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Silgo Retail Limited IPO (Silgo Retail IPO) Detail

September 27, 2018 - October 3, 2018

Silgo Retail IPO is a fixed price issue of Rs 4.88 crores.

Silgo Retail IPO bidding started from September 27, 2018 and ended on October 3, 2018. The allotment for Silgo Retail IPO was finalized on Monday, October 8, 2018. The shares got listed on NSE SME on October 10, 2018.

Silgo Retail IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.

Aryaman Financial Services Limited is the book running lead manager of the Silgo Retail IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Silgo Retail IPO RHP for detailed information.

Silgo Retail IPO Details

IPO Date September 27, 2018 to October 3, 2018
Listing Date October 10, 2018
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Total Issue Size1,356,000 shares
(aggregating up to ₹4.88 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion72,000 shares

Silgo Retail IPO Reservation

Silgo Retail IPO offers 1,356,000 shares. 642,000 (47.35%) to NII, 642,000 (47.35%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered72,000 (5.31%)
Other Shares Offered642,000 (47.35%)
Retail Shares Offered642,000 (47.35%)
Total Shares Offered1,356,000 (100%)

Silgo Retail IPO Timeline (Tentative Schedule)

Silgo Retail IPO opens on September 27, 2018, and closes on October 3, 2018.

IPO Open Date Thursday, September 27, 2018
IPO Close Date Wednesday, October 3, 2018
Basis of Allotment Monday, October 8, 2018
Initiation of Refunds Tuesday, October 9, 2018
Credit of Shares to Demat Wednesday, October 10, 2018
Listing Date Wednesday, October 10, 2018
Cut-off time for UPI mandate confirmation 5 PM on October 3, 2018

Silgo Retail IPO Lot Size

Investors can bid for a minimum of 3000 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 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000
Lot Size Calculator

About Silgo Retail Limited

Incorporated in 2016, Jaipur based Silgo Retail Limited is a company engaged in the business of designing, manufacturing, wholesaling and retailing of silver jewellery.

The company It mainly deals in silver jewellery. Its product portfolio includes bracelets, necklaces, rings, earrings, jhumki, bangles and customized jewellery.

Retailing makes for 71.05% of the revenue model of the company while manufacturing adds 28.95%.

The revenue from operations was Rs 1,646.51 lakhs and Rs 497.62 lakhs for 2017-18 and 2016-17 respectively.

The Net Profit after tax for the company was Rs 94.75 lakhs in 2017-18 and Rs 18.15 lakhs in 2016-17.

The company's manufacturing facility is located at Jaipur.

There are 69 employees on the payroll of the company.

Silgo runs a program named "Dyuti" to promote women entrepreneurship in the region.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 902.56 244.23 1.16
Total Revenue 1,646.51 497.62 --
Profit After Tax 94.75 18.15 --

Objects of the Issue (Silgo Retail IPO Objectives)

The objectives of the Issue are-

1. Raise funds for Long-Term Working Capital Requirements
2. Funding Expenditure for General Corporate Purposes

Silgo Retail IPO Review (May apply)

[Dilip Davda]  

Issue is fully priced. The company has just two year’s track record. Cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...

Silgo Retail IPO Subscription Status (Bidding Detail)

The Silgo Retail IPO is subscribed 1.23 times on October 3, 2018 5:00:00 PM. The public issue subscribed 0.50 times in the retail category, times in the QIB category, and 1.96 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Silgo Retail IPO Prospectus

Silgo Retail IPO Rating

Rating:Rated 3.4 stars
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Silgo Retail IPO Listing Details

Listing Date October 10, 2018
BSE Script Code
Final Issue Price ₹36 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Silgo Retail Limited Contact Details

Silgo Retail Limited
B-11, Mahalaxmi Nagar
Jawahar Lal Nehru Marg,
Jaipur, Rajasthan- 302 017
Phone: +91-0141-4919655

Silgo Retail IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Silgo Retail IPO - Buy or Not

Silgo Retail IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Silgo Retail IPO FAQs

Silgo Retail IPO is a SME IPO of 1,356,000 equity shares of the face value of ₹10 aggregating up to ₹4.88 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 27, 2018, and closes on October 3, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Silgo Retail IPO opens on September 27, 2018 and closes on October 3, 2018.

Silgo Retail IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.

You can apply in Silgo Retail 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 Silgo Retail IPO will be done on Monday, October 8, 2018, and the allotted shares will be credited to your demat account by Wednesday, October 10, 2018. Check the Silgo Retail IPO allotment status.

The Silgo Retail IPO listing date is on October 10, 2018.
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Silgo Retail IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



3. GrowYourMoney |   Link |  Bookmark |September 27, 2018 5:16:19 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
@Small Investor no one in universe knows about the Co
2. GrowYourMoney |   Link |  Bookmark |September 23, 2018 9:39:37 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Another simple choice IPO..... Clear Avoid
1. Small Investor |   Link |  Bookmark |September 20, 2018 2:28:24 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
This related to my My City Jaipur, but i do't Know about this Co.