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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Capital Expenditure for Business Expansion | ₹7 |
| 2 Working Capital Loan requirement | ₹1 |
| 3 General Corporate Purposes | ₹1 |
| Metric | 30-Jun-18 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Total Assets | 599 | 598 | 656 |
| Revenue | 490 | 1,354 | 2,279 |
| PAT | 22 | 18 | 18 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,184,000 (47%) | — |
| Retail (RII) | — | 1,184,000 (47%) | — |
| Market Maker | — | 132,000 (5%) | — |
| Total | — | 2,500,000 (100%) | — |
* Amount calculated at upper price band (₹30) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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