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Sagar Diamonds IPO is a book built issue of Rs 15.21 crores.
Sagar Diamonds IPO bidding started from September 14, 2017 and ended on September 18, 2017.
Sagar Diamonds IPO price band is set at ₹40 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Gretex Corporate Services Limited is the book running lead manager of the Sagar Diamonds IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sagar Diamonds IPO RHP for detailed information.
| IPO Date | September 14, 2017 to September 18, 2017 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,381,000 shares (aggregating up to ₹15.21 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 9,262,780 |
| Share holding post issue | 12,643,780 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
Incorporated in 2015, Sagar Diamonds Ltd is engaged in business of manufacturing and exporting of rough and polished diamonds. They are also engaged in the business of jewellery making and marketing. They sell a wide range of jewellery products including cut and polished diamond studded jewellery to diverse customer segments, from the value market to high-end customized jewellery. Their product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans.
They have independent sales and distribution networks for their products. Most of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets. They procure diamond from suppliers at domestic and international market depending upon the needs and requirement.
Company's manufacturing facility at their factory unit located in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month.
The Objects of the Issue are:
1. To Meet working capital requirement;
2. To meet the Issue Expenses; and
3. To meet General corporate purpose.
[Dilip Davda] Considering aggressive pricing of Sagar Diamonds BSE SME IPO, there is no harm in giving this issue a miss. Read detail review...
The Sagar Diamonds IPO is subscribed times on September 18, 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) |
|---|
Sagar Diamonds Ltd
Unit No 101 Plot No 193,
SEZ Diamond Park Sachin,
Surat - 394230
Phone: + 91-261-2397866
Email: cs@sagardiamonds.com
Website: http://www.sagardiamonds.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Sagar Diamonds IPO is a SME IPO of 3,381,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹40 to ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 14, 2017, and closes on September 18, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Sagar Diamonds IPO opens on September 14, 2017 and closes on September 18, 2017.
Sagar Diamonds IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Sagar Diamonds 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 Sagar Diamonds IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sagar Diamonds IPO allotment status.
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