Siddhika Coatings IPO is going to open for subscription from 24 March 2021. the company aims for an issue size of ₹4.70 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
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Siddhika Coatings Limited
Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (SKK) products and its specialist paint in India. SKK is a Japan-based coatings and pigments manufacturer, and being a strategic channel partner of SKK, Siddhika Coatings Ltd is engaged in the business of supplying Architectural Coatings Supplies & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.
The company supplies products to real estate developers, government and private entities i.e. IT companies, hospitality leaders, business park developers, and various eminent architects in India. company has successfully completed 160+ projects across 11 states in India over the last 3 calendar years. It is serving its customers through its branches in 11 states of India i.e. Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
Objectives of the Issue
- Meet working capital requirements.
- General corporate purposes.
- To meet issue expenses.
- India’s largest texture paint contract company of SKK brand.
- High-quality assurance.
- Experienced promoters and managers.
- Strong geographical presence with branches all over the country.
|IPO Opening Date||24 March 2021|
|IPO Closing Date||26 March 2021|
|Issue Type||Fixed Price Issue IPO|
|Issue size||₹4.70 Crore|
|No of shares offered||824,000 Equity Shares|
|Face Value||₹10 per equity share|
|Offer Price||₹57 per equity share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||NSE SME|
|Particulars||For the year/period ended (₹ in Lakh)|
|Profit After Tax||19.98||295.86||351.14||256.44|
- Siddhika Business Applications Private Limited
- Unistone Capital Pvt Ltd
Siddhika Coatings IPO Registrar
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: +91 – 11 – 2681
Company Contact Information
Siddhika Coatings Limited
L-9, Lower Ground Floor Kalkaji,
New Delhi, South Delhi, 110019, India
Siddhika Coatings IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
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