Penta Gold Ltd

Penta Gold Ltd

About the Company:

Penta Gold Ltd is a retailer, wholesaler and exporter of gold jewellery.they have a retail outlet in Mumbai. Company also export the products (gold jewellery studded with diamond) to overseas buyers.They also sell their products to wholesalers domestically.

They primarily sell gold jewellery i.e. Chains, Rings, Bangles, Necklace, Mangalsutra, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds, American diamonds and other precious stones.

Further, they also have product line of antique and kundan Jewellery. Further, they also have variety of Italian jewellery products which is famous for its machine designs and light weighted jewellery.

Over the last five years, Company’s production team has developed a portfolio, which enables them to provide a range of choices to their customers. They offer their customers a wide range of Jewellery in order to cater to regional as well as international tastes.

Company offers Jewellery across different price ranges from low to high to cater on large scale customer base.

They outsource manufacturing  of jewellery to various domestic corporate, local artisans and craftsmen.

Company also export their products which constitute more than 30.49%, 22.23% and 22.81% for the 6 months period ended September 30, 2017; FY 2015-16 and FY 2016-17 respectively.

Company’s products are primarily exported to countries such as the U.A.E and USA. They have received the registration as “One Star Export House” from Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India.

Company was awarded the India SME 100 Award for being SME Achievers of FY 2015-16 for scoring in the Top 100 among 41832 nominations by India SME Forum in the overall evaluation of financial and non financial parameters.

Management Team:

  1. Mr. Ketan M. Shroff (Designation: Managing Director)
  2. Ms. Dipti Ketan Shroff (Designation: Non Executive Director)
  3. Mr. Dilip Rajkumar Patodia (Designation Independent Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Ketan M. Shroff 39,36,500 9.59


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Ketan M. Shroff 99.85% 73.52%
Promoters Group Entities             0.15%               0.11%
Total 100% 73.63%


Objectives of the Issue:

  • Augmenting additional working capital requirements.
  • General Corporate Purpose.
  • Meeting Issue Expenses.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Augmenting additional working capital requirements 11.00
General Corporate Expenses 1.87
Net Proceeds 12.87 crores


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 FY 17
Revenue  274.30  838.26  250.01  244.91 237.57   110.47
Net Profit  0.57  1.38  1.58  1.77 1.68   1.30


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Penta Gold Limited 10 1.85 20 10.70% 17.26
Vaibhav Global Ltd 10 11.9 56.5 4.9% 153.3
Renaissance Jewellery Ltd 10 17.1 29.6 7.3% 234.2
DP Abhushan Ltd 10 2.2 29.8 25.6% 14.8


IPO Details:

Details Info
Issue Opens on 23rd March 2018
Issue Closes on:. 27th March 2018
Issue Price Rs.37
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,11,000
Issue Constitutes 28.29%
Issue Size Rs.13.32 cr
Market Cap Rs.47.08 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 36,00,000
Equity Shares Prior to the Issue 91,25,000
Equity Shares after the Issue 1,27,25,000


Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 06:00 PM) Shares Offered Day-1 Day-2 Day-3
HNI  17,10,000  0.00  0.105  1.02
Retail  17,10,000  0.001  0.012  0.163
Others  1,80,000   0.00   0.00  0.00
Employee    ———  —-  —–  —–
TOTAL  36,00,000  0.00  0.05  0.56


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.85 20 10.70% 17.26


Check IPO Allotment Status:

Karvy Website (Click on the below link)


Company Contact Info:
2224, Manek Chowk,
Opp. Old Share Bazar,
Ahmedabad-380 001, Gujarat, India
Tel: +91 79 2215 3555
Fax: +91 79 2215 3555


IPO Registrar Info:
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Finacial District,
Nanakramguda, Hyderabad-500032, Telangana, India
Tel No:+91 40 – 6716 2222
Investor Email:


Lead Manager to the Issue:
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End)
Western Express Highway, Andheri (East)
Mumbai – 400 069, Maharashtra, India
Tel No: +91 22 4075 1500;
Investor Email: