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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.
| IPO Date | Oct 3, 2018 to Oct 10, 2018 |
| Listing Date | Oct 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 |
| Other Shares Offered | 1,184,000 (50.00%) |
| Retail Shares Offered | 1,184,000 (50.00%) |
| Market Maker portion | 132,000 shares |
| Total Shares Offered | 2,368,000 |
The S M Gold IPO lot size is 4000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
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)
| Category | Subscription (times) |
|---|---|
| Other | 1.97 |
| Retail | 0.23 |
| Total | 1.10 |
| 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 | |
[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 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
| Listing Date | Oct 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://karisma.kfintech.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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, 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
Nothing good and nor are the markets.