Business Standard

Sikko Industries Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

5.12 cr

Price Range (₹)

32

Lot Size

4000

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

05-Apr-2017

Close Date

07-Apr-2017

Listing Date

18-Apr-2017

Sikko Industries Ltd News

    The Shares of Sikko Industries Ltd have now been listed.

    Sikko Industries Ltd IPO Details

    Public issue of 16,00,000 equity shares of face value of Rs. 10 each of Sikko Industries Limited (SIL or The company or The Issuer) for cash at a price of Rs. 32 per equity share including a share premium of Rs. 22 per equity share (The Issue Price) aggregating to Rs. 5.12 crores (The Issue), of which 80,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 32 per equity share including a share premium of Rs. 22 per equity share aggregating to Rs. 0.26 crores will be reserved for subscription by market maker to the issue (The market maker reservation portion). The issue less the market maker reservation portion i.e. Net issue of 15,20,000 equity shares of face value of Rs. 10 each at a price of Rs. 32 per equity share including a share premium of Rs. 22 per equity share aggregating to Rs. 4.86 crores is herein after referred to as the net issue. The issue and the net issue will constitute 28.57% and 27.14%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10 each and the issue price is 3.2 times of the face value.

    Objective of issue

    Working Capital Requirement. General corporate purpose.

    Sikko Industries Ltd Contact Details

    Sikko Industries Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

    Phone - 91-22-23010771/23018261

    Fax - 91-22-23012517

    Email - compliance@sikkoindia.com

    Website - www.sikkoindia.com