Suncare Traders Ltd is issuing an IPO to raise Rs. 24.22 crore. The company was incorporated in 1997 and is in the business of trading laminates and plywood, distributing the Olive brand of laminates. It has branches across India. The IPO aims to invest in a joint venture by acquiring 50% stake in Madhav Power Private Limited and providing Rs. 500 lakh debt financing. The fixed price IPO will be listed on the BSE SME exchange from December 15-18, 2015, offering 3,784,000 shares of Rs. 10 each at Rs. 64 per share.

1. New IPO by Suncare Traders Ltd
The Company was incorporated as Suncare Traders Private Limited on January 22, 1997 under the
Companies Act, 1956, with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, bearing
Registration Number - 04-31561 of 1996-97. Subsequently the Company was converted into public
limited Company and name of our company was changed to Suncare Traders Limited on April 11, 2000
vide fresh Certificate of Incorporation.
Business Overview:
The company is in the business of trading into laminates, plywood/MDF. The company has exclusive
distributorship of Olive brand laminates manufactured by Bloom Dekor Limited. In the initial year the
was the distributorsof laminates,MDFinGujarat and lateron in the year 2009 the company has started
branch at Hyderabad,Jaipur,Chennai,Bhiwandi and Chandigarh. At present, the Company is having its
branch at Jaipurfor cateringthe demandof state of Rajasthanandat Bhiwandi for catering the demand
of Maharashtra.
Company Promoter:
1. Mr. Karan Gupta.
2. Mr. Rajan Shah.
Board of Directors:
1. Mr. Rajanbhai Rameshchandra Shah (Director)
2. Mr. Karan Sunil Gupta (Director)
3. Mr. Kamleshbhai Rameshchandra Sompura (Additional Director)
4. Mr. Umang Devendrakumar Shah (Additional Director)
Objective of the Issue:
The objects of this Issue are as follows:-
1. To invest in a joint venture by acquiring 50% stake in Madhav Power Private Limited.
2. To Invest in a joint venture by providing debt of Rs 500.00 lacs to Madhav Power Private Limited
(MPPL).
3. General Corporate Purpose 4. Public Issue expenses.
Issue Detail:
1. Issue Open: Dec15, 2015 - Dec 18, 2015
2. Issue Type: FixedPrice Issue IPO
3. Issue Size:3,784,000 EquitySharesof Rs. 10
4. Issue Size:Rs. 24.22 Crore
5. Face Value:Rs. 10 PerEquityShare
6. Issue Price: Rs.64 PerEquityShare
7. Market Lot: 1600 Shares
8. MinimumOrder Quantity: 1600 Shares
9. Listing At: BSE SME
Issue expenses: