Siddhika Coatings IPO
Siddhika Coatings Limited is a strategic channel partner in India for SK Kaken Ltd. (SKK). It is an authorized importer of SKK’s products in India from SKK Singapore Pte. Ltd. SKK is a renowned coatings and pigments manufacturer based in Japan. Having been associated with SKK for over 15 years, the company has gained the reputation of being one of the well-known suppliers of their products in India. Siddhika Coatings Limited provides application services that include preparing and coating interior as well as exterior surfaces of civil structures using organic and inorganic architectural textured pigments and technical-grade functional coatings. In addition, to apply and supply to the majority of the clients, they also provide technical support service along with a supply of products wherein the experienced team provides technical know-how, guidance, and equipment for paint/coatings application. Currently, Siddhika is placed as one of the older marketers for SKK products and its specialist paint and application service providers in India.
It provides supplies to the various eminent architects, real estate developers as well as government and private entities in India. Their PAN India network of application specialists enabled the company to execute projects for big names across various industries over the past decade. The Restated Consolidated Financial Statements show that the company has grown its total revenue at a CAGR of 11% from Rs. 2197.63 lakhs to Rs. 3012.53 lakhs in Fiscal 2018 to Fiscal 2020 respectively. The Company is gradually expanding its presence to various cities in India. Currently, it has branch offices across 11 states, including Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh,
Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
i. Experienced Promoter and Management Expertise.
ii. Has an excellent record of providing quality services.
iii. Good Track Record and Customer Retention.
iv. Largest contract company for SKK brand.
Objects of the Siddhika Coatings IPO:
Siddhika Coatings IPO Details:
|Open Date:||Mar 24 2021|
|Close Date:||Mar 26 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||4.70 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 57 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Apr 05 2021|
Promoters And Management:
Financials of Siddhika Coatings IPO:
Comparison With Peers:
Recommendation on Siddhika Coatings IPO:
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