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Sungold Media and Entertainment Limited IPO (Sungold Media Entertainment IPO) Detail

Aug 9, 2018 - Aug 14, 2018

Incorporated in 1995, Gujarat based Sungold Media and Entertainment Limited is a company engaged in the business of branding. The company offers services like Digital Marketing, Mobile App Development, Graphics Design, Website Design, Photography, Videography, Video Editing, Celebrity Management and distribution services.

Sungold designs and develops solutions to maximize brand image of its clients.

Some of the Ongoing projects of the company are:

1. News portal- www.liveupdates.co.in
2. Entertainment portal- www.entertainment365.in
3. Portal on the state of Gujarat-www.gujaratdevelopment.com

The company has presently 10 permanent employees on its payroll.

Company Promoters:

The promoters of the company are Rajiv Rameshchandra Kotia and Raj Rajiv Kotia. Rajiv Rameshchandra Kotia holds 16,53,550 Equity Shares (being 33.07% of the Issued, Subscribed and Paid-up Equity Share capital) and Raj Rajiv Kotia hold 16,11,132 Equity Shares (being 32.22% of the Issued, Subscribed and Paid-up Equity Share capital) of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
28-Feb-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 568.86 486.85 483.21 473.88 200.10 231.93
Total Revenue 44.74 59.85 56.34 34.96 14.93 10.80
Profit After Tax 2.67 5.32 8.81 6.31 0.91 0.26

Objects of the Issue:

The objects of the Offer are to-

1. Achieve the benefits of listing the Equity Shares on the SME Platform of BSE.
2. Enhance the company's visibility, brand name and provide liquidity to the existing shareholders.
3. Provide a public market for the Equity Shares in India.

The Company will not receive any proceeds from the Offer. and all the proceeds from the Offer will go to the Promoter Selling Shareholder Mr. Rajiv Rameshchandra Kotia.

Sungold Media Entertainment IPO Details
Issue OpenAug 9, 2018 - Aug 14, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,350,000 Eq Shares of Rs 10
(aggregating up to Rs 1.35 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 10 Per Equity Share
Market Lot10000 Shares
Min Order Quantity10000 Shares
Listing AtBSE SME

Sungold Media Entertainment IPO Subscription Status (Live)

Sungold Media Entertainment IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

640,000

640,000

1,280,000

Aug 14, 2018 18:29

1.86x

2.17x

2.02x

Sungold Media Entertainment IPO Prospectus

Sungold Media Entertainment IPO Rating

112
4.2
Rating:Rated 4.2 stars

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Sungold Media Entertainment IPO Listing Date

  •   ›  Listing Date: Monday, August 27, 2018
  •   ›  BSE Script Code: 541799
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE266S01011
  •   ›  Issue Price: Rs 10 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 10.00
Rs 9.75
Rs 9.50
Rs 10.25
Rs 9.71
110,000

Sungold Media Entertainment IPO Reviews / Ratings

Company Contact Information

Sungold Media and Entertainment Limited
13, Radhakrushna Mandir Compound
Rajpipla, Nandod,
Narmada- 393145, Gujarat
Phone: +91 9099018633
Fax:
Email: info@sungoldmediaent.com
Website: http://sungoldmediaent.com/

Sungold Media Entertainment IPO Registrar

Satellite Corporate Services Private Limited   »  Report
   B-302, Sony Apartment,
   Off Andheri Kurla Road, Jarimari,
   Sakinaka, Mumbai – 400 072

Phone: +91-22- 28520461/462
Fax: +91-22- 28511809
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com

Sungold Media Entertainment IPO Lead Manager(s)

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Sungold Media Entertainment IPO Review / Comments

avatar
27. RAJAKUMAR  Sep 4, 2018 14:52 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Short Term borrowings 17 crore and Long Term Borrowing 27 crore. Total borrowing 44 Cr.
Lets wait and see how hni responds. We can not go with Grey market. Grey market is one of the tool only.
We will decide on the last day after 2 pm.
avatar
26. VIE  Aug 27, 2018 20:49 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ IPOANALYSIS
DEAR
SUNGOLD IS ALREADY LISTED TODAY.
KAHA HO BHAI.
DETAIL IS AS BELOW
Previous Close :9.75            Open :9.75            High :10.25            Low :9.50

TODAY LOWER CIRCUIT WAS ALSO BREACHED.

https://www.bseindia.com/stock-share-price/sungold-media-and-entertainment-ltd/smel/541799/#
avatar
26.1. IPOANALYSIS  Aug 27, 2018 23:52 I Like It. | Report Abuse
Oh yes did not realised

good to see such bad company been hammered on listing day
it deserves a value of 2 rs.
avatar
25. IPOANALYSIS  Aug 27, 2018 19:42 I Like It. | Report Abuse Reply
small issue. Noone knows what direction it can go.

