Suich Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,952,000 (47%) | — | ₹1,464 Cr |
| Retail | — | 1,955,200 (48%) | — | ₹1,466 Cr |
| Market Maker | — | 208,000 (5%) | — | ₹16 Cr |
| Σ Total | — | 4,115,200 (100%) | — | ₹30,864 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 | 1,600 | ₹120,000 |
| Retail (Max) | 13 | 20,800 | ₹1,560,000 |
| S-HNI (Min) | 14 | 22,400 | ₹1,680,000 |
| B-HNI (Min) | 67 | 107,200 | ₹8,040,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Dec-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 14,006 | 19,979 | 14,275 |
| Profit After Tax | 1,148 | 743 | 533 |
| Total Assets | 11,418 | 14,042 | 7,271 |
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 Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by our company – 1.13
- 2 Funding the working capital requirement of the Company – 23.50
- 3 General corporate purposes – 2.92
Company Overview
Incorporated in 2008, Delhi-based Suich Industries Limited was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.
The company imports the equipment and assembling parts from China. It has a manufacturing unit at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar where it assembles the products.
Recently, the company has also entered into exports business for its products. Suich Industries Limited is also involved in the trading activity of finished products between manufacturers and distributors on-demand basis. Blue Wave Trading H.K. Ltd is the wholly owned subsidiary of the company to procure the raw materials. The company has also set up a Research & Development Centre (R&D) focusing on the expansion of the product portfolio.
The competitive strength of the company are:
1. Wide product range
2. Cost-effective procurement
3. Catering to rural areas
4. Pocket-friendly products