Sagar Diamonds IPO

Sagar Diamonds IPO

Business description from prospectus – Sagar Diamonds is engaged in manufacturing and exporting of rough and polished diamonds procured from the trusted and certified suppliers and in jewelry making. We are also involved in trading of diamond and processing by trained and qualified workers on job work basis. Our product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans.

We have our manufacturing facility at our factory unit located in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month.

Promoters of Sagar Diamonds – Vaibhav Dipak Shah

Sagar Diamonds IPO details

Subscription Dates 14 – 18 September 2017
IPO Price band INR40 – 45 per share
Fresh issue 3,381,000 shares (INR13.52 – 15.21 crore)
Offer for sale Nil
Total IPO size 3,381,000 shares (INR13.52 – 15.21 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Sagar Diamonds’ financial performance (in INR lakh)

FY2016 FY2017 Period ended 20 June 2017
Total revenue 999.9 1,045.0
Total expenses 0.2 949.8 1,001.4
Profit after tax -0.2 34.7 30.0

Sagar Diamonds Limited
Unit No. 101, Plot No. 193,
SEZ Diamond Park, Sachin
Surat – 394230

Phone: +91 261 2397866
Email: [email protected]


Subscription (no. of times)

Day 1 0.92
Day 2 1.46
Day 3 9.45


Earnings Per Share (EPS): INR2.14 (adjusted)

Price/Earnings (P/E) ratio: 18.69 – 21.02

Return on Net Worth (RONW): 97.80%

Net Asset Value (NAV): INR10.44 per share

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]

Sagar Diamonds IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

IPO Opening Date: 14 September 2017

IPO Closing Date: 18 September 2017

Finalisation of Basis of Allotment: 21 September 2017

Initiation of refunds: 21 September 2017

Transfer of shares to demat accounts: 22 September 2017

Listing Date: 26 September 2017

Listing Price on BSE SME: INR45 per share (no change from IPO price)

Closing Price on BSE SME: INR44.55 per share (down 1% from IPO price)


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