Sonam Clock IPO – Review, Allotment Status, Subscription, Price, Date & more

Sonam Clock IPO is launching on 1st June 2018. The issue size of this IPO is Rs.10.11 cr. The company is a wall and table clock manufacturing firm which was incorporated in the year 2001.

Let’s have a detailed review of steel product company and an in-depth analysis of the IPO release date, IPO offer price, Sonam Clock IPO subscription, Sonam Clock IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Stock Broker Complaints


Sonam Clock IPO Review & Ratings

Sonam Clock IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.1/10
Industry Ranking 6.3/10
Company Background6.5/10
Company Reputation6.2/10
Competitive Edge6.3/10
Financial Statements6.4/10
Popularity Index6.5/10
Promoters Reputation6.5/10
Retail Appetite 6.7/10
Top Brokers Review6.0/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

Summary of Sonam Clock IPO

Sonam Clock IPOSonam Clock Limited is a wall and table clock manufacturing firm which was incorporated in the year 2001. Since the year of its birth, the company has witnessed significant growth with the increasing demand in both budget and premium digital LED clock styles.

These manufactured clocks are generally sold to retailers, clock dealers, novelties stores, and corporate under the brand name Sonam or Lotus or AmPm, all these products are environment-friendly and safe for the use of the end user. Since the growth of the company is on tremendous increase with the ever-expanding revenue every year, the shareholders of Sonam Clock Limited are not expected to suffer any losses in future.

The Promoters of this company are: MR. JAYESHBHAI CHHABILDAS SHAH AND MRS. DEEPABEN JAYESHBHAI SHAH.

The lead manager to the issue is HEM SECURITIES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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    Sonam Clock IPO Date

    This IPO opens on 1st June 2018 & closes on 6th June 2018.

    Sonam Clock IPO Subscription

     Subscription
    Day 1X
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    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

    Sonam Clock IPO Allotment Status

    The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.

    Sonam Clock IPOPrice Band

    The Price band of this IPO is Rs.36 per equity share.

    Sonam Clock IPO Issue Size

    The Issue size of this IPO is Rs.10.11 Cr.

    Sonam Clock IPO Equity Share Offerings

    28,08,000 Equity Shares of face value Rs 10 each.



    Sonam Clock Limited – Company Overview

    Sonam Clock Limited is a clock manufacturing company that deals in manufacturing variety of clock range starting from simple and premium styles to digital and LED clocks. The company is the first to display unpredicted success in chronological industry in the corporate gifting sector.

    Sonam Clock is well equipped with modern and updated technologies and world-class equipment that are used by the highly-skilled professional team of managers and workers who manufacture clocks that are sold around the world. The key management personnel of the company are the MD of the organization who also plays the role of promoting the company.

    The key management personnel of the company are:

    • Mr. Jayeshbhai Chhabildas Shah – Chairman and Managing
    • Mrs. Deepaben Jayeshbhai Shah – Whole Time Director
    • Mr. Amitbhai Jamnadas Vaghajiyani – Chief Financial Officer
    • Ms. Sejal Hareshbhai Shah – Company Secretary and Compliance officer
    • Mr. Jatin Shashikant Movani –  Production Head Company
    • Mr. Samir Champaklal Doshi – Marketing Head

    Competitive Strengths of Sonam Clock Limited:

    • Experienced promoters and Management Expertise
    • Quality projects and committed operations
    • Independent Execution capabilities
    • Networking strength

    Business strategies of Sonam Clock Limited:

    • Leveraging Market Skills
    • Long Term Relationship with Clients
    • Achieving Operational Efficiencies
    • Expand Distribution Network & Customer Base
    • Brand Building
    • Expand the Business in new location

    Sonam Clock Ltd – Financial Statements

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

    Assets of the Company

    Assets (in INR & Lakhs)

     31-Jan-1831-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Non-Current1,420.331,425.071,369.681,197.771,227.631086.84
    Current Assets2,353.842,068.842,047.261,654.721,779.871,627.45
    Total Assets3,774.163,493.923,416.942,852.493,007.50978.49

    Revenue & PAT of the Company

       Revenue and Profit (in lakhs)

     31-Jan-1831-Mar-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
    Revenue 3,861.883,903.163,682.353,405.673,355.353,371.47
    PAT225.980.7268.1140.9957.5245.53

    Earnings per Equity Share (in Lakh)

     31-Mar-1731-Mar-1631-Mar-15
    Basic 1.121.930.57
    Diluted 1.121.930.57

    From the above statements, one could find that the Sonam Clock Ltd has performed well in the past few years.


