Suich Industries IPO Review, Dates, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Suich Industries IPO release date, IPO offer price, subscription, Suich Industries IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Suich Industries Limited imports the parts and equipment from China to assemble them in the manufacturing facility situated at Haridwar. Gunnit Singh Allagh and Sanchit Allagh started the business as a wholesale trading and distribution concern for mobile and mobile accessories in New Delhi, India.
- Issue Price of this IPO is NA . Check the Live Share Price here Suich Industries Share Price
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Suich Industries IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Suich Industries IPO
Suich Industries Limited is engaged in the business of manufacturing and dealing in products based on Polyvinyl Chloride (PVC) which inter alia include Roofing sheets, pipes, self drilling screws and roofing solutions. Apart from these products the Company also trades and manufactures Polycarbonate roofing sheets. This company markets its products through its dealer network spread out across Southern India. Issue of up to 45,47,200* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements:
- As per restated standalone financial statements for the period ended on December 30, 2018 and fiscal year ended on March 31, 2018, March 2017 and March 31, 2016, the total revenue of the Company stood at Rs. 7,216.66 lakhs, 10276.90 lakhs, Rs. 8434.44 lakhs, Rs. 6780.04 lakhs respectively.
- The net asset value per Equity Share was Rs. 46.48 and Rs. 36.19 as of December 30, 2018 and March 31, 2018, respectively, as per the Restated Standalone Financial Statements.
- The net worth as of March 31, 2018 is Rs. 4,027.38 lakhs, as per the Restated Ind AS Consolidated Summary Statement of Assets and Liabilities.
- The PAT for the period ended on December 30, 2018 and fiscal year ended on March 31, 2018, March 31, 2017 and March 31, 2016 stood at Rs. 1,113.15, 693.70 lakhs, Rs. 514.56 lakhs, Rs. 280.81 lakhs respectively.
The Promoters of this company are Gunnit Singh Allagh and Sanchit Allagh. The lead manager to the issue is Hem Securities Limited and the Registrar to this issue is Pantomath Capital Advisors Private Limited.
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Suich Industries IPO Date
The opening and the closing date of Suich Industries IPO is not known yet.
Suich Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| 5th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated here.
Suich Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | 10-Jun-19 |
| Refunds Initiation | 11-Jun-19 |
| Credit of Shares to Demat Account | 12-Jun-19 |
| Share Listing Date | 13-Jun-19 |
Suich Industries IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Suich Industries IPO Equity Share Offering
Issue of up to 45,47,200* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs.
Suich Industries Limited – Company Overview
Suich Industries was originally incorporated as “Delhi Fone N Batteries Private Limited” at Delhi, as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated July 17. This Company was converted into a public limited company pursuant to special resolution passed by the members in Extraordinary General Meeting held on February 06, 2018 and the name of the Company was changed to Suich Industries Limited.
Suich Industries through its subsidiary as well as individually, imports the parts and equipment from China to assemble them in the manufacturing facility situated at Haridwar. Expanding its product portfolio,Company launched its first mobile power bank in 2012.
Company’s Product Variants:
Further, leveraging their experience in the industry, Company started manufacturing newer variants of Power banks 7,500 mAH and 10,000 mAH and launched feature mobile phones in 2014. Subsequently, to become a consumer electronics based Company, they launched Light Emitting Diode (LED) TV sets in 2016. the Company is also engaged in trading activity, where it purchases finished products from other manufacturers and sells it to the distributors as per the demand.
Decision of trading activity is taken by management considering various business factors such as the financial feasibility of meeting the orders through in-house manufacturing or trading the items. They have since the inception focussed on selling the products to Northern India specifically catering to rural areas and Tier-2 and Tier-3 cities.
Range of products:
- Mobile Battery (including Power Bank)
- TV Sets
- Mobile Phones & Chargers
- Other Accessories
Competitive Strengths of Suich Industries Limited:
- Wide range of products
- Experienced Management and employee
- Catering to niche segment
- Cost effective procurement
- Tax incentives.
Business strategies of Suich Industries Limited:
- Increasing capacity utilization
- Widening distributors network
- Online marketplace
- Introducing newer product range
Suich Industries Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | ||||
| 30-Dec-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 1 1,417.98 | 1 4,042.15 | 7,270.70 | 7 ,895.58 |
| Total Revenue | 14,015.72 | 20,278.61 | 14,436.51 | 10,657.52 |
| Total Expense | 12,567.21 | 19,409.52 | 13,809.84 | 10,245.29 |
| Profit After Tax | 1,148.18 | 742.92 | 532.51 | 300.52 |
Earnings per Equity Share (in lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 6.68 | 4.78 | 2.70 |
From the above statements, one could find that the Suich Industries Limited may perform well.
Suich Industries IPO – Promoters
The Promoters of this company are:
- Gunnit Singh Allagh
- Sanchit Allagh
List of Related Parties (Key Managerial Personnel)
- Mr. Subbiah Venkatachalam – Chief Financial Officer (CFO)
- Mr. S Raghavan – Company Secretary and Compliance Officer
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Suich Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Issue of up to 45,47,200* Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs |
| Of which: | |
| Reserved for Market Makers | [●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●] /- per Equity share aggregating Rs. [●] Lakhs |
| Net Issue to the Public | Up to [●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. [●] /- per share aggregating Rs. [●] Lakhs |
| Of which: | |
| QIB Portion |
No shares shall be reserved for allocation to QIBs. |
| Retail Investors Portion | [●] Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs i.e. 50% of the Net Issue shall be available for allocation Retail Individual Investors |
| Non-Retail Investors Portion | [●] Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs i.e. 50% of the Net Issue shall be available for allocation for Investors other than Retail Individual Investors |
| Equity Shares outstanding prior to the Issue | 1,11,29,000 Equity Shares |
| Equity Shares outstanding after the Issue | Upto [●] Equity Shares |
Suich Industries IPO Issue Object
These are the IPO Issue Objects of the company
- To meet Working Capital Requirement
- Repayment of a portion of loans
- General Corporate purpose and
- To meet the Issue Expenses
Suich Industries IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Wide range of products
- Experienced Management and employee
- Catering to niche segment
- Cost effective procurement
- Tax incentives.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW in % | NAV (Rs.) | |
| 31-Mar-16 | 2.70 | 10.92 | – |
| 31-Mar-17 | 4.78 | 16.21 | – |
| 31-Mar-18 | 6.68 | 18.45 |
36.19 |
- Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. [●] each
| Particulars | P/E ratio |
| Highest | 40.45 |
| Average | 40.45 |
| Lowest | 40.45 |
- Competitive Peers:
| Sr. No. | Particulars | Face Value (in Rs.) | Basic EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| 1 | Suich Industries Limited |
10 | 6.68 | [●] | 18.45 | 36.19 |
| 2 | Dixon Technologies (India) Limited |
10 | 54.51 | 40.45 | 19.34 | 278.12 |
Suich Industries IPO Lead Managers
| Lead Managers |
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Hardik Bhuta SEBI Registration No:INM000012110 |
Suich Industries IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra , India Tel: +91 22 4918 6200 Fax: +91 22 4918 6195 Website: www.linkintime.co.in Email: suich.ipo@linkintime.co.in Investor Grievance Id: suich.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Other Details:
- Statutory Auditor – M/s. Amarnath Sharma & Co.
- Peer Review Auditor -M/s. Amarnath Sharma & Co.
- Bankers to the Company – NA
Suich Industries IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Suich Industries IPO Grey Market Premium
The Suich Industries IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Suich Industries IPO News
News 1 – IPO ISSUE OPENS SOON [Download Prospectus]
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