Sirca Paints IPO

Sirca Paints IPOBusiness description - Sirca Paints is in marketing and trading/distributorship of paints and allied products after repackaging the same. The company procures the products from SIRCA SPA ITALY through Import and sells them in India through its distributors. In addition, the company also procures the products (Thinner, Abresives and Buffing Cream) from other suppliers based in India. Except Thinner and Abresives, which are purchased from domestic suppliers, all other purchases are made from outside India and the products which are purchased from domestic suppliers and sold out in India only.

The company has entered into a Manufacturing License Agreement dated 16th February, 2018 with SIRCA SPA Italy for manufacturing the following products that it is currently distributing under the Product Distribution Agreement. Pursuant to this agreement, the company is having an exclusive right to manufacture the following products in India, under the mark “SIRCA” – Paints NC, Paints AC, Thinner, Polyurethane Products.

Promoters of Sirca Paints – Mr Sanjay Agarwal, Mr Apoorv Agarwal & Mr Gurjit Singh Bains
Sirca Paints IPO details
Subscription Dates 16 - 22 May 2018
IPO Price band INR151 -160 per share
Fresh issue 4,870,000 shares (INR73.54 - 77.92 crore)
Offer for sale Nil
Total IPO size 4,870,000 shares (INR73.54 - 77.92 crore)
Minimum bid (lot size) 800 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Site development and purchase of plant and machinery - INR33.20 crore
  • Working Capital Requirements
  • Issue Expenses
Sirca Paints' financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 34.0 54.1 69.8 72.7 84.3 64.7
Total expenses 32.0 50.4 59.7 60.9 62.3 42.0
Profit after tax 0.5 2.0 6.2 7.3 13.7 14.6
Sirca Paints' Contact Details

Sirca Paints India Limited
504, NDM-II, Netaji Subhash Place
Wazirpur, Pitampura
New Delhi - 110 034

Phone: +91 11 4208 3083
Email: [email protected]
Website: www.sircapaints.com

Sirca Paints IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.12
Day 2 0.39
Day 3 0.59
Day 4 1.47
Day 5  10.99
Sirca Paints Valuation (for FY2017)

Earnings Per Share (EPS): INR11.14

Price/Earnings (P/E) ratio: 13.55 - 14.36

Return on Net Worth (RONW): 40.26%

Net Asset Value (NAV): INR27.67 per share

Registrar of Sirca Paints IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
 [email protected]
Website: www.karvycomputershare.com

Sirca Paints IPO Allotment Status

Sirca Paints IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing performance of Sirca Paints

IPO Opening Date: 16 May 2018

IPO Closing Date: 22 May 2018

Finalisation of Basis of Allotment: 25 May 2018

Initiation of refunds: 28 May 2018

Transfer of shares to demat accounts: 29 May 2018

Listing Date: 30 May 2018

Listing Price on NSE SME: INR162 per share (up 1.25% from IPO price)

Closing Price on NSE SME: INR164.95 per share (up 3.09% from IPO price)

Sirca Paints IPO
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One thought on “Sirca Paints IPO

  • May 31, 2018 at 10:26 AM
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    It was not a good listing but the company has good to prove in coming years. The company has good potential and market is good to go.

    Reply

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