Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Fri, Mar 23, 2018 - Tue, Mar 27, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 23, 2018
IPO Close
Tue, Mar 27, 2018
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹47.08 Cr
| IPO Date | 23 to 27 Mar, 2018 |
| Listed on | Wed, Apr 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,00,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 1,80,000 shares GCM Securities Ltd. (agg. up to ₹0.6660 Cr) |
| Fresh Issue (Ex Market Maker) | 34,20,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 34,20,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 91,25,000 shares |
| Share Holding Post Issue | 1,27,25,000 shares |
| NSE Symbol | PENTAGOLD |
| ISIN | INE175Y01012 |
Penta Gold IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 34,20,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 17,10,000 (50.00%) allocated to NII 17,10,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,10,000 | 50.00% | 47.50% |
| Retail Shares Offered | 17,10,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.00% | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 11.00 |
| 2 | General Corporate Purposes | 1.87 |
The Penta Gold IPO is subscribed 0.59 times on March 27, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.16 times in the retail category, [.] times in the QIB category, and 1.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.02 | 17,10,000 | 17,52,000 |
| Retail | 0.16 | 17,10,000 | 2,79,000 |
| Total | 0.59 | 34,20,000 | 20,31,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses | 0.30 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution and postage | 0.03 |
| 4 | Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹37.00 |
| Low | ₹36.50 |
| High | ₹37.00 |
| Last Trade | ₹37.00 |
Lead Manager Reports
Penta Gold IPO is a SME IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Mar 23, 2018, and closes on Tue, Mar 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 Fri, Mar 23, 2018 and closes on Tue, Mar 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 Wed, Apr 25, 2018.
