Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Oct 3, 2018 - Wed, Oct 10, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Oct 3, 2018
IPO Close
Wed, Oct 10, 2018
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹20.08 Cr
| IPO Date | 3 to 10 Oct, 2018 |
| Listed on | Fri, Oct 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,32,000 shares Alacrity Securities Ltd. (agg. up to ₹0.3960 Cr) |
| Fresh Issue (Ex Market Maker) | 23,68,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 23,68,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 41,91,673 shares |
| Share Holding Post Issue | 66,91,673 shares |
| BSE Script Code | 542034 |
| ISIN | INE00Q901014 |
S.M.Gold IPO comprises a total issue size of 25,00,000 shares. The net offer to the public is 23,68,000 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 11,84,000 (50.00%) allocated to NII 11,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,84,000 | 50.00% | 47.36% |
| Retail Shares Offered | 11,84,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.28% | |
| Total Shares Offered | 25,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | Capital Expenditure for Business Expansion | 6.51 |
| 2 | Working Capital Loan requirement | 0.96 |
| 3 | General Corporate Purposes | 1.00 |
The S M Gold IPO is subscribed 1.1 times on October 10, 2018 6:49:01 PM (Day 4). The public issue subscribed 0.23 times in the retail category, [.] times in the QIB category, and 1.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.97 | 11,84,000 | 23,32,000 |
| Retail | 0.23 | 11,84,000 | 2,68,000 |
| Total | 1.1 | 23,68,000 | 26,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.35 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.15 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.60 |
| Low | ₹28.60 |
| High | ₹30.60 |
| Last Trade | ₹28.60 |
Lead Manager Reports
S.M.Gold IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Oct 3, 2018, and closes on Wed, Oct 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 Wed, Oct 3, 2018 and closes on Wed, Oct 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 Fri, Oct 19, 2018.
