Suich Industries Limited was incorporated in 2008. It was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.
| Bidding Dates |
|---|
| 30 May 2019 - 04 Jun 2019 |
| Subscription |
|---|
| 1.39x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 2 | 1600 | 4.1 M | ₹73 - ₹75 | 73 % | ₹300.4 M - ₹308.6 M | RHP DOC |
Suich Industries IPO SUBSCRIPTION STATUS
04 Jun '19Suich Industries IPO overall subscription rate was 1.39 times the total available shares
Suich Industries IPO retail subscription rate was 1.47 times in the retail segment
Suich Industries IPO non-institutional investor subscription rate was 1.32 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Jun 2019 (Day 3) | 0.91x | 1.03x | - |
04 Jun 2019 (Day 4) | 1.47x | 1.32x | - |
30 May 2019 (Day 1) | 0.31x | 0.51x | - |
31 May 2019 (Day 2) | 0.6x | 0.63x | - |
Suich Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 9MFY19 | 114.8 | 1,400.6 | 49.1 | 48.9 |
| FY18 | 74.3 | 1,997.9 | 5.1 | -1.7 |
| FY17 | 532.5 | 1,427.5 | 25.8 | 17.0 |
| FY16 | 30.1 | 1,064.6 | 69.6 | -89.2 |
Suich Industries IPO SUBSCRIPTION STATUS DETAILS
Suich Industries had 4.1 M shares on offer
Suich Industries IPO offer price was in the range ₹73 - ₹75
Suich Industries IPO minimum Investment was ₹120000
Suich Industries IPO issue size was ₹ 300.4 M - ₹ 308.6 M
Suich Industries had a minimum lot size of 1600 Shares per application
Suich Industries NUMBER OF SHARES ON OFFER
Suich Industries IPO IMPORTANT DATES
| Issue Open Date | 30 May 2019 |
| Issue close Date | 04 Jun 2019 |
| Allotment Date | 10 Jun 2019 |
| Refund Date | 11 Jun 2019 |
| Demat Account Credit Date | 12 Jun 2019 |
| Listing Date | 13 Jun 2019 |
| Listing on Exchange(s) | BSE |
| Suich Industries Allotment Status | Exchange |
Suich Industries IPO subscription opened on 30 May 2019, and closed on 04 Jun 2019
IPO allotment for Suich Industries was finalized on Monday, 10 Jun 2019
IPO listing for Suich Industries was on BSE on Thursday, 13 Jun 2019
Suich Industries IPO LISTING GAINS
| Issue Price (adjusted) | 75.0 |
| Listing Open Price | 68.5 |
| Listing Close Price | 71.3 |
| Listing Gain% | -8.7% |
| Current Gain% | -94.2% |
Suich Industries INFORMATION ON IPO ISSUE
About Suich Industries
Suich Industries Limited was incorporated in 2008. It was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.
Object of the Issue
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company;
- Funding the working capital requirement of the Company; and
- General corporate purposes
Suich Industries - PROMOTERS
| Name |
|---|
| Gunnit Singh Allagh |
| Sanchit Singh |
Suich Industries Lead Manager to the issue
Pantomath Capital Advisors Private Limited
ipo@pantomathgroup.com
Suich Industries Registrar to the Offer
Link Intime India Private Limited
suich.ipo@linkintime.co.in
Suich Industries Strengths
Wide range of products
The company since its inception has been expanding its product portfolio, started as a distributor of mobile accessories, and has evolved itself into a consumer Electronics Company engaged into the manufacturing and marketing of its products
Catering to niche segment
Company has always aimed to cater the rural areas and Tier -2 and Tier-3 cities in Northern parts of the country
Women empowerment
60% of the workforce in the SIIDCUL, Haridwar plant consists of women. The company believes that women should participate fully in the economic growth across all sectors thereby improving the quality of life for women, men, families and entire communities.
Suich Industries Risks
Involved in certain litigations
Company, its Promoters, Directors and Group Company are involved in certain litigations viz criminal, civil and tax proceedings which are currently pending at various stages
Manufacturing facility is underutilized
The manufacturing facility which is located at Haridwar, Uttarakhand is currently operating at around 33% of its installed capacity. The company has not been able to achieve optimum utilization of the installed capacity owing to many reasons, primarily being working capital issues
IPO FAQs
Suich Industries Ltd. IPO listing opened at Rs 68.50 while the issue price was Rs 75.00 giving -8.67% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 75.00 giving -94.23% gains since its IPO listing.
The promoters of the company are Gunnit Singh Allagh and Sanchit Singh.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 73.0 - 75.0.
The IPO application opens on May 30, 2019 and closes on Jun 04, 2019.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jun 10, 2019.
The refund will be credited to your account on Jun 11, 2019.
The allotted shares will be credited to your demat on Jun 12, 2019.
Suich Industries Ltd.’s shares listed on the stock exchanges on Jun 13, 2019.