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Suich Industries IPO Review, Dates, Allotment, Subscription, GMP & DRHP

Let’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. 


Suich Industries IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Suich Industries IPO

Suich Industries Limited IPOSuich 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 AllaghThe lead manager to the issue is Hem Securities Limited and the Registrar to this issue is Pantomath Capital Advisors Private Limited.



Suich Industries IPO Date

The opening and the closing date of Suich Industries IPO is not known yet.


Suich Industries IPO Subscription

Day / DateQIBNIIRIITotal 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 Finalization10-Jun-19
Refunds Initiation11-Jun-19
Credit of Shares to Demat Account12-Jun-19
Share Listing Date13-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:

  1. Mobile Battery (including Power Bank)
  2. TV Sets
  3. Mobile Phones & Chargers
  4. 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-1831-Mar-1831-Mar-1731-Mar-16
Total Assets1 1,417.981 4,042.157,270.707 ,895.58
Total Revenue14,015.7220,278.6114,436.5110,657.52
Total Expense12,567.2119,409.5213,809.8410,245.29
Profit After Tax1,148.18742.92532.51300.52

Earnings per Equity Share (in lakhs)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted6.684.782.70

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 Issue1,11,29,000 Equity Shares
 Equity Shares outstanding after the IssueUpto [●] 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 EPSRONW in %NAV (Rs.)
31-Mar-162.7010.92
31-Mar-174.7816.21
31-Mar-186.6818.45
36.19
  • Price to Earnings (P/E) ratio in relation to Issue Price of [●] per Equity Share of face value of Rs. [●] each
ParticularsP/E ratio
Highest40.45
Average40.45
Lowest40.45
  • Competitive Peers:
Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1Suich Industries
Limited
106.68[●]18.4536.19
2Dixon Technologies
(India) Limited
1054.5140.4519.34278.12

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:
Investor Grievance Id:
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:
Investor Grievance Id:
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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

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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