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Sikko Industries IPO is a fixed price issue of Rs 5.12 crores.
Sikko Industries IPO bidding started from April 5, 2017 and ended on April 7, 2017. The shares got listed on NSE SME on April 18, 2017.
Sikko Industries IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Swastika Investmart Ltd is the book running lead manager of the Sikko Industries IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Sikko Industries IPO RHP for detailed information.
| IPO Date | April 5, 2017 to April 7, 2017 |
| Listing Date | April 18, 2017 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,600,000 shares (aggregating up to ₹5.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,000,000 |
| Share holding post issue | 5,600,000 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
Incorporated in 1997, Sikko Industries Ltd (SIL) is engaged in manufacturing of Pesticides including organic Pesticides, Fertilizers including organic fertilizer, Spray Pump and
Organic Seeds. Company export their products to South Africa, Lomo Togo, Srilanka and Iran.
Sikko was initially engaged in the manufacturing of "Growth Promoters" and were used as supplements in agriculture by farmers. In the blanket of Growth Promoters various products are sold namely Vakil, Diamond, Vasool, Biomono which are in combination of granules and liquid form. In addition, firm was engaged in assembling of different parts of Spray Pump having Inside and cylinder without bearing. The spray pumps are used by farmers in agriculture to sprey pesticides. In the year 2008 the Company started pesticide unit. During the year 2011 to 2016 added more new products in its basket and also ventured into fertilizer production and started seed division. In addition to manufacturing of pesticides and fertilizer, now SIL is in process of starting up of new project of Bio CNG and BIO Fertilizer for which it has applied to UP State Bio Energy Development Board, Lucknow.
The objects of the Issue are:
1. Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.
[Dilip Davda] As issue is priced aggressively, only cash surplus risk savvy investors may consider this issue for long term. Read detail review...
The Sikko Industries IPO is subscribed times on April 7, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | April 18, 2017 |
| BSE Script Code | |
| NSE Symbol | SIKKO |
| ISIN | INE112X01017 |
| Final Issue Price | ₹32 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹32.00 |
| ₹34.40 |
| ₹34.10 |
| ₹35.50 |
| ₹35.20 |
Sikko Industries Ltd
508, Iscon Elegance, Nr. Jain Temple,
Nr. Prahladnagar Pick up Stand,
Vejalpur, Ahmedabad – 380051
Phone: +91-79-6616 8950
Email: compliance@sikkoindia.com
Website: http://www.sikkoindia.com
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Sikko Industries IPO is a SME IPO of 1,600,000 equity shares of the face value of ₹10 aggregating up to ₹5.12 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on April 5, 2017, and closes on April 7, 2017.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Sikko Industries IPO opens on April 5, 2017 and closes on April 7, 2017.
Sikko Industries IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
You can apply in Sikko Industries 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 Sikko Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sikko Industries IPO allotment status.
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