IPO

Sirca Paints India Limited IPO

NSE SME

Offer Date: May 16, 2018 - May 22, 2018

₹ 241600 /1600 Shares
*Min Investment

16 May, 2018

Open Date

22 May, 2018

Close Date

28 May, 2018

Allotment Date

30 May, 2018

Listing Date
IPO Issue Details
  • Issue Price Rs 151/- to Rs 160/- Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Fresh Issue of 48,69,600 Equity Shares of Rs 10/- each at a price of Rs 151/- to Rs 160/- per share aggregating to 77.92 Cr
  • Listing at NSE SME
  • Lead Manager Navigant Corporate Advisors Ltd
  • Registrar Karvy Computershare Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


Sirca Paints India Limited IPO is an SME IPO, priced at Rs 151/- to Rs 160/- Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from May 16, 2018 to May 22, 2018. The allotment is expected to be finalized on May 28, 2018, and the tentative listing date is May 30, 2018.


The registrar of the IPO is Karvy Computershare Private Limited , and

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IPO Subscription Analysis And Details
Retail
1.00x
QIB
11.00x
NII
2.00x
Total
3.00x
As onQIBNIIRetailTotal
Shares Offered / Reserved22,98,4006,99,20016,28,00046,25,600
Day 1 16-05-18
0 x19,200 0.034,13,600 0.25 x4,32,800 0.09 x
Day 2 17-05-18
0 x5,42,400 0.788,24,000 0.51 x13,66,400 0.30 x
Day 3 18-05-18
0 x6,04,800 0.8614,76,800 0.91 x20,81,600 0.45 x
Day 4 21-05-18
0 x8,18,400 1.1743,31,200 2.66 x51,49,600 1.11 x
Day 5 22-05-18
11,56,000 0.5 x2,24,10,400 32.051,49,04,800 9.16 x3,84,71,200 8.32 x
Valuations
Earnings Per Share (EPS) Rs 7.50
P/E Ratio 21.33
RoNW 40.26%
Net Asset Value (NAV) ( As on 31.12.17 ) Rs 39.31
IPO - Issue Objectives
1

To finance the expenditure of Site/Plant Development and Purchase of Plant and Machinery

2

To part finance incremental working capital requirements of the Company

3

To meet General corporate purposes

4

To meet the expenses of the Issue