Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (SKK) products and its specialist paint in India. SKK is a Japan-based coatings and pigments manufacturer, and being a strategic channel partner of SKK, Siddhika Coatings Ltd is engaged in the business of supplying Architecture & Applications in India. The firm also offers application services like coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural pigments and technical-grade functional coatings.
It supplies products to real estate developers, government and private entities i.e. IT companies, hospitality leaders, business park developers, and various eminent architects in India. It has successfully completed 160+ projects across 11 states in India over the last 3 calendar years. It is serving its customers through its branches in 11 states of India i.e. Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
Competitive strengths
- India's largest texture paint contract company of SKK brand.
- High-quality assurance.
- Experienced promoters and managers.
- Strong geographical presence with branches all over the country.
Company Promoters:
Siddhika Business Applications Private Limited is the promoter of the company.
Company Financials:
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 2,142.26 | 2,302.13 | 2,054.86 | 1,535.18 | |
| Total Revenue | 614.65 | 3,041.78 | 3,223.74 | 2,214.65 | |
| Profit After Tax | 19.98 | 295.86 | 351.14 | 256.44 | |
Objects of the Issue:
- Meet working capital requirements.
- General corporate Purposes.
- To meet issue expenses.
Siddhika Coatings IPO Details
| IPO Opening Date | Mar 24, 2021 |
| IPO Closing Date | Mar 26, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹57 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | 824,000 Eq Shares of ₹10 (aggregating up to ₹4.70 Cr) |
Siddhika Coatings IPO Lot Size
The Siddhika Coatings IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹114,000 |
| Maximum | 1 | 2000 | ₹114,000 |
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