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Silgo Retail Limited IPO (Silgo Retail IPO) Detail

Sep 27, 2018 - Oct 3, 2018

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

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 Details

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 Size1,356,000 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
2. Mrs. Bela Agrawal

Silgo Retail IPO Timeline (Tentative Timetable)

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

Silgo Retail IPO Lot Size

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

Silgo Retail IPO Review

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 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)

CategorySubscription (times)
NII1.96
Retail0.50
Total1.23

Silgo Retail IPO Prospectus

Silgo Retail IPO Rating

29
3.4
Rating:Rated 3.4 stars
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Silgo Retail IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹36.00
Open: ₹36.45
Low: ₹36.10
High: ₹36.25
Last Trade: ₹36.10

Company Contact Information

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/

Silgo Retail IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Silgo Retail IPO Review

Silgo Retail IPO Recommendation Summary

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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 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.

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

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3 Comments

3. GrowYourMoney |   Link |Sep 27, 2018 5:16:19 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
@Small Investor no one in universe knows about the Co
2. GrowYourMoney |   Link |Sep 23, 2018 9:39:37 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Another simple choice IPO..... Clear Avoid
1. Small Investor |   Link |Sep 20, 2018 2:28:24 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
This Co.is related to my My City Jaipur, but i do't Know about this Co.