Sungold Media and Entertainment Limited IPO

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(i) Sungold Media and Entertainment Limited were Incorporated in 1995. The Company was engaged in the business of Marketing, Development, and Maintenance of Farm Houses, Holidays Resorts, and Housing Society etc. Pursuant to the change of the object, the company is currently engaged in the media and entertainment services.

(ii) They provide a complete solution for the branding of the clients business. They do Graphics design, Website design, Video Editing, Digital Marketing, Photography, Videography, Mobile App Development, Celebrity Management and Distribution services.

(iii) The Company Services includes:

a) Development of Web Portals

They are developing a number of web portals like www.liveupdates.co.in, www.entertainment365.in, and www.gujaratdevelopment.com etc which is owned and maintained by the company for the promotions of the different area of business activities. Further, they also develop web portals for third-party.

b) Digital Marketing Services:
They do digital marketing and promotions for the clients in several social media site Facebook Blog
1. Facebook 2. YouTube 3. Whatsapp 4. Twitter 5. Instagram etc

c) Designing Services:

1. Files 2. Envelopes 3. Booklets 4. Fex, Flyers 5. Logo 6. Letterheads 7. Challan Book 8. Leaflets 9. I-Cards 10. Copy Book and Receipt Book 11. Catalogue 12. Registration Pads 13. Bill Books 14. Brochure

d) Website Designing

1. .NET 2. Php 3. E-Commerce website 4. Word press 5. Static 6. Dynamic 7. Umbraco 8. Majento 9. Responsive

e) Video Editing Services:

1. Product Video 2. Animation 3. TV Serial 4. Music Album 5. Corporate Video 6. Movie 7. Advertisement 8. Colour Grading

f) Photography Services:

1. High Fashion 2. Advertising 3. Marriage Shoot and more 4. Beauty 5. Celebrities

Sungold Media and Entertainment Limited IPO Stock Quote & Charts

5.72

+10.00%

  • Open: 5.72
  • High - Low: 5.72 - 5.72
  • Previous Close: 5.20
  • Total Traded Volume: 10000
  • Updated On: 20-Nov-2018

Objects of the Sungold Media and Entertainment Limited IPO:

Objective of Sungold Media and Entertainment Limited IPO are: This is a pure OFS by which Promoter Mr. Rajiv Rameshchandra Kotia is selling 13,50,000 Equity Shares. The Company will not receive any proceeds from the Offer. All proceeds from the Offer will go to the Mr. Rajiv Rameshchandra Kotia.

Sungold Media and Entertainment Limited IPO Details:

Open Date: Aug 09 2018
Close Date: Aug 14 2018
Total Shares: 1,350,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 1.35 Cr.
Lot Size: 10000 Shares
Issue Price: ₹ 10 Per Equity Share
Listing At: BSE SME
Listing Date: Aug 24 2018

Promoters And Management:

Promoters of Sungold Media and Entertainment Limited Company are: (i) Mr. Rajiv Rameshchandra Kotia, aged 57 years, is the Promoter of the Company. He holds a degree of Bachelor of Commerce. He is also Chairman & Managing Director of Sungold capital Limited since last 26 years. (ii) Mr. Raj Rajiv Kotia, aged 26 years, is Promoter cum Managing Director & C.F.O. of the Company. He holds a degree of Bachelor of Commerce. He has worked as an Assistant Editor at Studio Sound N Vision and Assistant Editor at Balaji Telefilms for six months. He was a laptop engineer and Hardware Engineer at Ever-N-Ever Distributors and Apex Techno Ahmedabad. He was an Event Organizer at G.L.S College, Ahmedabad.

Recommendation on Sungold Media and Entertainment Limited IPO:

Sungold Media and Entertainment Limited IPO Rating by InvestorZone team = 2/10 1-5: Fair 5-7: Good 7-10: Excellent

Lead Manager of Sungold Media and Entertainment Limited IPO:

  1. Finshore Management Services Limited

Registrar of Sungold Media and Entertainment Limited IPO:

  1. Satellite Corporate Services Private Limited

Company Address:

Sungold Media and Entertainment Limited Regd Office- 13, Radhakrushna Mandir Compound, Village- Rajpipla, Nandod, Narmada – 393145, Gujarat. Phone No. +91-9099018633 E-mail id: info@sungoldmediaent.com Website: www.sungoldmediaent.com

Bid Details of Sungold Media and Entertainment Limited IPO as on
14 Aug 2018 | 11:58:03 PM

Category No.of shares offered No. of shares bid
675,000 1,190,000
675,000 1,390,000
- -
1,350,000 2,580,000
QIBs No
QIBs+HNIs Subscription 1.76X
Retail Subscription 2.06X
Total Subscription 1.91X

Discussion on Sungold Media and Entertainment Limited IPO:

    As expected the Sungold Media opens at discount of 2.56% and now at 11:40 PM trading at a price of 9.50.

    I find it very hard to digest how bse exchange allow such company with criminal background of promoters, provide wrong information to exchange and penalised in past. If there has been violation then such company should have never been allowed to come with ipo

      BSE has a 3-4 general condition related to financials and if the company is fulfilling that they will give the green flag to the company for an IPO. They won’t bother beyond that.

    The company has some serious corporate governance issues, as per DRHP Page #16, the company has mentioned that certain of their promoters, directors have provided false information to the stock exchanges in the past, the change in a shareholding pattern not communicated to the stock exchange, and they have provided false information regarding Substantial Acquisition of Shares and Takeovers for which SEBI has imposed penalty of Rs. 10 lacs on them for violation of Regulation 7 (A) of SEBI.

    DRHP Page#150
    A Criminal Case is pending against one of their director Mr. Amit Rameshbhai Kotia , under section 304A of IPC i.e Culpable Homicide not amounting to murder. Such is the stature of management of the company. Please avoid such companies.

    One of the promote,r Mr. Rajiv Rameshchandra Kotia holds 16,53,550 no. of equity shares as on date of the prospectus. Out of 16,53,550 no. of equity shares the promoter is offering 13,50,000 no. of equity shares which are close to 81%.

    Net Profit is in a downtrend in the last 3 years.

    The government has started SME Portals in 2012 to help small companies to raise credit form the market for their business expansion, as the growth of the SME sector is of paramount importance for economic development. However, over the years companies have taken undue advantage of this platform and now companies like Sungold Media and Entertainment Limited are using the platform to sell their share and make a profit. The very purpose of this platform is losing shine because of such companies.

    Sales and profit of company is too low.better not to risk your money in such issue
    Also business is not stable as cant make out what there business expansion and future growth plans wil be.
    They start with marketing of farm house and changed their business later.