Sonam Clock Limited IPO

Add to Calendar 2018-06-01 12:00 AM 2018-06-06 12:00 AM Asia/Kolkata Sonam Clock Limited IPO Sonam Clock Limited India

Sonam clock limited is a gujarat based company engaged in clock manufacturing. The company tries to capture the all major segments of the market through its various product offerings and for doing so, company has employed 300+ employees on its payroll.

Date of incorporation: The company was incorporated in June 21, 2001 in gujarat.

Promoters of sonam clock limited: Mr. Jayeshbhai Chhabildas Shah and Mrs. Deepaben Jayeshbhai Shah are promoters of the company.

Products and services: The company offers table and wall clocks tapping all segments of the market i.e. budget,mid level and premium segment. Following products are offered by the company to its customers, this includes LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, rotating pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks and regular clocks.

Customer segment: Company targets budget,mid-level and premium segment through its offering.

Objective of the issue: The Issue is brought by the company for-
-      Funding the Working Capital Requirements of the Company
-      Repayment of Unsecured Loan availed by the Company
-      To cover General Corporate Expenses
-      To meet the Issue Expenses


Company Financials:


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Issue Detail

  • Issue Open: Jun 01, 2018
  • Issue Close: Jun 06, 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 10.11 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

Issue Price - Rs 36
Open - Rs 37
Low - Rs 36.75
High - Rs 37.50
Last Trade - Rs 36.95
Volume - 1,068,000

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