Shish Industries IPO is all about to make its debut on 23 Aug 2017 with issue size of INR 4.06 Cr
Shish Industries Ltd (SIL), a company founded in 2014, produces plastic twin-wall and multi-wall corrugated sheets. They produce Safeguard and Stag guard, twin wall or multi-wall boards made of plastic resin purchased from the best manufacturer in the world. They mostly produce corrugated sheets with a width of 1.3 meters and a thickness of 2 to 5 and 12 to 16 mm, respectively.
In accordance with the needs of the customer, they also produce plastic fluted boards, which come in a variety of thicknesses and colors ranging from 1.5 mm to 15 mm. Compared to craft paper and wood products, the plastic hollow sheet has the benefit of being weather- and chemical-resistant and lasting longer, which results in long-term cost savings.
INDUSTRY OVERVIEW
The growth and development of important industries including automotive, construction, electronics, healthcare, textiles, and FMCG are greatly influenced by India’s plastic industry. In order to expand their capacity for both domestic and foreign markets, the petrochemical and plastic machinery industries are also helping the plastic processing industry flourish. From FY10 to FY15, the volume of the plastic processing sector increased at a CAGR of 10%, and from FY15 to FY20, a CAGR of 10.5% is anticipated. The plastics sector has the potential to draw foreign capital and support India’s goal of becoming a global manufacturing center.
However, the industry encounters difficulties like environmental worries, a lack of cutting-edge technology, a lack of adequate infrastructure, and unstable feedstock pricing. The government is taking steps to increase infrastructure spending, which will increase demand for plastics across a variety of industries.
Shish Industries IPO Details
| IPO Date | Aug 23, 2017 to Aug 28, 2017 |
| Listing Date | Sep 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,352,000 shares(aggregating up to ₹4.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 0.0 | 0.5 | 97.5 | 387.8 | 536.7 | |
| Total expenses | 1.7 | 3.0 | 136.0 | 383.0 | 528.7 | |
| Profit after tax | -1.2 | -1.7 | -26.6 | 3.3 | 5.5 |
Objects of the Issue
The issue’s targets are:
1. Capital Investment
2. Need for Working Capital
3. Corporate general purposes
4. Meeting public issue costs
Shish Industries IPO Prospectus
Company Contact Information
Shish Industries Ltd
Survey No: 265/ 266, Block No: 290,
Block No.290,B/1 Paiki 1
Pipodara Mangrol , Surat – 394110
Phone: +91-9826566698
Email: compliance@shishindustries.com
Website: http://www.shishindustries.com
Shish Industries IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Shish Industries IPO Lead Manager(s)
- Corporate Capitalventures Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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