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Siddhika Coatings IPO is a fixed price issue of Rs 4.70 crores.
Siddhika Coatings IPO bidding started from March 24, 2021 and ended on March 26, 2021. The shares got listed on NSE SME on April 7, 2021.
Siddhika Coatings IPO price is ₹57 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Unistone Capital Pvt Ltd is the book running lead manager of the Siddhika Coatings IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Siddhika Coatings IPO RHP for detailed information.
| IPO Date | March 24, 2021 to March 26, 2021 |
| Listing Date | April 7, 2021 |
| Face Value | ₹10 per share |
| Price | ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 824,000 shares (aggregating up to ₹4.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 2,265,500 |
| Share holding post issue | 3,089,500 |
| Market Maker portion | 42,000 shares |
Siddhika Coatings IPO offers 824,000 shares. 391,000 (47.45%) to NII, 391,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 42,000 (5.10%) |
| Other Shares Offered | 391,000 (47.45%) |
| Retail Shares Offered | 391,000 (47.45%) |
| Total Shares Offered | 824,000 (100%) |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
| Lot Size Calculator | |||
Siddhika Business Applications Private Limited is the promoter of the company.
| Share Holding Pre Issue | 83.64% |
| Share Holding Post Issue |
Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (SKK) products and its specialist paint in India. SKK is a Japan-based coatings and pigments manufacturer, and being a strategic channel partner of SKK, Siddhika Coatings Ltd is engaged in the business of supplying Architectural Coatings Supplies & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.
It supplies products to real estate developers, government and private entities i.e. IT companies, hospitality leaders, business park developers, and various eminent architects in India. It has successfully completed 160+ projects across 11 states in India over the last 3 calendar years. It is serving its customers through its branches in 11 states of India i.e. Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
Competitive strengths
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 2,142.26 | 2,302.13 | 2,054.86 | 1,535.18 | |
| Total Revenue | 614.65 | 3,041.78 | 3,223.74 | 2,214.65 | |
| Profit After Tax | 19.98 | 295.86 | 351.14 | 256.44 | |
[Dilip Davda] SCL has posted good earnings despite all odds for the last three fiscals. However, it suffered a severe setback due to pandemic for the first half of the current fiscal. Good back up in the form of free reserves and pricing of the IPO below 1 P/BV augurs well. Its prospects hinge on the restoration of normalcy which will bring back this company on track. The company has good fundamentals. Cash surplus investors may consider an investment with a long term perspective. Read detail review...
The Siddhika Coatings IPO is subscribed 2.60 times on March 26, 2021 5:00:00 PM. The public issue subscribed 2.87 times in the retail category, times in the QIB category, and 2.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.33 |
| Retail | 2.87 |
| Total | 2.60 |
| Listing Date | April 7, 2021 |
| BSE Script Code | |
| NSE Symbol | SIDDHIKA |
| ISIN | INE0A1E01018 |
| Final Issue Price | ₹57 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹57.00 |
| ₹55.00 |
| ₹54.15 |
| ₹58.00 |
| ₹56.95 |
Siddhika Coatings Limited
L-9, Lower Ground Floor Kalkaji,
New Delhi, South Delhi, 110019, India
Phone: +(91)-(11)-41601441
Email: secretarial@siddhika.com
Website: http://www.siddhika.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Siddhika Coatings IPO is a SME IPO of 824,000 equity shares of the face value of ₹10 aggregating up to ₹4.70 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000 Shares.
The IPO opens on March 24, 2021, and closes on March 26, 2021.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Siddhika Coatings IPO using UPI as a payment gateway. Zerodha customers can apply in Siddhika Coatings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Siddhika Coatings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Siddhika Coatings IPO opens on March 24, 2021 and closes on March 26, 2021.
Siddhika Coatings IPO lot size is 2000 Shares, and the minimum amount required is ₹114,000.
You can apply in Siddhika Coatings IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Siddhika Coatings IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Siddhika Coatings IPO allotment status.
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