Siddhika Coatings Limited
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Siddhika Coatings Limited's successfully completed its Initial Public Offering and commenced trading on Apr 07, 2021 at the NSE exchange. The company raised 8,24,000 Shares through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹57 to ₹57, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Mar 24, 2021 to Mar 26, 2021.
Share allotment was finalized on Apr 05, 2021, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2010, Siddhika Coatings Ltd is a key supplier of SK Kaken Ltd (Japan) products and specialist paints in India. As a strategic channel partner of SKK, the company provides architectural coatings supplies and application services, including interior and exterior surface coatings using organic, inorganic, and technical-grade functional pigments. It serves real estate developers, government and private entities, IT companies, hospitality leaders, business park developers, and prominent architects. Over the past three years, Siddhika Coatings has successfully completed 160+ projects across 11 states and operates through branches in Delhi, Haryana, Uttar Pradesh, Rajasthan, Himachal Pradesh, Karnataka, Tamil Nadu, Telangana, West Bengal, Gujarat, and Maharashtra.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Texture Paint Provider: India’s largest contract company for SKK brand.
- Quality Assurance: Maintains high standards in products and services.
- Experienced Leadership: Promoters supported by a skilled management team.
- Wide Presence: Branches and operations across the country.
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