IPO Issue Details
Issue Price / Price Band₹69 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size27,48,000 shares (aggregating up to ₹18.96 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 10 Nov 2017
Subscription CloseTue, 14 Nov 2017
Anchor AllotmentThu, 09 Nov 2017
Basis of AllotmentMon, 20 Nov 2017
Initiation of RefundsTue, 21 Nov 2017
Credit of Shares to DematTue, 21 Nov 2017
Listing DateWed, 22 Nov 2017
UPI Mandate Deadline2017-11-14
Application & Investment Details
Retail — Min (1 Lots)138000 — 2000 shares
Retail — Max (13 Lots)₹1,794,000 (13 Lots)
HNI — Min (2 Lots)276000 — 4000 shares
Net Offer to Public26,08,000 shares (aggregating up to ₹18.00 Cr)
Reserved for Market Maker1,40,000 shares (aggregating up to ₹0.9660 Cr)
Pre-IPO Promoter Holding76,67,880 shares
Post-IPO Promoter Holding1,04,15,880 shares
About Sanghvi Brands Ltd.
Incorporated in 2010, Sanghvi Brands Ltd (SBL) manages and operates Luxury Spa, Beauty, Wellness & Fitness Brands and one of the top largest Spa and Wellness Operator in India with license rights to operate various premium international brands including Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme. They also holds sole distributorship of Noveau Lashes for the territory of India to promote market and sell these products. They currently operates 19 Spa/Salons across the globe and another 9 Salons/Spa are under development. It has partnered with The Ritz Carlton San Fransisco, JW Marriot Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, realty developers Lodha, IREO, K Raheja Corp etc.
Objects of the Issue
Sanghvi Brands Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Business Expansion a. Expanding outlets/ distribution of current brand portfolio in India and overseas, b. Acquisitions and development of new brands
7.72
2
Marketing and sales promotion of the brands in our portfolio
5
3
Strategic Investments for business growth
1
4
General Corporate Purpose
2.84
Shareholding & Lock-in
Pre-IPO Promoter Holding
76,67,880 shares
Post-IPO Promoter Holding
1,04,15,880 shares