Sirca Paints India IPO is set to make its debut on 16th May 18 with 77.92 Cr is a company engaged in marketing and trading/distributor of paints and allied products.
Sirca Paints India IPO – overview
| IPO Dates | 16-22 May 18 |
| IPO Price | INR 160 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,870,000 shares (INR 77.92 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Sirca Paints India IPO – Tentative Dates
| IPO Offer Opening Date | 23 May 2018 |
| IPO Closing Date | 25 May 2018 |
| Finalization of Basis of Allotment | 30 May 2018 |
| Initiation of refunds | 31 May 2018 |
| Transfer of shares to demat accounts | 1 June 2018 |
| IPO Listing Date | 4 June 2018 |
Company Overview
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 domestic
suppliers, 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 trademark
SIRCA 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.
Objects of the Issue
1. To finance the expenditure of Site/Plant Development and Purchase of Plant and Machinery
2. To part finance incremental working capital requirements of the Company;
3. To meet General corporate purposes;
4. To meet the expenses of the Issue.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 6,131.25 | 4,507.57 | 3,341.52 |
| Total Revenue | 8,434.17 | 7,266.09 | 6,976.85 |
| Profit After Tax | 1,370.34 | 727.62 | 617.88 |
Company Contact Information
Sirca Paints India Limited
504, NDM-II,
Netaji Subhash Place Wazirpur,
Pitampura, New Delhi-110034
Phone: + 91-11-42083083
Email: admin@sircapaints.com
Website: http://www.sircapaints.com
Sirca Paints IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Sirca Paints IPO Lead Manager(s)
- Navigant Corporate Advisors Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
