Bookbuilding IPO | ₹15 Cr | Listed at BSE SME | Thu, Sep 14, 2017 - Mon, Sep 18, 2017
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,35,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 14, 2017
IPO Close
Mon, Sep 18, 2017
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹56.90 Cr
| IPO Date | 14 to 18 Sep, 2017 |
| Listed on | Tue, Sep 26, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 33,81,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,71,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.7695 Cr) |
| Fresh Issue (Ex Market Maker) | 32,10,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 32,10,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 92,62,780 shares |
| Share Holding Post Issue | 1,26,43,780 shares |
| BSE Script Code | 540715 |
| ISIN | INE146Y01013 |
Sagar Diamonds IPO comprises a total issue size of 33,81,000 shares. The net offer to the public is 32,10,000 shares, after excluding 1,71,000 shares allotted on a firm basis. Of the Net offer 16,05,000 (50.00%) allocated to NII 16,05,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,05,000 | 50.00% | 47.47% |
| Retail Shares Offered | 16,05,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,71,000 | 5.06% | |
| Total Shares Offered | 33,81,000 | 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 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet working capital requirementTo Meet working capital requirement | 13.21 |
| 2 | Public issue expenses | 0.35 |
| 3 | General corporate purpose | 1.65 |
| KPI | Mar 31, 2017 |
|---|---|
| ROE | 97.80% |
| RoNW | 97.80% |
| Price to Book Value | 0.13 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.37 | 0.95 |
| P/E (x) | 120.05 | 47.37 |
| Promoter Holding | 100.00% | 73.26% |
| Market Cap | ₹56.90 Cr. |
The Sagar Diamonds IPO is subscribed [.] times on September 18, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker , Registrar Fees, Legal Fees & Misc. Expenditure Brokerage & Selling Commission and Printing and Stationery Expenses, Advertising and Marketing Expenses Statutory Expenses etc | 0.35 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹35.55 |
| Low | ₹35.00 |
| High | ₹35.55 |
| Last Trade | ₹35.00 |
Lead Manager Reports
Sagar Diamonds IPO is a SME IPO of 33,81,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 14, 2017, and closes on Mon, Sep 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 Thu, Sep 14, 2017 and closes on Mon, Sep 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 Tue, Sep 26, 2017.
