In this article, we will discuss in detail the Sona Hi Sona Jewellers IPO dates, size, allotment status, Sona Hi Sona Jewellers IPO subscription, grey market premium and its company’s financial status that will help you to conclude whether you should invest or subscribe for this IPO or not.
| Open Date | NA |
| Close Date | NA |
| IPO Price Band | NA |
| Face Value | Rs. 10 |
| No. of Shares | 45,00,000 |
| Share Price | Rs. 10 |
| Share Premium | NA |
| IPO Size | Rs. 450.00 lakhs |
Summary – Sona Hi Sona Jewellers Limited
The Company is into Job Work and Trading Business of Gold Jewellery and Ornaments. Their Product Collection list includes Gold Jewellery with or without studded precious and semi-precious stones. The Company offers our customers a broad variety of Gold Jewellery in order to cater to regional tastes.
They also customize Jewellery on an individual basis. The designing and job work of the products is done either in-house or by third parties on a job-work basis. Apart from their own Jewellery, they are also dealing in wholesale trading of branded Jewellery. They also deal in Real Diamond and Silver Jewellery and Ornaments. To reach the utmost customer satisfaction level, they design jewellery as per the Customer preference(s).
The Promoters of this company are Vijay Shah and Alpaben Shah. The lead manager to the issue is Fedex Securities Private Limited and the Registrar of this issue is Link-Intime Private Limited.
Sona Hi Sona Jewellers IPO Review
In the past 3 years, the Total Revenue from operations of the Company was Rs. 5448.10 Lakhs in F.Y. 2016-17, Rs. 5903.26 Lakhs in F.Y. 2017–18 & Rs. 6717.98 Lakhs in F.Y. 2018-19 reflecting Net Profit after tax for the above – mentioned periods as Rs. 6.18 lakhs, Rs. 18.65 Lakhs and Rs. 38.86 Lakhs respectively.
Sona Hi Sona IPO Date
The opening and closing date of Sona Hi Sona Jewellers IPO is not known yet.
Sona Hi Sona Jewellers IPO Subscription
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The shares subscribed by the public will be updated here.
Sona Hi Sona Jewellers IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Sona Hi Sona IPO Grey Market Premium
The Sona Hi Sona Jewellers IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Sona Hi Sona IPO Price
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Sona Hi Sona Jewellers IPO Issue Size
Issue of 45,00,000 Equity Shares of the face value of Rs.10/- each.
Sona Hi Sona Jewellers – Company Overview
The Founder of the Company, Vijay Shah, had started a Proprietorship Concern in the name of M/s. Sona Hi Sona way back in 2000. The Proprietorship, then, was engaged in the business of Jewellery. He has been actively involved in the business of Jewellery since 2001 and with a vision to expand his business further.
He, along with his wife, Alpaben Shah, incorporated a Company, “Sona Hi Sona Jewellers (Gujarat) Private Limited” as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 09, 2010, bearing CIN U36910GJ2010PTC059513 issued by the RoC, Gujarat, Dadra and Nagar Haveli.
Later, on September 09, 2010, the Company took over the entire business of the Sole Proprietorship which was founded by Vijay Shah in the year 2000, vide an Agreement for Sale and Purchase of Business dated September 09, 2010. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by the shareholders at the extraordinary general meeting held on July 08, 2017.
Consequently, the name of the Company was changed to “Sona Hi Sona Jewellers (Gujarat) Limited” and a fresh Certificate of Incorporation was issued by the RoC, Ahmedabad dated July 19, 2017.
Sona Hi Sona Jewellers – Company Financials
On the basis of the Standalone statement:-
| Amount (in INR & Lakhs) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 2224.40 | 2,230.88 | 1,220.15 |
| Total Revenue | 6717.98 | 5,903.26 | 5,448.10 |
| Total Expense | 6664.96 | 5,860.07 | 5,438.82 |
| Profit After Tax | 53.03 | 31.87 | 9.28 |
Sona Hi Sona IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED 305, Enterprise Centre, Nehru Road, Vile Parle (East), Mumbai- 400099, Maharashtra, India Tel No.: +91 81049 85249 Fax No.: 022 2618 6966 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Rinkesh Saraiya SEBI Registration Number: INM000010163 Investor Grievance E-mail: mb@fedsec.in |
Sona Hi Sona IPO Registrar to Offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai 400083, Maharashtra, India. Tel No: 022 – 4918 6200 Fax No: 022 – 49186195 Email id: sonahisona.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 Investor Grievance E-mail: sonahisona.ipo@linkintime.co.in |
Sona Hi Sona Jewellers IPO Conclusion
Sona Hi Sona Jewellers IPO News
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