Sonam Clock Limited IPO (Sonam Clock IPO) Detail

Jun 1, 2018 - Jun 6, 2018

Incorporated in 2001, Gujarat based Sonam Clock Limited is a company engaged in clock manufacturing. The company offers a wide range of table and wall clocks at various price points across the budget, mid-level and premium styles. As on February'18, it is offering LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, rotating pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks and regular clocks.

Sonam also offers customized corporate clocks in bulk quantities for corporate gifting purpose. The products are sold mainly to clock dealers, retailers, corporates, gifts and novelties stores, through which it reaches to the end-consumers. The products are sold under the brand name of Sonam, ampm, and Lotus. In F.Y. 2016-17, the net revenue from operations comprised of Rs. 3792.85 lakhs of with approximately 40% comprised of export sales to Middle - East countries such as Dubai and Iraq. The company's Manufacturing facility is located in Morbi, Gujarat and has at present installed production capacity of approximately 72 lakhs p.a. for clocks and 240 lakhs p.a. for clock movements. It is also engaged in the sale of clock parts which includes clock movements, clock cases etc.

The Company has employed 304 permanent full-time employees (including senior Management) at various levels of the Organization.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,493.92 3,416.94 2,852.49 3,007.50 2,713.59
Total Revenue 3,903.16 3,682.35 3,405.67 3,355.35 3,371.47
Profit After Tax 80.70 268.11 40.99 57.52 45.53

Objects of the Issue

The objects of the Issue are-

1. Funding the Working Capital Requirements of the Company
2. Repayment of Unsecured Loan availed by the Company
3. General Corporate Expenses
4. Issue Expenses

Sonam Clock IPO Details

IPO Date Jun 1, 2018 to Jun 6, 2018
Listing Date Thursday, June 14, 2018
Face Value ₹10 per share
Price ₹36 per share
Lot Size 3000 Shares
Issue Size2,808,000 shares of ₹10
(aggregating up to ₹10.11 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The Promoters of the Company are Mr. Jayeshbhai Chhabildas Shah and Mrs. Deepaben Jayeshbhai Shah. Mr. Jayeshbhai Chhabildas Shah holds 62,39,200 Equity Shares and Mrs. Deepaben Jayeshbhai Shah holds 4,80,000 Equity Shares of the Company. They will continue to hold the majority of the post-issue paid-up equity share capital of the Company.

Sonam Clock IPO Lot Size

The Sonam Clock IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹108,000
Retail (Max) 1 3000 ₹108,000

Sonam Clock IPO Review

Although on the prima facie issue pricing appears reasonable, concern over sustainability of its super profits of first nine months of FY18 and its listed peer reporting losses for FY17 and having no trades for over two months hints at caution. Considering these cash surplus risk savvy investors may consider investment at their own risk.

Read detail review...

Sonam Clock IPO Subscription Status (Bidding Detail)

The Sonam Clock IPO is subscribed 2.42 times on Jun 6, 2018 5:00:00 PM. The public issue subscribed 3.80 times in the retail category, times in the QIB category, and 1.04 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Sonam Clock IPO Prospectus

Sonam Clock IPO Rating

Rating:Rated 2.9 stars
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Sonam Clock IPO Listing Date

Listing Date Thursday, June 14, 2018
BSE Script Code
Listing In
IPO Price ₹36 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Sonam Clock Limited
: Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara,
District Morbi - Gujarat - 363641, India
Phone: +91-2822-285017
Email: info@sonamquartz.com
Website: http://www.sonamquartz.com/

Sonam Clock IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Sonam Clock IPO Review

Sonam Clock IPO Recommendation Summary

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Members 0 0 0

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Sonam Clock IPO FAQs

Sonam Clock IPO is a SME IPO of 2,808,000 equity shares of the face value of ₹10 aggregating up to ₹10.11 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Jun 1, 2018, and closes on Jun 6, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Sonam Clock IPO opens on Jun 1, 2018 and closes on Jun 6, 2018.

