Sky Gold limited

Sky Gold

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:

proposed capacity utilization



Management Team:

  1. Mr. Mangesh Chauhan (Designation: Managing Director & Chief Financial Officer)
  2. Mr. Mahendra Chauhan (Designation: Whole-time Director)
  3. 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


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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


IPO Registrar Info:
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
Investor Grievance Email:


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