About the Company:
Suich Industries assembles and markets various products like Mobile Battery (including Power Bank), Mobile Phones, Mobile Chargers, TV Sets and Other Accessories under its own brand name, “Suich”.
Company’s manufacturing facility is strategically purchased a 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.
Company through its subsidiary as well as individually, imports the parts and equipment from China to assemble them in our manufacturing facility situated at Haridwar.
Company also entered the consumer electronics segment by launching LED TV sets in 2016.
Company mainly focuses on selling the products to Northern India specifically catering to rural areas and Tier-2 and Tier-3 cities. Recently Company has also ventured into exports of its products.
Products Manufactured by the Company:
- Mobile Battery.
- Mobile Charger.
- Power Bank.
- LED TV and SMART TV.
Product wise break-up of Revenue from Operation: (in Lakhs)
Unit-wise sales breakup of Products are as under: (Figures in nos.)
Subsidiary Company:
Company has set up a wholly owned subsidiary, Blue Wave Trading H.K. Ltd, with a view to procure the raw materials for our Company. As raw materials are majorly procured from China, a local set-up helps for better price negotiation from quality material suppliers.
Company’s Distributorship Network:
Company currently has a distributor network of 20 distributors in Northern India. As company relies solely on their distributor network for sales activity and plans expand the distributor network so as to penetrate more into Tier-2 and Tier-3 cities.
Company’s Capacity Utilization: (No. in units)
Management Team:
- Mr. Gunnit Singh Allagh (Designation: Chairman and Managing Director)
- Mr. Sanchit Allagh (Designation: Whole Time Director)
Objectives of the Issue:
- Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions.
- Funding the working capital requirement.
- General corporate purposes
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | FY 18 | 31st Dec 18 |
|---|---|---|---|---|
| Revenue | 106.57 | 144.36 | 202.78 | 140.15 |
| Net Profit | 3.0 | 5.32 | 7.42 | 11.48 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Suich Industries Ltd | 10 | 6.68 | 11.22 | 18.45% | 36.19 |
| Dixon Technologies Ltd | 10 | 54.51 | 40.45 | 19.34% | 278.12 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th May 2019 |
| Issue Closes on:. | 4th June 2019 |
| Issue Price | Rs.73 – 75 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 29% |
| Issue Size | Rs.34.1 cr |
| Market Cap | Rs.117.5 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 45,47,200 |
| Equity Shares Prior to the Issue | 1,11,29,000 |
| Equity Shares after the Issue | 1,56,76,200 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 10th June 2019 |
| Initiation of Refunds | on or Before 11th June 2019 |
| Credit of Equity Shares: | on or Before 12th June 2019 |
| Listing Date: | on or Before 13th June 2019 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.68 | 11.22 | 18.45% | 36.19 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
|---|
| Suich Industries Limited Plot no – 68, 3rd floor, Block no. 5 W.E.A, Naiwala, Karol Bagh New Delhi-110 005 India Tel: 011-45607111 Email: info@suichgroup.com Website: www.suichgroup.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra , India Tel: +91 22 4918 6200 Email: suich.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Maharashtra, India Tel: +91-22 6194 6700 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
