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Silgo Retail IPO is a fixed price issue of Rs 4.88 crores.
Silgo Retail IPO bidding started from September 27, 2018 and ended on October 3, 2018. The allotment for Silgo Retail IPO was finalized on Monday, October 8, 2018. The shares got listed on NSE SME on October 10, 2018.
Silgo Retail IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Aryaman Financial Services Limited is the book running lead manager of the Silgo Retail IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Silgo Retail IPO RHP for detailed information.
| IPO Date | September 27, 2018 to October 3, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,356,000 shares (aggregating up to ₹4.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,710,000 |
| Share holding post issue | 5,066,000 |
| Market Maker portion | 72,000 shares |
Silgo Retail IPO offers 1,356,000 shares. 642,000 (47.35%) to NII, 642,000 (47.35%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 72,000 (5.31%) |
| Other Shares Offered | 642,000 (47.35%) |
| Retail Shares Offered | 642,000 (47.35%) |
| Total Shares Offered | 1,356,000 (100%) |
Silgo Retail IPO opens on September 27, 2018, and closes on October 3, 2018.
| IPO Open Date | Thursday, September 27, 2018 |
| IPO Close Date | Wednesday, October 3, 2018 |
| Basis of Allotment | Monday, October 8, 2018 |
| Initiation of Refunds | Tuesday, October 9, 2018 |
| Credit of Shares to Demat | Wednesday, October 10, 2018 |
| Listing Date | Wednesday, October 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2018 |
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 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
Incorporated in 2016, Jaipur based Silgo Retail Limited is a company engaged in the business of designing, manufacturing, wholesaling and retailing of silver jewellery.
The company It mainly deals in silver jewellery. Its product portfolio includes bracelets, necklaces, rings, earrings, jhumki, bangles and customized jewellery.
Retailing makes for 71.05% of the revenue model of the company while manufacturing adds 28.95%.
The revenue from operations was Rs 1,646.51 lakhs and Rs 497.62 lakhs for 2017-18 and 2016-17 respectively.
The Net Profit after tax for the company was Rs 94.75 lakhs in 2017-18 and Rs 18.15 lakhs in 2016-17.
The company's manufacturing facility is located at Jaipur.
There are 69 employees on the payroll of the company.
Silgo runs a program named "Dyuti" to promote women entrepreneurship in the region.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | ||||
| Total Assets | 902.56 | 244.23 | 1.16 | |||
| Total Revenue | 1,646.51 | 497.62 | -- | |||
| Profit After Tax | 94.75 | 18.15 | -- | |||
The objectives of the Issue are-
1. Raise funds for Long-Term Working Capital Requirements
2. Funding Expenditure for General Corporate Purposes
[Dilip Davda]
Issue is fully priced. The company has just two year’s track record. Cash surplus risk savvy investors may consider investment at their own risk.
Read detail review...The Silgo Retail IPO is subscribed 1.23 times on October 3, 2018 5:00:00 PM. The public issue subscribed 0.50 times in the retail category, times in the QIB category, and 1.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.96 |
| Retail | 0.50 |
| Total | 1.23 |
| Listing Date | October 10, 2018 |
| BSE Script Code | |
| NSE Symbol | SILGO |
| ISIN | INE01II01013 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹36.00 |
| ₹36.45 |
| ₹36.10 |
| ₹36.25 |
| ₹36.10 |
Silgo Retail Limited
B-11, Mahalaxmi Nagar
Jawahar Lal Nehru Marg,
Jaipur, Rajasthan- 302 017
Phone: +91-0141-4919655
Email: info@silgo.in
Website: http://www.silgo.in/
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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Silgo Retail IPO is a SME IPO of 1,356,000 equity shares of the face value of ₹10 aggregating up to ₹4.88 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 27, 2018, and closes on October 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Silgo Retail IPO opens on September 27, 2018 and closes on October 3, 2018.
Silgo Retail IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Silgo Retail 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 Silgo Retail IPO will be done on Monday, October 8, 2018, and the allotted shares will be credited to your demat account by Wednesday, October 10, 2018. Check the Silgo Retail IPO allotment status.
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