Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Sona Hi Sona IPO is a fixed price issue of Rs 4.50 crores.
Sona Hi Sona IPO bidding started from September 30, 2019 and ended on October 4, 2019. The allotment for Sona Hi Sona IPO was finalized on Thursday, October 10, 2019. The shares got listed on NSE SME on October 15, 2019.
Sona Hi Sona IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Sona Hi Sona IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Sona Hi Sona IPO RHP for detailed information.
| IPO Date | September 30, 2019 to October 4, 2019 |
| Listing Date | October 15, 2019 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 4,500,000 shares (aggregating up to ₹4.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 240,000 shares |
Sona Hi Sona IPO offers 4,500,000 shares. 2,130,000 (47.33%) to NII, 2,130,000 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 240,000 (5.33%) |
| Other Shares Offered | 2,130,000 (47.33%) |
| Retail Shares Offered | 2,130,000 (47.33%) |
| Total Shares Offered | 4,500,000 (100%) |
Sona Hi Sona IPO opens on September 30, 2019, and closes on October 4, 2019.
| IPO Open Date | Monday, September 30, 2019 |
| IPO Close Date | Friday, October 4, 2019 |
| Basis of Allotment | Thursday, October 10, 2019 |
| Initiation of Refunds | Friday, October 11, 2019 |
| Credit of Shares to Demat | Monday, October 14, 2019 |
| Listing Date | Tuesday, October 15, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2019 |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Vijay Shah and Alpaben Shah are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.19% |
1. Wide Experience to meet the customer's requirements 2. Add new designs to portfolio regularly 3. The wide Jewellery product range 4. Branded Jewellery and ornaments
| Particulars | For the year/period ended (in Rs. Lakhs) | |||
|---|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 2,224.40 | 2,230.88 | 1,220.15 | |
| Total Revenue | 6,717.98 | 5,903.26 | 5,448.10 | |
| Profit After Tax | 38.86 | 18.65 | 6.18 | |
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Meeting incremental working capital requirements; and
2. General corporate purposes
[Dilip Davda] Although the issue is at par value, its financial performance is not compelling. The company is in a highly competitive business that has high volume, low margins. SHSJL has just one store and 9 employees. Investors have burnt their fingers in similar kind of issues in the past. Considering listless performance, only cash surplus, risk savvy investors may consider investing in this at par offer on their own risk. Read detail review...
The Sona Hi Sona IPO is subscribed 1.21 times on October 4, 2019 5:00:00 PM. The public issue subscribed 0.69 times in the retail category, times in the QIB category, and 1.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.74 |
| Retail | 0.69 |
| Total | 1.21 |
| Listing Date | October 15, 2019 |
| BSE Script Code | |
| NSE Symbol | GOLDKART |
| ISIN | INE06MH01016 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹10.00 |
| ₹11.15 |
| ₹10.60 |
| ₹11.40 |
| ₹11.40 |
Sona Hi Sona Jewellers (Gujarat) Ltd
7, Millenium Plaza, Opp. Swaminarayan Mandir,
Mansi Cross Road, Vastrapur,
Ahmedabad 380013, Gujarat, India
Phone: +91 8511191111
Email: cs@sonahisona.com
Website: http://www.sonahisona.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sonahisona.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Sona Hi Sona IPO is a SME IPO of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on September 30, 2019, and closes on October 4, 2019.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Sona Hi Sona IPO opens on September 30, 2019 and closes on October 4, 2019.
Sona Hi Sona IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Sona Hi Sona 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 Sona Hi Sona IPO will be done on Thursday, October 10, 2019, and the allotted shares will be credited to your demat account by Monday, October 14, 2019. Check the Sona Hi Sona IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Guru (1300+ Posts, 1900+ Likes)
