Siddhika Coatings Limited IPO (Siddhika Coatings IPO) Details

Siddhika Coatings Limited IPO

Siddhika Coatings Limited IPO (Siddhika Coatings IPO) Details

Siddhika Coatings Limited IPO Details: This company is a leading producer of Indian painting and SKK materials. SKK is a Japanese manufacturer of coatings and pigments and is a strategic channel affiliate of SKK, which provides Architectural Coatings Supplies and Apps in India. The company also provides application services such as interior and exterior coverings for civil structures with organic, inorganic, and functional pigments.

It offers products to real estate developers, governmental and private businesses, such as IT companies, hotel managers, business park owners, and other renowned architects. In the last three calendar years, it has successfully completed more than 160 programs in 11 States. It serves its customers through its subsidiaries in 11 states of India, including Delhi, Haryana, Uttar Pradesh, Himachal Pradesh, Rajasthan, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.

Siddhika Coatings Limited IPO Details:

IPO Opening Date March 24th, 2021
IPO Closing Date March 26th, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹57 per equity share
Market Lot 2,000 Shares
Min Order Quantity 2,000 Shares
Listing At NSE, SME
Issue Size 8,24,000 Eq Shares of ₹10

(aggregating up to ₹4.70 Cr)

Siddhika Coatings Limited IPO Details:

This company is a leading producer of Indian painting and SKK materials. SKK is a Japanese manufacturer of coatings and pigments and is a strategic channel affiliate of SKK, which provides Architectural Coatings Supplies and Apps in India. However, the issue is going to be opened on the 24th of March and it will be closed on 26th March 2021. Hence, the face value is Rs. 10/- per equity share. But, the IPO price is Rs. 57 per share. However, the minimum market lot is set at 2,000 shares per lot. Moreover, the minimum order quantity for buying is 2000 shares. Further, the stock listing at NSE, SME. Similarly, the issue of Equity shares is Rs. 10/- aggregating up to Rs. ₹4.70 Crores.

Objects of the Issue:

    • Meet working capital requirements.
    • General corporate purposes.
    • To meet issue expenses.

Prospectus Documents:

Siddhika Coatings IPO DRHP

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/

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