Incorporated in 2008, Delhi-based Suich Industries Limited was previously known as Delhi Fone N Batteries Pvt Ltd. It is engaged in assembling and marketing of feature & smart phones, batteries, chargers, power bank, LED TV and smart TV under the Suich brand name.
The company imports the equipment and assembling parts from China. It has a manufacturing unit at State Infrastructure and Industrial Development Corporation of Uttarakhand Limited (SIIDCUL) in Haridwar where it assembles the products.
Recently, the company has also entered into exports business for its products. Suich Industries Limited is also involved in the trading activity of finished products between manufacturers and distributors on-demand basis. Blue Wave Trading H.K. Ltd is the wholly owned subsidiary of the company to procure the raw materials. The company has also set up a Research & Development Centre (R&D) focusing on the expansion of the product portfolio.
The competitive strength of the company are:
1. Wide product range
2. Cost-effective procurement
3. Catering to rural areas
4. Pocket-friendly products
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by our company | ₹1 |
| 2 Funding the working capital requirement of the Company | ₹24 |
| 3 General corporate purposes | ₹3 |
| Metric | 31-Dec-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Total Assets | 11,418 | 14,042 | 7,271 |
| Revenue | 14,006 | 19,979 | 14,275 |
| PAT | 1,148 | 743 | 533 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,952,000 (47%) | — |
| Retail (RII) | — | 1,955,200 (48%) | — |
| Market Maker | — | 208,000 (5%) | — |
| Total | — | 4,115,200 (100%) | — |
* Amount calculated at upper price band (₹75) · ** Total includes all investor categories
- 1 Initiation of Refund 11 Jun 2019
- 2 Credit of Shares to Demat 12 Jun 2019
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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