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)|
|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
|Issue Open||Sep 27, 2018 - Oct 3, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||1,356,000 Eq Shares of Rs 10 |
(aggregating up to Rs 4.88 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 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|
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