Sorich Foils IPO is set to make its debut on 25th March 18 with 8.90 Cr is a company engaged in manufacturing and supplying a varied range of Aluminium Foils
Sorich Foils IPO – overview
| IPO Dates | 24-25 May 18 |
| IPO Price | INR 16 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,500,000 shares (INR 4 crore) |
| Minimum bid (lot size) | 8000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Company Overview
Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.
The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.
Objects of the Issue
1. To meet the working capital requirement; and
2. To meet the expenses of the Issue
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 1,599.39 | 1,663.38 | 1,528.47 |
| Total Revenue | 2,659.08 | 2,689.88 | 2,506.66 |
| Profit After Tax | 32.85 | 18.86 | 22.48 |
Company Contact Information
Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670
Email: cs@sorichfoils.in
Website: http://www.sorichfoils.in
Sorich Foils IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sorich.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Sorich Foils IPO Lead Manager(s)
- Saffron Capital Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
