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 LimitedPlot 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 LimitedC-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)
