Sorich Foils Limited IPO issue of 25,00,000 equity shares of face value of Rs. 10 each of Sorich Foils Limited (‘sfl’, company or the issuer) for cash at a price of RS.16 per equity share (issue price) including share premium of Rs. 6 per equity share aggregating to Rs. 4 CRORES (THE ISSUE), OF WHICH 2,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 each for a cash price of Rs. 16 per equity share, aggregating to Rs. 0.32 Crores will be reserved for subscription by market maker (market maker reservation portion). The Sorich Foils Limited IPO issue less the market maker reservation portion i.e. Issue of 23,00,000 equity shares of face value of 10 each at an issue price of Rs. 16 per equity share aggregating to Rs. 3.68 Crores (is hereinafter referred to as the net issue). The Sorich Foils Limited IPO issue and the net issue will constitute 30.00% and 27.60%, respectively of the fully diluted post issue paid up equity share capital of the Company. The face value of the equity shares is Rs. 10 each and the issue price is 1.6 times the face value of the equity shares.
About Sorich Foils Limited
Company was incorporated as ‘Sorich Foils Private Limited’ on January19, 2011 under the Companies Act, 1956, with the Registrar of Companies, Ahmedabad, Gujarat. Pursuant to a special resolution of our Shareholders dated January 31, 2018, The Company was converted into a public limited company and a fresh certificate of incorporation consequent to the conversion was issued to Company by the Registrar of Companies, Ahmedabad, Gujarat on February 7, 2018. The Corporate Identification Number of the Company is U27203GJ2011PLC063709.
Established in the year 2011, the Company is an ISO 9001: 2015 certified 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 manufactured using quality raw material, which is sourced from reliable vendors of the market. This range is designed & developed utilizing advanced machinery and latest technology in complete adherence with the industry laid norms and standards. The offered range is appreciated among the clients for its features such as Water Vapor Resistance, Moisture & chemical barrier properties. These products are widely applicable in different industries such as Pharmaceutical Industries, FMCG packaging, Food and dairy industries, Confectionery / Chocolate industries & Personal Care Packaging. There is in house quality check department to check the entire range on different parameters to maintain its authenticity throughout the manufacturing process.
About Sorich Foils Limited IPO
|IPO Size (In Cr.)||Open Date||Close Date||Draft Prospectus|
|Sorich Foils Limited IPO||4.00||24.05.2018||28.05.2018||DRHP|
- Lot Size: Minimum Application for 8000 shares of Rs. 16/- each with further multiples of 8000 shares
- Allotment: 01-June-2018
- Credit to demat accounts: 05-June-2018
- Listing: 06-June-2018
- Purpose of Issue: General corporate purposes and repayment of loans.
Sorich Foils Limited IPO Registrar
Link Intime India Private Ltd
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Sorich Foils Limited IPO Lead Manager
Saffron Capital Advisors Private Limited
Sorich Foils Limited IPO Management
The company is promoted by Chandrahas Kotian.
Sorich Foils Limited IPO Contact Info
Sorich Foils Limited
Plot No. 4802/1, Plastic Zone
GIDC, Sarigam, Tal: Umbergaon,
Dist: Valsad, Gujrat-396155
Phone: +91 260 2780670