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Open
16 May 2018
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Close
22 May 2018
3
Allotment
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Listing
Wed, May 30, 2018
Price Band
₹151 to ₹160
Issue Size
48,69,600 shares (agg. up to ₹78 Cr)
Lot Size
800 Shares
Listing Date
Wed, May 30, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.43x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 83.19 | 61.31 | 45.08 | 33.42 |
| Total Income | 64.70 | 84.34 | 72.66 | 69.77 |
| Profit After Tax | 14.60 | 13.70 | 7.28 | 6.18 |
| NET Worth | 48.35 | 34.03 | 20.36 | 13.13 |
| Reserves and Surplus | 36.14 | 34.03 | 20.33 | 13.05 |
| Total Borrowing | 9.10 | 3.85 | 10.68 | 11.81 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the expenditure of Site/Plant Development and Purchase of Plant and Machinery | 33.20 |
| 2 | To part finance working capital requirements of the Company; | 25.00 |
| 3 | To meet General corporate purposes | 13.99 |
About Sirca Paints IPO
Incorporated in 2017, Delhi based Sirca Paints India Limited is a company engaged in marketing and trading/distributor of paints and allied products. It is the first Company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai.Sirca procures the products majorly from SIRCA SPA ITALY through Import and sells them in India through its Distributors. In addition, the Company also procures the products (Thinner, Abrasives and Buffing Cream) from other suppliers based in India. Except for Thinner and Abrasives which are purchased from domesticsuppliers, all other 100% Purchases are made from Outside India and the products which are purchased from domestic suppliers and sold out in India Only. Sirca Paints has entered into a Distributorship Contract with SIRCA SPA ITALY wherein the Company got the Exclusive Right to promote the sale of PU & Metal Coating under the trademark SIRCA in the territory of India, Sri Lanka, Bangladesh and Nepal with a minimum turnover of EURO 4,300,000 (Four Million three hundred thousand) and EURO 4,800,000 (Four million eight hundred thousand) to be achieved in the year 2018 and 2019 respectively. It has entered into a Manu
Contact Details
Sirca Paints India Ltd. Address504, NDM-IINetaji Subhash Place WazirpurPitampuraDelhi, New Delhi, 110034+ 91-11-42083083admin@sircapaints.comVisit Website