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Sikko Industries IPO
Sikko Industries is engaged in manufacturing of Pesticides including organic Pesticides, Fertilizers including organic fertilizer, Spray Pump and Organic Seeds. In the year 2000, the company was incorporated as Sikko Sprayers Private Limited. The company acquired Sikko Sprayers & Exports Co., proprietorship concern of Mr. Pravinbhai M. Kumbhani in the year 2000 and consequent to which entire assets-liabilities including outstanding creditors of the said proprietorship concern were taken over by Sikko Sprayers Private Limited.
In the year 2001-2002, various products were added to its basket namely Zinc Plus ―Nutrient Fertilizer‖, Sikko Zyme ―Growth Plant Promoter‖, Sikko Tone- Micro Nurtinent Liquid. In the year 2001-2005, the company started manufacturing of NEEMOX (Neem Oil- Pest Repellent), BIO M-45 (Organic Fungus Repellent). In the year 2008, the company started pesticide unit. Sikko Industries also started fertilizer unit on March 30, 2011. This has improved its top line. The Company also started seed division and added more products to its existing portfolio:
In addition to manufacturing of pesticides and fertilizer, the company is in process of starting up of new project of Bio CNG and BIO Fertilizer for which it has made an application with UP State Bio Energy Development Board, Lucknow.
Promoters of Sikko Industries – Ghanshyambhai Kumbhani and Jayantibhai Kumbhani
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Sikko Industries IPO details |
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| Subscription Dates | 5 – 7 Apr 2017 |
| IPO Price band | INR32 per share |
| Fresh issue | 1,600,000 shares (INR5.12Â crore) |
| Offer for sale | Nil |
| Total IPO size | 1,600,000 shares (INR5.12 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge platform |
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Sikko Industries’ financial performance (in INR crore) |
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| Â FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 7M FY2017 | |
| Total revenue | 13.6 | 8.6 | 11.2 | 11.4 | 21.3 | 13.0 |
| Total expenses | 12.3 | 7.2 | 9.3 | 11.5 | 21.4 | 12.1 |
| Profit after tax | 0.5 | 1.2 | 1.3 | -0.1 | -0.1 | 0.6 |
| Day |
Subscription (no. of times) |
| Day 1 | Â 1.01 |
| Day 2 | 3.11 |
| Day 3 | 12.40 |
Sikko Industries Limited
508, Iscon Elegance, Nr. Jain Temple, Nr. Prahladnagar Pick up Stand
Vejalpur, Ahmedabad – 380 051
Phone:Â +91 79 6616 8950
Email: [email protected]
Website:Â www.sikkoindia.com
Earnings Per Share (EPS): -INR0.13
Price/Earnings (P/E) ratio:Â NA
Return on Net Worth (RONW): NA
Net Asset Value (NAV): INR13.38 per share
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: [email protected]
Website: www.purvashare.com
Sikko Industries IPO allotment status is now available on Purva Sharegistry’s website. You can check IPO allotment status at this link
http://www.purvashare.com/queries
IPO Opening Date: 5 April 2017
IPO Closing Date: 7Â April 2017
Finalisation of Basis of Allotment:Â 12Â April 2017
Initiation of refunds: 13 April 2017
Transfer of shares to demat accounts: 17 April 2017
Listing Date:Â 18 April 2017
Listing Price on NSE SME: INR34.4 per share (up 7.5% over IPO price)
Closing Price on NSE SME: INR35.5 per share (up 10.9% over IPO price)
When the sikko ipo will provide the Allotment status online ?
Allotment is available now, although I did not invest
Sikko Industries IPO is available for trading on NSE form last day.
Listing Price on NSE SME: INR 34.4 per share (up 7.5% over IPO price)
Closing Price on NSE SME: INR 35.5 per share (up 10.9% over IPO price)