Business description – Sonam Clock is a clock manufacturing company situated in Morbi, Gujarat. The company offers a wide range of table and wall clocks at various price points across budget, mid-level and premium styles. It offers clocks from a price range of INR100 to INR1800 which includes LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, rotating pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks and regular clocks. The company also offers customized corporate clocks in bulk quantities for corporate gifting purpose. Its products are sold mainly to clock dealers, retailers, corporates, gifts and novelties stores, through which it reaches to end consumers. Its products are sold under the brand name of Sonam, ampm and Lotus. In FY 2016-17, its net revenue from operations comprised of INR3792.85 lakhs, of which approximately 40% comprised of export sales to Middle – East countries such as Dubai and Iraq. Its Manufacturing facility is located in Morbi, Gujarat.
Promoters of Sonam Clock – Mr Jayeshbhai Chhabildas Shah and Mrs Deepaben Jayeshbhai Shah
| Sonam Clock IPO details | |
| Subscription Dates | 1 – 6 June 2018 |
| IPO Price band | INR36 per share |
| Fresh issue | 2,808,000 shares (INR10.11 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,808,000 shares (INR10.11 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 – INR5.1 crore
- Repayment of unsecured loan – INR2 crore
- General corporate purposes – INR2.33 crore
- Issue expenses – INR0.68 crore
| Sonam Clock’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 33.7 | 33.6 | 34.1 | 36.8 | 39.0 | 38.6 |
| Total expenses | 30.2 | 30.0 | 30.5 | 31.5 | 34.6 | 33.3 |
| Profit after tax | 0.5 | 0.6 | 0.4 | 2.7 | 0.8 | 2.3 |
Sonam Clock’s Contact Details
Sonam Clock Limited
Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara
Morbi, Gujarat – 363641
Phone: +91Â 2822 285017
Email: [email protected]
Website: www.sonamquartz.com
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Sonam Clock IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.84 |
| Day 2 | 1.05 |
| Day 3 | 1.23 |
| Day 4 | 2.29 |
Sonam Clock Valuation (Latest FY)
Earnings Per Share (EPS): INR1.12
Price/Earnings (P/E) ratio: 32.12
Return on Net Worth (RONW): 8.63%
Net Asset Value (NAV): INR12.98 per share
Registrar of Sonam Clock 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
Sonam Clock IPO Allotment Status
Sonam Clock IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Sonam Clock
IPO Opening Date: 1 June 2018
IPO Closing Date: 6 June 2018
Listing Date: 14 June 2018
Listing Price on NSE SME: INR37 per share (up 2.78% from IPO price)
Closing Price on NSE SME: INR36.95 per share (up 2.63% from IPO price)
