The Sirca Paints date has been confirmed from May 16, 2018 and ended on May 22, 2018. Read the post to learn about Sirca Paints IPO GMP.
Sirca Paints Developers IPO is a fixed price issue of Rs 77.92 crores. The price band is set at ₹151 to ₹160 per share. 800 shares is the minimum lot size required for an application.. Retail investors are required to invest a minimum of ₹128,000.
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Key Details Of Sirca Paints IPO:
Bidding Dates
May 16-22
Price Range
₹151 to ₹160 per share
Face Value
₹10 per share
GMP
₹409.85
Sirca Paints IPO GMP
The Sirca Paints IPO GMP Today is ₹409.85.
Sirca Paints IPO Overview
In book-built Sirca Paints IPO, enterprise value is evaluated at Rs.77.92 crores. The bidding for the IPO of Sirca Paints was open from May 16 to May 22, 2018. The shares were listed NSE SME platform on May 30, 2018. The initial public offering pricing range of Sirca Paints’ IPO is indicated at 151 to 160 per share. Retail investors must make a minimum investment of ₹128,000.
It has entered into a Manufacturing License Agreement with SIRCA S.P.A. Italy for manufacturing the following products in India, under the mark “SIRCA“.
- Paints NC;
- Paints AC;
- Thinner;
- Polyurethane Products.
The company has 128 employees on its payroll.
Sirca Paints IPO Details
| IPO Date | May 16, 2018 to May 22, 2018 |
| Listing Date | May 30, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹151 to ₹160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 4,870,000 shares (aggregating up to ₹77.92 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 244,000 shares |
Sirca Paints Company Financials
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 6,131.25 | 4,507.57 | 3,341.52 | 2,910.05 | 2,173.65 | |
| Total Revenue | 8,434.17 | 7,266.09 | 6,976.85 | 5,408.00 | 3,402.29 | |
| Profit After Tax | 1,370.34 | 727.62 | 617.88 | 197.11 | 50.40 | |
Sirca Paints IPO Listing Details
| Listing Date | May 30, 2018 |
| BSE Script Code | |
| NSE Symbol | SIRCA |
| ISIN | INE792Z01011 |
| Final Issue Price | ₹160 per share |
Company Profile
Headquartered in Delhi, Sirca Paints India Limited was established in 2017 and operates as a paint and related material distributor and trader. It was the first company in India to introduce wood filler, and it has wholly owned branches in Mumbai and Chennai. A great deal of the products that Sirca imports from SIRCA SPA ITALY are sold in India by its distributors. Additionally, the Company purchases the products (abrasives, buffing cream, and thinner) from other Indian suppliers. Except for Thinner and Abrasives, which are obtained from domestic suppliers, all other 100% purchases are made from outside India, as are the products purchased from domestic suppliers and sold only in India.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Sirca Paints India Limited |
| Phone number | + 91-11-42083083 |
| Email ID | [email protected] |
| Website | sircapaints.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Sirca Paints IPO FAQs
When Sirca Paints IPO will open?
The Sirca Paints IPO opens on May 16, 2018 and closes on May 22, 2018.
What is the lot size of Sirca Paints IPO?
Sirca Paints IPO lot size is 800 Shares, and the minimum amount required is ₹128,000.
When is Sirca Paints IPO allotment?
The finalization of Basis of Allotment for Sirca Paints IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Sirca Paints IPO listing date?
The Sirca Paints IPO listing date is on May 30, 2018.
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