Sona Hi Sona Jewellers (Gujarat) Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,130,000 (47%) | — | ₹213 Cr |
| Retail | — | 2,130,000 (47%) | — | ₹213 Cr |
| Market Maker | — | 240,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 4,500,000 (100%) | — | ₹4,500 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 | 10,000 | ₹100,000 |
| Retail (Max) | 13 | 130,000 | ₹1,300,000 |
| S-HNI (Min) | 14 | 140,000 | ₹1,400,000 |
| B-HNI (Min) | 67 | 670,000 | ₹6,700,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 |
|---|---|---|---|
| Revenue | 6,718 | 5,903 | 5,448 |
| Profit After Tax | 39 | 19 | 6 |
| Total Assets | 2,224 | 2,231 | 1,220 |
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
- 1 Meeting incremental working capital requirements – 3.72
- 2 General corporate purposes – 0.45
Company Overview
Incorporated in 2001, Sona Hi Sona Jewellers (Gujarat) Limited is engaged in the trading business of jewellery & ornaments. The company operates from Millenium Plaza, Vastrapur, Ahmedabad, which is a well-known market for Jewellery and bullion. Sona Hi Sona Jewellers has three brands, namely, Freya, Jinash and Sona Hi Sona. The company operates primarily in Freya and Jinash brand name. Under the Freya brand, the company deals in antique Jewellery & ornaments. Jinash brand of the company is known for American Diamond (AD) Jewellery. The company designs the jewellery and get the job-work finished either in-house or from outside (3rd party). The product catalogue of the company includes Gold Jewellery studded with or without stones. It also includes variety in Gold Jewellery to match regional tastes. The company also offers customization options to design Jewellery as per customer needs. Besides, the in-house brand Jewellery, Sona Hi Sona is also engaged in the wholesale trading business of other branded Jewellery.
Competitive Strengths
1. Wide Experience to meet the customer's requirements 2. Add new designs to portfolio regularly 3. The wide Jewellery product range 4. Branded Jewellery and ornaments