IPO Issue Details
Issue Price / Price Band₹64 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size37,84,000 shares (aggregating up to ₹24.22 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 15 Dec 2015
Subscription CloseFri, 18 Dec 2015
Anchor AllotmentMon, 14 Dec 2015
Basis of AllotmentThu, 24 Dec 2015
Initiation of RefundsFri, 25 Dec 2015
Credit of Shares to DematFri, 25 Dec 2015
Listing DateTue, 29 Dec 2015
UPI Mandate Deadline2015-12-18
Application & Investment Details
Retail — Min (1 Lots)₹1,02,400 — 1,600 shares
Retail — Max (13 Lots)₹1,331,200 (13 Lots)
HNI — Min (2 Lots)₹2,04,800 — 3,200 shares
Net Offer to Public35,92,000 shares (aggregating up to ₹22.99 Cr)
Reserved for Market Maker1,92,000 shares (aggregating up to ₹1.23 Cr)
Pre-IPO Promoter Holding18,27,000 shares
Post-IPO Promoter Holding56,11,000 shares
About Suncare Traders Ltd.
incorporated in 1997, Suncare Traders Ltd (SCTL) is in the business of trading into laminates, plywood/MDF. It has exclusive distributorship of Olive brand laminates manufactured by Bloom Dekor Limited.In the initial year SCTL worked as distributors of laminates, MDF in Gujarat and later on in the year 2009 it started branch at Hyderabad, Jaipur, Chennai, Bhiwandi and Chandigarh. At present, the Company is having its branch at Jaipur for catering the demand of Rajasthan and at Bhiwandi for catering the demand of Maharashtra. The Company trades in laminates with varieties like Olive, Olive Saga, Olive Garden, Post Mail Sheet and Sigma etc.
Objects of the Issue
Suncare Traders Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To Acquire 50% stake in the Madhav power Private Limited
22.31
2
2 General Corporate Purpose
1.41
3
3 Public Issue Expenses
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
18,27,000 shares
Post-IPO Promoter Holding
56,11,000 shares