Sanghvi Brands IPO

Sanghvi Brands IPOBusiness description from prospectus – Sanghvi Brands manages & operates one of India’s leading integrated portfolio of Luxury Spa, Beauty, Wellness & Fitness Brands and one of the Top Largest Spa & Wellness Operators in Indiawith license rights to operate various Premium International Brands including: Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spas, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness Programme. The company has sole distributorship of Noveau Lashes for the territory of India to promote, market and sell these products.

It has 19 Spa/ Salons across the World which are Operational including training academies and another 9 under development in Spa/ Salons. These include partnerships at some of the Most Luxurious Hotel & Residential Locations including: The Ritz Carlton San Francisco, JW Marriott Mussoorie, Raichak Hotel in Kolkata on the banks of Ganges, Khyber Resort in the Himalayas, Jammu and Kashmir. Additionally, it has partnerships with Leading Real Estate Developer in India which includes: Lodha Developers, IREO, K Raheja Corp.

Promoters of Sanghvi Brands – Mr. Darpan Narendra Sanghvi

Sanghvi Brands IPO details

Subscription Dates 10 – 14 November 2017
IPO Price band INR69 per share
Fresh issue 2,748,000 shares (INR18.96 crore)
Offer for sale Nil
Total IPO size 2,748,000 shares (INR18.96 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Sanghvi Brands’ financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017 Q1 FY2018
Total revenue 156.5 558.0 995.7 1,505.7 2,670.1 669.5
Total expenses 198.2 564.7 992.3 1,591.0 2,642.6 679.8
Profit after tax -41.7 -9.6 8.3 -85.9 11.6 -27.6

Sanghvi Brands Limited
Sanghvi House
105/2, Shivajinagar
Pune- 411005

Phone: +91 020 3053 3084
Email: [email protected]


Subscription (no. of times)

Day 1 0.02
Day 2 0.17
Day 3 2.44


Earnings Per Share (EPS): INR0.15

Price/Earnings (P/E) ratio: 460.0

Return on Net Worth (RONW): 1.44%

Net Asset Value (NAV): INR28.73 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]

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

IPO Opening Date: 10 November 2017

IPO Closing Date: 14 November 2017

Listing Date: 22 November 2017

Listing Price on BSE SME: INR82.8 per share (up 20% from IPO price)

Closing Price on BSE SME: INR82.8 per share (up 20% from IPO price)


  1. Kyaa junk company hai yeh? PAT is -ve for 3 of the last 5 years, P/E is 460?!? Are you kidding me? IEX, which was technically one of the most profitable companies with 50% PAT opened in a huge loss for investors despite being at just 40+ P/E and this company goes for 10 times that. All the other insurance giants are losing investors money by opening below listing and none of them is priced more than 70 times P/E despite being multi billion $ giants with worth in several 1000’s of crores of rupees… And this guy with no name, nothing comes in at 460 times P/E!!!

    What is wrong with our bull market? I would buy this share if it were listed at 2-4 Rupees per share, NOT at 70. Good luck to all the other investors. I sincerely hope and pray none of you get burned.


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