Silgo Retail Ltd

Silgo Retail

About the Company:

Silgo Retail Ltd is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery.

Company deals in silver jewellery and offer a wide variety of designs to suit the preferences of the end customers.

Company’s product portfolio includes rings, earrings, bracelets, necklaces, jhumki, bangles and customized jewellery based on customer demand.

They offer a wide range of products in silver jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points.


Management Team:

  1. Mr. Nitin Jain (Designation: Managing Director)
  2. Mrs.Bela Agrawal (Designation: Chairperson & Whole- time Director)
  3. Mrs. Anjana Jain (Designation: Additional Non- Executive Director)


Objectives of the Issue:

  • Funding Long Term Working Capital Requirements.
  • Funding Expenditure for General Corporate Purposes.


Peer Group Comparison:

We believe that there is no other listed company which is specifically comparable to Silgo Retail Ltd w.r.t. business i.e. designing, manufacturing, retailing and wholesaling of silver jewellery.


Financials of the Company:

(in Crores) FY 17 FY 18
Revenue 4.97 16.46
Net Profit 0.18 0.95


IPO Details:

Details Info
Issue Opens on 27th September 2018
Issue Closes on:. 3rd October 2018
Issue Price Rs.36
Face Value Rs.10
Minimum Lot 3000 Shares
Minimum Investment Rs.1,08,000
Issue Constitutes 26.77%
Issue Size Rs.4.88 cr
Market Cap Rs.18.233 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 13,56,000
Equity Shares Prior to the Issue 37,10,000
Equity Shares after the Issue 50,66,000


Important Dates:

Finalization of Basis of Allotment on or Before 8th October 2018
Initiation of Refunds on or Before 9th October 2018
Credit of Equity Shares: on or Before 10th October 2018
Listing Date: on or Before 11th October 2018


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
4.22 8.53 83.30% 17.01


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Company Contact Info:
Silgo Retail Ltd
B-11, Mahalaxmi Nagar,
Jawahar Lal Nehru Marg,
Jaipur, Rajasthan- 302 017.
Tel No: +91-0141-4919655


IPO Registrar Info:
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059
Tel No.: +91 – 22 – 6263 8200;
Fax No.: +91 – 22 – 6263 8299;


Lead Manager to the Issue:
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Tel No.: +91 – 22 – 6216 6999
Fax No.: +91 – 22 – 2263 0434