Silgo Retail Limited IPO – Review, Allotment, Subscription, GMP & DRHP

Silgo Retail Limited is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. They deal in silver jewellery and offer a wide variety of designs to suit the preferences of the end customers. Silgo Retail Limited IPO comprises of a Public Issue of 1360000 Equity shares of face value of Rs.10.00 each fully paid  up.

Let’s have a detailed review of the company and analytics of the Silgo Retail Limited IPO release date, IPO offer price, subscription, Silgo Retail Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Silgo Retail Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Silgo Retail Limited  IPO

Silgo Retail Limited IPOSilgo Retail is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. They deal in silver jewellery and offer a wide variety of designs to suit the preferences of the end customers. . Up to 1360000 Equity Shares for cash at a price of Rs 10 per Equity Share (including a premium of Rs [●] per Equity Share) aggregating up to Rs. (1360000* [●] Lakhs). The Issue will constitute 26.82 % of the post-issue paid-up Equity Share capital of the Company.

From FY 2012-13 to FY 2014-2015, as per the Restated Financial Statements,

  • The Net Worth of the Company is Rs. 113.74 lakhs and the book value of each Equity Share was Rs. 3.08 as on March 31, 2018 as per the Restated Financial Statements
  • For Fiscal Years 2018, 2017 and 2016, they generated revenue from operations of Rs 1,646.51 lakhs, Rs.497.62 lakhs respectively.

The Promoters of this company are Mr. Nitin Jain and Mrs. Bela Agrawal. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Subscribe to Silgo Retail Limited IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker



Silgo Retail Limited IPO Date

The opening and the closing date of IPO of Silgo Retail Limited is not known yet.


Silgo Retail Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1
Day 2    
Day 3    
Day 4    
Day 5    

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Silgo Retail Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO. The Allotment of specified securities to each RII shall not be less than the minimum Bid Lot, subject to availability of shares in the RII category, and the remaining available shares, if any, shall be Allotted on a proportionate basis.The Issuer is required to receive a minimum subscription of 90% of the Offer (excluding any Offer for Sale of specified securities). However, in case the Offer is in the nature of Offer for Sale only, then minimum subscription may not be applicable.


Silgo Retail Limited IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Silgo Retail Limited IPO Equity Share Offering

13,60,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


Silgo Retail Limited – Company Overview

This Company was incorporated as “Silgo Retail Private Limited” on January 09, 2016, under the Companies Act, 2013 with the Registrar of Companies, Jaipur at Rajasthan. The status of the Company was changed to a public limited company and the name of the Company was changed to “Silgo Retail Limited” by a special resolution passed on July 24, 2018.

Silgo Retail is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. They deal in silver jewellery and offer a wide variety of designs to suit the preferences of the end customers. They have diverse portfolio of ornaments and jewellery to suit the taste and preferences of one & all and accordingly and have developed an ability to design the jewellery products as per latest trends, fashion and demographic preference of the end customers. Their products include silver jewellery with varied range of designs such portfolio includes rings, earrings, bracelets, necklaces, jhumki, bangles and customized jewellery based on customer demand. They mainly deal in silver jewellery. These jewellery made at their company is cast in 925 sterling sliver.

Competitive Strengths of Silgo Retail Limited:

  • Experienced Promoters and well trained management team
  • Dyuti – Concept initiated for women empowerment
  • Access to advanced technology and modern equipments
  • Multiple Products
  • Quality products
  • Customer Satisfaction

Business strategies of Silgo Retail Limited:

  • Expansion in different geographies.
  • Online sale of Jewellery.
  • Growth in Business from existing customers.
  • Adding new designs to product portfolio.
  • Continue to focus on maintaining strong relation with existing customers.
  • Active and regular participation in trade fairs and exhibitions.
  • Enhancing Operating Effectiveness & efficiency.

Silgo Retail Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-1831-Mar-1731-Mar-16
Total Assets902.56244.231.16
Total Revenue1,646.51497.62
Total Expense1,515.44471.21
Profit After Tax94.7518.15

Earnings per Equity Share (in Lakhs)

31-Mar-1831-Mar-1731-Mar-16
Basic /Diluted13.608.2710.12

From the above statements, one could find that the Silgo Retail Limited may perform well.


