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Founded in 2016, Silgo Retail Limited is active in the design, manufacture, wholesale, and retail of silver jewelry. The company also deals in gemstones.
The company mainly deals in silver jewelry. The product portfolio includes bracelets, necklaces, rings, earrings, jhumki, bangles and custom jewelry. All of the company's jewelry is cast from 925 sterling silver. The company also offers a wide range of traditional, Indian, western, and modern designs and silver jewelry. The offerings are specialized in silver jewelry and carry the BIS hallmark.
The company offers a wide range of silver jewelry for special occasions such as weddings and festivals as well as everyday jewelry for all age groups, genders, and in various price ranges.
The company's manufacturing facility is located in Jaipur. Silgo runs a program called "Dyuti" to promote entrepreneurship among women in the region.
As at September 30, 2023, the company had 20 employees, including Executive Directors and KMP.
Issue Open | February 28, 2024 - March 12, 2024 |
Security Name | Silgo Retail Limited |
Issue Size (Shares) | 10,270,000 |
Issue Size (Amount) | ₹25.68 Crores |
Issue Price | ₹25 per share |
Face Value | ₹10 per share |
Listing At | NSE |
Terms of Payment | The entire amount of the Issue Price of ₹ 25/- per Rights Equity Share shall be payable at the time of Application. |
Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | February 21, 2024 |
Record Date | February 22, 2024 |
Credit of Rights Entitlements | February 23, 2024 |
Bid/Offer Opens On | February 28, 2024 |
Renunciation of Rights Entitlements | March 8, 2024 |
Bid/Offer Closes On | March 12, 2024 |
Deemed Date of Allotment | March 20, 2024 |
Credit Date | March 20, 2024 |
Listing Date | March 26, 2024 |
Silgo Retail Limited's revenue decreased by -1.33% and profit after tax (PAT) rose by 2% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 52.11 | 51.19 | 45.16 |
Revenue | 34.68 | 35.14 | 31.90 |
Profit After Tax | 2.35 | 2.31 | 2.20 |
Amount in ₹ Crore |
The Net Proceeds from the Issue are proposed to be utilized by our Company for the objects set out below:
Silgo Retail Rights Issue 2024 got subscribed by 0.04 times by the end of the bidding period with total bid quantity received by NSE of 371,801 shares.
Silgo Retail Limited
B 11 Mahalaxmi Nagar,
JLN Marg,
Jaipur - 302017
Phone: + 917055570555
Email: info@silgo.in
Website: https://www.silgo.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshargonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Silgo Retail Rights Issue 2024 opens on February 28, 2024, and closes on March 12, 2024.
Silgo Retail Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | February 23, 2024 |
Last Date for renunciation of Rights Entitlements | March 8, 2024 |
Issue Opening Date | February 28, 2024 |
Issue Closing Date | March 12, 2024 |
Date of Allotment (on or about) | March 20, 2024 |
Date of Credit (on or about) | March 20, 2024 |
Date of Listing (on or about) | March 26, 2024 |
Silgo Retail Rights Issue 2024 price is set at ₹25 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (February 22, 2024).
The record date for the Silgo Retail Rights Issue 2024 is February 22, 2024.
The issue size of Silgo Retail Rights Issue 2024 is of 10,270,000 equity shares at ₹25 per share aggregating upto ₹25.68 Crores.
The Letter of Offer for Silgo Retail Rights Issue 2024 can be download here.
You can apply for Silgo Retail Rights Issue 2024 in two ways:
Steps to apply for Silgo Retail Rights Issue 2024 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Silgo Retail Rights Issue 2024 using Registrar's website (R-WAP)
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