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Sky Gold Limited IPO (Sky Gold IPO) Detail

Sep 18, 2018 - Sep 21, 2018

Incorporated in 2008, Mumbai based Sky Gold Limited is a business engaged in the business of designing, manufacturing, and marketing of Gold jewelry.

The company operates from a 2,740 sq. ft. sole manufacturing facility located in Mulund, Mumbai. The facility is used to make casting based jewelry using rubber dye, wax molds, and machines. It has its central sales offices at Mumbai. In addition, the company has also set-up sales offices in Kerala and Telangana to cater to the Southern regions of India.

Sky Gold has recently started export operations handled by its Mumbai sales office.

Between 2013-14 and 2017-18-

-Total revenue grew from Rs 9,624.74 lakhs to Rs 54,886.27 lakhs at a CAGR of 41.65%.

- EBITDA grew from Rs 359.85
lakhs to Rs 769.71 lakhs at a CAGR of 16.42%.

-PAT grew from Rs 63.59 lakhs to Rs 262.64 lakhs at a CAGR of 32.80%.

The company has 40 employees on its payroll.

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 31-Mar-15 31-Mar-14
Total Assets 6,624.20 3,696.17 3,486.30 2,915.56 2,648.57
Total Revenue 54,889.53 16,441.05 18,331.31 12,777.45 9,624.74
Profit After Tax 393.78 143.47 144.12 123.91 94.68

Objects of the Issue:

The Objects of the Issue are-
(a) Repayment of Loans;
(b) Fund Working Capital Requirement;
(c) General Corporate Purposes.

Sky Gold IPO Details

Sky Gold IPO Date Sep 18, 2018 to Sep 21, 2018
Sky Gold IPO Face Value ₹10 per share
Sky Gold IPO Price ₹180 per share
Sky Gold IPO Lot Size
Issue Size1,420,000 shares of ₹10
(aggregating up to ₹25.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of our Company are:
1. Mr. Mangesh Chauhan
2. Mr. Mahendra Chauhan
3. Mr. Darshan Chauhan

Sky Gold IPO Timeline (Tentative Timetable)

Sky Gold IPO opens on Sep 18, 2018, and closes on Sep 21, 2018. The Sky Gold IPO bid date is from Sep 18, 2018 10.00 A.M. to Sep 21, 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
Sky Gold IPO Opening Date Sep 18, 2018
Sky Gold IPO Closing Date Sep 21, 2018
Basis of Allotment Sep 26, 2018
Initiation of Refunds Sep 27, 2018
Credit of Shares to Demat Sep 28, 2018
Sky Gold IPO Listing Date Oct 1, 2018

Sky Gold IPO Review

Currently sentiment for jewellery sector is very weak. Company’s financial too are not that appealing except FY18 which raised IPO with superb earnings in pre-IPO year. Pricing of the issue is very aggressive and major chunk of fund is going for repayment of loans from promoters. There is no harm in giving this issue a miss. 

Read detail review...

New Sky Gold IPO Recommendation by Members

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Sky Gold IPO Subscription Status (Bidding Detail)

The Sky Gold IPO is subscribed 1.08 times on Sep 21, 2018 6:49:03 PM. The public issue subscribed 0.94 times in the retail category, times in the QIB category, and 1.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.23
Retail0.94
Total1.08

Sky Gold IPO Prospectus

Sky Gold IPO Rating

22
2.3
Rating:Rated 2.3 stars
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Sky Gold IPO Listing Date

Listing Date Thursday, October 4, 2018
BSE Script Code 541967
NSE Symbol
Listing In
ISIN INE01IU01018
IPO Price ₹180 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹180.00
₹181.00
₹180.25
₹181.00
₹180.45

Company Contact Information

Sky Gold Limited
Gala no. 101, 102, 103, 1st Floor,
Raja Industrial Estate, Sarvoday Nagar,
Mulund (West), Mumbai - 400080
Phone: +91 - 22 - 2593 9399
Email: info@skygold.in
Website: http://www.skygold.in/

Sky Gold IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: skygold.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Sky Gold IPO FAQs

Sky Gold IPO is a SME IPO of 1,420,000 equity shares of the face value of ₹10 aggregating up to ₹25.56 Crores. The issue is priced at ₹180 per share. The minimum order quantity is .

The IPO opens on Sep 18, 2018, and closes on Sep 21, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Sky Gold IPO opens on Sep 18, 2018 and closes on Sep 21, 2018.

Sky Gold IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Sky Gold 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 Sky Gold IPO will be done on Sep 26, 2018, and the allotted shares will be credited to your demat account by Sep 28, 2018. Check the Sky Gold IPO allotment status.

The Sky Gold IPO listing date is on Thursday, October 4, 2018.
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Sky Gold IPO Message Board

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6 Comments

5. GrowYourMoney |   Link |Sep 17, 2018 10:25:20 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Never Ever get trapped...
Avoid the IPO
4. Jai shah |   Link |Sep 16, 2018 8:03:27 PM
SEBI gives permission after taking money undertable and after 5 years they and income tax department will only say that this is bogus company and levy taxes and fines on every one who has traded and applied for ipo stating them as penny stocks. Only small investors loose money and have to suffer hardships
4.1. VIE |   Link |Sep 16, 2018 8:26:58 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Dear
IN SME IPO COMPANY WILL FILE DHP WITH EXCHANGE. SEBI WILL NOT SCRUTINISED THE OFFER DOCUMENT.ITS RESPONSIBILITY VESTED WITH EXCHANGE ONLY . KINDLY REFER ICDR REGULATION BEFORE MAKING ANY FALSE STATEMENTS.
3. IpoNewbie |   Link |Sep 14, 2018 4:53:53 PM
Revenue from our top 10 customers
constituted 62.70% and 90.88% of our net sales.

Do anyone knows the clients name here ?
2. Naveen Batra |   Link |Sep 14, 2018 12:37:55 PM
I had failed to understand that our Regulators really want to save Retail Investor or they are more concerned about making fast money.........
SME platform is run by operators and we have zero control. Earlier CCI was the best agency for IPO Pricing which and now every tom, dick & harry wants money from Market ???
Serious Problem, better Avoid such companies
1. GrowYourMoney |   Link |Sep 13, 2018 5:07:44 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Big Avoid for Retail...