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Penta Gold IPO is a fixed price issue of ₹13.32 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹13.32 crore.
Penta Gold IPO bidding started from Mar 23, 2018 and ended on Mar 27, 2018. The shares got listed on NSE SME on Apr 25, 2018.
Penta Gold IPO price is ₹37.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Gcm Securities Ltd..
Refer to Penta Gold IPO RHP for detailed Information.
| IPO Date | March 23, 2018 to March 27, 2018 |
| Listing Date | April 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,00,000 shares (aggregating up to ₹13.32 Cr) |
| Reserved for Market Maker | 1,80,000 shares Gcm Securities Ltd. (aggregating up to ₹0.6660 Cr) |
| Net Offered to Public | 34,20,000 shares (aggregating up to ₹12.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 91,25,000 shares |
| Share Holding Post Issue | 1,27,25,000 shares |
Penta Gold IPO offers total 36,00,000 shares. Out of which 17,10,000 (47.50%) allocated to NII, 17,10,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.00%) |
| NII (HNI) Shares Offered | 17,10,000 (47.50%) |
| Retail Shares Offered | 17,10,000 (47.50%) |
| Total Shares Offered | 36,00,000 (100.00%) |
Penta Gold IPO opens on March 23, 2018, and closes on March 27, 2018.
| IPO Open Date | Fri, Mar 23, 2018 |
| IPO Close Date | Tue, Mar 27, 2018 |
| Tentative Listing Date | Wed, Apr 25, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 27, 2018 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Incorporated in 2012, Gujarat based Penta Gold Private Limited is a retailer, wholesaler and exporter of gold jewelry. The company has a retail outlet in Mumbai.
Penta Gold also exports products (gold jewellery studded with diamond) to overseas buyers in USA and UAE. Exports constituted more than 30.49%, 22.23% and 22.81% of its business for the 6 months period ended September 30, 2017; FY 2015-16 and FY 2016-17 respectively.
The Company was awarded the India SME 100 Award for being SME Achievers of 2015-16 for scoring in the Top 100 among 41832 nominations by India SME Forum in the overall evaluation of financial and non financial parameters.
The company has 9 full-time employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 7,660.11 | 6,381.97 | 5,878.04 | 4,822.13 | 5,068.27 | |
| Total Revenue | 23,757.84 | 24,491.76 | 25,001.70 | 83,826.41 | 27,430.69 | |
| Profit After Tax | 168.53 | 177.89 | 158.24 | 138.38 | 57.10 | |
The Company Penta Gold IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 11.00 |
| 2 | General Corporate Purposes | 1.87 |
[Dilip Davda] <p>This Company tried for its maiden IPO in September 2017, but was withdrawn. Its financial performance is not remarkable one. Prevalent dull sentiment for the sector following recent scam is also a concern. Hence cash surplus risk savvy investors may consider investment for long term.</p> Read detail review...
| Listing Date | April 25, 2018 |
| BSE Script Code | |
| NSE Symbol | PENTAGOLD |
| ISIN | INE175Y01012 |
| Final Issue Price | ₹37 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹37.00 |
| Low | ₹36.50 |
| High | ₹37.00 |
| Last Trade | ₹37.00 |
Penta Gold Ltd.
2224,
Manek Chowk,
Opp. Old Share Bazar
Ahmedabad, Gujarat, 380001
Phone: +91 79 2215 3555
Email: info@pentagold.in
Website: http://www.pentagold.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Penta Gold IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹13.32 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on March 23, 2018, and closes on March 27, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Penta Gold IPO using UPI as a payment gateway. Zerodha customers can apply in Penta Gold IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Penta Gold IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Penta Gold IPO opens on March 23, 2018 and closes on March 27, 2018.
Penta Gold IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Penta Gold IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Penta Gold IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Penta Gold IPO allotment status.
The Penta Gold IPO listing date is on Wednesday, April 25, 2018.
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