Siddhika Coatings IPO Details

Siddhika Coatings IPOSiddhika 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
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Siddhika Coatings financial performance (in INR crore)

  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, India 
Phone: +91 22 2851 1022
Email[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

   

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:
5 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)

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