Fixed Price IPO | ₹19 Cr | Listed at BSE SME | Fri, Nov 10, 2017 - Tue, Nov 14, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Nov 10, 2017
IPO Close
Tue, Nov 14, 2017
Issue Price
₹69 per share
Market Cap (Pre-IPO)
₹71.87 Cr
| IPO Date | 10 to 14 Nov, 2017 |
| Listed on | Wed, Nov 22, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹69 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,48,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 1,40,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.9660 Cr) |
| Fresh Issue (Ex Market Maker) | 26,08,000 shares (agg. up to ₹18 Cr) |
| Net Offered to Public | 26,08,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 76,67,880 shares |
| Share Holding Post Issue | 1,04,15,880 shares |
| BSE Script Code | 540782 |
| ISIN | INE204Y01010 |
Sanghvi Brands IPO comprises a total issue size of 27,48,000 shares. The net offer to the public is 26,08,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 13,04,000 (50.00%) allocated to NII 13,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,04,000 | 50.00% | 47.45% |
| Retail Shares Offered | 13,04,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.09% | |
| Total Shares Offered | 27,48,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.30 |
| 2 | Regulatory Fees & Other Expenses | 0.10 |
| 3 | Marketing expenses, Selling Commission and other expenses | 2.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹69.00 |
| Open | ₹75.90 |
| Low | ₹74.00 |
| High | ₹82.80 |
| Last Trade | ₹82.80 |
Lead Manager Reports
Sanghvi Brands IPO is a SME IPO of 27,48,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Nov 10, 2017, and closes on Tue, Nov 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 Fri, Nov 10, 2017 and closes on Tue, Nov 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 Wed, Nov 22, 2017.
