The Sirca Paints date has been confirmed from May 16, 2018 and ended on May 22, 2018.
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. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹128,000.
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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 is ₹409.85.
IPO Overview
Sirca Paints IPO is a book-built offering worth Rs 77.92 crores. Sirca Paints initial public offering (IPO) bidding began on May 16, 2018 and completed on May 22, 2018. On May 30, 2018, the shares were listed on the NSE SME. The IPO price range for Sirca Paints is established at 151 to 160 per share. An application requires a minimum lot size of 800 Shares. 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
Sirca Paints India Limited, situated in Delhi, was founded in 2017 and is a marketer and trader/distributor of paints and allied materials. It was the first company in India to introduce wood filler, and it has wholly owned branches in Mumbai and Chennai. Sirca imports most of its items from SIRCA SPA ITALY and sells them in India through its distributors. Furthermore, the Company obtains the items (Thinner, Abrasives, and Buffing Cream) from other Indian providers. 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 | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Sirca Paints India Limited |
| Phone number | + 91-11-42083083 |
| Email ID | admin@sircapaints.com |
| Website | sircapaints.com |
IPO Strenghts
- 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.
