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S. M. Gold Limited IPO (S M Gold IPO) Detail

Oct 3, 2018 - Oct 10, 2018

Incorporated in 2017, Ahmedabad based S. M. Gold Limited is a company engaged in the business of manufacturing and wholesale trading of mangalsutra jewelry. Mangalsutra contributes 90% of the earnings of the company.

A minor part of the company's business also includes other jewelry items like Rings, Chain, Nose-rings/Nose Pins, Earrings, Ear Chain, waist belts, Pendant Set/Pendant, Anklet, Zuda, Toe Ring, Bracelet, Bangles, wedding, and festive Jewellery.

The company sells jewelry items under the brand name of "S. M. Gold - the House of Mangalsutra".

The company's manufacturing unit is located at Ahmedabad.

It currently employs 9 employees on its payroll.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 598.99 598.33 655.84 499.40 481.32
Total Revenue 489.57 1,354.08 2,278.89 2,382.44 1,954.89
Profit After Tax 21.55 17.96 17.92 17.00 20.71

Objects of the Issue:

The objects of the Issue are to raise funds to meet-

1. To meet the working capital requirement
2. To meet the expenses of the Issue

S M Gold IPO Details

S M Gold IPO Date Oct 3, 2018 to Oct 10, 2018
S M Gold IPO Face Value ₹10 per share
S M Gold IPO Price ₹30 per share
S M Gold IPO Lot Size 4000 Shares
Issue Size2,500,000 shares of ₹10
(aggregating up to ₹7.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of our Company are Mr. Priyank S. Shah and Mr. Pulkitkumar S. Shah. They together hold 41,91,448 Equity Shares representing 99.99% of the pre-issue Paid-up Capital of the Company.

S M Gold IPO Lot Size

The S M Gold IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 4000 ₹120,000
Maximum 1 4000 ₹120,000

S M Gold IPO Review

Issue is aggressively priced. Financial track record shows inconsistency. LM has poor track record. There is no harm in giving this issue a miss.

Read detail review...

New S M Gold IPO Recommendation by Members

S M Gold IPO Recommendations Details | Post Recommendation | Manage Recommendations

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S M Gold IPO Subscription Status (Bidding Detail)

The S M Gold IPO is subscribed 1.10 times on Oct 10, 2018 6:49:01 PM. The public issue subscribed 0.23 times in the retail category, times in the QIB category, and 1.97 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.97
Retail0.23
Total1.10

S M Gold IPO Prospectus

S M Gold IPO Rating

11
3.1
Rating:Rated 3.1 stars
Vote Here ...

S M Gold IPO Listing Date

Listing Date Friday, October 19, 2018
BSE Script Code 542034
NSE Symbol
Listing In
ISIN INE00Q901014
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹30.00
₹30.60
₹28.60
₹30.60
₹28.60

Company Contact Information

S. M. Gold Limited
Shop No-1,916 Building
Opp. Luhar Ni Pole, M.G Haveli Road
Manek Chowk, Ahmedabad - 380001
Phone: +91 79 22114411
Email: compliancesmgold@gmail.com
Website: http://www.smgold.in/

S M Gold IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

S M Gold IPO FAQs

S M Gold IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹7.50 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Oct 3, 2018, and closes on Oct 10, 2018.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The S M Gold IPO opens on Oct 3, 2018 and closes on Oct 10, 2018.

S M Gold IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in S M Gold 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 S M Gold IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the S M Gold IPO allotment status.

The S M Gold IPO listing date is on Friday, October 19, 2018.
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S M Gold IPO Message Board

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3 Comments

3. DownriteVJ |   Link |Oct 5, 2018 10:48:59 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid

Nothing good and nor are the markets.
2. GrowYourMoney |   Link |Oct 2, 2018 4:33:06 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
SM Gold...

Promotors : Sona hai sada ke liye (paisa leke)
Investors : Rona hai sada ke liye
1. IpoNewbie |   Link |Sep 29, 2018 8:31:15 AM
Looks Good.
Listing gain pakka