Will be intersting to see listing. anyway the fundamentals were never good so stayaway from such stock .
avatar
24. Abhishek Shahi  Aug 24, 2018 19:44 I Like It. | Report Abuse Reply
tuesday listing day
avatar
23. IPOANALYSIS  Aug 14, 2018 13:49 I Like It. | Report Abuse Reply
Remember if operator does not come it will crash 50 pc. Check uhzaveri . Don't risk ur hard earn money in such company unless u r ready to donate 50 pc of your wealth.
avatar
23.1. khushbir singh  Aug 15, 2018 18:28 I Like It. | Report Abuse
Don't under stand why people want to invest there hardened money (100000) in that company whose total profit for one year is rs.2 -5 lac. What will they get from it.
avatar
22. RAJAKUMAR  Aug 14, 2018 15:05 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Add Reliance Cap ( Rel Gen Ins is already got permission for ipo from sebi)
avatar
22.2. IPOANALYSIS  Aug 14, 2018 17:22 I Like It. | Report Abuse
No reliance Nippon is already below issue price.who will apply in reliance general.insurance. all anil ambani stocks are piece of crap.
avatar
22.3. RAJAKUMAR  Aug 15, 2018 13:55 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear Ankur,
You are correct. In DRHP it stated rel. cap. shareholder get pref. allotment like hdfc shareholder.
avatar
21. RAJAKUMAR  Aug 14, 2018 15:03 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear IPOANALYSIS,
The following are the companies keep in your portfolio. One share is enough for one demat account. The following are the companies will give a pref share for their forthcoming IPO
1. L & T
2. Kotak (Kotak Sec)
3. Sbi (Gen Ins)
4. HDFC (Hdfc Sec, Hdfc Financial Ser and Ergo)
5. Axis bank (Axis Sec)
6. Tata motors (Tata Tech)
avatar
21.3. Addy A  Aug 14, 2018 16:47 I Like It. | Report Abuse
Dear Rajkumar,
Do you think that Tata tech is having share holders category for Tata motors??
avatar
21.4. RAJAKUMAR  Aug 15, 2018 13:52 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear Athar,
Sbi.
Dear Addy A
Tata motors is a parent company. If Tata Tech coming for ipo then Tata motors may be given for shareholder pref.
avatar
20. VIE  Aug 14, 2018 18:06 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
RETAILERS PORTION OVERSUBSCRIBED MORE THAN NON RETAIL PORTION.
RETAILERS BECOMING MORE AGGRESSIVE NOW A DAY.
AISE HE RETAILERS LAGATE RAHEGE AND SUNGOLD TYPE K IPO AATE RAHEGE.
WAH JI WAH....
avatar
19. IPOANALYSIS  Aug 14, 2018 12:38 I Like It. | Report Abuse Reply
Even though will pass through as it's 1.5 correct issue but look at the worse quality.incase the operator did not come get ready for this stock to go to 5 rs as what happened to Gujarat hy spin.it is now at 6 rs
avatar
18. IPOANALYSIS  Aug 13, 2018 15:52 I Like It. | Report Abuse Reply
They just need 150 application to fill the issue.
Till now around only 76 application have come. high possible 15-20 application put up by employee and relatives .

I dont understand how exchange allowed such sme to come through without taking any stringent steps against the previous background

avatar
17. IPOANALYSIS  Aug 13, 2018 10:58 I Like It. | Report Abuse Reply
The only few application seen in retail is from company employee and relatives to be cancelled on last day
avatar
16. Abhishek Shahi  Aug 13, 2018 10:33 I Like It. | Report Abuse Reply
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      50,000
2(a)      Corporates      -
2(b)      Individuals (Other than RIIs)      50,000
2(c)      Others      -
3      Retail Individual Investors (RIIs)      2,20,000
3(a)      Cut Off      1,80,000
3(b)      Price Bids      40,000
Total      2,70,000


