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Sagar Diamonds IPO is a book build issue of ₹15.21 crores. The issue is entirely a fresh issue of 0.34 crore shares of ₹15.21 crore.
Sagar Diamonds IPO bidding started from Sep 14, 2017 and ended on Sep 18, 2017. The shares got listed on BSE SME on Sep 26, 2017.
Sagar Diamonds IPO price band is set at ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Sagar Diamonds IPO RHP for detailed Information.
| IPO Date | September 14, 2017 to September 18, 2017 |
| Listing Date | September 26, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹40 to ₹45 per share |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,81,000 shares (aggregating up to ₹15.21 Cr) |
| Reserved for Market Maker | 1,71,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.7695 Cr) |
| Net Offered to Public | 32,10,000 shares (aggregating up to ₹14.45 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 92,62,780 shares |
| Share Holding Post Issue | 1,26,43,780 shares |
Sagar Diamonds IPO offers total 33,81,000 shares. Out of which 16,05,000 (47.47%) allocated to NII, 16,05,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,71,000 (5.06%) |
| NII (HNI) Shares Offered | 16,05,000 (47.47%) |
| Retail Shares Offered | 16,05,000 (47.47%) |
| Total Shares Offered | 33,81,000 (100.00%) |
Sagar Diamonds IPO opens on September 14, 2017, and closes on September 18, 2017.
| IPO Open Date | Thu, Sep 14, 2017 |
| IPO Close Date | Mon, Sep 18, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 18, 2017 |
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 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2015, Sagar Diamonds Ltd is engaged in business of manufacturing and exporting of rough and polished diamonds. They are also engaged in the business of jewellery making and marketing. They sell a wide range of jewellery products including cut and polished diamond studded jewellery to diverse customer segments, from the value market to high-end customized jewellery. Their product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans.
They have independent sales and distribution networks for their products. Most of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets. They procure diamond from suppliers at domestic and international market depending upon the needs and requirement.
Company's manufacturing facility at their factory unit located in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month.
| Period Ended | 20 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 |
| Assets | 41.46 | 10.19 | 0.01 |
| Total Income | 10.45 | 10.00 | |
| Profit After Tax | 0.30 | 0.35 | -0.00 |
| Net Worth | 21.58 | 0.36 | 0.01 |
| Reserves and Surplus | 12.32 | 0.35 | -0.00 |
| Amount in ₹ Crore | |||
The market capitalization of Sagar Diamonds IPO is ₹56.90 Cr.
KPI as of Fri, Mar 31, 2017.
| KPI | Values |
|---|---|
| ROE | 97.80 |
| RoNW | 97.80% |
| Price to Book Value | 0.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.37 | 0.95 |
| P/E (x) | 120.05 | 47.37 |
The Company Sagar Diamonds 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 | To Meet working capital requirementTo Meet working capital requirement | 13.21 |
| 2 | Public issue expenses | 0.35 |
| 3 | General corporate purpose | 1.65 |
[Dilip Davda] Considering aggressive pricing of Sagar Diamonds BSE SME IPO, there is no harm in giving this issue a miss. Read detail review...
| Listing Date | September 26, 2017 |
| BSE Script Code | 540715 |
| NSE Symbol | |
| ISIN | INE146Y01013 |
| Final Issue Price | ₹45 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹35.55 |
| Low | ₹35.00 |
| High | ₹35.55 |
| Last Trade | ₹35.00 |
Sagar Diamonds Ltd.
Unit No 101 Plot No 193,
SEZ
Diamond Park Sachin,
Surat, Gujarat, 394230
Phone: + 91-261-2397866
Email: cs@sagardiamonds.com
Website: http://www.sagardiamonds.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sagar Diamonds IPO is a SME IPO of 33,81,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on September 14, 2017, and closes on September 18, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sagar Diamonds IPO using UPI as a payment gateway. Zerodha customers can apply in Sagar Diamonds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sagar Diamonds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sagar Diamonds IPO opens on September 14, 2017 and closes on September 18, 2017.
Sagar Diamonds IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Sagar Diamonds 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 Sagar Diamonds IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sagar Diamonds IPO allotment status.
The Sagar Diamonds IPO listing date is on [.].
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