Suich Industries Limited IPO
(i) The business was started by Gunnit Singh Allagh and Sanchit Allagh as a wholesale trading and distribution concern for mobile and mobile accessories in New Delhi, India. After gaining experience and foreseeing the opportunity in the Indian mobile market, they incorporated the Company in 2008 initially for
manufacturing of mobile phone batteries and mobile phone chargers.
(ii) To reap the benefits of tax incentives, they strategically purchased land and set up a manufacturing facility at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar, Uttarakhand spread over an area of 7,500 sq. meters.
(iii) The Company through its subsidiary as well as individually imports the parts and equipment from China and assemble them at their manufacturing facility situated at Haridwar.
(iv) In 2012, to expand its portfolio the company launched mobile power bank. Further, leveraging their experience in the industry, the company started manufacturing newer variants of Power banks 7,500 mAH and 10,000 mAH and launched feature mobile phones in 2014.
(v) In 2016, to become a consumer electronics based Company, they launched Light Emitting Diode (LED) TV sets in 2016.
(vi) Since inception, the company has focussed on selling the products to Northern India specifically catering to rural areas and Tier-2 and Tier-3 cities where feature mobile phones and mobile phone accessories are easily marketable.
(vii) They have strived to keep themselves an asset-light and accordingly, they sell the entire products directly to the wide distributor’s network avoiding the need of setting up own retail outlets.
Products of the Company
The Company assembles and markets these products under its own brand name, “Suich”
Objects of the Suich Industries Limited IPO:
Suich Industries Limited IPO Details:
|Open Date:||May 30 2019|
|Close Date:||Jun 04 2019|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Building|
|Issue Size:||30.86 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 73-75 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||May 14 2019|
Financials of Suich Industries Limited IPO:
Comparison With Peers:
Recommendation on Suich Industries Limited IPO:
Lead Manager of Suich Industries Limited IPO:
Registrar of Suich Industries Limited IPO:
Bid Details of Suich Industries Limited IPO as on
04 Jun 2019 | 05:00:00 PM
|Category||No.of shares offered||No. of shares bid|