TOMORROW IS LAST DATE ... WHAT SAY ABOUT EXTENSION ??
avatar
15. IPOANALYSIS  Aug 12, 2018 12:26 I Like It. 1 | Report Abuse Reply
I can bet the retailer few application is done by company agents only. I am unsure how bse allowed such company to collect money whose promoter has offence of culpicible homicide not amount to murder. Also yearly profit of company is same what .Any small trader earn monthly.
avatar
14. VIE  Aug 12, 2018 04:30 I Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
shaileshDodiya Aug 11, 2018 15:46
mehrasachin Aug 11, 2018 15:43
HINAMODI Aug 11, 2018 15:40
REYANSH KHATI Aug 11, 2018 15:37
Bhivan Singh Aug 11, 2018 15:32
PINALYV Aug 11, 2018 15:09
Nanjikpatel Aug 11, 2018 14:57
kinnarycshah Aug 11, 2018 14:53
jaykushal Aug 11, 2018 14:49
Above all are making the first time review with a co incident at almost same hour with few minutes gap.
ITS CALLED DIGITAL MARKETING WHICH COMPANY DOING HERE TO PROMOTE ITS IPO. BIG AVOID.
I HAVE DOUBT THAT IT MAY BE TURN OUT TO BE NEXT SALE BHAI.
MORE OVER APPLICATS WHO APPLIED IN LAST TWO DAY MAY ALSO BE BELONG TO PROMOTORS FREINDS AND RELATIVES.
avatar
14.1. VIE  Aug 12, 2018 04:35 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Sorry read same time instead of same hour
avatar
14.2. Administrator  Aug 12, 2018 10:11 I Like It. 1 | Report Abuse
All removed. Thank you for letting us know.

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avatar
13. atul  Aug 11, 2018 23:09 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Now company will ask all agent to apply and reject application later on.nobody will be trapped
avatar
12. IPOANALYSIS  Aug 11, 2018 16:21 I Like It. 1 | Report Abuse Reply
wah bhai wah.
look at shameless company agents comments which loks like cheap reply with no proper information
the management is worse with numerous cases pending. A rule should be followed that whenever there are management issues never apply in such issue

it is a penny stock. do not risk your hard earned money in such crap company . They will run away with your money. These are like chit fund company.coming to collect public money

Look at there profits . People doing Job earn more money monthly than what they earn yearly.

not even worth to comment
avatar
11. Abhishek Shahi  Aug 10, 2018 16:03 I Like It. | Report Abuse Reply
Fate may be like sale bhai.
avatar
10. CA Nitin Agrawal  Aug 9, 2018 00:56 I Like It. 1 | Report Abuse Reply
I am surprised to see that IPO has been floated by the company having just Rs 44.74 Lacs turnover with profit of Rs 2.67 Lacs.
avatar
9. IPOANALYSIS  Aug 8, 2018 18:46 I Like It. | Report Abuse Reply



Certain of our Promoter group and our Promoter, Directors are involved in certain legal proceedings.
A. Certain of our Promoter Group and our Promoter, Directors, are involved in certain legal proceedings.
Market Regulator SEBI has imposed penalty on our Promoter, promoter group and directors for wrong
disclosure of shareholding, non disclosure as per SEBI (Prohibition of Insider Trading) Regulation 1992,
non disclosure as per SEBI (SAST) 1997 and violation of Section 11 C (3) read with Section 11(2) (I) of
SEBI Act 1992. The details are as follows:
Sr.
No
Name &
Relationship
Date of Order Particulars Amount
(In Rs)
1 Sungold Capital
Limited
(NOTE-1)
30th June 2017
[ADJUDICATION
ORDER NO. EAD5/SVKM/AO/49-
57/2017-18]]
Section 23E of the SCRA, 1956, for the violation of
provisions of Section 21 of SCRA read with Clause 35
of Listing Agreement, on Sungold Capital Limited,
notice no. 1 herein for wrongly classifying the
shareholding of the 'promoter group' as 'public
holding' and making wrong disclosures of the
shareholding of Ravi Rajiv Kotia.

