Siddhika Coatings IPO Details
Siddhika Coatings IPO description – Siddhika Coatings is a strategic channel partner in India for SK Kaken (SKK) and an authorised importer of its products through SKK Singapore Pte. SKK is a renowned coatings and pigments manufacturer based in Japan. Having been associated with SKK for over 15 years, Siddhika provides application services which include preparing and coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural textured pigments and technical-grade functional coatings. In addition, the company also provides technical support services.
The company manages approximately 250,000 sq. mtrs. of application contracts, annually. This team includes experienced applicators and supervisors who are thoroughly trained in skillful application of SKK’s products.
Promoters of Siddhika Coatings – Siddhika Business Applications Private Limited
| Siddhika Coatings IPO details | |
| Subscription Dates | 24 – 26 March 2021 |
| Price Band | INR57 per share |
| Fresh issue | 8,24,000 shares (INR4.70 crore) |
| Offer For Sale | Nil |
| Total IPO size | 8,24,000 shares (INR4.70 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Siddhika Coatings financial performance (in INR crore)
| Â | FY2018 | FY2019 | FY2020 | H1 FY2021 |
| Revenue | 22.15 | 32.24 | 30.42 | 6.15 |
| Expenses | 18.60 | 27.37 | 26.32 | 5.88 |
| Net income | 2.56 | 3.51 | 2.96 | 0.20 |
| Net margin (%) | 11.6 | 10.9 | 9.7 | 3.3 |
Registrar of Siddhika Coatings IPO
Skyline Financial Services Pvt Ltd
A/505, Dattani Plaza,
Andheri Kurla Road Safeed Pool
Andheri (E), Mumbai- 400072
Maharashtra, IndiaÂ
Phone: +91 22 2851Â 1022
Email:Â [email protected]
Website: www.skylinerta.com
Valuation of Siddhika Coatings IPO (FY2020)
Earnings Per Share (EPS): INR13.06
Price/Earnings (PE ratio): 4.36
Return on Net Worth (RONW): 17.42%
Net Asset Value (NAV): INR74.98 per share
Siddhika Coatings IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 |
0.78 |
| Day 2 |
1.45 |
| Day 3 |
2.47 |
| Â | Â |
Siddhika Coatings Contact Details
Siddhika Coatings Limited
L-9, Lower Ground Floor
Kalkaji New Delhi
South Delhi, Delhi-110019
Phone: +91 11 41601441
Email: [email protected]
Website: www.siddhika.com
Siddhika Coatings IPO Allotment Status
Siddhika Coatings IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing Performance of Siddhika Coatings
IPO Opening Date: 24 March 2021
IPO Closing Date: 26 March 2021
Finalisation of Basis of Allotment: 1 April 2021
Initiation of refunds: 5Â April 2021
Transfer of shares to demat accounts: 6 April 2021
Listing Date: 7 April 2021
Opening Price on NSE SME: INR55 per share (down 3.51% from IPO price)
Closing Price on NSE SME: INR56.95 per share (down 0.09% from IPO price)
