Incorporated in 2010, Sanghvi Brands Ltd (SBL) manages and operates Luxury Spa, Beauty, Wellness & Fitness Brands and one of the top largest Spa and Wellness Operator in India with license rights to operate various premium international brands including Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme.
They also holds sole distributorship of Noveau Lashes for the territory of India to promote market and sell these products. They currently operates 19 Spa/Salons across the globe and another 9 Salons/Spa are under development. It has partnered with The Ritz Carlton San Fransisco, JW Marriot Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, realty developers Lodha, IREO, K Raheja Corp etc.
Mr. Darpan Narendra Sanghvi is the promoters of the company.
The objects of the Issue are:
1. Business Expansion
a) Expanding outlets/ distribution of current brand portfolio in India and overseas
b) Acquisitions and development of new brands
2. Marketing and Sales promotion of the brands in their portfolio
3. Strategic Investments for business growth
4. General Corporate Purpose
5. Issue Expenses.
|Issue Open||Nov 10, 2017 - Nov 14, 2017|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||2,748,000 Eq Shares of Rs 10 |
(aggregating up to Rs 18.96 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 69 Per Equity Share|
|Market Lot||2000 Shares|
|Min Order Quantity||2000 Shares|
|Listing At||BSE SME|
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