Sky Gold Limited IPO

Add to Calendar 2018-09-18 12:00 AM 2018-09-21 12:00 AM Asia/Kolkata Sky Gold Limited IPO Sky Gold Limited India

Sky Gold Limited is currently active in the designing, manufacturing, and marketing of Gold Jewelleries. The company offers 22 Karat gold designer jewellery that suites according to the taste of the individual customer. It has its manufacturing facility located at Unit No. 1-01, 1-02 and 1-03, Raja Industrial Estate, Raja industrial Premises Co-Operative Society Ltd, P K Road, Mulund (West) were they make casting based jewellery using rubber dye, wax moulds, and machines.

Date of Establishment: The company was incorporated as the private limited corporation on 07th of May 2008 as ‘Sky Gold Private Limited’ in Mumbai. Thereafter it was reformed to public limited company renamed to ‘Sky Gold Limited’ on 26th June 2018.

Promoters of Sky Gold Limited: Mr Mangesh Chauhan, Mr Mahendra Chauhan and Mr Darshan Chauhan are the promoters of Sky Gold Limited.

Products and Services Offering: The company has a wide diversified products offering across the jewellery sector that consists of :

   - Finger Rings

  • - Earrings

  • - Pendants

  • - Fancy Pendant sets

  • - Bracelets

  • - Necklaces

Customer Segments: The company has customer segments that consist of wholesalers, showrooms and retailers that are mainly located across the cities of  Mumbai, Telangana and Kerala and its nearby areas. Besides this, it has also started exporting its products ranges to several Gulf countries including UAE and Oman among others.

The Objects of Sky Gold IPO: The main Objectives of Sky Gold IPO are:

  • - Repayment of Loans.

  • - Financing Working Capital.

  • - General Corporate expenses.

  Company Financials:

Summary of Financial Information (Restated)

Particulars

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


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

6,624.20

3,696.17

3,486.30

2,915.56

2,648.57

Total Revenue

54,889.53

16,441.05

18,331.31

12,777.45

9,624.74

Profit After Tax

393.78

143.47

144.12

123.91

94.68

Issue Detail

  • Issue Open: Sep 18, 2018
  • Issue Close: Sep 21, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 180 Per Equity Share
  • Bid Lot:-
  • Minimum Order Quantity:-
  • Listing At: BSE SME
  • Issue Size: • Rs 25.56 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 674,000 674,000 - - 1,348,000
Day 1 - Sep 18, 2018IST - 0.77x 0.09x - - 0.43x
Day 2 - Sep 19, 2018IST - 1.16x 0.43x - - 0.79x
Day 3 - Sep 21, 2018IST - 1.23x 0.94x - - 1.08x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 180.00 -
Open Rs 181.00 -
Low Rs 180.25 -
High Rs 181.00 -
Last Trade Rs 180.45 -
Volume 302,400 -

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