Sky Gold IPO overview – Sky Gold is engaged in the business of designing, manufacturing and marketing of Gold jewellery since its incorporation. It mainly deals in 22 Karat gold jewellery, offering a wide variety of designs to suit preferences of the end customer. The company creates localised product design mixes to suit various regional tastes. It provides an extensive range of designs and also uses studded American diamonds and / or coloured stones in many of its jewellery products.
Currently, the company caters to a large number of wholesalers, showrooms and retailers who buy products in bulk quantities. It offers a wide range of products from gold jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points. It caters to a variety of customers across mid-market and value market segments and its products are designed by in-house team of creative designers and also certain freelance designers, allowing it to manage a large and diverse portfolio of designs.
It operates from a 2,740 sq. ft. sole manufacturing facility which is located in the heart of Mumbai city in Mulund (West) where it makes casting based jewellery using rubber dye, wax moulds and machines. The company has its central sales offices at Mumbai which looks after the overall marketing of its products. It has also set-up sales offices in Kerala and Telangana to offer better concentration and service in Southern regions of India.
Promoters of Sky Gold – Mr. Mangesh Chauhan, Mr. Mahendra Chauhan and Mr. Darshan Chauhan
| Sky Gold IPO details | |
| Subscription Dates | 18 – 21 September 2018 |
| IPO Price band | INR180 per share |
| Fresh issue | 1,420,000 shares (INR25.56 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,420,000 shares (INR25.56 crore) |
| Minimum bid (lot size) | 800 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Repayment of Loans – INR14.80 crore
- Working Capital Requirement
- General Corporate Purpose
- Issue Expenses
| Sky Gold’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 96.2 | 127.8 | 183.3 | 164.4 | 548.9 | |
| Total expenses | 95.3 | 126.5 | 181.9 | 163.0 | 545.0 | |
| Profit after tax | 0.64 | 0.82 | 0.94 | 0.94 | 2.63 | |
Sky Gold’s Contact Details
Sky Gold Limited
No. 12A, 13 and 14, 1st Floor, Kanak Chambers
267-71, Kalbadevi Road
Mumbai – 400 002
Phone: +91 22 – 2593 9399
Email:Â [email protected];
Website: www.skygold.in
Sky Gold IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.40 |
| Day 2 | 0.75 |
| Day 3 | 1.03 |
| Day 4 | 1.04 |
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Sky Gold Valuation (For FY2018)
Earnings Per Share (EPS): INR6.65
Price/Earnings (P/E) ratio: 27.07
Return on Net Worth (RONW): 19.48%
Net Asset Value (NAV): INR34.11 per share
Registrar of Sky Gold IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Sky Gold IPO Allotment Status
Sky Gold IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Sky Gold
IPO Opening Date: 18 September 2018
IPO Closing Date: 21 September 2018
Listing Date: 3 October 2018
Listing Price on BSE SME: INR180.45 per share (up 0.25% from IPO price)
Closing Price on BSE SME: INR180.45 per share (up 0.25% from IPO price)
