Sirca Paints India Limited Profile:
Sirca Paints India Limited incorporated on 17 January 2018 based in New Delhi. It is all set to launch a manufacturing facility in India. The brand is a popular name in the industry, engaged in importing, trading and repacking of polyurethane coatings, water-based coatings, melamine and NC products, wood care products, wood fillers, abrasives, buffing compounds, and thinners. Inside the wood coatings industry, Sirca enjoys a large consumer base of leading OEMs, with which it has developed and sustained strong and strong relationships.
They specialize in the production of coatings for wood. Products of Sirca Paints are mainly intended for the furnishing segment and often developed in collaboration with some of Italy’s most prestigious furniture stores. They constantly monitor the change or creation of new standards. The satisfactory of the application, color customization, and duration Sirca India over time are all one-of-a-kind trends of Sirca wooden coatings.
Key Strengths
- To finance the expenditure of Site or Plant Development and Purchase of Plant and Machinery.
- To part finance incremental working capital requirements of the Company.
- To meet General corporate purposes.
- To meet the expenses of the Issue.
Sirca Paints India Limited Promoters:
The Promoters of the Company are Mr. Sanjay Agarwal, Mr. Apoorv Agarwal, and Mr. Gurjit Singh Bains.
Sirca Paints India Limited IPO details:
Symbol: SPIL
Issue Size: Public Offer of up to 48,69,600 Equity Shares (includes 2,44,000 market maker portion)
Face Value: Rs.10
Price Range: Rs. 151 to Rs. 160
Issue Type: 100 % Book-Built
Bid Lot: 800 equity shares and in multiples thereof
Minimum Order Quantity: 800 Equity shares
Registrar: Karvy Computershare Private Limited
Issue Period: 16-May-2018 to 22-May-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Financials of the Sirca Paints India Limited:
| Sirca Paints’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 34.0 | 54.1 | 69.8 | 72.7 | 84.3 | 64.7 |
| Total expenses | 32.0 | 50.4 | 59.7 | 60.9 | 62.3 | 42.0
|
| Profit after tax | 0.5 | 2.0 | 6.2 | 7.3 | 13.7 | 14.6 |
Sirca Paints India Limited Allotment Status:
Sirca Paints India Limited IPO Allotment Date: N/A
Sirca Paints India Limited IPO Listing Date:N/A
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