Samco securities limited

Sanghvi Brands Ltd IPO

Add to Calendar 2017-11-10 12:00 AM 2017-11-14 12:00 AM Asia/Kolkata Sanghvi Brands Ltd IPO Sanghvi Brands Ltd India

It manges and operate portfolio of Luxury Spa, Beauty, Wellness & Fitness Brands. It has partnered with various Premium International Brands including: Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spas, Rosanno Ferretti Salon, Ramona Braganza’s 3-2-1 Fitness . Additionally they have partnerships with Leading Real Estate Developer in India which includes: Lodha Developers, IREO, K Raheja Corp.

Date of establishment: Sanghvi Brands Limited was incorporated in 2010.

Product & Service Offering: Company has Spa/salons that located in Mumbai, Delhi, Gulmarg, Goa, Gurgaon, Mussoorie, Bangalore, Manali, Jaipur & San Francisco USA. They have partnered with various Three-Star and above Hotels, Resorts, premium residential complexes and high-end property developers for operating their Spas/Saloons.

 

Promoters of Sangvi Brands ltd.:  Mr. Darpan Narendra Sanghvi is the promoters of Sangvi Brands ltd

 

Customer segment: Clients include Ritz Carlton, JW Marriott, W Vagator Hotels, Khyber Resorts, Lodha Developers, Raheja Developers, Ireo etc.

 

Objects of the Issue: The objects of the Offer is to:-
-     To Finance Business Expansion
-     Expanding outlets/ distribution of current brand portfolio in India and overseas
-     Acquisitions and development of new brands
-     To Finance Startegic Investment for Business Growth
-     To Finance General corporate expense
-     To finance issue expenses

Company Financials:

Sanghvi Brands' financial performance (in INR lakh)

 

FY2013

FY2014

FY2015

FY2016

FY2017

Total Assets

105.3

1023.68

1049.67

1124.50

1203.68

Total revenue

156.5

558.0

995.7

1,505.7

2,670.1

Total expenses

198.2

564.7

992.3

1,591.0

2,642.6

Profit after tax

-41.7

-9.6

8.3

-85.9

11.6

Issue Detail

  • Issue Open: Nov 10, 2017
  • Issue Close: Nov 14, 2017
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 69 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: BSE SME
  • Issue Size: Rs 18.96 Cr

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