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Sky Gold Limited IPO (Sky Gold IPO) Detail

September 18, 2018 - September 21, 2018

Sky Gold IPO is a fixed price issue of Rs 25.56 crores.

Sky Gold IPO bidding started from September 18, 2018 and ended on September 21, 2018. The allotment for Sky Gold IPO was finalized on Wednesday, September 26, 2018. The shares got listed on BSE SME on October 4, 2018.

Sky Gold IPO price is ₹180 per share.

Aryaman Financial Services Limited is the book running lead manager of the Sky Gold IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Sky Gold IPO RHP for detailed information.

Sky Gold IPO Details

IPO Date September 18, 2018 to September 21, 2018
Listing Date October 4, 2018
Face Value ₹10 per share
Price ₹180 per share
Lot Size
Total Issue Size1,420,000 shares
(aggregating up to ₹25.56 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion72,000 shares

Sky Gold IPO Reservation

Sky Gold IPO offers 1,420,000 shares. 674,000 (47.46%) to NII, 674,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered72,000 (5.07%)
Other Shares Offered674,000 (47.46%)
Retail Shares Offered674,000 (47.46%)
Total Shares Offered1,420,000 (100%)

Sky Gold IPO Timeline (Tentative Schedule)

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

IPO Open Date Tuesday, September 18, 2018
IPO Close Date Friday, September 21, 2018
Basis of Allotment Wednesday, September 26, 2018
Initiation of Refunds Thursday, September 27, 2018
Credit of Shares to Demat Friday, September 28, 2018
Listing Date Thursday, October 4, 2018
Cut-off time for UPI mandate confirmation 5 PM on September 21, 2018

About Sky Gold Limited

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 (Sky Gold IPO Objectives)

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

Sky Gold IPO Review (Avoid)

[Dilip Davda]  

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...

Sky Gold IPO Subscription Status (Bidding Detail)

The Sky Gold IPO is subscribed 1.08 times on September 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)

Sky Gold IPO Prospectus

Sky Gold IPO Rating

Rating:Rated 2.3 stars
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Sky Gold IPO Listing Details

Listing Date October 4, 2018
BSE Script Code 541967
Final Issue Price ₹180 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Sky Gold Limited Contact Details

Sky Gold Limited
Gala no. 101, 102, 103, 1st Floor,
Raja Industrial Estate, Sarvoday Nagar,
Mulund (West), Mumbai - 400080
Phone: +91 - 22 - 2593 9399

Sky Gold IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Sky Gold IPO - Buy or Not

Sky Gold IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 September 18, 2018, and closes on September 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 September 18, 2018 and closes on September 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Sky Gold IPO will be done on Wednesday, September 26, 2018, and the allotted shares will be credited to your demat account by Friday, September 28, 2018. Check the Sky Gold IPO allotment status.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



5. GrowYourMoney |   Link |  Bookmark |September 17, 2018 10:25:20 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Never Ever get trapped...
Avoid the IPO
4. Jai shah |   Link |  Bookmark |September 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 |  Bookmark |September 16, 2018 8:26:58 PM (500+ Posts, 500+ Likes)
3. IpoNewbie |   Link |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 13, 2018 5:07:44 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Big Avoid for Retail...