Sonam Clock IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Sonam Clock 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 Sonam Clock IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sonam Clock IPO allotment status.

The Sonam Clock IPO listing date is on Thursday, June 14, 2018.
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Sonam Clock IPO Message Board

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26. Tinku kumar |   Link |Jun 23, 2018 2:03:03 PM
I could not get allotment of sonam clock ipo but amount is not refunded till now what should i do please help me???
25. Tinku kumar |   Link |Jun 23, 2018 10:39:10 AM
I apply for sonam clock ipo but i dont get allotment.... And amount is not refunded till now what should i do....
24. IPOANALYSIS |   Link |Jun 14, 2018 10:11:17 PM
People should sell Sonam clock and instead buy waa solar. Waa solar is good business and huge growth potential whereas Sonam clock is not a business to look upto.
24.1. Adityasingh |   Link |Jun 30, 2018 12:04:58 AM
Dude your prediction here was purely wrong. Sonam still profitable whereas Waa solar ne to khoon k aansu rula diya !
23. IPOANALYSIS |   Link |Jun 14, 2018 4:30:47 PM
closed at day low 36.75

even if i picked sme from seondary market the gain would have been higher than 2 %.

need to wait for lottery 1 ot of 3 alloted with gain of 2%. path
22. VIE |   Link |Jun 14, 2018 11:09:11 AM (500+ Posts, 500+ Likes)
OPen todat @ 37/= against issue price of 36
21. IPOANALYSIS |   Link |Jun 6, 2018 10:45:42 AM
Hem sec recent good issues are at discount. Retailer who applied have already sold that is why the ret category only subscription. such companies neither have good business and nor any long term interest. Simply avoid as there is great chance of going down post listing
21.1. SONMAYA |   Link |Jun 6, 2018 6:42:06 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
Hem securities Gone case not worthy fr investor
20. anujsme |   Link |Jun 5, 2018 3:32:27 PM
yeh company sabka ghanta bajayegi

mr Arun Jaitley, Piyush Goyal .global markets doing well,
ab kya excuse hai govt ke pass for fall in markets and bloodbath in midcap/smallcap
19. IPOANALYSIS |   Link |Jun 5, 2018 2:07:51 PM
start buying now. good time to buy when chips are down. recovery to start soon.
seems downside is limited now . also global market condition are good

keep adding your favourite stocks and which you want to add in your portfolio. although stocks are down but seems market will start recovery very soon.

buy buy buy u wont get this chance again
18. IPOANALYSIS |   Link |Jun 5, 2018 1:26:38 PM
One of the worst business .Always invest in good business. I would rather buy uhzaveri from secondary market than this one. Uhzaveri had done well now and moved from 23 to 30. I won't be surprised if it cross it's issue price soon. Stay away from sonam clock and no interest from hni at all.retailer sold in a those who applied and not sold application will be stuck now.
17. Hiteshji |   Link |Jun 4, 2018 9:08:58 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
It looks like fancy. I think it is 50 50. Apply or not. ???
16. RAJAKUMAR |   Link |Jun 4, 2018 4:37:05 PM (1400+ Posts, 1200+ Likes)
It seems good subscription expected on the last day. Already 2 times by retail. One may consider if HNI quota subscribes above 10 times.
16.3. IPOANALYSIS |   Link |Jun 14, 2018 12:45:48 PM
Just 2.6 % gains is that excellent?
1st day LM try to maintain the price.
Dhruv consultancy had 5 % upper circuit is now below issue price

all recent hem sec is now below issue price.
16.4. IPOANALYSIS |   Link |Jun 14, 2018 12:50:26 PM
most os sme list around 3-5 % upper and next day start falling. most probably it wil have same fate

check all recent hem listing hindcon chemical, dhruv consultancy. they went above issue price but cant maintain price
gain of 3-4 % with lottery and such risk is bad. nothing great about it

