Suich Industries IPO

Suich Industries IPO description - Suich Industries was originally incorporated as “Delhi Fone N Batteries Private Limited” at Delhi. Its promoters, Gunnit Singh Allagh and Sanchit Allagh started the business as a wholesale trading and distribution concern for mobile and mobile accessories. After gaining experience and foreseeing the opportunity in Indian mobile market, the promoters incorporated the company in 2008 initially for manufacturing of mobile phone batteries and mobile phone chargers.

The company strategically purchased a land and set up a manufacturing facility at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar, Uttarakhand spread over an area of 7,500 sq. meters. The company and its subsidiary import the parts and equipment from China to assemble them in its manufacturing facility.

After launched its first mobile power bank in 2012, the company has expanded its portfolio to include feature mobile phones in 2014 and Light Emitting Diode (LED) TV sets in 2016. These products are marketed under its own brand name, “Suich” and are sold in Northern India specifically catering to rural areas and Tier-2 and Tier-3 cities.

Suich Industries promoters – Gunnit Singh Allagh and Sanchit Singh
Suich Industries - Upcoming IPO details
Subscription Dates 30 May - 4 June 2019
IPO Price band INR73 - 75 per share
Fresh issue 4,115,200 shares (INR30.04 - 30.86 crore)
Offer for sale Nil
Total IPO size 4,115,200 shares (INR30.04 - 30.86 crore)
Minimum bid (lot size) 1600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions - INR1.41 crore
  • Working capital requirement - INR29 crore
  • General corporate purposes
  • Issue Expenses
Suich Industries' consolidated financial performance (in INR crore)
FY2016 FY2017 FY2018 9M FY2019
Total revenue 106.6 144.4 202.8 140.2
Total expenses 102.5 138.1 194.1 125.7
Profit after tax 3.0 5.3 7.4 11.5
Suich Industries Contact Details

Suich Industries Limited 
Plot No - 68, 3rd Floor
Block No. 5 W.E.A, Naiwala
Karol Bagh, New Delhi 110005

Phone: +91 11 45607111
Email: [email protected]
Website: www.suichgroup.com

Suich Industries IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.39
Day 2 0.58
Day 3 0.92
Day 4 1.39

 

Suich Industries Valuation (For FY2018)

Earnings Per Share (EPS): INR6.68

Price/Earnings (P/E) ratio: 10.93 - 11.23

Return on Net Worth (RONW): 18.45%

Net Asset Value (NAV): INR36.19 per share

Registrar of Suich Industries 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: [email protected]
Website: http://www.linkintime.co.in

Suich Industries IPO Allotment Status

Suich Industries IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Suich Industries

IPO Opening Date: 30 May 2019

IPO Closing Date: 4 June 2019

Listing Date: 13 June 2019

Listing Price on BSE SME: INR68.5 per share (down 8.67% per share)

Closing Price on BSE SME: INR71.35 per share (down 4.87% per share)

Suich Industries IPO
4.1 (81.54%) 13 vote[s]

Leave a Reply

Your email address will not be published. Required fields are marked *