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Sanghvi Brands IPO is a fixed price issue of Rs 18.96 crores.
Sanghvi Brands IPO bidding started from November 10, 2017 and ended on November 14, 2017. The shares got listed on BSE SME on November 22, 2017.
Sanghvi Brands IPO price is ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Sarthi Capital Advisors Private Limited is the book running lead manager of the Sanghvi Brands IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sanghvi Brands IPO RHP for detailed information.
IPO Date | November 10, 2017 to November 14, 2017 |
Listing Date | November 22, 2017 |
Face Value | ₹10 per share |
Price | ₹69 per share |
Lot Size | 2000 Shares |
Total Issue Size | 2,748,000 shares (aggregating up to ₹18.96 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 7,667,880 |
Share holding post issue | 10,415,880 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹138,000 |
Retail (Max) | 1 | 2000 | ₹138,000 |
Lot Size Calculator |
Incorporated in 2010, Sanghvi Brands Ltd (SBL) manages and operates Luxury Spa, Beauty, Wellness & Fitness Brands and one of the top largest Spa and Wellness Operator in India with license rights to operate various premium international brands including Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme.
They also holds sole distributorship of Noveau Lashes for the territory of India to promote market and sell these products. They currently operates 19 Spa/Salons across the globe and another 9 Salons/Spa are under development. It has partnered with The Ritz Carlton San Fransisco, JW Marriot Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, realty developers Lodha, IREO, K Raheja Corp etc.
The objects of the Issue are:
1. Business Expansion
a) Expanding outlets/ distribution of current brand portfolio in India and overseas
b) Acquisitions and development of new brands
2. Marketing and Sales promotion of the brands in their portfolio
3. Strategic Investments for business growth
4. General Corporate Purpose
5. Issue Expenses.
[Dilip Davda] Considering negative returns and inconsistent track record, here is no harm in giving this issue a miss. (Avoid) Read detail review...
Listing Date | November 22, 2017 |
BSE Script Code | 540782 |
NSE Symbol | |
ISIN | INE204Y01010 |
Final Issue Price | ₹69 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹69.00 |
₹75.90 |
₹74.00 |
₹82.80 |
₹82.80 |
Sanghvi Brands Ltd
Sanghvi House,
105/2 Shivaji Nagar,
Pune - 411005
Phone: 020730533084
Email: Investor@sanghvibrands.com
Website: http://www.sanghvibrands.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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Sanghvi Brands IPO is a SME IPO of 2,748,000 equity shares of the face value of ₹10 aggregating up to ₹18.96 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 2000 Shares.
The IPO opens on November 10, 2017, and closes on November 14, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Sanghvi Brands IPO opens on November 10, 2017 and closes on November 14, 2017.
Sanghvi Brands IPO lot size is 2000 Shares, and the minimum amount required is ₹138,000.
You can apply in Sanghvi Brands 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 Sanghvi Brands IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sanghvi Brands IPO allotment status.
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But see the upper circuits.