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Sona Hi Sona Jewellers (Gujarat) Ltd IPO (Sona Hi Sona IPO) Detail

Sep 30, 2019 - Oct 4, 2019

Incorporated in 2001, Sona Hi Sona Jewellers (Gujarat) Limited is engaged in the trading business of jewellery & ornaments. The company operates from Millenium Plaza, Vastrapur, Ahmedabad, which is a well-known market for Jewellery and bullion. Sona Hi Sona Jewellers has three brands, namely, Freya, Jinash and Sona Hi Sona. The company operates primarily in Freya and Jinash brand name.

Under the Freya brand, the company deals in antique Jewellery & ornaments. Jinash brand of the company is known for American Diamond (AD) Jewellery. The company designs the jewellery and get the job-work finished either in-house or from outside (3rd party).

The product catalogue of the company includes Gold Jewellery studded with or without stones. It also includes variety in Gold Jewellery to match regional tastes. The company also offers customization options to design Jewellery as per customer needs.

Besides, the in-house brand Jewellery, Sona Hi Sona is also engaged in the wholesale trading business of other branded Jewellery.

Competitive Strengths

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

Company Promoters:

Vijay Shah and Alpaben Shah are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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

Sona Hi Sona IPO Details

Issue OpenSep 30, 2019 - Oct 4, 2019
Issue TypeFixed Price Issue IPO
Issue Size4,500,000 Eq Shares of ₹10
(aggregating up to ₹4.50 Cr)
Face Value₹10 Per Equity Share
Issue Price₹10 Per Equity Share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtNSE SME

Sona Hi Sona IPO Tentative Date / Timetable

Bid/Offer Opens OnSep 30, 2019
Bid/Offer Closes OnOct 4, 2019
Finalisation of Basis of AllotmentOct 10, 2019
Initiation of RefundsOct 11, 2019
Credit of Shares to Demat AcctOct 14, 2019
IPO Shares Listing DateOct 15, 2019

Sona Hi Sona IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum110000₹100,000
Maximum220000₹200,000

Sona Hi Sona IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.19%

Sona Hi Sona IPO Subscription Status (Bidding Detail)

Sona Hi Sona IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

2,130,000

2,130,000

4,260,000

Oct 4, 2019 17:00

1.74x

0.69x

1.21x

Sona Hi Sona IPO Prospectus

Sona Hi Sona IPO Rating

24
3.5
Rating:Rated 3.5 stars

Vote Here ...

Sona Hi Sona IPO Listing Date

Listing DateTuesday, October 15, 2019
BSE Script Code
NSE SymbolSONAHISONA
Listing InST
ISININE06MH01016
Issue Price₹10 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
NSE SME
Issue Price:₹10.00
Open:₹11.15
Low:₹10.60
High:₹11.40
Last Trade:₹11.40
Volume:140,000

Sona Hi Sona IPO Reviews / Ratings

Company Contact Information

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/

Sona Hi Sona IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: sonahisona.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Sona Hi Sona IPO FAQs

  1. 1. What is Sona Hi Sona IPO?

    Sona Hi Sona IPO is an SME initial public offering of 4,500,000 equity shares of the face value of ₹10 aggregating up to ₹4.50 Crores.

    The issue price of the IPO is ₹10 Per Equity Share. The minimum order quantity is 10000 Shares per application and the offer type is Fixed Price Issue.

    The IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.

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

  2. 2. When Sona Hi Sona IPO will open?

    The Sona Hi Sona IPO opens on Sep 30, 2019 and closes on Oct 4, 2019.

  3. 3. How to apply for Sona Hi Sona IPO?

    Sona Hi Sona IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Sona Hi Sona IPO allotment?

    The finalization of Basis of Allotment for Sona Hi Sona IPO will be done on Oct 10, 2019, and the allotted shares will be credited to your demat account by Oct 14, 2019. Check the Sona Hi Sona IPO allotment status.

  5. 5. When is Sona Hi Sona IPO listing date?

    The Sona Hi Sona IPO listing date is on Tuesday, October 15, 2019, at NSE SME.

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Sona Hi Sona IPO Review / Comments

RAJAKUMAR
6. RAJAKUMAR  Oct 17, 2019 00:02 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
Applied one lot and sold 56
RAJAKUMAR
5. RAJAKUMAR  Oct 15, 2019 23:36 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 700+ Likes)
Dear Small
One lot 10k applied and sold at 11.15
Small Investor
5.1. Small Investor  Oct 16, 2019 12:48 I Like It. | Report Abuse
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Dear Raja
with 14% Premium is good listing other then Gensol and Goblin
i think Goblin may be go above 60+ in short term
you Applied in Goblin
Small Investor
4. Small Investor  Oct 15, 2019 09:50 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Good Listing in Pre open With Premium 11.50%
Small Investor
3. Small Investor  Oct 4, 2019 14:35 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Now QIB Entered 240000
MR. KUMAR
2. MR. KUMAR  Oct 3, 2019 15:52 I Like It. | Report Abuse Reply
Sona hi Sona lene waale after listing Rona hi Rona.
Ravikant
1. Ravikant  Sep 27, 2019 16:31 I Like It. | Report Abuse Reply
This message has been removed by a moderator.
MShah
7.1. MShah  Sep 28, 2019 20:05 I Like It. | Report Abuse
Education is important at some point of time but Internal ability is more powerful

Growth is imp not degree.



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