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Suncare Traders IPO is a fixed price issue of Rs 24.22 crores.
Suncare Traders IPO bidding started from December 15, 2015 and ended on December 18, 2015. The shares got listed on BSE SME on December 29, 2015.
Suncare Traders IPO price is ₹64 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹102,400.
Corporate Strategic Allianz Ltd is the book running lead manager of the Suncare Traders IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to Suncare Traders IPO RHP for detailed information.
| IPO Date | December 15, 2015 to December 18, 2015 |
| Listing Date | December 29, 2015 |
| Face Value | ₹10 per share |
| Price | ₹64 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,784,000 shares (aggregating up to ₹24.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,827,000 |
| Share holding post issue | 5,611,000 |
| Market Maker portion | 192,000 shares |
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 | ₹102,400 |
| Retail (Max) | 1 | 1600 | ₹102,400 |
| Lot Size Calculator | |||
The promoters of the company are:
Corporate Promoter:
1. Karan Interiors Limited
| Share Holding Pre Issue | 68.05% |
| Share Holding Post Issue | 22.16% |
incorporated in 1997, Suncare Traders Ltd (SCTL) is in the business of trading into laminates, plywood/MDF. It has exclusive distributorship of Olive brand laminates manufactured by Bloom Dekor Limited.
In the initial year SCTL worked as distributors of laminates, MDF in Gujarat and later on in the year 2009 it started branch at Hyderabad, Jaipur, Chennai, Bhiwandi and Chandigarh. At present, the Company is having its branch at Jaipur for catering the demand of Rajasthan and at Bhiwandi for catering the demand of Maharashtra. The Company trades in laminates with varieties like Olive, Olive Saga, Olive Garden, Post Mail Sheet and Sigma etc.
| KPI | Values |
|---|---|
| RoNW | 9.26% |
The objects of this Issue are:
1. To invest in a joint venture by acquiring 50% stake in Madhav Power Private Limited;
2. To Invest in a joint venture by providing debt of Rs 500.00 lacs to Madhav Power Private Limited (MPPL);
3. General Corporate Purpose;
4. Public Issue expenses.
[Dilip Davda]
There is no harm in giving this exorbitantly priced offer a miss.
Read detail review...
| Listing Date | December 29, 2015 |
| BSE Script Code | 539526 |
| NSE Symbol | |
| ISIN | INE452S01017 |
| Final Issue Price | ₹64 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹64.00 |
| ₹64.70 |
| ₹63.65 |
| ₹64.70 |
| ₹64.40 |
Suncare Traders Ltd
7, Shree Shakti Estate,
Behind Milan Complex,
Sarkhej- Sanand Cross Road, Sarkhej- Ahmedabad
Phone: 079-29096047
Email: bloombazar@yahoo.co.in
Website: http://www.sctl.in
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
SME Company Owners
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Suncare Traders IPO is a SME IPO of 3,784,000 equity shares of the face value of ₹10 aggregating up to ₹24.22 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 1600 Shares.
The IPO opens on December 15, 2015, and closes on December 18, 2015.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Suncare Traders IPO opens on December 15, 2015 and closes on December 18, 2015.
Suncare Traders IPO lot size is 1600 Shares, and the minimum amount required is ₹102,400.
You can apply in Suncare Traders 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 Suncare Traders IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Suncare Traders IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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