Sagar Diamonds.

sagar diamonds

About the Company:

Company is engaged in manufacturing and exporting of rough and polished diamonds procured from the trusted and certified suppliers and in jewellery making. They are also involved in trading of diamond and processing by trained and qualified workers on job work basis.

They have our manufacturing facility is 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. In the month of July 2017, the Company have consumed 1,000 gram of Silver and 28 gram of Gold.

The facility for manufacturing of Diamonds Jewellery have been recognised for its quality Management System with ISO 9001:2015 vide certificate issued on July 13, 2017.

Company has independent sales and distribution networks for their products.Majority of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets.

Company’s revenue from operation has increased from NIL to ` 9,99,89,350 in Fiscal 2017 as compared to Fiscal 2016 and further in the period ended June 20, 2017, the revenue from operations is Rs.10.4 crores. Company has made profit after tax of Rs.34 Lakhs in Fiscal 2017. Further our company, in the period ended June 20, 2017, made profit after tax Rs.30 Lakhs.

Company’s Product Portfolio:


Company is 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.

TOP 10 Shareholders:

Sr.No. Shareholder Name Number of Equity Shares held Percentage of Equity Share Capital %
1. Mr. Vaibhav Dipak Shah 62,27,860 67.24
2. SG Diamonds LLP 30,01,260 32.40
3. Ms. Nidhi Hitesh Chovatia 16,660 0.18
4. Mr. Dhaval Dipak Shah 3,400 0.04
5. Mr. Hitesh Chovatia 3,400 0.04
6. Ms. Meeta Hitesh Chovatia 3,400 0.04
7. Ms. Priya Dhaval Shah 3,400 0.04
8. Mr. Rahil Hitesh Chovatia 3,400 0.04
Total 92,62,780 100%


Objectives of the Issue:

  • Working capital requirement.
  • Issue Expenses.
  • General corporate purpose.
  • Listing Benefits.

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Management Team:

  1. Mr. Vaibhav Dipak Shah (Designation Managing Director)
  2. Mr. Rahil Hiteshbhai Chovatia (Designation Non-Executive Non-Independent Director)


Financials of the Company:

(in Crores) FY 17 Upto 20th June 2017
Revenue 9.99 10.44
Net Profit 0.34 0.30


IPO Details:

Details Info
Issue Opens on 14th September 2017
Isue Closes on:. 18th September 2017
Issue Price Rs.40 – 45
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,35,000
Issue Constitutes 26.74%
Issue Size Rs.15.21 cr
Market Cap Rs.56.89 cr
Listing at BSE SME
Equity Shares Offered (Fresh issue) 33,81,000
Equity Shares Prior 92,62,780
Equity Shares after the issue 1,26,43,780


IPO Valuation parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.14 21.0 97.80 10.44


Important Dates:

Finalization of Basis of Alottment on or Before 21st September 2017
Initiation of Refunds on or Before 21st September 2017
Credit of Equity Shares: on or Before 22nd September 2017
Listing Date: on or Before 26th September 2017


Markets Guruji’s Opinion:

IPO View Apply For: Expected listing Gain:
Avoid NA NA