Suncare Traders Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,796,000 (47%) | — | ₹1,149 Cr |
| Retail | — | 1,796,000 (47%) | — | ₹1,149 Cr |
| Market Maker | — | 192,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 3,784,000 (100%) | — | ₹24,218 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 | ₹102,400 |
| Retail (Max) | 13 | 20,800 | ₹1,331,200 |
| S-HNI (Min) | 14 | 22,400 | ₹1,433,600 |
| B-HNI (Min) | 67 | 107,200 | ₹6,860,800 |
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 To Acquire 50% stake in the Madhav power Private Limited – 22.31
- 2 General Corporate Purpose – 1.41
- 3 Public Issue Expenses – 0.50
Company Overview
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.