Silgo Retail Limited IPO – Promoters

The Promoters of this company are:

  1. Mr. Nitin Jain
  2. Mrs. Bela Agrawal

List of Related Parties (Key Managerial Personnel)

  • Mrs. Anjana Jain
  • Mr. Shalabh Gupta
  • Mr. Gopal Singh

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


Silgo Retail Limited IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 1360000 Equity Shares for cash at a price of Rs 10 per Equity Share (including a premium of Rs [●] per Equity Share) aggregating up to Rs. (1360000* [●] Lakhs).
 Of which:
 Reserved for Market Makers Upto 80,000 Equity Shares of Rs. 10 each for cash at a price of Rs [●] per share aggregating Rs [●] lakhs
 Net Issue to the Public Upto 12,80,000 Equity Shares of Rs. 10 each for cash at a price of Rs [●] per share aggregating Rs [●] lakhs
 Of which:
 Retail Investors Portion Upto 6,40,000 Equity Shares of Rs.10 each at a price of Rs.[●] per Equity Share will be available for allocation for Investors of up to Rs. 2.00 lakhs
 Non-Retail Investors PortionUpto 6,40,000 Equity Shares of Rs.10 each at a price of Rs.[●] per Equity Share will be available for allocation for Investors of above Rs. 2.00 lakhs
 Equity Shares outstanding prior to the Issue37,10,000 Equity Shares of face value of Rs.10 each
 Equity Shares outstanding after the Issue50,70,000 Equity Shares of face value of Rs.10 each

Silgo Retail Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company
  •  General Corporate Purposes

List of Upcoming IPOs in 2018

Pommys Garments IPOIndo US Biotech IPOMedibios Laboratories IPOHariom Pipe IPO
R R Industrial IPOSorich Foils IPO20 Microns IPOShree Vasu Logistics IPO

Silgo Retail Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Experienced Promoters and well trained management team
  • Dyuti – Concept initiated for women empowerment
  • Access to advanced technology and modern equipments
  • Multiple Products
  • Quality Assurance in order to provide quality products

The relevant quantitative factors are:

Basic EPSRONW (%)NAV (Rs.)
31-Mar-170.4995.83
31-Mar-182.5683.301137.4
  • Industry P/E Ratio:
ParticularsP/E ratio
Highest173.6
Lowest6.10
Average30.70
  • Competitive Peers:

There are no listed entities in India which are similar to their line of business and comparable to their scale of operations.


List of Latest IPOs of 2018

Fine Organic IPOIndoStar Capital IPOCapricorn Food Products IPOFlemingo Travel Retail IPO
Nazara Technologies IPOGenius Consultants IPORail Vikas Nigam IPOVerroc Engineering IPO

Silgo Retail IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Fax No.: +91 – 22 – 2263 0434
Email:
Website: www.afsl.co.in
Investor Grievance Email:
Contact Person: Ms. Hiral Motani/ Mr. Linesh Pobaru
SEBI Registration No.: INM000011344

Silgo Retail Limited IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 6263 8200;
Fax No.: +91 – 22 – 6263 8299;
Email: ;
Website: www.bigshareonline.com
Investor Grievance Email: ;
Contact Person: Mr. Srinivas Dornala
SEBI Registration No.: INR000001385

Other Details:

  • Statutory Auditor – M/s. S.C. Kabra & Co., Chartered Accountants
  • Peer review Auditor– M/s. PSD & Associates, Chartered Accountants

Silgo Retail Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Silgo Retail Limited IPO Grey Market Premium

The Silgo Retail Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Subscribe to Silgo Retail Limited IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

Silgo Retail Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

Calculate your return on investment!



Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund

Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Featured Topics
Best Discount Broker in India
Best Full Service Broker in India
Best Stock Broker in India
Best Intraday Trading Brokers in India
Best Demat Account
Brokerage Calculator
Top 10 Sub Broker Partner in India
Sub Broker Franchise
Broking Franchisee
Get 100% IPO Allotment Guarantee! Subscribe to IPO
error: Content is protected !!