Siddhika Coatings Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

24 Mar 2021

Close Date

26 Mar 2021

Allotment

01 Apr 2021

Listing Date

07 Apr 2021

Exchange

NSE SME

Price Band

₹57

Listing Price

See chart

Allotment Status

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Price Band

₹57

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

8,24,000 shares (aggregating up to ₹4.70 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹114,000

1 lot

Pre-IPO Holding

22,65,500 shares

Promoters

Post-IPO Holding

30,89,500 shares

Promoters

UPI Deadline

2021-03-26

Mandate

Anchor AllotmentTue, 23 Mar 2021

Basis of AllotmentThu, 01 Apr 2021

Refund InitiationFri, 02 Apr 2021

Demat CreditFri, 02 Apr 2021

Listing DayWed, 07 Apr 2021

UPI Mandate Deadline2021-03-26

Sale TypeFresh Capital

Net Offer to Public7,82,000 shares (aggregating up to ₹4.46 Cr)

Market Maker Quota42,000 shares (aggregating up to ₹0.2394 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Siddhika Coatings Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Mar 2021.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	42,000	—	₹0.24
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	824,000	100%	₹4.70

IPO Shares Offered

Siddhika Coatings Ltd. IPO total issue size: ₹4.70 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	42,000	₹0.24	5.10%
Total	824,000	₹4.70	100.00%

* Based on upper price band ₹57 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹57.00

Upper Band

Min Investment

₹114,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹228,000
Retail (Max — 13 Lots)	13	26,000	₹1,482,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,596,000
B-HNI (Min — 68 Lots)	68	136,000	₹7,752,000

* Issue Price ₹57 × Lot Size 2,000 shares

IPO Schedule

Anchor

23 Mar 2021

✓ Done

IPO Open

24 Mar 2021

✓ Done

IPO Close

26 Mar 2021

✓ Done

Allotment

01 Apr 2021

✓ Done

Refunds

02 Apr 2021

✓ Done

Demat Credit

02 Apr 2021

✓ Done

Listing Day

07 Apr 2021

✓ Done

₹57.00

INR · NSE

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Issue ₹57.00 Live Price

About Siddhika Coatings Ltd.

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.It 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. It 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.Competitive strengthsIndia'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.

Objects of the Issue

1 Working Capital Requirements

2 General Corporate Purposes

3 Issue Expenses

Siddhika Coatings Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹3,223.7

31-Mar-19

₹3,041.8

31-Mar-20

₹614.7

30-Sep-20

Profit After Tax (PAT)

₹351.1

31-Mar-19

₹295.9

31-Mar-20

₹20.0

30-Sep-20

Particulars	30-Sep-20	31-Mar-20	31-Mar-19
Revenue from Operations	614.65	3041.78	3223.74
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	19.98	295.86	351.14
Net Worth	N/A	N/A	N/A
Total Assets	2142.26	2302.13	2054.86
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered8,24,000 (100.00%)

Net Offer to Public7,82,000 shares (aggregating up to ₹4.46 Cr)

Reserved for Market Maker42,000 shares (aggregating up to ₹0.2394 Cr)

Pre-Issue Promoter Holding22,65,500 shares

Post-Issue Promoter Holding30,89,500 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

virenr@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Unistone Capital Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Siddhika Coatings Ltd. IPO subscribed? ▲

Siddhika Coatings Ltd. IPO is subscribed 1.00 times by Mar 26, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Siddhika Coatings Ltd. IPO retail subscription status? ▼

The Siddhika Coatings Ltd. IPO retail category is subscribed 1.00 times as of 26 Mar 2021. The retail portion is oversubscribed.

How to subscribe Siddhika Coatings Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 24 Mar 2021 and closes 26 Mar 2021. Min investment: ₹114,000 (1 lot = 2,000 shares). UPI mandate: 2021-03-26.

How many times Siddhika Coatings Ltd. IPO subscribed? ▼

The Siddhika Coatings Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Siddhika Coatings Ltd. IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Apr 2021. Refunds: on 02 Apr 2021.

When Siddhika Coatings Ltd. IPO will be listed? ▼

The Siddhika Coatings Ltd. IPO listing date is 07 Apr 2021, Wednesday. Listed on: NSE SME. Issue price: ₹57. Estimated listing: ₹57. GMP: NIL.

When Siddhika Coatings Ltd. IPO close? ▼

The Siddhika Coatings Ltd. IPO closes on 26 Mar 2021, Friday. UPI mandate: 2021-03-26. Allotment: 01 Apr 2021. Listing: 07 Apr 2021.

Quick Actions

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Live Price LIVE

Last Price₹57.00

Change—

Issue Price₹57.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹57

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹114,000

GMPNIL

Est. Listing₹57

Subscribed1.00x

Open Date24 Mar 2021

Close Date26 Mar 2021

Allotment01 Apr 2021

Listing Date07 Apr 2021

ExchangeNSE SME

UPI Deadline2021-03-26