(i) Sky Gold Limited, is engaged in the business of designing, manufacturing, and marketing of Gold jewelleries since its incorporation. The Company mainly deal in 22 Karat gold jewellery, offering a wide variety of designs to suit the preferences of the end customer. They have the ability to create localised product design mixes to suit various regional tastes. The Company caters to our customers’ unique preferences, through our understanding of the local and regional market. They provide an extensive range of designs and also use studded American diamonds and / or colored stones in many of our jewelry products.
(ii) They cater to a large number of wholesalers, showrooms and retailers who buy their products in bulk quantities. Due to our diversity of clients and the varied regions each of the clients caters to, They have developed an ability to design their jewellery products as per latest trends, fashion and demographic preference of the end customers. The Company offer a wide range of products from gold jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. They cater to a variety of customers across mid-market and value market segments and our products are designed by our in-house team of creative designers and also certain freelance designers, allowing us to manage a large and diverse portfolio of designs. Their product range includes necklaces, rings, pendants, bracelets, earrings and bangles and customized jewellery based on customer demand. Besides, various clients in Mumbai and nearby areas, They also cater to various jewellery brands. They have adopted the latest technology in our manufacturing facility which reduces their turnover time from order receipt to delivery to just 72 hours.
Promoters of SKY Gold Limited IPO Company are:
1. Mr. Mangesh Chauhan
2. Mr. Mahendra Chauhan
3. Mr. Darshan Chauhan
Financials of SKY Gold Limited IPO:
For the year/period ended (in Rs Lacs)
Profit After Tax
Recommendation on SKY Gold Limited IPO:
Review and Recommendation of SKY Gold Limited IPO from IZ team is: 2/10[The business does not have any moat as there are thousands of such jewelry companies and shops in India. The SME is asking a P/E of 36 when mainline company Renaissance Jewellery is available at P/E of 8.82.]