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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 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

IPO Date Sep 30, 2019 to Oct 4, 2019
Listing Date Tuesday, October 15, 2019
Face Value ₹10 per share
Price ₹10 per share
Lot Size 10000 Shares
Issue Size4,500,000 shares of ₹10
(aggregating up to ₹4.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Sona Hi Sona IPO Tentative Timetable

Sona Hi Sona IPO opens on Sep 30, 2019, and closes on Oct 4, 2019. The Sona Hi Sona IPO bid date is from Sep 30, 2019 10.00 A.M. to Oct 4, 2019 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 30, 2019
Closing Date Oct 4, 2019
Basis of Allotment Oct 10, 2019
Initiation of Refunds Oct 11, 2019
Credit of Shares to Demat Oct 14, 2019
Listing Date Oct 15, 2019

Sona Hi Sona IPO Lot Size

The Sona Hi Sona IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount
Retail (Min) 1 10000 ₹100,000
Retail (Max) 2 20000 ₹200,000

Sona Hi Sona IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.19%

Sona Hi Sona IPO Review

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...


Sona Hi Sona IPO Subscription Status (Bidding Detail)

The Sona Hi Sona IPO is subscribed 1.21 times on Oct 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)

CategorySubscription (times)
NII1.74
Retail0.69
Total1.21

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 Date Tuesday, October 15, 2019
BSE Script Code
NSE Symbol SONAHISONA
Listing In ST Group of Securities
ISIN INE06MH01016
IPO Price ₹10 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹10.00
₹11.15
₹10.60
₹11.40
₹11.40

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

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

Sona Hi Sona IPO Review

Sona Hi Sona IPO Recommendation Summary

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

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IPO Broker Recommendations

Sona Hi Sona IPO FAQs

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 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.

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

Sona Hi Sona IPO lot size is 10000 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Sona Hi Sona IPO listing date is on Tuesday, October 15, 2019.
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Sona Hi Sona IPO Message Board

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10 Comments

8. Siva mallam |   Link |Dec 28, 2019 12:22:30 PM
with such a comical name , this issue had better listing gains than any other recent SME IPO . well done sona hi sona
7. Medge |   Link |Dec 3, 2019 8:51:20 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
SBI card, around 6.5 lacs applications in shareholder category.
Number of SBI individual shareholders before 30th Sept were around 14.6+ lacs.

purchase at least 1 share of SBI as soon as.

6. RAJAKUMAR |   Link |Oct 17, 2019 1:02:25 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
Applied one lot and sold 56
5. RAJAKUMAR |   Link |Oct 16, 2019 12:36:05 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Small
One lot 10k applied and sold at 11.15
5.1. Small Investor |   Link |Oct 16, 2019 1:48:39 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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
4. Small Investor |   Link |Oct 15, 2019 10:50:18 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Good Listing in Pre open With Premium 11.50%
3. Small Investor |   Link |Oct 4, 2019 3:35:31 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Now QIB Entered 240000
2. MR. KUMAR |   Link |Oct 3, 2019 4:52:06 PM
Sona hi Sona lene waale after listing Rona hi Rona.
1. Ravikant |   Link |Sep 27, 2019 5:31:18 PM
This message has been removed by a moderator.
1.1. MShah |   Link |Sep 28, 2019 9:05:59 PM
Education is important at some point of time but Internal ability is more powerful

Growth is imp not degree.