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Sky Gold IPO is a fixed price issue of ₹25.56 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹25.56 crore.
Sky Gold IPO bidding started from Sep 18, 2018 and ended on Sep 21, 2018. The allotment for Sky Gold IPO was finalized on Sep 26, 2018. The shares got listed on BSE SME on Oct 4, 2018.
Sky Gold IPO price is ₹180.00 per share .
Aryaman Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Sky Gold IPO RHP for detailed Information.
| IPO Date | September 18, 2018 to September 21, 2018 |
| Listing Date | October 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹180 per share |
| Lot Size | |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,20,000 shares (aggregating up to ₹25.56 Cr) |
| Reserved for Market Maker | 72,800 shares Aryaman Capital Markets Ltd. (aggregating up to ₹1.31 Cr) |
| Net Offered to Public | 13,47,200 shares (aggregating up to ₹24.25 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 39,51,940 shares |
| Share Holding Post Issue | 53,71,940 shares |
Sky Gold IPO offers total 14,20,000 shares. Out of which 6,73,600 (47.44%) allocated to NII, 6,73,600 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,800 (5.13%) |
| NII (HNI) Shares Offered | 6,73,600 (47.44%) |
| Retail Shares Offered | 6,73,600 (47.44%) |
| Total Shares Offered | 14,20,000 (100.00%) |
Sky Gold IPO opens on September 18, 2018, and closes on September 21, 2018.
| IPO Open Date | Tue, Sep 18, 2018 |
| IPO Close Date | Fri, Sep 21, 2018 |
| Tentative Allotment | Wed, Sep 26, 2018 |
| Initiation of Refunds | Thu, Sep 27, 2018 |
| Credit of Shares to Demat | Fri, Sep 28, 2018 |
| Tentative Listing Date | Thu, Oct 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 21, 2018 |
Incorporated in 2008, Mumbai based Sky Gold Limited is a business engaged in the business of designing, manufacturing, and marketing of Gold jewelry.
The company operates from a 2,740 sq. ft. sole manufacturing facility located in Mulund, Mumbai. The facility is used to make casting based jewelry using rubber dye, wax molds, and machines. It has its central sales offices at Mumbai. In addition, the company has also set-up sales offices in Kerala and Telangana to cater to the Southern regions of India.
Sky Gold has recently started export operations handled by its Mumbai sales office.
Between 2013-14 and 2017-18-
-Total revenue grew from Rs 9,624.74 lakhs to Rs 54,886.27 lakhs at a CAGR of 41.65%.
- EBITDA grew from Rs 359.85
lakhs to Rs 769.71 lakhs at a CAGR of 16.42%.
-PAT grew from Rs 63.59 lakhs to Rs 262.64 lakhs at a CAGR of 32.80%.
The company has 40 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 6,624.20 | 3,696.17 | 3,486.30 | 2,915.56 | 2,648.57 | |
| Total Revenue | 54,889.53 | 16,441.05 | 18,331.31 | 12,777.45 | 9,624.74 | |
| Profit After Tax | 393.78 | 143.47 | 144.12 | 123.91 | 94.68 | |
The Company Sky Gold 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 | Repayment of Loans | 14.80 |
| 2 | Funding Working Capital Requirement | 7.28 |
| 3 | Expenditure for General Corporate Purposes | 2.80 |
[Dilip Davda] <p>Currently sentiment for jewellery sector is very weak. Company’s financial too are not that appealing except FY18 which raised IPO with superb earnings in pre-IPO year. Pricing of the issue is very aggressive and major chunk of fund is going for repayment of loans from promoters. There is no harm in giving this issue a miss. </p> Read detail review...
| Listing Date | October 4, 2018 |
| BSE Script Code | 541967 |
| NSE Symbol | SKYGOLD |
| ISIN | INE01IU01018 |
| Final Issue Price | ₹180 per share |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹181.00 |
| Low | ₹180.25 |
| High | ₹181.00 |
| Last Trade | ₹180.45 |
Sky Gold Ltd.
Gala no. 101, 102, 103, 1st Floor,
Raja Industrial Estate,
Sarvoday Nagar, Mulund (West)
Mumbai, Maharashtra, 400080
Phone: +91 - 22 - 2593 9399
Email: info@skygold.in
Website: http://www.skygold.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: skygold.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sky Gold IPO is a SME IPO of 14,20,000 equity shares of the face value of ₹10 aggregating up to ₹25.56 Crores. The issue is priced at ₹180 per share. The minimum order quantity is .
The IPO opens on September 18, 2018, and closes on September 21, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Sky Gold IPO using UPI as a payment gateway. Zerodha customers can apply in Sky Gold IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sky Gold IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sky Gold IPO opens on September 18, 2018 and closes on September 21, 2018.
Sky Gold IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Sky Gold 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 Sky Gold IPO will be done on Wednesday, September 26, 2018, and the allotted shares will be credited to your demat account by Friday, September 28, 2018. Check the Sky Gold IPO allotment status.
The Sky Gold IPO listing date is on Thursday, October 4, 2018.
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