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S.M. Gold Limited IPO

Add to Calendar 2018-10-03 12:00 AM 2018-10-10 12:00 AM Asia/Kolkata S.M. Gold Limited IPO S.M. Gold Limited India

S M. Gold Limited is engaged in the production and distribution of mangalsutra jewellery. The company primarily deals in traditional jewellery designs besides this it also has in-house that designs the mangalsutra and other jewellery in several styles including modern and indo-westerm style The Mangalsutra Jewellery contributes around 90% of companies overall earning.

Date of Establishment: The company was initially incorporated as 'S.M. Gold Private Limited' on 26th July 2017 in Gujarat, Dadra and Nagar Haveli. Subsequently, the company was reformed to public limited company renamed to ‘ S.M. Gold Limited’ on 03rd August 2018.

Promoters of S.M. Gold Limited: Mr Priyank S. Shah and Mr PulkitKumar S. Shah are the promoters of S.M. Gold Limited.

Products and Services Offering: The company offers several products constituting of Rings, Chain, Earrings, Ear Chain, Nose-rings, Waist belts and Mangalsutra among other jewellery products.

Customer Segments: The company mainly serves the domestic customers requirement in gems and jewellery section. Besides this, it also takes initiatives of participation in domestic trade fairs and jewellery exhibitions.

Objects of S.M. Gold Limited IPO: The Fresh Issue will consist of 25,00,000 Equity Share issued at Rs 30 Per Share. The core objectives of this IPO are:

  • - To finance the working capital requirements.

  • - To meet Issue Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


30-Jun-18

31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

Total Assets

598.99

598.33

655.84

499.40

481.32

Total Revenue

489.57

1,354.08

2,278.89

2,382.44

1,954.89

Profit After Tax

21.55

17.96

17.92

17.00

20.71

Issue Detail

  • Issue Open: Oct 03, 2018
  • Issue Close: Oct 10, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 30 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 7.50 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,184,000 1,184,000 - - 2,368,000
Shares Offered / Reserved - 0.00x 0.00x - - 0.00x
Day 2 - Oct 04, 2018IST - 0.00x 0.00x - - 0.00x
Day 3 - Oct 05, 2018IST - 0.00x 0.00x - - 0.00x
Day 4 - Oct 08, 2018IST - 0.57x 0.00x - - 0.29x
Day 5 - Oct 09, 2018IST - 1.14x 0.00x - - 0.57x
Day 6 - Oct 10, 2018IST - 1.97x 0.23x - - 1.10x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 30.00 -
Open Rs 30.60 -
Low Rs 28.60 -
High Rs 30.60 -
Last Trade Rs 28.60 -
Volume 8,000 -

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