Siddhika Coatings Limited

Siddhika Coatings Limited IPO Review

Siddhika Coatings IPO – Siddhika Coatings is a key channel partner for SK Kaken (SKK) in India, as well as a licenced importer of its products through SKK Singapore Pte.SKK is a well-known Japanese coatings and pigments manufacturer.Siddhika has been working with SKK for over 15 years, and her services include prepping and coating inner and exterior surfaces of civil structures with organic and inorganic architectural textured pigments and technical-grade functional coatings.In addition, the organisation offers technical help.
Approximately 250,000 sq. mtrs. of application contracts are managed by the organisation each year.
This group includes skilled applicators and supervisors who have been properly trained in the use of SKK’s products.

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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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

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

Dilip Davda – May apply

Listing Performance of Siddhika Coatings Limited IPO

Company Name

Listed On

Issue Price

Listing Day Close

Listing Day Gain

Siddhika Coatings Limited

Apr 7, 2021

57

56.95

-0.09%

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NSE : SIDDHIKA

BSE : NA

ISIN CODE : INE0A1E01018

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)

Siddhika Coatings Limited
L-9, Lower Ground Floor
Kalkaji New Delhi
South Delhi, Delhi-110019
Phone: +91 11 41601441
Email: secretarial@siddhika.com
Website: www.siddhika.com

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: grievances@skylinerta.com
Website: www.skylinerta.com

DaySubscription (no. of times)
Day 1

0.78

Day 2

1.45

Day 3

2.47

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Siddhika Coatings Limited IPO FAQ's

The Siddhika Coatings Limited IPO is a SME IPO of ₹57 per equity share with a face value of ₹10 per equity share. 

The issue size is priced at 8,24,000 equity shares of ₹10 (aggregating up to ₹4.70 Crore).

The initial public offering (IPO) begins on Mar 24, 2021 and ends on Mar 26, 2021.

The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.

The Siddhika Coatings Limited IPO opens on Mar 24, 2021 and closes on Mar 26, 2021. The IPO Issue date may list on April 7, 2021.

The Siddhika Coatings Limited IPO Market lot size is 2000 Shares and the minimum order quantity is 2000 Shares.

The finalization of Basis of Allotment for Siddhika Coatings Limited IPO will be done in April 2021 and the allotted shares will be credited to your demat account by April 2021. Check the Siddhika Coatings Limited IPO status.

The Siddhika Coatings Limited IPO listing date is on April 7, 2021.

Siddhika Coatings Limited IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

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Siddhika Coatings Limited IPO Comments