Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹10.00 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). The minimum lot size investment for 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 Date | September 30, 2019 to October 4, 2019 |
| Listing Date | October 15, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,00,000 shares (aggregating up to ₹4.50 Cr) |
| Reserved for Market Maker | 2,40,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.2400 Cr) |
| Net Offered to Public | 42,60,000 shares (aggregating up to ₹4.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,22,85,350 shares |
| Share Holding Post Issue | 1,67,85,350 shares |
Sona Hi Sona IPO offers total 45,00,000 shares. Out of which 21,30,000 (47.33%) allocated to NII, 21,30,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.33%) |
| NII (HNI) Shares Offered | 21,30,000 (47.33%) |
| Retail Shares Offered | 21,30,000 (47.33%) |
| Total Shares Offered | 45,00,000 (100.00%) |
Sona Hi Sona Jewellers IPO opens on September 30, 2019, and closes on October 4, 2019.
| IPO Open Date | Mon, Sep 30, 2019 |
| IPO Close Date | Fri, Oct 4, 2019 |
| Tentative Allotment | Thu, Oct 10, 2019 |
| Initiation of Refunds | Fri, Oct 11, 2019 |
| Credit of Shares to Demat | Mon, Oct 14, 2019 |
| Tentative Listing Date | Tue, Oct 15, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 4, 2019 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 2,224.40 | 2,230.88 | 1,220.15 | |
| Total Revenue | 6,717.98 | 5,903.26 | 5,448.10 | |
| Profit After Tax | 38.86 | 18.65 | 6.18 | |
The Company Sona Hi Sona Jewellers 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 | Meeting incremental working capital requirements | 3.72 |
| 2 | General corporate purposes | 0.45 |
[Dilip Davda] Although the issue is at par value, its financial performance is not compelling. The company is in a highly competitive business that has high volume, low margins. SHSJL has just one store and 9 employees. Investors have burnt their fingers in similar kind of issues in the past. Considering listless performance, only cash surplus, risk savvy investors may consider investing in this at par offer on their own risk. Read detail review...
| Listing Date | October 15, 2019 |
| BSE Script Code | |
| NSE Symbol | GOLDKART |
| ISIN | INE06MH01016 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹11.15 |
| Low | ₹10.60 |
| High | ₹11.40 |
| Last Trade | ₹11.40 |
Sona Hi Sona Jewellers (Gujarat) Ltd.
7, Millenium Plaza,
Opp. Swaminarayan Mandir,
Mansi Cross Road, Vastrapur,
Ahmedabad, Gujarat, 380013
Phone: +91 8511191111
Email: cs@sonahisona.com
Website: http://www.sonahisona.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: sonahisona.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sona Hi Sona Jewellers IPO is a SME IPO of 45,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on September 30, 2019, and closes on October 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 September 30, 2019 and closes on October 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 Monday, October 14, 2019. Check the Sona Hi Sona Jewellers IPO allotment status.
The Sona Hi Sona Jewellers IPO listing date is on Tuesday, October 15, 2019.
Useful Articles
RHP