Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Mon, Sep 30, 2019 - Fri, Oct 4, 2019
Sona Hi Sona Jewellers IPO is a fixed price issue of ₹4.50 crores. The issue is entirely a fresh issue of 0.45 crore shares of ₹4.50 crore.
Sona Hi Sona Jewellers IPO bidding started from Sep 30, 2019 and ended on Oct 4, 2019. The allotment for Sona Hi Sona Jewellers IPO was finalized on Oct 10, 2019. The shares got listed on NSE SME on Oct 15, 2019.
Sona Hi Sona Jewellers IPO price is ₹10 per share. The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Fedex Securities Pvt.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 NNM Securities Pvt.Ltd..
Refer to Sona Hi Sona Jewellers IPO RHP for detailed Information.
IPO Open
Mon, Sep 30, 2019
IPO Close
Fri, Oct 4, 2019
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹16.79 Cr
| IPO Date | 30 Sep to 4 Oct, 2019 |
| Listed on | Tue, Oct 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 2,40,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.2400 Cr) |
| Fresh Issue (Ex Market Maker) | 42,60,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 42,60,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 1,22,85,350 shares |
| Share Holding Post Issue | 1,67,85,350 shares |
| NSE Symbol | GOLDKART |
| ISIN | INE06MH01016 |
Sona Hi Sona Jewellers IPO comprises a total issue size of 45,00,000 shares. The net offer to the public is 42,60,000 shares, after excluding 2,40,000 shares allotted on a firm basis. Of the Net offer 21,30,000 (50.00%) allocated to NII 21,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,30,000 | 50.00% | 47.33% |
| Retail Shares Offered | 21,30,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,40,000 | 5.33% | |
| Total Shares Offered | 45,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
1. Wide Experience to meet the customer's requirements 2. Add new designs to portfolio regularly 3. The wide Jewellery product range 4. Branded Jewellery and ornaments
| 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 | Meeting incremental working capital requirements | 3.72 |
| 2 | General corporate purposes | 0.45 |
The Sona Hi Sona IPO is subscribed 1.21 times on October 4, 2019 5:00:00 PM (Day 4). The public issue subscribed 0.69 times in the retail category, [.] times in the QIB category, and 1.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.74 | 21,30,000 | 37,00,000 |
| Retail | 0.69 | 21,30,000 | 14,60,000 |
| Total | 1.21 | 42,60,000 | 51,60,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission | 0.10 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.03 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (market making fees, etc.) | 0.11 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹11.15 |
| Low | ₹10.60 |
| High | ₹11.40 |
| Last Trade | ₹11.40 |
Lead Manager Reports
Sona Hi Sona Jewellers IPO is a SME IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Sep 30, 2019, and closes on Fri, Oct 4, 2019.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sona Hi Sona Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Sona Hi Sona Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sona Hi Sona Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sona Hi Sona Jewellers IPO opens on Mon, Sep 30, 2019 and closes on Fri, Oct 4, 2019.
Sona Hi Sona Jewellers IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Sona Hi Sona Jewellers 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 Sona Hi Sona Jewellers IPO will be done on Thursday, October 10, 2019, and the allotted shares will be credited to your demat account by Mon, Oct 14, 2019. Check the Sona Hi Sona Jewellers IPO allotment status.
The Sona Hi Sona Jewellers IPO listing date is on Tue, Oct 15, 2019.
