Shish Industries IPO

Shish Industries IPOIn the FY 2014-2015, we have started manufacturing of Plastic Twin wall and Multi wall corrugated sheets at survey No. 265/266, Block No. 290, Plot No. 8 to 17, B/1, and 265/ 266, Block No: 290, Plot No. 18 to 23, B/1 Moje: Pipodara, Dist: Surat. In the FY 2015-16, our company have started exporting our products to various countries viz U.A.E, Myanmar and Oman and also enhance our production capacity by installing additional machinery for manufacturing variety of products especially Polypropylene (PP) Corrugated Plastic Rolls which is an extruded 3ply and 5ply (GSM from 275GSM > 1000GSM) fluted PP corrugated plastic sheets consisting of two / multi flat walls connected by vertical ribs.

Promoters of Shish Industries – Satishkumar Maniya and Rameshbhai Kakadiya

Shish Industries IPO details

Subscription Dates 23 – 28 August 2017
IPO Price band INR30 per share
Fresh issue 1,352,000 shares (INR4.06 crore)
Offer for sale Nil
Total IPO size 1,352,000 shares (INR4.06 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Shish Industries’ financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 0.0 0.5 97.5 387.8 536.7
Total expenses 1.7 3.0 136.0 383.0 528.7
Profit after tax -1.2 -1.7 -26.6 3.3 5.5

Shish Industries Limited
Survey No: 265/ 266, Block No: 290,
Plot No. 18 to 23, B/1 Paiki 1,
Pipodara, Mangrol, Surat – 394 110

Phone: +91 98265 66698
Email: [email protected]


Subscription (no. of times)

Day 1 0.14
Day 2 0.51
Day 3 1.51


Earnings Per Share (EPS): INR0.18

Price/Earnings (P/E) ratio: 166.67

Return on Net Worth (RONW): 2.47%

Net Asset Value (NAV): INR10 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Shish Industries IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 23 August 2017

IPO Closing Date: 28 August 2017

Finalisation of Basis of Allotment: 31 August 2017

Initiation of refunds: 1 September 2017

Transfer of shares to demat accounts: 4 September 2017

Listing Date: 5 September 2017

Listing Price on BSE SME: INR32 per share (up 6.7% from IPO price)

Closing Price on BSE SME: INR32.95 per share (up 9.8% from IPO price)


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