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Incorporated in 2012, Penta Gold Ltd is engaged in wholesale distribution of jewelry, precious stones and metals, costume jewelry, watches, clocks, and silverware. They have a retail outlet in Mumbai.
They have retail outlet in Mumbai. PGL export products (gold jewellery studded with diamond) to overseas buyers and also sells to wholesalers domestically. The company primarily sells gold jewellery i.e. Chains, Rings, Bangles, Necklace, Mangalsutra, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds, American diamonds and other precious stones. Further, it also has product line of antique and kundan Jewellery and variety of Italian jewellery products which is famous for its machine designs and light weighted jewellery. PGL majorly procures required gold from various banks and also procures gold and precious stones from local markets
They also customize Jewellery for individual needs. They outsource manufacture of jewellery to various domestic corporate, local artisans and craftsmen. They supply raw material to the job workers who in turn take 7 to 10 days for manufacturing the Jewellery depending upon the size and design of the order.
The promoters of the company are:
1. Ketan M Shroff
The objects of the Issue are:
1. Augmenting additional working capital requirements;
2. Meeting Issue Expenses.
| IPO Opening Date | Sep 4, 2017 |
| IPO Closing Date | Sep 6, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 3,268,000 Eq Shares of ₹10 (aggregating up to ₹11.44 Cr) |
The Penta Gold Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
Sept 12th 2017 - Company decided to withdrew the public issue.
The Penta Gold Limited IPO is subscribed times on Sep 6, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | |
| RII | |
| Total |
Penta Gold Ltd
2224 Manek Chowk,
Opp. Old Share Bazar,
Ahmedabad - 380001
Phone: + 91-79-22153555
Email: info@pentagold.in
Website: http://www.pentagold.in
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: pentagold.ipo@karvy.com
Website: https://karisma.kfintech.com/
Penta Gold Limited IPO is a SME IPO of 3,268,000 equity shares of the face value of ₹10 aggregating up to ₹11.44 Crores. The issue is priced at ₹35 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Sep 4, 2017, and closes on Sep 6, 2017.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Penta Gold Limited IPO opens on Sep 4, 2017 and closes on Sep 6, 2017.
Penta Gold Limited IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in Penta Gold Limited 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Penta Gold Limited IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Penta Gold Limited IPO allotment status.
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