Silgo Retail IPO Description – Silgo Retail is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. The company deals in silver jewellery and offers a wide variety of designs to suit the preferences of the end customers. With regional diversity of tastes and preferences, it has diverse portfolio of ornaments and jewellery to suit the taste and preferences.
Its products include silver jewellery with varied range of designs and the product portfolio includes rings, earrings, bracelets, necklaces, jhumki, bangles and customized jewellery based on customer demand. Its online products are hallmarked jewellery certified by BIS and every product is cast in 925 sterling sliver. The company offers a wide range of products in silver jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. It has a dedicated and efficient design team, focused on developing new products and designs that meet customers’ requirements using the latest 3D Computer-Aided Designing (CAD) Software.
Promoters of Silgo Retail – Mr Nitin Jain and Mrs Bela Agrawal
| Silgo Retail IPO details | |
| Subscription Dates | 27 September – 3 October 2018 |
| IPO Price band | INR36 per share |
| Fresh issue | 1,356,000 shares (INR4.88 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,356,000 shares (INR4.88 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements- INR4.18 crore
- General Corporate Purpose – INR0.22 crore
- Issue Expenses – INR0.48 crore
| Silgo Retail’s financial performance (in INR crore) | ||||||
| FY2017 | FY2018 | |||||
| Total revenue | 4.98 | 16.47 | ||||
| Total expenses | 4.71 | 15.15 | ||||
| Profit after tax | 0.18 | 0.95 | ||||
Silgo Retail’s Contact Details
Silgo Retail Limited
B–11, Mahalaxmi Nagar
Jawahar Lal Nehru Marg
Jaipur, Rajasthan– 302 017
Phone: +91 0141 4919655
Email: [email protected]
Website: www.silgo.in
Silgo Retail IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.02 |
| Day 2 | 0.38 |
| Day 3 | 0.89 |
| Day 4 | 1.17 |
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Silgo Retail Valuation (For FY2018)
Earnings Per Share (EPS): INR4.22
Price/Earnings (P/E) ratio: 8.53
Return on Net Worth (RONW): 83.3%
Net Asset Value (NAV): INR10.07 per share
Registrar of Silgo Retail IPO
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
Silgo Retail IPO Allotment Status
Silgo Retail IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Silgo Retail
IPO Opening Date: 27 September 2018
IPO Closing Date: 3 October 2018
Finalisation of Basis of Allotment:Â 8 October 2018
Initiation of refunds: 9 October 2018
Transfer of shares to demat accounts: 10 October 2018
Listing Date: 10 October 2018
Listing Price on NSE SME: INR36.45 per share (up 1.25% from IPO price)
Closing Price on NSE SME: INR36.45 per share (up 1.25% from IPO price)
