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S.M.Gold IPO is a fixed price issue of ₹7.50 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹7.50 crore.
S.M.Gold IPO bidding started from Oct 3, 2018 and ended on Oct 10, 2018. The shares got listed on BSE SME on Oct 19, 2018.
S.M.Gold IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to S.M.Gold IPO RHP for detailed Information.
| IPO Date | October 3, 2018 to October 10, 2018 |
| Listing Date | October 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,00,000 shares (aggregating up to ₹7.50 Cr) |
| Reserved for Market Maker | 1,32,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.3960 Cr) |
| Net Offered to Public | 23,68,000 shares (aggregating up to ₹7.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,91,673 shares |
| Share Holding Post Issue | 66,91,673 shares |
S M Gold IPO offers total 25,00,000 shares. Out of which 11,84,000 (47.36%) allocated to NII, 11,84,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,000 (5.28%) |
| NII (HNI) Shares Offered | 11,84,000 (47.36%) |
| Retail Shares Offered | 11,84,000 (47.36%) |
| Total Shares Offered | 25,00,000 (100.00%) |
S.M.Gold IPO opens on October 3, 2018, and closes on October 10, 2018.
| IPO Open Date | Wed, Oct 3, 2018 |
| IPO Close Date | Wed, Oct 10, 2018 |
| Tentative Listing Date | Fri, Oct 19, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 10, 2018 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2017, Ahmedabad based S. M. Gold Limited is a company engaged in the business of manufacturing and wholesale trading of mangalsutra jewelry. Mangalsutra contributes 90% of the earnings of the company.
A minor part of the company's business also includes other jewelry items like Rings, Chain, Nose-rings/Nose Pins, Earrings, Ear Chain, waist belts, Pendant Set/Pendant, Anklet, Zuda, Toe Ring, Bracelet, Bangles, wedding, and festive Jewellery.
The company sells jewelry items under the brand name of "S. M. Gold - the House of Mangalsutra".
The company's manufacturing unit is located at Ahmedabad.
It currently employs 9 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Jun-18 | 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 | |
The Company S.M.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 | Capital Expenditure for Business Expansion | 6.51 |
| 2 | Working Capital Loan requirement | 0.96 |
| 3 | General Corporate Purposes | 1.00 |
[Dilip Davda] <p>Issue<strong> is aggressively priced. Financial track record shows inconsistency. LM has </strong>poor<strong> track record. There is no harm in giving this issue a miss.</strong></p> Read detail review...
| Listing Date | October 19, 2018 |
| BSE Script Code | 542034 |
| NSE Symbol | |
| ISIN | INE00Q901014 |
| Final Issue Price | ₹30 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.60 |
| Low | ₹28.60 |
| High | ₹30.60 |
| Last Trade | ₹28.60 |
S.M.Gold Ltd.
Shop No-1,916 Building
Opp. Luhar Ni Pole, M.G Haveli Road
Manek Chowk
Ahmedabad, Gujarat, 380001
Phone: +91 79 22114411
Email: compliancesmgold@gmail.com
Website: http://www.smgold.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
S.M.Gold IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.50 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on October 3, 2018, and closes on October 10, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in S.M.Gold IPO using UPI as a payment gateway. Zerodha customers can apply in S.M.Gold IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in S.M.Gold IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The S.M.Gold IPO opens on October 3, 2018 and closes on October 10, 2018.
S.M.Gold IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in S.M.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 S.M.Gold IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S.M.Gold IPO allotment status.
The S.M.Gold IPO listing date is on Friday, October 19, 2018.
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