Sorich Foils IPO

Sorich Foils IPOBusiness description - Sorich Foils is 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. This range is designed & developed utilizing advanced machinery and latest technology in complete adherence with the industry laid norms and standards. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging. There is in house quality check department to check the entire range on different parameters to maintain its authenticity throughout the manufacturing process. The manufacturing facility of the company is currently located at Plot No. 4802/1, Plastic Zone, Sarigam, Tal: Umbergaon, Valsad Gujrat-396155.

Promoters of Sorich Foils – Chandrahas Kotian
Sorich Foils IPO details
Subscription Dates 24 - 28 May 2018 (IPO withdrawn due to poor demand)
IPO Price band INR16 per share
Fresh issue 2,500,000 shares (INR4 crore)
Offer for sale Nil
Total IPO size 2,500,000 shares (INR4 crore)
Minimum bid (lot size) 8,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Part Repayment / prepayment of unsecured loan - INR3 crore
  • General corporate purposes - INR0.5 crore
  • Issue expenses - INR0.5 crore
Sorich Foils' consolidated financial performance (in INR lakh)
 FY2013 FY2014 FY2015 FY2016 FY2017 10M FY2018
Total revenue 1,963.3 2,285.9 2,506.7 2,689.9 2,659.1 2,313.4
Total expenses 1,928.2 2,255.8 2,471.3 2,659.6 2,609.2 2,242.9
Profit after tax 24.0 20.4 22.5 18.9 32.9 57.4
Sorich Foils' Contact Details

Sorich Foils Limited
Plot No. 4802/1, Plastic Zone,
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396

Phone: +91 260 2780670
Email: cs@sorichfoils.in
Website: www.sorichfoils.in

Sorich Foils IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.14
Day 2 0.17
Day 3
Sorich Foils Valuation (Latest FY)

Earnings Per Share (EPS): INR3.29

Price/Earnings (P/E) ratio: 4.87

Return on Net Worth (RONW): 11.22%

Net Asset Value (NAV): INR29.28 per share

Registrar of Sorich Foils IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: sorich.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Sorich Foils IPO Allotment Status

Sorich Foils IPO allotment status will be available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Sorich Foils

IPO Opening Date: 24 May 2018 (IPO withdrawn due to poor demand)

IPO Closing Date: 28 May 2018 (IPO withdrawn due to poor demand)

Finalisation of Basis of Allotment: 31 May 2018

Initiation of refunds: 1 June 2018

Transfer of shares to demat accounts: 1 June 2018

Listing Date: 5 June 2018

Listing Price on NSE SME: To be updated

Closing Price on NSE SME: To be updated

Sorich Foils IPO
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One thought on “Sorich Foils IPO

  • May 22, 2018 at 9:50 AM
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    Wrong company to invest. Just stay away from SME IPOs. No quality at all in these companies.

    Reply

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