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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 ₹36.00 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). The minimum lot size investment for 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 Date | September 27, 2018 to October 3, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,56,000 shares (aggregating up to ₹4.88 Cr) |
| Reserved for Market Maker | 72,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.2592 Cr) |
| Net Offered to Public | 12,84,000 shares (aggregating up to ₹4.62 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 37,10,000 shares |
| Share Holding Post Issue | 50,66,000 shares |
Silgo Retail IPO offers total 13,56,000 shares. Out of which 6,42,000 (47.35%) allocated to NII, 6,42,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.31%) |
| NII (HNI) Shares Offered | 6,42,000 (47.35%) |
| Retail Shares Offered | 6,42,000 (47.35%) |
| Total Shares Offered | 13,56,000 (100.00%) |
Silgo Retail IPO opens on September 27, 2018, and closes on October 3, 2018.
| IPO Open Date | Thu, Sep 27, 2018 |
| IPO Close Date | Wed, Oct 3, 2018 |
| Tentative Allotment | Mon, Oct 8, 2018 |
| Initiation of Refunds | Tue, Oct 9, 2018 |
| Credit of Shares to Demat | Wed, Oct 10, 2018 |
| Tentative Listing Date | Wed, Oct 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 3, 2018 |
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 | ₹1,08,000 |
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||||
| Total Assets | 902.56 | 244.23 | 1.16 | |||
| Total Revenue | 1,646.51 | 497.62 | -- | |||
| Profit After Tax | 94.75 | 18.15 | -- | |||
The Company Silgo Retail 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 | Funding Long Term Working Capital Requirement | 4.18 |
| 2 | Expenditure for General Corporate Purposes | 0.22 |
[Dilip Davda] <p>Issue is fully priced. The company has just two year’s track record. Cash surplus risk savvy investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | October 10, 2018 |
| BSE Script Code | |
| NSE Symbol | SILGO |
| ISIN | INE01II01013 |
| Final Issue Price | ₹36 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.45 |
| Low | ₹36.10 |
| High | ₹36.25 |
| Last Trade | ₹36.10 |
Silgo Retail Ltd.
B-11
Mahalaxmi Nagar
Jawahar Lal Nehru Marg
Jaipur, Rajasthan, 302017
Phone: +91-0141-4919655
Email: info@silgo.in
Website: http://www.silgo.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Silgo Retail IPO is a SME IPO of 13,56,000 equity shares of the face value of ₹10 aggregating up to ₹4.88 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on September 27, 2018, and closes on October 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 September 27, 2018 and closes on October 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 Wednesday, October 10, 2018. Check the Silgo Retail IPO allotment status.
The Silgo Retail IPO listing date is on Wednesday, October 10, 2018.
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