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Penta Gold Limited IPO is a fixed price issue of Rs 11.44 crores.
Penta Gold Limited IPO bidding started from September 4, 2017 and ended on September 6, 2017.
Penta Gold Limited IPO price is ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Penta Gold Limited IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Penta Gold Limited IPO RHP for detailed information.
| IPO Date | September 4, 2017 to September 6, 2017 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,268,000 shares (aggregating up to ₹11.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Penta Gold Limited IPO offers 3,268,000 shares. 1,634,000 (50.00%) to NII, 1,634,000 (50.00%) to RII.
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | - | |
| Market Maker Shares Offered | - | - |
| Other Shares Offered | 1,634,000 (50.00%) | |
| Retail Shares Offered | 1,634,000 (50.00%) | |
| Total Shares Offered | 3,268,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| Lot Size Calculator | |||
Incorporated in 2012, Penta Gold Ltd is engaged in wholesale distribution of jewelry, precious stones and metals, costume jewelry, watches, clocks, and silverware. They have a retail outlet in Mumbai.
They have retail outlet in Mumbai. PGL export products (gold jewellery studded with diamond) to overseas buyers and also sells to wholesalers domestically. The company primarily sells gold jewellery i.e. Chains, Rings, Bangles, Necklace, Mangalsutra, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds, American diamonds and other precious stones. Further, it also has product line of antique and kundan Jewellery and variety of Italian jewellery products which is famous for its machine designs and light weighted jewellery. PGL majorly procures required gold from various banks and also procures gold and precious stones from local markets
They also customize Jewellery for individual needs. They outsource manufacture of jewellery to various domestic corporate, local artisans and craftsmen. They supply raw material to the job workers who in turn take 7 to 10 days for manufacturing the Jewellery depending upon the size and design of the order.
The objects of the Issue are:
1. Augmenting additional working capital requirements;
2. Meeting Issue Expenses.
[Dilip Davda] Considering track record and aggressive pricing of Penta Gold NSE SME IPO, there is no harm in giving this IPO a miss. Read detail review...
The Penta Gold Limited IPO is subscribed times on September 6, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | |
| Retail | |
| Total |
Sept 12th 2017 - Company decided to withdrew the public issue.
Penta Gold Ltd
2224 Manek Chowk,
Opp. Old Share Bazar,
Ahmedabad - 380001
Phone: + 91-79-22153555
Email: info@pentagold.in
Website: http://www.pentagold.in
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pentagold.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Penta Gold Limited IPO is a SME IPO of 3,268,000 equity shares of the face value of ₹10 aggregating up to ₹11.44 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 4, 2017, and closes on September 6, 2017.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Penta Gold Limited IPO opens on September 4, 2017 and closes on September 6, 2017.
Penta Gold Limited IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.
You can apply in Penta Gold Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Penta Gold Limited IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Penta Gold Limited IPO allotment status.
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