15. anujsme |   Link |Jun 2, 2018 3:59:50 PM
those who did not sell their application on grey market be ready fo 20 % loss on opening day
15.1. Small Investor |   Link |Jun 4, 2018 12:56:54 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
aap to rhine do jhuth bolte ho aap

Svll ke liy kya bona tha aapne issue prise se upar trade kr rha h abhi
14. Abhishek Shahi |   Link |Jun 4, 2018 12:56:22 AM
IPO of every LM is down at present....all LM at same footing wrt first day return
13. Abhishek Shahi |   Link |Jun 4, 2018 12:54:49 AM
some issue may give good returns but in long terms at main board.
12. anujsme |   Link |Jun 2, 2018 5:14:39 PM
avoid primary market sme .
instead buy from seconday market sme which are looking good price and have good business .

al new primary market sme been applied have application been sold in s2s. so stay away from primary market
11. anujsme |   Link |Jun 2, 2018 4:39:47 PM
this ia big fraud in primary sme market

1) Lead manager have few market representative who will spread information about fake grey market premium for day 1
2)The MR will say he is ready to buy application at this premium
3)many retailers will apply and try to sell in subject 2. the same happened in UH zaveri and now look at sonam clocks and waa solar where retail subscription has exceed
4) many innocent retailer dont know this is happening in background and will get stuck in that ipo if appl not sold and also will apply looking at subscription
5)in UH zaveri since it list at discount many did not buyback from subject 2 and cause loss to retailer initially

so ideally if you have great contacts and able to sell in subject 2 and play gamble then apply in primary market sme or else stay away as now most will list at huge discount.
you will find that not even 10 % sme will list at premium

this game has to stop and retailer should not get carried away looking at those false subscription which are already sold and this also create artifical premium

i hope no new primary sme come in market and dont turn blind eye on recent debacle of almost every sme ipo
10. SecTheta |   Link |Jun 2, 2018 12:19:52 AM
Big avoid..
9. anujsme |   Link |Jun 1, 2018 7:20:27 PM
carnage in sme stocks today

be ready for 40 % discount on this one if alloted
8. Small Investor |   Link |Jun 1, 2018 5:48:48 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
clear Avoid and save your Money
7. IPOANALYSIS |   Link |Jun 1, 2018 1:35:06 PM
all forms have been sold in grey market similar way as happen in sirca paints so dont apply to loose money. only subscription are form those who already have sold

a request from everyone

1) Please stop apply in any new primary market sme issue unless it is very very good. cheap P/E, good fundamentals ,lm etc

2) stop apply in new issues of navigant and first overseas. they both are frauds.

3)let the new listed sme gain first and sme market to stabilize as new issues will do no good

4)let all new issues remain undersubscribed in retail category so a message will go to LM, company as well as SEBI that we retailer are not fool to throw our money on new issues when their is no return

5) out of last 40 issses more than 30 are below issue price

6) . if there is any discrepency in prospectus the issue should not go through

a sincere request please take a pledge not to apply in new primary market sme unless the recent one stabilize and LM knows how to price it correctly and come up with only good issue

if you allow them to succeed and issue get subscribed even 1 ime they would keep on getting new issues and it is a defeat of each and every one of us

the story of listing gain is now over so dont go and apply each one of thnking that you would sell on listing day.
7.2. Umang and his ultrasonic uproar |   Link |Jun 1, 2018 3:14:50 PM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
There is a carnage going on in sme stocks, stocks are cracking 10 to 15 % in a week without any reasons. It's better to avoid all sme stocks, if one is applying for listing gains.
7.3. IPOANALYSIS |   Link |Jun 1, 2018 3:23:32 PM
it is correct and without any reason . that is why i am saying avoid all new sme primary market. let secondary stabilize and newer one hugely subscribed too have cracked.

the reason is clear why sebi allowing too many primary market sme

is sebi sleeping ?
also remember market is reaching all time high and despite that sme have gone down is strange and who is selling them at loss

avoid primary market sme and cancel all bids if you have aplied on new sme.
let this reach LM and sebi and not come with any new sme ipo from here in as all new issues have caused huge pain