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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.
| 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
| Silgo Retail IPO Date | Sep 27, 2018 to Oct 3, 2018 |
| Silgo Retail IPO Face Value | ₹10 per share |
| Silgo Retail IPO Price | ₹36 per share |
| Silgo Retail IPO Lot Size | 3000 Shares |
| Issue Size | 1,356,000 shares of ₹10 (aggregating up to ₹4.88 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | The promoters of our company are- 1. Mr. Nitin Jain |
Silgo Retail IPO opens on Sep 27, 2018, and closes on Oct 3, 2018. The Silgo Retail IPO bid date is from Sep 27, 2018 10.00 A.M. to Oct 3, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Silgo Retail IPO Opening Date | Sep 27, 2018 |
| Silgo Retail IPO Closing Date | Oct 3, 2018 |
| Basis of Allotment | Oct 8, 2018 |
| Initiation of Refunds | Oct 9, 2018 |
| Credit of Shares to Demat | Oct 10, 2018 |
| Silgo Retail IPO Listing Date | Oct 11, 2018 |
The Silgo Retail IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
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...The Silgo Retail IPO is subscribed 1.23 times on Oct 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)
| Category | Subscription (times) |
|---|---|
| NII | 1.96 |
| Retail | 0.50 |
| Total | 1.23 |
| Listing Date | Wednesday, October 10, 2018 |
| BSE Script Code | |
| NSE Symbol | SILGO |
| Listing In | |
| ISIN | INE01II01013 |
| IPO Price | ₹36 per share |
| Face Value | ₹10 per share |
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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
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 is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
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 lot size is 3000 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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