500,000
2 Sungold Capital
Limited,
Rajiv R Kotia,
Ashok Modi,
Sharadchandra
Gandhi
(NOTE-2)
30th June 2017
[ADJUDICATION
ORDER NO. EAD5/SVKM/AO/49-
57/2017-18]
Section 15HA of the SEBI, 1992, for the violation of
provisions of Regulation 3 (d) of SEBI PFUTP
Regulations, 2003, payable jointly and severally by the
notices i.e. Sungold Capital Limited and its executive
Directors namely Shri Rajiv R Kotia, Shri Ashok Modi
and Shri Sharad Gandhi for providing false and
misleading information to the stock exchanges by
classifying the shareholding of the 'promoter group' as
'public holding'

1,000,000
3 Rajiv R Kotia in
the case of
Sungold Capital
Limited.
30th June 2017
[ADJUDICATION
ORDER NO. EAD5/SVKM/AO/49-
57/2017-18]
Section 15A (b) of the SEBI Act, 1992, for the
violation of Regulation 13 (4) read with Regulation 13
(5) of SEBI (Prohibition of Insider Trading)
Regulations, 1992, on the notice no. 2, Shri Rajiv R
Kotia, Promoter, Chairman & Managing Director of
Sungold Capital Limited for failure to disclose to the
Company and to the stock exchange the change in the
shareholding of his Wife and Son under the aforesaid
PIT Regulations.
12,00,000
4 Shilpa Amit Kotia,
Dhaval Ramesh
Kotia,
Shwetha Dhaval
Kotia,
Seema Rajiv Kotia,
Ravi Rajiv Kotia,
under
(NOTE-3)
30th June' 2017
[ADJUDICATION
ORDER NO. EAD5/SVKM/AO/58-
62/2017-18]
Section 15I of the SEBI Act, 1992 read with Rule 5 of
the Adjudication Rules, hereby impose, a penalty of `
10,00,000/- (Rupees Ten Lakhs Only) payable jointly
and severally by the notices namely Smt. Shilpa Amit
Kotia, Shri Dhaval Ramesh Kotia, Smt. Shwetha
Dhaval Kotia, Smt. Seema Rajiv Kotia and Shri Ravi
Rajiv Kotia, under Section 15A (b) of the SEBI Act,
1992, for the violation of Regulation 7 (1A) read with
Regulation 7 (2) of SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 1997
10,00,000
5 Sungold Capital
Limited,
19th July 2017
[ADJUDICATION
ORDER NO. EAD5/SVKM/AO/82-
86/2017-18]
Section 15I of the SEBI Act, 1992 read with Rule 5 of
the SEBI Adjudication Rules, whereby penalty is
impose, under Section 15A (a) of the SEBI Act, 1992,
for the violation of Section 11C (3) read with Section
11 (2) (I) of SEBI Act, 1992 by the notices.

500,000
6 Shilpa Amit Kotia,
Shwetha Dhaval
Kotia, Ravi Rajiv
Kotia, Seema Rajiv
19th July 2017
[ADJUDICATION
ORDER NO. EAD5/SVKM/AO/82-
Section 15I of the SEBI Act, 1992 read with Rule 5 of
the SEBI Adjudication Rules, whereby penalty is
impose under Section 15A (a) of the SEBI Act, 1992,
for the violation of Section 11C (3) read with Section

800,000
avatar
8. IPOANALYSIS  Aug 8, 2018 18:29 I Like It. 2 | Report Abuse Reply



another fraud

another fraud






another misgoverned company allowed to come up with ipo.this can happen only IN India
A criminal case against Mr. Amit Rameshbhai
Kotia is pending before Metropolitan Magistrate
Court, Ahmedabad under 27/2001 (Sec 304A of
IPC i.e. Culpable Homicide not amounting to
murder). The said application has been filed by
the applicant accused u/s 439 of the criminal
procedure code and prayed for enlargement in
connection with the CR No. 1st 27/01 registered at
Sabarmati Police Station relating to the offence
punishable u/s 304, 120(B), 308 and also for the
offence u/s 3(2)(c)(d) and 7(1)(I)(II) of the


Change in Auditors during the last three (3) years
Except for appointment of M/s Bhatter & Company, Chartered Accountant, as peer review auditor, there are following
changes in our company's auditor in the last 3 years
Sr.
No
Name of Auditor or Auditor's Firm Appointment Date Appointment Reason
1 Garg & Associates 29-09-2015 As per Sec 139 and 142 of Companies
Act'2013
2 B D Saboo & Associates 26-08-2016 Fill vacancy due to resignation of
existing Statutory Auditors
3 Bhatter & Company 04-12-2017 Fill vacancy due to resignation of
existing Statutory Auditors
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