Sanginita Chemicals IPO

Sanginita Chemicals IPO

 

Sanginita Chemicals IPO

Sanginita Chemicals is a Gandhinagar-based specialty chemical company. It started production of Cuprous Chloride and Cupric Chloride at its factory situated at 3536/8, Near GIDC, Chhatral, Dist- Gandhinagar (Unit I). Due to increase in the demand of products of the company in the year 2009, it started Unit II to enhance production capacity by installing additional machinery at a new plot situated at 1133, Near GIDC Phase-4 Chhatral, Ta. Kalol, Gandhinagar. The company has got the consolidated consent order for 45 chemical products for producing 15,00,000 Kgs/Month vide GPCB consent no. GPCB/CCA/GNR-468/26535 dated December 3, 2009 having validity upto January 9, 2013.

Sanginita Chemicals has received the amended consolidated consent order vide amended consent no. GPCB/ID16613/CCA-GNR-468/130303 dated November 9, 2012 for producing the cuprous chloride from 1,00,000 Kgs/month to 5,00,000 kgs/month and additional consent for production of Ferric choloride (5,00,000 KGS/month), Zinc Sulphate (10,00,000 KGS/month) and Manganese Sulphate (5,00,000 KGS/month).

In the year 2014-15, Sanginita Chemicals discontinued the operations of Unit I and sold the Land and Building of Unit I and shifted all the plant and machinery to Unit II. In addition, the company also undertakes the job work activity which contributes meager amount to our total revenue. At present, it manufactures following three major products viz. Cuprous Chloride, Copper Sulphate and Cupric Chloride having installed capacity of 60,00,000 Kgs/p.a., 54,00,000 Kgs./p.a and 3,50,000 Kgs./P.a respectively which is used in dyes and pigment industries, paint industries, pharmaceuticals industries, electroplating industries, metal extraction industries and ink, Carbon paper, PVC pipe coating industries etc.

Promoters of Sanginita Chemicals Limited – Sanginita Industries Private Limited, Dineshsinh Chavada, Vijaysinh Chavda

Sanginita Chemicals IPO details

Subscription Dates 1 - 3 March 2017
IPO Price band INR22 per share
Fresh issue 4,566,000 shares (INR10.04 crore)
Offer for sale Nil
Total IPO size 4,566,000 shares (INR10.04 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE SME

 

Sanginita Chemicals' financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue

107.00

96.47 119.03 128.93

144.36

Total expenses

104.63

95.67 117.59 127.47

142.75

Profit after tax

1.59 0.56 0.84 1.00

1.10

 

Day

Subscription (no. of times)

Day 1

 0.11

Day 2

 1.01

Day 3  2.08

Sanginita Chemicals Limited
301, 3rd Floor, Shalin Complex, Sector -11,
Gandhinagar - 382 011

Phone: +91 079 2324 0270
Email: sanginitachemicals@yahoo.com
Website: www.sanginitachemicals.co.in

Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai - 400 011

Phone: +91 22 2301 6761
Fax: +91 22 2301 2517
Email: purvashr@mtnl.net.in
Website: www.purvashare.com

Sanginita Chemicals IPO allotment status is available on Purva Sharegistry's website. You can check IPO allotment status at this link

http://www.purvashare.com/queries/

IPO Opening Date: 1 March 2017

IPO Closing Date: 3 March 2017

Listing Date: 10 March 2017

Listing Price on NSE Emerge: INR23 per share (return of 4.5% over IPO price)

Closing Price on NSE Emerge: INR22.9 per share (return of 4.1% over IPO price)

Sanginita Chemicals IPO
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