Siddhika Coatings IPO

Siddhika Coatings IPO(SME) Details

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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

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.

Competitive strengths

  • 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 Details

IPO Opening Date24 March 2021
IPO Closing Date26 March 2021
Issue TypeFixed Price Issue IPO
Issue size ₹4.70 Crore
No of shares offered824,000 Equity Shares
Face Value₹10 per equity share
Offer Price₹57 per equity share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Application amount₹114,000
Listing AtNSE SME

Financial summary

ParticularsFor the year/period ended (₹ in Lakh)
Total Assets2,142.262,302.132,054.861,535.18
Total Revenue614.653,041.783,223.742,214.65
Profit After Tax19.98295.86351.14256.44

Company Promoters

  • Siddhika Business Applications Private Limited

Lead Managers

  • 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
Phone: +(91)-(11)-41601441

Final thoughts

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.

Happy Investing

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