Sona Hi Sona Jewellers IPO – Dates, Allotment, Bid Details, Subscribe, Price & Size

In this article, we will discuss in details about the Sona Hi Sona Jewellers IPO dates, size, its 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 DateNA
Close DateNA
IPO Price BandNA
Face ValueRs. 10
No. of Shares45,00,000
Share PriceRs. 10
Share PremiumNA
IPO SizeRs. 450.00 lakhs

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Summary – Sona Hi Sona Jewellers Limited

Sona Hi Sona Jewellers IPOThe 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 up to 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 to this issue is Link-Intime Private Limited.


Sona Hi Sona Jewellers IPO Review

In the past 3 years, 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 the closing date of Sona Hi Sona Jewellers IPO is not known yet.


Sona Hi Sona Jewellers IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

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 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 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 Standalone statement:-

Amount (in INR & Lakhs)
31-Mar-1931-Mar-1831-Mar-17
Total Assets2224.402,230.881,220.15
Total Revenue6717.985,903.265,448.10
Total Expense6664.965,860.075,438.82
Profit After Tax53.0331.879.28

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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