Silgo Retail Limited IPO

Add to Calendar 2018-09-27 12:00 AM 2018-10-03 12:00 AM Asia/Kolkata Silgo Retail Limited IPO Silgo Retail Limited India

Silgo Retail Limited is active in designing, manufacturing, retailing and wholesaling of silver jewellery. The jewellery produced by the company are hallmarked and certified by BIS made from 925 sterling silver.

Date of Incorporation: The company was initially incorporated as ‘Silgo Private Limited’ on 09th January 2016. The company was subsequently converted into public limited company ‘Silgo Retail Limited’ on 28th July 2018.

Promoters of Silgo Retail Limited: Mr Nitin Jain and Mrs Bela Agrawal are the promoters of Silgo Retail Limited. 

Products and Services Offering: The company offers a wide range of products that is being served to customers that mainly consists of rings, earrings, pendants, bracelets, pendants and necklaces among others. Besides this, it also customised jewellery based on ages, genders and occasions.

Customer Segments: The clientele of the company is normally based in the states of Chennai, Kerala, Karnataka and Tamil Nadu.

Objects of Silgo Retail limited IPO: The main objectives of Silgo Retail Limited IPO are:

  • - Funding Long-Term Working Capital.

  • - Funding Expenditure for General Corporate Purposes.

Company Financials:

Summary of Financial Information (Restated)

Particulars

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


3 -Mar-18

3 -Mar-17

Total Assets

902.56

244.23

Total Revenue

1,646.51

497.62

Profit After Tax

94.75

18.15

Issue Detail

  • Issue Open: Sep 27, 2018
  • Issue Close: Oct 03, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 36 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 4.88 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 642,000 642,000 - - 1,284,000
Day 1 - Sep 27, 2018IST - 0.02x 0.01x - - 0.02x
Day 2 - Sep 28, 2018IST - 0.75x 0.06x - - 0.40x
Day 3 - Oct 01, 2018IST - 1.73x 0.15x - - 0.94x
Day 4 - Oct 03, 2018IST - 1.96x 0.50x - - 1.23x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 36.00
Open - Rs 36.45
Low - Rs 36.10
High - Rs 36.25
Last Trade - Rs 36.10
Volume - 9,000

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