Business 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
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Sanghvi Brands IPO details |
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| 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 |
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Sanghvi Brands’ financial performance (in INR lakh) |
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| 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]
Website: www.sanghvibrands.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.02 |
| Day 2 | 0.17 |
| Day 3 | 2.44 |
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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 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
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)
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.
Thanks Vijaybhai..
Thank you very much…. bro
SHOULD WE INVEST IN THIS COMPANY?PLS ADVISE
Thanks Vijaybhai..
Thank you very much…. bro