Sirca Paints India Limited IPO

Add to Calendar 2018-05-16 12:00 AM 2018-05-22 12:00 AM Asia/Kolkata Sirca Paints India Limited IPO Sirca Paints India Limited India

Sirca Paints India Limited is a Delhi based marketing and trading company engaged in distribution of paints and allied products. Sirca paints was the first company to launch wood filler and to maintain the operations it had launched company owned branches in mumbai and chennai. The company 128+ full-time employees to carry out overall operations.

Date of establishment: The company was incorporated in 2006 in Delhi

Promoters of Sirca Paints India Limited: Mr. Sanjay Agarwal, Mr. Apoorv Agarwal, and Mr. Gurjit Singh Bains are the promoters of Sirca paints

Products and Services Offered: Sirca paints procures products from Sirca Spa of Italy and then it sells the products through its distributors present across the country. Company also acquires many products from India based suppliers and then it sells the acquired products in India.

Customer Segments: The company distributes the acquired products in India and has got the exclusive rights to promote the sale in Sri lanka, Bangladesh and Nepal.    

Objects of the Issue: The Objects of the Issue are-

-      To finance the expenditure of Site/Plant Development and Purchase of Plant and Machinery
-      To meet the incremental working capital requirements of the Company;
-      To meet General corporate purposes;
-      To meet the expenses of the Issue.

Company Financials:

Particulars

For the year/period ended (in Rs. Millions)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

6,131.25

4,507.57

3,341.52

2,910.05

2,173.65

 

Total Revenue

8,434.17

7,266.09

6,976.85

5,408.00

3,402.29

 

Profit After Tax

1,370.34

727.62

617.88

197.11

50.40

 

Issue Detail

  • Issue Open: May 16, 2018
  • Issue Close: May 22, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 151 - Rs 160 Per Equity Share
  • Bid Lot:800 Shares
  • Minimum Order Quantity:800 Shares
  • Listing At: NSE SME
  • Issue Size: • 4,870,000 Equity Shares of Rs 10 aggregating up to Rs 77.92 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 160.00
Open - Rs 162.00
Low - Rs 157.00
High - Rs 165.00
Last Trade - 164.80
Volume - 1,563,200

Sirca Paints India Limited User Rating

Votes
0

Sirca Paints India Limited Life IPO Reviews

Sirca Paints India Limited IPO News & Updates

Frequently Asked Questions

Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker

Comments

Start IPO Trading through SAMCO

Don't have a Trading Account !!!
Open an account with Samco and Do IPO Trading for Just Rs 20. For more details, share your contact details with us