Fixed Price IPO | ₹26 Cr | Listed at BSE SME | Tue, Sep 18, 2018 - Fri, Sep 21, 2018
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 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 Open
Tue, Sep 18, 2018
IPO Close
Fri, Sep 21, 2018
Issue Price
₹180 per share
Market Cap (Pre-IPO)
₹96.69 Cr
| IPO Date | 18 to 21 Sep, 2018 |
| Listed on | Thu, Oct 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹180 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 14,20,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 72,800 shares Aryaman Capital Markets Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 13,47,200 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 13,47,200 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 39,51,940 shares |
| Share Holding Post Issue | 53,71,940 shares |
| BSE Script Code | 541967 SKYGOLD |
| ISIN | INE01IU01018 |
Sky Gold IPO comprises a total issue size of 14,20,000 shares. The net offer to the public is 13,47,200 shares, after excluding 72,800 shares allotted on a firm basis. Of the Net offer 6,73,600 (50.00%) allocated to NII 6,73,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,73,600 | 50.00% | 47.44% |
| Retail Shares Offered | 6,73,600 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,800 | 5.13% | |
| Total Shares Offered | 14,20,000 | 100.00% | 100.00% |
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.
| 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 | Repayment of Loans | 14.80 |
| 2 | Funding Working Capital Requirement | 7.28 |
| 3 | Expenditure for General Corporate Purposes | 2.80 |
The Sky Gold IPO is subscribed 1.08 times on September 21, 2018 6:49:03 PM (Day 3). The public issue subscribed 0.94 times in the retail category, [.] times in the QIB category, and 1.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.23 | 6,74,000 | 8,27,200 |
| Retail | 0.94 | 6,74,000 | 6,34,400 |
| Total | 1.08 | 13,48,000 | 14,61,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.47 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.06 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.06 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹180.00 |
| Open | ₹181.00 |
| Low | ₹180.25 |
| High | ₹181.00 |
| Last Trade | ₹180.45 |
Lead Manager Reports
Sky Gold IPO is a SME IPO of 14,20,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹180 per share. The minimum order quantity is .
The IPO opens on Tue, Sep 18, 2018, and closes on Fri, Sep 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 Tue, Sep 18, 2018 and closes on Fri, Sep 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 Fri, Sep 28, 2018. Check the Sky Gold IPO allotment status.
The Sky Gold IPO listing date is on Thu, Oct 4, 2018.
