Sorich Foils Limited IPO
Issue Analysis :
| Issue opens | May 24, 2018 |
| Issue Closes | May 28, 2018 |
| Issue Price | Rs 16 |
| Lot Size | 8000 |
| Issue Size | 4.00 Cr |
| Lead Manager | SAFFRON CAPITAL ADVISORS PRIVATE LIMITED |
| Registrar | LINK INTIME INDIA PRIVATE LTD |
| Platform | NSE |
Company’s Snapshot :
Incorporated in 2011, Gujarat based Sorich Foils Private Limited is a company engaged in manufacturing and supplying a varied range of Aluminium Foils for Blister, Strip Foils, Cold Forming Foil, Coated Glassine Paper for Blister, Laminated Glassine Paper for Strip Pack, Child Resistant (CR) Foils, Aluminium Lid Foils, Triple Laminates, Flexible Packaging for Pharma & Food Industries, also FMCG packaging materials. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging.
The manufacturing facilities of the Company is currently located in Valsad, Gujrat. The company has 38 employees on its payroll.
Object of the Issue :
The Object of the Issue is
- Part Repayment/prepayment of Unsecured Loans availed by the Company; and
- General corporate purposes.
Financial Highlights :
| Summary of financial Information (Restated) | ||||||
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,599.39 | 1,663.38 | 1,528.47 | 959.68 | 956.16 | |
| Total Revenue | 2,659.08 | 2,689.88 | 2,506.66 | 2,285.93 | 1,963.30 | |
| Profit After Tax | 32.85 | 18.86 | 22.48 | 20.37 | 23.96 | |
Company Promoters:
The company is promoted by Chandrahas Kotian. He currently holds 27,48,024 Equity Shares, constituting 47.11% of the pre – Issue issued, subscribed and paid-up equity share capital of the Company.
Contact Company Information:
Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670
Email: cs@sorichfoils.in
Website: http://www.sorichfoils.in
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