Siddhika Coatings Ltd, established in 2010, is a significant provider of specialized paint and coatings manufactured by SK Kaken Ltd (SKK) in India. SKK is a coatings and pigments manufacturer based in Japan, and Siddhika Coatings Ltd is a strategic channel partner of SKK. The company’s primary business is to supply Architectural Coatings Supplies & Applications in India. Additionally, it provides application services that involve coating interior and exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.
Siddhika Coatings Ltd provides its products to a wide range of customers, including real estate developers, government and private entities such as IT companies, hospitality leaders, and business park developers, as well as renowned architects in India. Over the past three years, the company has successfully completed over 160 projects in 11 states across India. Its operations are conducted through its branches located in 11 states of India, namely Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra, serving its customers in those regions.
Siddhika Coatings IPO Details
| IPO Date | Mar 24, 2021, to Mar 26, 2021 |
| Listing Date | Wednesday, April 7, 2021 |
| Face Value | ₹10 per share |
| Price | ₹57 per share |
| Lot Size | 2000 Shares |
| Issue Size | 824,000 shares of ₹10 (aggregating up to ₹4.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Industry Overview
The coatings and pigments industry in India has been experiencing steady growth over the years, owing to the rising demand from various end-user industries, including construction, automotive, and consumer goods. In particular, the architectural coatings market, which includes coatings and paints for building and construction, has been a significant contributor to the industry’s growth in recent years.
According to industry reports, the coatings and pigments industry in India has been growing at a compound annual growth rate (CAGR) of approximately 6% over the past few years. The industry is expected to continue its growth trajectory in the coming years, driven by increasing demand from various end-user industries, as well as technological advancements and innovations in the coatings and pigments manufacturing processes.
Company Financials
| Particulars | For the year/period ended (₹ in Lakh) | |||
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 2,142.26 | 2,302.13 | 2,054.86 | 1,535.18 |
| Total Revenue | 614.65 | 3,041.78 | 3,223.74 | 2,214.65 |
| Profit After Tax | 19.98 | 295.86 | 351.14 | 256.44 |
Objects of the Issue
- Meet working capital requirements.
- General corporate Purposes.
- To meet issue expenses.
Siddhika Coatings IPO Prospectus
Company Contact Information
Siddhika Coatings Limited
L-9, Lower Ground Floor Kalkaji,
New Delhi, South Delhi, 110019, India
Phone: +(91)-(11)-41601441
Email: secretarial@siddhika.com
Website: http://www.siddhika.com/
Siddhika Coatings IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Siddhika Coatings IPO Lead Manager(s)
- Unistone Capital Pvt Ltd (Past IPO Performance)
