Samco securities limited

Suich Industries Limited IPO

Add to Calendar 2019-05-30 12:00 AM 2019-06-04 12:00 AM Asia/Kolkata Suich Industries Limited IPO Suich Industries Limited India

Company Info:

The company was previously known as Delhi Fone N Batteries Limited, it assembles and markets the feature and smartphones, chargers, batteries, power bank, LED, TV  and Smart TV in the brand name of Suich.

The company imports the assembling parts and equipment's from China .Recently, the company has also started with the exports business for its products. Between the manufacturers and distributors on demand basis.

Date of Incorporation:

Delhi based Suich industries was incorporated in the year 2008.

Promoters of the company:

The Promoters of this company are Gunnit Singh Allagh and Sanchit Allagh.

Strengths of the company:

  1. Wide range of pocket friendly products available:

    The company has wide range of products ranging from mobile accessories to mobile phones to LED and Smart TVs. Their wide offerings have aided the company to create a brand image and establish a wide distributorship network

    2. Experienced Management and employee:

The promoters of the company have more than a decade of experience in the consumer electronics segment. The management has developed cordial relationships with suppliers and customers and has a wide distributorship network over the years.

  1. It caters the niche segment:

The company has always aimed to cater the rural areas and Tier -2 and Tier-3 cities in Northern parts of the country, as people in that part of the country prefer to purchase devices which are affordable and pocket-friendly.

  1. It is a cost effective procurement:

The company imports materials from China, has local connect which helps them to procure materials and equipment from quality vendors at reasonable price and terms, places bulk orders with the vendors and take delivery of the same, this helps in continuous supply and procurement at reasonable price.

  1. Tax incentives:

The company has got certain tax incentives in the form of GST refund, lower custom duty and Income tax exemption. The government of India provided these tax incentives for boosting the manufacturing activities.

  1. Women empowerment:

The company believes that women should participate fully in the economic growth across all sectors thereby improving the quality of life for women, men, families and entire communities.

Objective of the company:

  1. Repayment/ prepayment of certain unsecured loans availed from banks and financial institutions by the company.

  2. Funding the working capital requirement of the Company

  3. For general corporate purposes

Products offered by the company:

Mobile/Cellular Phones, its Batteries and accessories, Power Bank, Mobile Charger, Telephone apparatus. Transmission equipment's, Telecom Equipment's, Mobile Communication System, Paging System, Cordless Telephone, Electronic push button telephones, Features phones, Key telephone system and all other its spare parts, accessories, components and ancillaries, LED TV and Electronic Home Appliances, Consumer durables, Electrical Appliances, Electronic Appliances, and all other electrical products.

Clients/ Customers of the company: Manufacturers, assemblers, purchasers, seller, retailer, wholesalers, exporters, importers, commission agent, distributors

Company Financials:





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Issue Detail

  • Issue Open: May 30, 2019
  • Issue Close: Jun 04, 2019
  • Issue Type: Book Build Issue IPO
  • Face Value: Rs 10 per equity share
  • Price Band: Rs 73-75 Per Equity Share
  • Bid Lot:1600 Shares
  • Minimum Order Quantity:1600 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 30.86 Cr

Current Bidding Status

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