₹25.68 Crores | Listing at NSE | Wed, Feb 28, 2024 - Tue, Mar 12, 2024
Silgo Retail Limited Rights Issue comprises 1.03 Cr equity shares aggregating to ₹25.68 Cr, offered at an issue price of ₹25 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 22, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : The entire amount of the Issue Price of ₹ 25/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 20, 2024.
The Rights Issue opens on Feb 28, 2024, and closes on Mar 12, 2024, with renunciation of Rights Entitlements permitted up to Mar 8, 2024.
The deemed date of allotment is Mar 20, 2024, following which the equity shares are expected to be credited to demat accounts on Mar 20, 2024 and listed at the NSE on Mar 26, 2024.
Srujan Alpha Capital Advisors LLP is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Silgo Retail Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Feb 22, 2024
Entitlement Ratio
1 : 1
Open Date
Wed, Feb 28, 2024
Close Date
Tue, Mar 12, 2024
The entire amount of the Issue Price of ₹ 25/- per Rights Equity Share shall be payable at the time of Application.
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 Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 52.11 | 51.19 | 45.16 |
| Revenue | 34.68 | 35.14 | 31.90 |
| Profit After Tax | 2.35 | 2.31 | 2.20 |
| Amount in ₹ Crore | |||
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.
The Net Proceeds from the Issue are proposed to be utilized by our Company for the objects set out below:
[Dilip Davda] The company has posted lackluster financial performances for the reported periods. Doubling paid-up equity capital post RI indicates its servicing issue. This is a “High Risk/Low Return” bet. There is no harm in skipping it. Read detail review...
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 3,71,801 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 12 2024 17:00:14 | 3,71,801 | 0.04x |
Silgo Retail Limited
B 11 Mahalaxmi Nagar,
JLN Marg,
Jaipur - 302017
Jaipur, Rajasthan, 302017
The Silgo Retail Rights Issue 2024 opens on Wed, Feb 28, 2024, and closes on Tue, Mar 12, 2024.
Silgo Retail Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Feb 23, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Mar 8, 2024 |
| Issue Opening Date | Wed, Feb 28, 2024 |
| Issue Closing Date | Tue, Mar 12, 2024 |
| Date of Allotment (on or about) | Wed, Mar 20, 2024 |
| Date of Credit (on or about) | Wed, Mar 20, 2024 |
| Date of Listing (on or about) | Tue, Mar 26, 2024 |
You can apply for Silgo Retail Rights Issue 2024 in two ways:
Steps to apply for Silgo Retail Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Silgo Retail Rights Issue 2024 using Registrar's website (R-WAP)
