Suich Industries Ltd, a company situated in Delhi, was formerly known as Delhi Fone N Batteries Pvt Ltd before being incorporated in 2008. It produces and sells feature and smart phones, batteries, chargers, power banks, LED TVs, and smart TVs under the Suich brand. From China, the company imports the machinery and components for assembly. In Haridwar, at the State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL), it has a production facility where the goods are put together.
The business just started selling its products overseas as well. Suich Industries Limited is additionally engaged in the on-demand exchange of finished goods between producers and distributors. The company’s wholly owned subsidiary responsible for sourcing raw materials is called Blue Wave Trade H.K. Ltd. Also, the business established a Research & Development Center (R&D) whose primary goal is to increase the range of available products.
Suich Industries IPO Details
| IPO Date | May 30, 2019 to Jun 4, 2019 |
| Listing Date | Thursday, June 13, 2019 |
| Face Value | ₹10 per share |
| Price | ₹73 to ₹75 per share |
| Lot Size | 1600 Shares |
| Issue Size | 4,115,200 shares of ₹10 (aggregating up to ₹30.86 Cr) |
| Market Maker portion | 208,000 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Promoters Of the Company are Gunnit Singh Allagh and Sanchit Singh. |
Suich Industries IPO Tentative Dates
Suich Industries IPO opens on May 30, 2019, and closes on Jun 4, 2019. The Suich Industries IPO bid date is from May 30, 2019 10.00 A.M. to Jun 4, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | May 30, 2019 |
| Closing Date | Jun 4, 2019 |
| Basis of Allotment | Jun 10, 2019 |
| Initiation of Refunds | Jun 11, 2019 |
| Credit of Shares to Demat | Jun 12, 2019 |
| Listing Date | Jun 13, 2019 |
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 11,417.98 | 14,042.15 | 7,270.70 | 7,895.58 |
| Total Revenue | 14,005.73 | 19,978.97 | 14,275.35 | 10,645.95 |
| Profit After Tax | 1,148.18 | 742.92 | 532.51 | 300.52 |
Objects of the Issue
The following are the purposes for which the Company plans to use the Net Funds from the Issue:
- The company’s prepayment or repayment of some unsecured loans obtained from banks and other financial organisations;
2. General corporate reasons,
- meeting the company’s need for working capital.
Suich Industries IPO Prospectus
Company Contact Information
Suich Industries Limited
Plot No – 68, 3rd Floor,
Block No. 5 W.E.A,
Naiwala, Karol Bagh New Delhi 110005,
Phone: 011-45607111
Email: info@suichgroup.com
Website: http://www.suichgroup.com/
Suich Industries IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: suich.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Suich Industries IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
