Issue Price
₹160
Per Share
GMP
NIL
Grey Market
Est. Listing
₹160
Expected Price
Min. Application
₹256,000
2 lots × 800 shares
Incorporated in 2017, Delhi based Sirca Paints India Limited is a company engaged in marketing and trading/distributor of paints and allied products. It is the first Company to launch wood filler in India and opened its wholly owned branches in Mumbai and Chennai.Sirca procures the products majorly from SIRCA SPA ITALY through Import and sells them in India through its Distributors. In addition, the Company also procures the products (Thinner, Abrasives and Buffing Cream) from other suppliers based in India. Except for Thinner and Abrasives which are purchased from domesticsuppliers, all other 100% Purchases are made from Outside India and the products which are purchased from domestic suppliers and sold out in India Only.Sirca Paints has entered into a Distributorship Contract with SIRCA SPA ITALY wherein the Company got the Exclusive Right to promote the sale of PU & Metal Coating under the trademarkSIRCA in the territory of India, Sri Lanka, Bangladesh and Nepal with a minimum turnover of EURO 4,300,000 (Four Million three hundred thousand) and EURO 4,800,000 (Four million eight hundred thousand) to be achieved in the year 2018 and 2019 respectively. It has entered into a Manufacturing License Agreement with SIRCA S.P.A. Italy for manufacturing the following products in India, under the mark "SIRCA".- Paints NC;- Paints AC;- Thinner;- Polyurethane Products.The company has 128 employees on its payroll.
Sirca Paints India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 244,000 | — | ₹3.90 Cr | — |
| TOTAL | 4,869,600 | 100.00% | ₹77.91 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 13 | 10,400 | ₹1,664,000 |
| sNII (Min) | 14 | 11,200 | ₹1,792,000 |
| bNII (Min) | 68 | 54,400 | ₹8,704,000 |
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Revenue from Operations | 843.42 | 726.61 | 697.69 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 137.03 | 72.76 | 61.79 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 613.13 | 450.76 | 334.15 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |