About the Company:
Sky Gold Limited is engaged in the business of designing, manufacturing and marketing of Gold jewelleries since its incorporation.
Company mainly deals in 22 Karat gold jewellery, offering a wide variety of designs to suit preferences of the end customer.
Company also provide an extensive range of designs and also use studded American diamonds and / or coloured stones in many of their jewellery products.
Currently, they cater to a large number of wholesalers, showrooms and retailers who buy their products in bulk quantities.
They offer a wide range of products from gold jewellery for special occasions such as weddings and festivals to daily wear jewellery for all ages, genders and across various price points.
They operate from a 2,740 sq. ft. sole manufacturing facility which is located in the heart of Mumbai city in Mulund (West).Besides, various clients in Mumbai and nearby areas, they also cater to various jewellery brands.
Company has also set-up sales offices in Kerala and Telangana to offer better concentration and service in Southern regions of India. They have also recently begun export operations which are handled by their Mumbai sales office.
Company has recently started exporting their products to Gulf Countries like UAE and Oman.
Proposed Capacity Utilization:
Management Team:
- Mr. Mangesh Chauhan (Designation: Managing Director & Chief Financial Officer)
- Mr. Mahendra Chauhan (Designation: Whole-time Director)
- Mr. Darshan Chauhan (Designation: Whole-time Director)
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 96.24 | 127.77 | 183.31 | 164.41 | 548.89 |
| Net Profit | 0.63 | 0.82 | 0.94 | 0.93 | 2.62 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Sky Gold Limited | 10 | 6.65 | 27.07 | 19.48% | 34.11 |
| Patdiam Jewellery Ltd | 10 | 2.28 | 36.95 | 2.95% | 67.39 |
| Kenvi Jewellery Ltd | 10 | 0.18 | 110.53 | 6.54% | 15.82 |
| Renaissance Jewellery Ltd | 10 | 16.19 | 19.22 | 0.70% | 235.02 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 18th August 2018 |
| Issue Closes on:. | 21st August 2018 |
| Issue Price | Rs.180 |
| Face Value | Rs.10 |
| Minimum Lot | 800 Shares |
| Minimum Investment | Rs.1,44,000 |
| Issue Constitutes | 26.43% |
| Issue Size | Rs.25.56 cr |
| Market Cap | Rs.96.69 cr |
| Listing at | BSE SME |
| Equity Shares Offered (fresh) | 14,20,000 |
| Equity Shares Prior to the Issue | 39,51,940 |
| Equity Shares after the Issue | 53,71,940 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 26th September 2018 |
| Initiation of Refunds | on or Before 27th September 2018 |
| Credit of Equity Shares: | on or Before 28th September 2018 |
| Listing Date: | on or Before 1st October 2018 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.65 | 27.07 | 19.48% | 34.11 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Sky Gold Limited Gala no. 101, 102, 103, 1st Floor, Raja Industrial Estate, Sarvoday Nagar, Jain Mandir Road, Mulund (West), Mumbai – 400 080 Tel No: +91 – 22 – 2593 9399 / 2592 9299 Email: info@skygold.in Website: www.skygold.in |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083 Tel: +91 – 22 – 4918 6200 Fax: +91 – 22 – 4918 6195 Email: skygold.ipo@linkintime.co.in Investor Grievance Email: skygold.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| ARYAMAN FINANCIAL SERVICES LIMITED 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 Email: ipo@afsl.co.in Website: www.afsl.co.in |
