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Sanghvi Brands IPO is a fixed price issue of ₹18.96 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹18.96 crore.
Sanghvi Brands IPO bidding started from Nov 10, 2017 and ended on Nov 14, 2017. The shares got listed on BSE SME on Nov 22, 2017.
Sanghvi Brands IPO price is ₹69.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,76,000.
Sarthi Capital Advisors Pvt.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 NNM Securities Pvt.Ltd..
Refer to Sanghvi Brands IPO RHP for detailed Information.
| IPO Date | November 10, 2017 to November 14, 2017 |
| Listing Date | November 22, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹69 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,48,000 shares (aggregating up to ₹18.96 Cr) |
| Reserved for Market Maker | 1,40,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.9660 Cr) |
| Net Offered to Public | 26,08,000 shares (aggregating up to ₹18.00 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 76,67,880 shares |
| Share Holding Post Issue | 1,04,15,880 shares |
Sanghvi Brands IPO offers total 27,48,000 shares. Out of which 13,04,000 (47.45%) allocated to NII, 13,04,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,000 (5.09%) |
| NII (HNI) Shares Offered | 13,04,000 (47.45%) |
| Retail Shares Offered | 13,04,000 (47.45%) |
| Total Shares Offered | 27,48,000 (100.00%) |
Sanghvi Brands IPO opens on November 10, 2017, and closes on November 14, 2017.
| IPO Open Date | Fri, Nov 10, 2017 |
| IPO Close Date | Tue, Nov 14, 2017 |
| Tentative Listing Date | Wed, Nov 22, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 14, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,38,000 |
| Retail (Max) | 1 | 2,000 | ₹1,38,000 |
| HNI (Min) | 2 | 4,000 | ₹2,76,000 |
Incorporated in 2010, Sanghvi Brands Ltd (SBL) manages and operates Luxury Spa, Beauty, Wellness & Fitness Brands and one of the top largest Spa and Wellness Operator in India with license rights to operate various premium international brands including Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme.
They also holds sole distributorship of Noveau Lashes for the territory of India to promote market and sell these products. They currently operates 19 Spa/Salons across the globe and another 9 Salons/Spa are under development. It has partnered with The Ritz Carlton San Fransisco, JW Marriot Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, realty developers Lodha, IREO, K Raheja Corp etc.
The Company Sanghvi Brands 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 | usiness Expansion a. Expanding outlets/ distribution of current brand portfolio in India and overseas, b. Acquisitions and development of new brands | 7.72 |
| 2 | arketing and sales promotion of the brands in our portfolio | 5.00 |
| 3 | Strategic Investments for business growth | 1.00 |
| 4 | General Corporate Purpose | 2.84 |
| 5 | Issue expense | 2.40 |
[Dilip Davda] Considering negative returns and inconsistent track record, here is no harm in giving this issue a miss. (Avoid) Read detail review...
| Listing Date | November 22, 2017 |
| BSE Script Code | 540782 |
| NSE Symbol | |
| ISIN | INE204Y01010 |
| Final Issue Price | ₹69 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹69.00 |
| Open | ₹75.90 |
| Low | ₹74.00 |
| High | ₹82.80 |
| Last Trade | ₹82.80 |
Sanghvi Brands Ltd.
Sanghvi House,
105/2,
Shivaji Nagar,
Pune, Maharashtra, 411005
Phone: 020730533084
Email: Investor@sanghvibrands.com
Website: http://www.sanghvibrands.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sanghvi Brands IPO is a SME IPO of 27,48,000 equity shares of the face value of ₹10 aggregating up to ₹18.96 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000.
The IPO opens on November 10, 2017, and closes on November 14, 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 Sanghvi Brands IPO using UPI as a payment gateway. Zerodha customers can apply in Sanghvi Brands IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sanghvi Brands IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sanghvi Brands IPO opens on November 10, 2017 and closes on November 14, 2017.
Sanghvi Brands IPO lot size is 2000, and the minimum amount required for application is ₹1,38,000.
You can apply in Sanghvi Brands 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 Sanghvi Brands IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sanghvi Brands IPO allotment status.
The Sanghvi Brands IPO listing date is on Wednesday, November 22, 2017.
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