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Suich Industries IPO is a book built issue of Rs 30.86 crores.
Suich Industries IPO bidding started from May 30, 2019 and ended on June 4, 2019. The allotment for Suich Industries IPO was finalized on Monday, June 10, 2019. The shares got listed on BSE SME on June 13, 2019.
Suich Industries IPO price band is set at ₹73 to ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Suich Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Suich Industries IPO RHP for detailed information.
| IPO Date | May 30, 2019 to June 4, 2019 |
| Listing Date | June 13, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,115,200 shares (aggregating up to ₹30.86 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 11,129,000 |
| Share holding post issue | 15,244,200 |
| Market Maker portion | 208,000 shares |
Suich Industries IPO offers 4,115,200 shares. 1,953,600 (47.47%) to NII, 1,953,600 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 208,000 (5.05%) |
| NII (HNI) Shares Offered | 1,953,600 (47.47%) |
| Retail Shares Offered | 1,953,600 (47.47%) |
| Total Shares Offered | 4,115,200 (100%) |
Suich Industries IPO opens on May 30, 2019, and closes on June 4, 2019.
| IPO Open Date | Thursday, May 30, 2019 |
| IPO Close Date | Tuesday, June 4, 2019 |
| Basis of Allotment | Monday, June 10, 2019 |
| Initiation of Refunds | Tuesday, June 11, 2019 |
| Credit of Shares to Demat | Wednesday, June 12, 2019 |
| Listing Date | Thursday, June 13, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 4, 2019 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| Lot Size Calculator | |||
Promoters Of the Company are Gunnit Singh Allagh and Sanchit Singh.
| Share Holding Pre Issue | 95.50% |
| Share Holding Post Issue | 69.72% |
Incorporated in 2008, Delhi-based Suich Industries Limited was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.
The company imports the equipment and assembling parts from China. It has a manufacturing unit at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar where it assembles the products.
Recently, the company has also entered into exports business for its products. Suich Industries Limited is also involved in the trading activity of finished products between manufacturers and distributors on-demand basis. Blue Wave Trading H.K. Ltd is the wholly owned subsidiary of the company to procure the raw materials. The company has also set up a Research & Development Centre (R&D) focusing on the expansion of the product portfolio.
The competitive strength of the company are:
1. Wide product range
2. Cost-effective procurement
3. Catering to rural areas
4. Pocket-friendly products
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||
| Total Assets | 11,417.98 | 14,042.15 | 7,270.70 | 7,895.58 | |
| Total Revenue | 14,005.73 | 19,978.97 | 14,275.35 | 10,645.95 | |
| Profit After Tax | 1,148.18 | 742.92 | 532.51 | 300.52 | |
The Company proposes to utilise the Net Proceeds from the Issue ("Net Proceeds") towards the following objects:
1. Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the
company;
2. Funding the working capital requirement of the Company; and
3. General corporate purposes
[Dilip Davda]
No doubt issue is priced lucratively. But longer trade receivable period and sustainability of margins in a highly competitive segment are a major concern. Hence cash surplus risk savvy investors may consider long term investment at their own risk.
Read detail review...The Suich Industries IPO is subscribed 1.39 times on June 4, 2019 6:49:03 PM. The public issue subscribed 1.47 times in the retail category, times in the QIB category, and 1.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.32 |
| Retail | 1.47 |
| Total | 1.39 |
| Listing Date | June 13, 2019 |
| BSE Script Code | 542683 |
| NSE Symbol | |
| ISIN | INE00CU01013 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹75.00 |
| ₹68.50 |
| ₹65.10 |
| ₹71.90 |
| ₹71.35 |
Suich Industries Limited
Plot No - 68, 3rd Floor,
Block No. 5 W.E.A,
Naiwala, Karol Bagh New Delhi 110005,
Phone: 011-45607111
Email: info@suichgroup.com
Website: http://www.suichgroup.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: suich.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Suich Industries IPO is a SME IPO of 4,115,200 equity shares of the face value of ₹10 aggregating up to ₹30.86 Crores. The issue is priced at ₹73 to ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on May 30, 2019, and closes on June 4, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Suich Industries IPO opens on May 30, 2019 and closes on June 4, 2019.
Suich Industries IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in Suich 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 Suich Industries IPO will be done on Monday, June 10, 2019, and the allotted shares will be credited to your demat account by Wednesday, June 12, 2019. Check the Suich Industries IPO allotment status.
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RHP
IPO Guru (2500+ Posts, 5400+ Likes)
Top Contributor (300+ Posts, 100+ Likes)
Issue Price 75 and today's price 18.85 that also Lower Circuit with lot of Selling Quantity.
Approximately 75% of Capital Gaya with in less then one and half month.