IPO Issue Details
Issue Price / Price Band₹30 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size25,00,000 shares (aggregating up to ₹7.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 03 Oct 2018
Subscription CloseWed, 10 Oct 2018
Anchor AllotmentTue, 02 Oct 2018
Basis of AllotmentTue, 16 Oct 2018
Initiation of RefundsWed, 17 Oct 2018
Credit of Shares to DematWed, 17 Oct 2018
Listing DateFri, 19 Oct 2018
UPI Mandate Deadline2018-10-10
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 4,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 8,000 shares
Net Offer to Public23,68,000 shares (aggregating up to ₹7.10 Cr)
Reserved for Market Maker1,32,000 shares (aggregating up to ₹0.3960 Cr)
Pre-IPO Promoter Holding41,91,673 shares
Post-IPO Promoter Holding66,91,673 shares
About S.M.Gold Ltd.
Incorporated in 2017, Ahmedabad based S. M. Gold Limited is a company engaged in the business of manufacturing and wholesale trading of mangalsutra jewelry. Mangalsutra contributes 90% of the earnings of the company.A minor part of the company's business also includes other jewelry items like Rings, Chain, Nose-rings/Nose Pins, Earrings, Ear Chain, waist belts, Pendant Set/Pendant, Anklet, Zuda, Toe Ring, Bracelet, Bangles, wedding, and festive Jewellery.The company sells jewelry items under the brand name of "S. M. Gold - the House of Mangalsutra".The company's manufacturing unit is located at Ahmedabad.It currently employs 9 employees on its payroll.
Objects of the Issue
S.M.Gold Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Capital Expenditure for Business Expansion
6.51
2
2 Working Capital Loan requirement
0.96
3
3 General Corporate Purposes
1.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
41,91,673 shares
Post-IPO Promoter Holding
66,91,673 shares