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
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Sagar Diamonds IPO details |
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| 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 |
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Sagar Diamonds’ financial performance (in INR lakh) |
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| 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]
Website: www.sagardiamonds.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.92 |
| Day 2 | 1.46 |
| Day 3 | 9.45 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
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)
