IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size13,52,000 shares (aggregating up to ₹4.06 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 23 Aug 2017
Subscription CloseMon, 28 Aug 2017
Anchor AllotmentTue, 22 Aug 2017
Basis of AllotmentSun, 03 Sep 2017
Initiation of RefundsMon, 04 Sep 2017
Credit of Shares to DematMon, 04 Sep 2017
Listing DateTue, 05 Sep 2017
UPI Mandate Deadline2017-08-28
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
Net Offer to Public12,80,000 shares (aggregating up to ₹3.84 Cr)
Reserved for Market Maker72,000 shares (aggregating up to ₹0.2160 Cr)
Pre-IPO Promoter Holding30,90,233 shares
Post-IPO Promoter Holding44,42,233 shares
About Shish Industries Ltd.
Incorporated in 2014, Shish Industried Ltd (SIL) is engaged in the manufacturing of Plastic Twin wall and Multi wall corrugated sheets.They are manufacturing Saffguard and Stagguard which are twin wall or Multi Wall Boards made from Plastic resin bought from world's best manufacturer. They manufacture mainly 1.3 meter width corrugated sheets ranging from 2mm to 5mm thickness and 1.6 meter ranging from 2mm to 12mm thickness. They also manufacture Plastic fluted boards which are availiable in various thicknesses and colors ranging from 1.5 mm to 15 mm depending upon the requirement of the client. The Plastic hollow sheet has advantages over craft paper and wood products that it is weather and chemical resistant and will typically last longer, giving long-term cost savings. Their products are available in basic colour i.e. Yellow, Siliver, Blue, White, Black and Grey. However, as per the requirement of clients the facility of customized colors is also provided for bulk orders.They started exporting its products to various countries viz U.A.E, Myanmar and Oman and also enhance production capacity by installing additional machinery for manufacturing variety of products especially Polypropylene (PP) Corrugated Plastic Rolls which is an extruded 3ply and 5ply (GSM from 275GSM > 1000GSM) fluted PP corrugated plastic sheets consisting of two / multi flat walls connected by vertical ribs. The plastic corrugated sheets are flexible and as well as tough, to use in various industries and application like Construction - Building, Humanitarian Relief, Signage Board, Pet enclosures Packaging, Hobby Applications, Medical, Advertisement etc.
Objects of the Issue
Shish Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
2
Incremental Working Capital
0.74
3
General Corporate Purpose
0.95
4
Public Issue Expenses
0.36
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,90,233 shares
Post-IPO Promoter Holding
44,42,233 shares