S. M. Gold Limited IPO
Ahmedabad based S. M. Gold Limited was incorporate in 2017. The company is engaged in the business of manufacturing and wholesale trading of mangalsutra jewellery. Besides mangalsutra jewellery, a minor part of business also includes other jewellery`s like Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, waist belts, Anklet, Zuda, Toe Ring, Pendant Set/Pendant, Bracelet and Bangles., wedding Jewellery, festive Jewellery.
The Company jewellery is mostly traditional in style and is handmade by our workers. They have an in-house designing team which designs the mangalsutra and other jewelries in traditional, modern and indo-western style. They also directly purchase designs from other jewellery designers. Apart from manufacturing jewellery ourselves, They also get our mangalsutra and other jewellery`s manufactured through job workers. These job workers are located in Ahmedabad, Rajkot, Kolkata and Mumbai. The raw material and design are provided by us to these job workers. The job workers take an approximately 10-12 number of days to complete the finished jewellery. However, no formal agreement has been executed with either of these job workers. Besides, manufacturing and job work, we also purchase readymade mangalsutra and other jewellery`s from other independent jewellery wholesalers located in Mumbai.
The major raw material used for making mangalsutra and other jewellery`s is gold, black pearls, stones, Kundan etc. They source gold bar from bullion market & local markets in Ahmedabad. Black pearls and other raw material is sourced from local market of Ahmedabad and from Jaipur.
Objects of the S. M. Gold Limited IPO:
S. M. Gold Limited IPO Details:
Open Date: | Oct 03 2018 |
Close Date: | Oct 10 2018 |
Total Shares: | 2,500,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price Issue IPO |
Issue Size: | 7.5 Cr. |
Lot Size: | 4000 Shares |
Issue Price: | ₹ 30 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Oct 19 2018 |
Promoters And Management:
Financials of S. M. Gold Limited IPO:
Particulars | For the year/period ended (in Rs Lacs) | ||||
30-June-2018 | 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 |
Recommendation on S. M. Gold Limited IPO:
Lead Manager of S. M. Gold Limited IPO:
Registrar of S. M. Gold Limited IPO:
Company Address:
Bid Details of S. M. Gold Limited IPO as on
10 Oct 2018 | 11:58:01 PM
Category | No.of shares offered | No. of shares bid |
---|---|---|
1,250,000 | 2,332,000 | |
1,250,000 | 268,000 | |
- | - | |
2,500,000 | 2,600,000 |
QIBs | No |
QIBs+HNIs Subscription | 1.87X |
Retail Subscription | 0.21X |
Total Subscription | 1.04X |
Discussion on S. M. Gold Limited IPO:
3 Comments
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It is a joke for first overseas its lead manager to come up with similar kind of issues post listing of UHzaveri
simply stay away from all issues from First Overseas and dont even read prospectus or look at subscription
Another UH Zaveri type company. AVOID IT!!!!!
Jewelry companies are not known to make an investor wealthier. This one is also not an exception. So avoid it.