Sorich Foils Private Limited SME IPO

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. 

Issue Details

Sorich Foils Private Limited SME IPO
 Issue Open

 May 24, 2018 - May 28, 2018 
 Issue Price  Rs 16 Per Equity Share 
 Market Lot  8000 Shares 
 Minimum Order  Quantity  8000 Shares 
 Issue Size  2,500,000 Equity Shares of Rs 10 aggregating up to Rs 4.00 Cr  
 Face Value  Rs 10/-
 Listing At  NSE SME

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.

Objectives of the Issue:

The Objects of the Issue are-
1. Part Repayment/prepayment of Unsecured Loans availed by the Company; and
2. General corporate purposes.

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