Sona Hi Sona Jewellers IPO description -Sona Hi Sona Jewellers (Gujarat) is into job work and trading business of Gold jewellery and ornaments. The company gets the job work done from outside for its own designs. However, it does not perform any job work activity for other companies. Its product collection list includes Gold Jewellery with or without studded precious and semi-precious stones. The company offers its customers a broad variety of Gold Jewellery in order to cater to regional tastes. The company also customizes Jewellery on individual basis. The designing and job work of its products is done either in house or by third parties on job work basis. Apart from its own Jewellery, the company is also dealing in wholesale trading of branded Jewellery.The company has three brands (i) Sona Hi Sona (ii) Freya and (iii) Jinansh. Under Brand Freya, it deals in antique Jewellery & ornaments and under Brand Jinansh, the company deals with American Diamond (AD) Jewellery, therein.
Sona Hi Sona Jewellers promoters – Vijay Shah and Alpaben Shah
| Sona Hi Sona Jewellers – Upcoming IPO details | |
| Subscription Dates | 30 September – 4 October 2019 |
| IPO Price band | INR10 per share |
| Fresh issue | 4,500,000 shares (INR4.5 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,500,000 shares (INR4.5 crore) |
| Minimum bid (lot size) | 10,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR3.72 crore
- General Corporate Purposes – INR0.45 crore
- Issue Expenses – INR0.33 crore
| Sona Hi Sona Jewellers’ financial performance (in INR lakh) | |||
| Â | FY2017 | FY2018 | FY2019 |
| Total revenue | 5,448.1 | 5,903.3 | 6,718.0 |
| Total expenses | 5,438.8 | 5,860.1 | 6,665.0 |
| Profit after tax | 6.2 | 18.7 | 38.9 |
Sona Hi Sona Jewellers Contact Detail
Sona Hi Sona Jewellers (Gujarat) LimitedÂ
7, Millenium Plaza
Opp. Swaminarayan Mandir, Mansi Cross Road
Vastrapur, Ahmedabad 380013 Phone: +91 8511191111
Email: [email protected]
Website: www.sonahisona.com
Sona Hi Sona Jewellers IPO Subscription Details
| Day | Subscription (no. of times, at 5 pm) |
| Day 1 | 0.06 |
| Day 2 | 0.53 |
| Day 3 | 0.63 |
| Day 4 | 1.15 |
Sona Hi Sona Jewellers Valuation (For FY2019)
Earnings Per Share (EPS): INR0.53
Price/Earnings (P/E) ratio: 18.75
Return on Net Worth (RONW): 3.98%
Net Asset Value (NAV): INR13.41 per share
Registrar of Sona Hi Sona Jewellers 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: [email protected]
Website:Â http://www.linkintime.co.in
Sona Hi Sona Jewellers IPO Allotment Status
Sona Hi Sona Jewellers IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Sona Hi Sona Jewellers
IPO Opening Date: 30 September 2019
IPO Closing Date: 4 October 2019
Finalisation of Basis of Allotment: 10 October 2019
Initiation of refunds: 11 October 2019
Transfer of shares to demat accounts: 14 October 2019
Listing Date: 15 October 2019
Listing Price on NSE SME: INR11.15 per share (up 11.5% from IPO price)
Closing Price on NSE SME: INR11.40 per share (up 14% from IPO price)
