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S M Gold IPO is a fixed price issue of Rs 7.50 crores.
S M Gold IPO bidding started from October 3, 2018 and ended on October 10, 2018. The shares got listed on BSE SME on October 19, 2018.
S M Gold IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
First Overseas Capital Limited is the book running lead manager of the S M Gold IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to S M Gold IPO RHP for detailed information.
| IPO Date | October 3, 2018 to October 10, 2018 |
| Listing Date | October 19, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹7.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 132,000 shares |
S M Gold IPO offers 2,500,000 shares. 1,184,000 (47.36%) to NII, 1,184,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 132,000 (5.28%) |
| Other Shares Offered | 1,184,000 (47.36%) |
| Retail Shares Offered | 1,184,000 (47.36%) |
| Total Shares Offered | 2,500,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
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.
| 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 | |
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
[Dilip Davda]
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...The S M Gold IPO is subscribed 1.10 times on October 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)
| Category | Subscription (times) |
|---|---|
| Other | 1.97 |
| Retail | 0.23 |
| Total | 1.10 |
| Listing Date | October 19, 2018 |
| BSE Script Code | 542034 |
| NSE Symbol | |
| ISIN | INE00Q901014 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹30.60 |
| ₹28.60 |
| ₹30.60 |
| ₹28.60 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Check our SME IPO Guide 
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 October 3, 2018, and closes on October 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 October 3, 2018 and closes on October 10, 2018.
S M Gold IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, 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.
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RHP
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Nothing good and nor are the markets.