S M Gold IPO Overview – S M Gold is principally engaged into the business of manufacturing and wholesale trading of mangalsutra jewellery. Besides mangalsutra jewellery, a minor part of business also includes other jewellery`s like Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, waist belts, Anklet, Zuda, Toe Ring, Pendant Set/Pendant, Bracelet and Bangles., wedding Jewellery, festive Jewellery.
The jewellery sold by the company is sold under the brand name of “S. M. Gold – the House of Mangalsutra”. Its strength is in manufacturing Mangalsutra and Antique Jewellery. However, in order to cater to customers taste, preference, choice and the ever changing trends in the jewellery, it offers its customers a wide variety of traditional, Indo-western, & modern jewellery also. Its jewellery is mostly traditional in style and is handmade by workers. It has an in-house designing team which designs the mangalsutra and other jewellery`s in traditional, modern and indo-western style. Apart from manufacturing jewellery ourselves, it also get its mangalsutra and other jewellery`s manufactured through job workers located in Ahmedabad, Rajkot, Kolkata and Mumbai. The raw material and design is provided to these job workers by the company.
Promoters of S M Gold – Mr Priyank S Shah and Mr Pulkitkumar S Shah
| S M Gold IPO details | |
| Subscription Dates | 3 – 10 October 2018 |
| IPO Price band | INR30 per share |
| Fresh issue | 2,500,000 shares (INR7.50 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,500,000 shares (INR7.50 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR7.25 crore
- Issue Expenses – INR0.25 crore
| S M Gold’s financial performance (in INR crore) | ||||||
| FY2015 | FY2016 | FY2017 | FY2018 | Q1 FY2019 | ||
| Total revenue | 19.55 | 23.82 | 22.79 | 13.54 | 4.90 | |
| Total expenses | 19.29 | 23.61 | 22.57 | 13.30 | 4.61 | |
| Profit after tax | 0.21 | 0.17 | 0.18 | 0.18 | 0.22 | |
S M Gold’s Contact Details
S M Gold Limited
Shop No-1,916 Building, Opp. Luhar Ni Pole
M.G Haveli Road, Manek Chowk
Ahmedabad – 380001
Phone: +91 79 22114411
Email: [email protected]
Website: www.smgold.in
S M Gold IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.00 |
| Day 3 | 0.00 |
| Day 4 | 0.27 |
| Day 5 | 0.53 |
| Day 6 | 1.04 |
S M Gold Valuation (For FY2018)
Earnings Per Share (EPS): INR0.62
Price/Earnings (P/E) ratio: 48.39
Return on Net Worth (RONW): 3.46%
Net Asset Value (NAV): INR17.93 per share
Registrar of S M Gold IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.karvycomputershare.com
S M Gold IPO Allotment Status
S M Gold IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing performance of S M Gold
IPO Opening Date: 3 October 2018
IPO Closing Date: 10 October 2018
Listing Date: 19 October 2018
Listing Price on BSE SME: INR30.6 per share (up 2% from IPO price)
Closing Price on BSE SME: INR30.5 per share (up 1.67% from IPO price)
