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Silgo Retail Limited Rights Issue (Silgo Retail Rights Issue 2024) Detail

February 28, 2024 - March 12, 2024
Silgo Retail Limited Logo

Founded in 2016, Silgo Retail Limited is active in the design, manufacture, wholesale, and retail of silver jewelry. The company also deals in gemstones.

The company mainly deals in silver jewelry. The product portfolio includes bracelets, necklaces, rings, earrings, jhumki, bangles and custom jewelry. All of the company's jewelry is cast from 925 sterling silver. The company also offers a wide range of traditional, Indian, western, and modern designs and silver jewelry. The offerings are specialized in silver jewelry and carry the BIS hallmark.

The company offers a wide range of silver jewelry for special occasions such as weddings and festivals as well as everyday jewelry for all age groups, genders, and in various price ranges.

The company's manufacturing facility is located in Jaipur. Silgo runs a program called "Dyuti" to promote entrepreneurship among women in the region.

As at September 30, 2023, the company had 20 employees, including Executive Directors and KMP.

Silgo Retail Rights Issue 2024 Detail

Issue Open February 28, 2024 - March 12, 2024
Security Name Silgo Retail Limited
Issue Size (Shares) 10,270,000
Issue Size (Amount) ₹25.68 Crores
Issue Price ₹25 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The entire amount of the Issue Price of ₹ 25/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Silgo Retail Rights Issue 2024 Issue Timetable

Last Date to buy sharesFebruary 21, 2024
Record Date February 22, 2024
Credit of Rights Entitlements February 23, 2024
Bid/Offer Opens On February 28, 2024
Renunciation of Rights Entitlements March 8, 2024
Bid/Offer Closes On March 12, 2024
Deemed Date of Allotment March 20, 2024
Credit Date March 20, 2024
Listing Date March 26, 2024

Company Financials

Silgo Retail Limited Financial Information (Restated)

Silgo Retail Limited's revenue decreased by -1.33% and profit after tax (PAT) rose by 2% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets52.1151.1945.16
Revenue34.6835.1431.90
Profit After Tax2.352.312.20
Amount in ₹ Crore

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by our Company for the objects set out below:

  1. Repayment in full of unsecured loan availed from one of the Promoters, Mr. Nitin Jain;
  2. Repayment/ Pre-payment of certain secured loan availed from lender of the company either in part or full;
  3. To augment the existing and incremental working capital requirement of the company; and
  4. General corporate purposes.

Silgo Retail Rights Issue 2024 Subscription Status

Silgo Retail Rights Issue 2024 got subscribed by 0.04 times by the end of the bidding period with total bid quantity received by NSE of 371,801 shares.

Silgo Retail Rights Issue 2024 Documents

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Company Contact Information

Silgo Retail Limited
B 11 Mahalaxmi Nagar,
JLN Marg,
Jaipur - 302017

Phone: + 917055570555
Email: info@silgo.in
Website: https://www.silgo.in/

Silgo Retail Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshargonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Silgo Retail Rights Issue 2024 Lead Manager(s)

Silgo Retail Rights Issue 2024 FAQs

The Silgo Retail Rights Issue 2024 opens on February 28, 2024, and closes on March 12, 2024.

Silgo Retail Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsFebruary 23, 2024
Last Date for renunciation of Rights EntitlementsMarch 8, 2024
Issue Opening DateFebruary 28, 2024
Issue Closing DateMarch 12, 2024
Date of Allotment (on or about)March 20, 2024
Date of Credit (on or about)March 20, 2024
Date of Listing (on or about)March 26, 2024

Silgo Retail Rights Issue 2024 price is set at ₹25 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (February 22, 2024).

The record date for the Silgo Retail Rights Issue 2024 is February 22, 2024.

The issue size of Silgo Retail Rights Issue 2024 is of 10,270,000 equity shares at ₹25 per share aggregating upto ₹25.68 Crores.

The Letter of Offer for Silgo Retail Rights Issue 2024 can be download here.

You can apply for Silgo Retail Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Silgo Retail Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Silgo Retail Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Silgo Retail Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Silgo Retail Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Silgo Retail Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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