About the Company:
Sona Hi Sona Jewellers Ltd is into Job Work and Trading Business of Gold Jewellery and Ornaments.
Company runs its operation from Millenium Plaza, Vastrapur, Ahmedabad, a market known for bullion and Jewellery and is operating from the same Registered office since incorporation.
Company has three brands (i) Sona Hi Sona (ii) Freya and (iii) Jinansh of which company mainly operates through its two known brands*, viz., Freya and Jinansh.
Under Brand Freya, company deals in antique Jewellery & ornaments and under Brand Jinansh, we deal with American Diamond (AD) Jewellery, therein.
Company’s Product Collection list includes Gold Jewellery with or without studded precious and semi-precious stones.
Company also deals in wholesale trading of branded Jewellery and in Real Diamond and Silver Jewellery and Ornaments.
Management Team:
- Mr. Vijay Shah (Designation: Chairman and Managing Director)
- Mrs. Alpaben Shah (Designation: Whole Time Director and Chief Financial Officer)
Objectives of the Issue:
- Meeting incremental working capital requirements.
- General corporate purposes
Financials of the Company:
| (in Crores) | FY 17 | FY 18 | FY 19 |
|---|---|---|---|
| Revenue | 54.48 | 59.03 | 67.17 |
| Net Profit | 0.06 | 0.18 | 0.38 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | RoNW | NAV |
|---|---|---|---|---|
| Sona Hi Sona Jewellers (Gujarat) Ltd | 10 | 0.53 | 3.98% | 13.41 |
| Ashapuri Gold Ornament Ltd | 10 | 0.24 | 0.85% | 21.07 |
| Palm Jewels Ltd | 10 | 0.12 | 0.64% | 18.65 |
| Shubhlaxmi Jewel Art Ltd | 10 | 1.5 | 7.95% | 15.21 |
| D.P. Abhushan Ltd | 10 | 5.3 | 22.30% | 23.76 |
| Moksh Ornaments Ltd | 10 | 4.47 | 15.67% | 28.53 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 30th September 2019 |
| Issue Closes on:. | 4th October 2019 |
| Issue Price | Rs.10 |
| Face Value | Rs.10 |
| Minimum Lot | 10,000 |
| Minimum Investment | Rs.1,00,000 |
| Issue Constitutes | 26.81% |
| Issue Size | Rs.4.5 cr |
| Market Cap | Rs.16.78 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 45,00,000 |
| Equity Shares Prior to the Issue | 1,22,85,350 |
| Equity Shares after the Issue | 1,67,85,350 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|
| 0.53 | 3.98 | 13.41 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
| Company Contact Info: |
|---|
| Sona Hi Sona Jewellers (Gujarat) Limited 7, Millenium Plaza, Opp. Swaminarayan Mandir, Mansi Cross Road, Vastrapur, Ahmedabad – 380013, Gujarat, India Telephone No.: +91 85111 91111 Email id: cs@sonahisona.com Website: www.sonahisona.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West) Mumbai 400083, Maharashtra, India. Tel No: 022 – 4918 6200 Email id: sonahisona.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
|---|
| FEDEX SECURITIES PRIVATE LIMITED 305, Enterprise Centre, Nehru Road, Vile Parle (East), Mumbai- 400099, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in |