    Sonam Clock IPO – Promoters

    The Promoter of this company are:

    • JAYESHBHAI CHHABILDAS SHAH
    • MRS. DEEPABEN JAYESHBHAI SHAH

    The interest of Promoters in the Promotion of the company

    Although Sonam Clock is owned by Jayeshbhai Chhabildas Shah, there are many other directors, who have played a significant role in expanding the company and marking its position in the international market. One among them are Deepaben Jayeshbhai Shah, who being the family member is nowhere less in bringing the company to such heights.

    The interest of Promoter in the Property of the company

    The promoter has full interest in the property of the company as it is still a private limited company.


    Sonam Clock IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered28,08,000 Equity Shares of Rs 10/- each at an Issue Price of Rs XXX/- each aggregating to Rs XXX Lakh
     Of which:
     Reserved for Market Makers1,44,000 Equity Shares of Rs 10/- each at an Issue Price of  Rs XX/- each aggregating to Rs  XX Lakh
     Net Issue to the Public26,64,000 Equity Shares of Rs 10/- each at an Issue Price of Rs XX/- each aggregating to Rs XXX Lakh
     Of which:
     Retail Investors Portion1,32,000 Equity Shares of Rs 10/- each at an Issue Price of Rs XX/- each aggregating to Rs XX Lakh
     Non-Retail Investors Portion13,32,000 Equity Shares of Rs 10/- each at an Issue Price of Rs XX/- each aggregating to Rs XX Lakh
     Equity Shares outstanding prior to the Issue72,00,000 Equity Shares of  Rs 10/- each
     Equity Shares outstanding after the Issue 1,00,08,000 Equity Shares of Rs 10/- each

     


    Sonam Clock IPO Issue Object

    These are the IPO Issue Objects of the company

    • To fund the sufficient requirement of Working Capital
    • To repay the unsecured Loan that is availed by Sonam Clock
    • To pay off general corporate expenses
    • To issue expenses

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    Sonam Clock IPO – Basis of the Offer Price

    The issue price of the company’s share is set after detailed consultation with the Lead manager of the company. The discussion covers the details about the qualitative and quantitative factors and goals of the company which form the basis of determining the share value. The face value of each share is Rs 10 and the price band of the IPO is Rs XX per share.

    Qualitative factors are:

    • Assurance of the product and service quality
    • Building Strategic location of the manufacturing unit
    • Appropriate facilities for in-house production of the clock movements
    • Manufacturing a wide range of clock designs and styles
    • Compliance and certifications with Quality Standards
    • Development of Promoters and skilled workforce
    • A long-term and fruitful relationship with customers and clients
    • Projects are completed with efficiency and effectiveness.
    • To maintain the ever increasing revenue by the Promoters and management team of the company

    The relevant quantitative factors are:

    • Basic and Diluted Earnings per Share (EPS) determined by restated financial statements
    • Price to Earnings (P/E) ratio in relation to Issue Price of Rs XX
    • Return on Net Worth
    • Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
    • Net Asset Value per Equity Share
    • Comparison of Accounting Ratios with Peer Group Companies

    List of Latest IPOs of 2018

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    Sonam Clock IPO Lead Managers

    Lead Managers
    HEM SECURITIES LIMITED

    Sonam Clock IPO Registrar to offer

    Registrar to the Offer
    Bigshare Services Private Limited

    Sonam Clock IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
    Angel Broking6.4/106.6/106.0/106.4/106.0/10
    Sharekhan6.2/106.1/106.6/106.1/106.2/10
    Kotak Securities6.3/106.2/106.3/106.4/106.3/10
    ICICI Direct6.3/106.3/106.7/106.1/106.1/10
    IIFL6.2/106.2/106.8/106.0/106.1/10
    Edelweiss6.2/106.3/106.3/106.3/106.2/10
    Zerodha6.3/106.4/106.3/106.3/106.0/10
    5Paisa6.1/106.4/106.3/106.1/106.1/10
    Karvy6.3/106.3/106.2/106.1/106.0/10
    Motilal Oswal6.3/106.4/106.3/106.5/106.4/10

    The ratings would be updated once the financials and the other details of the IPO are released.


    Sonam Clock IPO Grey Market Premium

    The Sonam Clock IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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