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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.
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.
| 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 | |
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
| IPO Opening Date | Jun 1, 2018 |
| IPO Closing Date | Jun 6, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹36 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,808,000 Eq Shares of ₹10 (aggregating up to ₹10.11 Cr) |
The Sonam Clock IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹108,000 |
| Maximum | 1 | 3000 | ₹108,000 |
The Sonam Clock IPO is subscribed 2.42 times on Jun 6, 2018 17:00. The public issue subscribed 3.80 in the retail category, in the QIB category, and 1.04 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.04 |
| RII | 3.80 |
| Total | 2.42 |
| Listing Date | Thursday, June 14, 2018 |
| BSE Script Code | |
| NSE Symbol | SONAMCLOCK |
| Listing In | |
| ISIN | INE00LM01011 |
| IPO Price | ₹36 per equity share |
| Face Value | ₹10 per equity share |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager Reports
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 equity 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 3000 Shares.
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, Edelweiss, 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.
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