Incorporated in 2015, Sagar Diamonds Ltd is engaged in business of manufacturing and exporting of rough and polished diamonds. They are also engaged in the business of jewellery making and marketing. They sell a wide range of jewellery products including cut and polished diamond studded jewellery to diverse customer segments, from the value market to high-end customized jewellery. Their product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans.
They have independent sales and distribution networks for their products. Most of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets. They procure diamond from suppliers at domestic and international market depending upon the needs and requirement.
Company's manufacturing facility at their factory unit located in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month.
The promoters of the company are:
1. Mr. Vaibhav Dipak Shah and
2. SG Diamonds LLP ("SG Diamonds" or "SGD")
The Objects of the Issue are:
1. To Meet working capital requirement;
2. To meet the Issue Expenses; and
3. To meet General corporate purpose.
| IPO Opening Date | Sep 14, 2017 |
| IPO Closing Date | Sep 18, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 to ₹45 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 3,381,000 Eq Shares of ₹10 (aggregating up to ₹15.21 Cr) |
The Sagar Diamonds IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹135,000 |
| Maximum | 1 | 3000 | ₹135,000 |
The Sagar Diamonds IPO is subscribed times on Sep 18, 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 | IPO Subscription |
|---|---|
| Total |
Sagar Diamonds Ltd
Unit No 101 Plot No 193,
SEZ Diamond Park Sachin,
Surat - 394230
Phone: + 91-261-2397866
Email: cs@sagardiamonds.com
Website: http://www.sagardiamonds.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Sagar Diamonds IPO is a SME IPO of 3,381,000 equity shares of the face value of ₹10 aggregating up to ₹15.21 Crores. The issue is priced at ₹40 to ₹45 per equity share. The minimum order quantity is 3000 Shares.
The IPO opens on Sep 14, 2017, and closes on Sep 18, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Sagar Diamonds IPO opens on Sep 14, 2017 and closes on Sep 18, 2017.
Sagar Diamonds IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
You can apply in Sagar Diamonds 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 Sagar Diamonds IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sagar Diamonds IPO allotment status.
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