Fixed Price IPO | ₹11 Cr | Listing at NSE SME | Mon, Sep 4, 2017 - Wed, Sep 6, 2017
Penta Gold IPO is a fixed issue price of ₹11.44 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹11.44 crore.
Penta Gold IPO bidding started from Sep 4, 2017 and ended on Sep 6, 2017.
Penta Gold IPO is set final issue price at ₹35 per share. The lot size for an application is 4,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is GCM Securities Ltd.
Refer to Penta Gold IPO RHP for detailed Information.
IPO Open
Mon, Sep 4, 2017
IPO Close
Wed, Sep 6, 2017
Issue Price
₹35 per share
Market Cap (Pre-IPO)
To be declared
| IPO Date | 4 to 6 Sep, 2017 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 32,68,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,64,000 shares GCM Securities Ltd. (agg. up to ₹0.5740 Cr) |
| Fresh Issue (Ex Market Maker) | 31,04,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 31,04,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 91,25,000 shares |
| Share Holding Post Issue | 1,23,93,000 shares |
Penta Gold IPO comprises a total issue size of 34,32,000 shares. The net offer to the public is 32,68,000 shares, after excluding 1,64,000 shares allotted on a firm basis. Of the Net offer 16,34,000 (50.00%) allocated to NII 16,34,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,34,000 | 50.00% | 47.61% |
| Retail Shares Offered | 16,34,000 | 50.00% | 47.61% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,64,000 | 4.78% | |
| Total Shares Offered | 34,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
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.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Bhakti Gems & Jewellery Ltd. | SME | ₹3.92 Cr | ₹20 | null | ₹20.05 | +0.25% | ₹30.43 (+4.89%) |
| Super Fine Knitters Ltd. | SME | ₹4.08 Cr | ₹12 | null | ₹12.60 | +5.00% | ₹7.91 (+4.91%) |
| Veeram Ornaments Ltd. | SME | ₹5.12 Cr | ₹45 | null | ₹46.00 | +2.22% | ₹10.08 (+0.00%) |
| Bindal Exports Ltd. | SME | ₹2.00 Cr | ₹16 | null | ₹16.20 | +1.25% | ₹27.80 (+4.51%) |
| Radhika Jeweltech Ltd. | SME | ₹49.50 Cr | ₹75 | null | ₹71.00 | -5.33% | ₹65.88 (-0.62%) |
The Penta Gold IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | - | - | - | - |
Sept 12th 2017 - Company decided to withdrew the public issue.
Lead Manager Reports
Penta Gold IPO is a SME IPO of 32,68,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Sep 4, 2017, and closes on Wed, Sep 6, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Penta Gold IPO using UPI as a payment gateway. Zerodha customers can apply in Penta Gold IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Penta Gold IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Penta Gold IPO opens on Mon, Sep 4, 2017 and closes on Wed, Sep 6, 2017.
Penta Gold IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Penta Gold IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Penta Gold IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Penta Gold IPO allotment status.
The Penta Gold IPO listing date is not yet announced. The tentative date of listing is .
