) | — | ₹5,120 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 | 4,000 | ₹128,000 |
| Retail (Max) | 13 | 52,000 | ₹1,664,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,792,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,576,000 |
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
- Working Capital Requirement – 3.52
- General Corporate Purpose – 1.25
- Public Issue Expenses – 0.35
Company Overview
Incorporated in 1997, Sikko Industries Ltd (SIL) is engaged in manufacturing of Pesticides including organic Pesticides, Fertilizers including organic fertilizer, Spray Pump and
Organic Seeds. Company export their products to South Africa, Lomo Togo, Srilanka and Iran.
Sikko was initially engaged in the manufacturing of "Growth Promoters" and were used as supplements in agriculture by farmers. In the blanket of Growth Promoters various products are sold namely Vakil, Diamond, Vasool, Biomono which are in combination of granules and liquid form. In addition, firm was engaged in assembling of different parts of Spray Pump having Inside and cylinder without bearing. The spray pumps are used by farmers in agriculture to sprey pesticides. In the year 2008 the Company started pesticide unit. During the year 2011 to 2016 added more new products in its basket and also ventured into fertilizer production and started seed division. In addition to manufacturing of pesticides and fertilizer, now SIL is in process of starting up of new project of Bio CNG and BIO Fertilizer for which it has applied to UP State Bio Energy Development Board, Lucknow.