Sagar Diamonds Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,605,000 (47%) | — | ₹722 Cr |
| Retail | — | 1,605,000 (47%) | — | ₹722 Cr |
| Market Maker | — | 171,000 (5%) | — | ₹8 Cr |
| Σ Total | — | 3,381,000 (100%) | — | ₹15,215 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,890,000 |
| B-HNI (Min) | 67 | 201,000 | ₹9,045,000 |
Financial Statements Amount in ₹ Crore
| Metric | 20 Jun 2017 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Revenue | 10 | 10 | — |
| Profit After Tax | 0 | 0 | 0 |
| Net Worth | 22 | 0 | 0 |
| Total Assets | 41 | 10 | 0 |
| Total Borrowing | 12 | 0 | 0 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To Meet working capital requirementTo Meet working capital requirement – 13.21
- Public issue expenses – 0.35
- General corporate purpose – 1.65
Company Overview
Incorporated in 2015, Sagar Diamonds Ltd is engaged in business of manufacturing and exporting of rough and polished diamonds. They are also engaged in the business of jewellery making and marketing. They sell a wide range of jewellery products including cut and polished diamond studded jewellery to diverse customer segments, from the value market to high-end customized jewellery. Their product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans.
They have independent sales and distribution networks for their products. Most of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets. They procure diamond from suppliers at domestic and international market depending upon the needs and requirement.
Company's manufacturing facility at their factory unit located in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month.