✓
Open
24 May 2018
✓
Close
28 May 2018
3
Allotment
—
4
Listing
Thu, May 31, 2018T
Price Band
₹16 per share
Issue Size
25,00,000 shares (agg. up to ₹4 Cr)
Lot Size
8,000 Shares
Listing Date
Thu, May 31, 2018T
✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2018 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 27.57 | 15.99 | 16.63 | 15.28 |
| Total Income | 23.13 | 26.59 | 26.90 | 25.07 |
| Profit After Tax | 0.57 | 0.33 | 0.19 | 0.22 |
| NET Worth | 9.64 | 2.93 | ||
| Reserves and Surplus | 3.80 | 1.93 | 1.60 | 1.41 |
| Total Borrowing | 9.02 | 7.06 | 4.98 | 5.26 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| MMP Industries Ltd. | SME | ₹84.60 Cr | ₹188 | null | ₹199.50 | +6.12% | ₹282.45 (-0.69%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part Repayment / prepayment of Unsecured Loans availed by the Company | 3.00 |
| 2 | General corporate purposes | 0.50 |
About Sorich Foils IPO
Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.+ Read More
Contact Details
Sorich Foils Ltd. AddressPlot No. 4802/1, Plastic ZoneGIDC, Sarigam, Tal: Umbergaon,Dist: ValsadValsad, Gujarat, 396155+91 260 2780670cs@sorichfoils.inVisit Website