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.
The promoters of our company are-
1. Mr. Nitin Jain
2. Mrs. Bela Agrawal
| 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 | -- | |||
The objectives of the Issue are-
1. Raise funds for Long-Term Working Capital Requirements
2. Funding Expenditure for General Corporate Purposes
| IPO Date | Sep 27, 2018 - Oct 3, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,356,000 Eq Shares of ₹10 (aggregating up to ₹4.88 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹36 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Sep 27, 2018 |
| Bid/Offer Closes On | Oct 3, 2018 |
| Finalisation of Basis of Allotment | Oct 8, 2018 |
| Initiation of Refunds | Oct 9, 2018 |
| Credit of Shares to Demat Acct | Oct 10, 2018 |
| IPO Shares Listing Date | Oct 11, 2018 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 642,000 | 642,000 | 1,284,000 |
Oct 3, 2018 17:00 | 1.96x | 0.50x | 1.23x |
| Listing Date | Wednesday, October 10, 2018 |
| BSE Script Code | |
| NSE Symbol | SILGO |
| Listing In | |
| ISIN | INE01II01013 |
| IPO Price | ₹36 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Silgo Retail Limited
B-11, Mahalaxmi Nagar
Jawahar Lal Nehru Marg,
Jaipur, Rajasthan- 302 017
Phone: +91-0141-4919655
Email: info@silgo.in
Website: http://www.silgo.in/
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
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 price of the IPO is ₹36 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Sep 27, 2018 and closes on Oct 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 Sep 27, 2018 and closes on Oct 3, 2018.
Silgo Retail IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Silgo Retail IPO will be done on Oct 8, 2018, and the allotted shares will be credited to your demat account by Oct 10, 2018. Check the Silgo Retail IPO allotment status.
Silgo Retail IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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