Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Thu, Sep 27, 2018 - Wed, Oct 3, 2018
Silgo Retail IPO is a fixed price issue of ₹4.88 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹4.88 crore.
Silgo Retail IPO bidding started from Sep 27, 2018 and ended on Oct 3, 2018. The allotment for Silgo Retail IPO was finalized on Oct 8, 2018. The shares got listed on NSE SME on Oct 10, 2018.
Silgo Retail IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
Aryaman Financial 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 Aryaman Capital Markets Ltd..
Refer to Silgo Retail IPO RHP for detailed Information.
IPO Open
Thu, Sep 27, 2018
IPO Close
Wed, Oct 3, 2018
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹18.24 Cr
| IPO Date | 27 Sep to 3 Oct, 2018 |
| Listed on | Wed, Oct 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,56,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 72,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.2592 Cr) |
| Fresh Issue (Ex Market Maker) | 12,84,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 12,84,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 37,10,000 shares |
| Share Holding Post Issue | 50,66,000 shares |
| NSE Symbol | SILGO |
| ISIN | INE01II01013 |
Silgo Retail IPO comprises a total issue size of 13,56,000 shares. The net offer to the public is 12,84,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,42,000 (50.00%) allocated to NII 6,42,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,42,000 | 50.00% | 47.35% |
| Retail Shares Offered | 6,42,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.31% | |
| Total Shares Offered | 13,56,000 | 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 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2016, Jaipur based Silgo Retail Limited is a company engaged in the business of designing, manufacturing, wholesaling and retailing of silver jewellery.
The company It mainly deals in silver jewellery. Its product portfolio includes bracelets, necklaces, rings, earrings, jhumki, bangles and customized jewellery.
Retailing makes for 71.05% of the revenue model of the company while manufacturing adds 28.95%.
The revenue from operations was Rs 1,646.51 lakhs and Rs 497.62 lakhs for 2017-18 and 2016-17 respectively.
The Net Profit after tax for the company was Rs 94.75 lakhs in 2017-18 and Rs 18.15 lakhs in 2016-17.
The company's manufacturing facility is located at Jaipur.
There are 69 employees on the payroll of the company.
Silgo runs a program named "Dyuti" to promote women entrepreneurship in the region.
| 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 | Funding Long Term Working Capital Requirement | 4.18 |
| 2 | Expenditure for General Corporate Purposes | 0.22 |
The Silgo Retail IPO is subscribed 1.23 times on October 3, 2018 5:00:00 PM (Day 4). The public issue subscribed 0.5 times in the retail category, [.] times in the QIB category, and 1.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.96 | 6,42,000 | 12,60,000 |
| Retail | 0.5 | 6,42,000 | 3,21,000 |
| Total | 1.23 | 12,84,000 | 15,81,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees, selling commissions, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.37 |
| 2 | Brokerage | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.45 |
| Low | ₹36.10 |
| High | ₹36.25 |
| Last Trade | ₹36.10 |
Lead Manager Reports
Silgo Retail IPO is a SME IPO of 13,56,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Sep 27, 2018, and closes on Wed, Oct 3, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Silgo Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Silgo Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Silgo Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Silgo Retail IPO opens on Thu, Sep 27, 2018 and closes on Wed, Oct 3, 2018.
Silgo Retail IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Silgo Retail 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 Silgo Retail IPO will be done on Monday, October 8, 2018, and the allotted shares will be credited to your demat account by Wed, Oct 10, 2018. Check the Silgo Retail IPO allotment status.
The Silgo Retail IPO listing date is on Wed, Oct 10, 2018.
