Samco securities limited

Sorich Foils Limited IPO

Add to Calendar 2018-05-24 12:00 AM 2018-05-28 12:00 AM Asia/Kolkata Sorich Foils Limited IPO Sorich Foils Limited India

Sorich Foils Limited is a Gujarat based company engaged in manufacturing and supplying aluminium foils to different sectors for different purposes. The company has the manufacturing facility in valsad in gujarat. The company has around 38 employees to serve its clients

Date of incorporation: The company was established in 2011 in Gujarat

Promoters of sorich foils limited: Chandrahas Kotian is the sole promoter of the company

Products and services offered: The company offers Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials.

Customer segments: The clients of the company are from Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging segment

Objective of the issue: The objective of the Issue are-
-       Repayment/prepayment of Unsecured Loans availed by the Company; and
-       General corporate purposes.

Company Financials:

Particulars

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

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

1,599.39

1,663.38

1,528.47

959.68

956.16

 

Total Revenue

2,659.08

2,689.88

2,506.66

2,285.93

1,963.30

 

Profit After Tax

32.85

18.86

22.48

20.37

23.96

 

Issue Detail

  • Issue Open: May 24, 2018
  • Issue Close: May 28, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 16 Per Equity Share
  • Bid Lot:8000 Shares
  • Minimum Order Quantity:8000 Shares
  • Listing At: NSE SME
  • Issue Size: Rs 4.00 Cr

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