Sikko Industries Ltd IPO Review – Issue Closes On 7th April

Sikko Industries Ltd IPO Review

Sikko Industries Ltd initial public offering is open in the NSE SME exchange from 5th April, 2017 to 7th April, 2017. Tomorrow is the last date of applying in this IPO. So this post we will post Sikko Industries Ltd IPO Review and the pros and cons of investing in the same.

Issue Details:
Issue Date: April 5, 2017 – April 7, 2017
Money To Be Paid On Application: Rs. 320
Issue Price: Rs. 32 per equity share
Minimum Application: 4000 shares
Listing Exchange: NSE SME

Issue Objective:

1) Issue expenses
2) General corporate purposes

Promoters:
Shri Ghanshyambhai Kumbhani
Shri Jayantibhai Kumbhani

About The Company:
Established in the year 2000, Sikko Industries Ltd are amonst the premier processors and suppliers of quality range of Organic Pesticides, Organic Fungicides, Bio Fungicides, Chemical Fungicides, NPK Fertilizers, Soil Conditioners, Sea-weed Based Fertilizers, Seeds & Pharma Products.

They have reached good position in the market in the field of processing pesticides. Its a ISO 9001:2008 as well as ISO 14001:20004 certified organization. The company official website can be reached HERE.

Company Financials:
Sikko Industries Ltd Financials
Sikko Industries Ltd is constantly showing growth in the turnovers and profitability as observed from the financial data given above. Now even in the first 9 months of the FY 2017 they have shown increase of both in turnover and profits.

Sikko Industries Ltd IPO Review: In March end and April we have seen quite a number of NSE SME issues hitting the exchange. Now in NSE SME issues as these are small and medium sized companies there is higher amount of riskand not to be forgotten that even there are chances of higher amount of profits too. The constantly increasing profitability has voted for the company and we feel there can be some listing gains. People sitting with cash can apply for the issue. But one thing to be remembered being an NSE SME issue there is higher risk and only risk takers try applying in this IPO and hold for medium term.

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Author Bio

Indrajit Mukherjee

Indrajit is a professional blogger and trading system developer. Amibroker expert, Wordpress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.

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