Incorporated in 2001, Gujarat based Sonam Clock Limited is a company engaged in clock manufacturing. The company offers a wide range of table and wall clocks at various price points across the budget, mid-level and premium styles. As on February'18, it is offering LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, rotating pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks and regular clocks.
Sonam also offers customized corporate clocks in bulk quantities for corporate gifting purpose. The products are sold mainly to clock dealers, retailers, corporates, gifts and novelties stores, through which it reaches to the end-consumers. The products are sold under the brand name of Sonam, ampm, and Lotus. In F.Y. 2016-17, the net revenue from operations comprised of Rs. 3792.85 lakhs of with approximately 40% comprised of export sales to Middle - East countries such as Dubai and Iraq. The company's Manufacturing facility is located in Morbi, Gujarat and has at present installed production capacity of approximately 72 lakhs p.a. for clocks and 240 lakhs p.a. for clock movements. It is also engaged in the sale of clock parts which includes clock movements, clock cases etc.
The Company has employed 304 permanent full-time employees (including senior Management) at various levels of the Organization.
The Promoters of the Company are Mr. Jayeshbhai Chhabildas Shah and Mrs. Deepaben Jayeshbhai Shah. Mr. Jayeshbhai Chhabildas Shah holds 62,39,200 Equity Shares and Mrs. Deepaben Jayeshbhai Shah holds 4,80,000 Equity Shares of the Company. They will continue to hold the majority of the post-issue paid-up equity share capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||80.70||268.11||40.99||57.52||45.53|
The objects of the Issue are-
1. Funding the Working Capital Requirements of the Company
2. Repayment of Unsecured Loan availed by the Company
3. General Corporate Expenses
4. Issue Expenses
»» Issue Open: Jun 1, 2018 - Jun 6, 2018
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,808,000 Equity Shares of Rs 10 aggregating up to Rs 10.11 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 36 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: NSE SME
Sonam Clock IPO Subscription Status tells if Sonam Clock IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Sonam Clock IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||1,332,000||1,332,000||144,000||2,808,000|
|Day 1 - Jun 1, 2018 17:00 IST||0||198,000||2,169,000||-||2,367,000|
|Day 2 - Jun 4, 2018 17:00 IST||0||264,000||2,688,000||-||2,952,000|
|Day 3 - Jun 5, 2018 17:00 IST||0||399,000||3,057,000||-||3,456,000|
|Day 4 - Jun 6, 2018 17:00 IST||0||1,389,000||5,067,000||-||6,456,000|
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