About the Company:
Penta Gold Ltd is a retailer, wholesaler and exporter of gold jewellery.they have a retail outlet in Mumbai. Company also export the products (gold jewellery studded with diamond) to overseas buyers.They also sell their products to wholesalers domestically.
They primarily sell gold jewellery i.e. Chains, Rings, Bangles, Necklace, Mangalsutra, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds, American diamonds and other precious stones.
Further, they also have product line of antique and kundan Jewellery. Further, they also have variety of Italian jewellery products which is famous for its machine designs and light weighted jewellery.
Over the last five years, Company’s production team has developed a portfolio, which enables them to provide a range of choices to their customers. They offer their customers a wide range of Jewellery in order to cater to regional as well as international tastes.
Company offers Jewellery across different price ranges from low to high to cater on large scale customer base.
They outsource manufacturing of jewellery to various domestic corporate, local artisans and craftsmen.
Company also export their products which constitute more than 30.49%, 22.23% and 22.81% for the 6 months period ended September 30, 2017; FY 2015-16 and FY 2016-17 respectively.
Company’s products are primarily exported to countries such as the U.A.E and USA. They have received the registration as “One Star Export House” from Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India.
Company was awarded the India SME 100 Award for being SME Achievers of FY 2015-16 for scoring in the Top 100 among 41832 nominations by India SME Forum in the overall evaluation of financial and non financial parameters.
Management Team:
- Mr. Ketan M. Shroff (Designation: Managing Director)
- Ms. Dipti Ketan Shroff (Designation: Non Executive Director)
- Mr. Dilip Rajkumar Patodia (Designation Independent Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Ketan M. Shroff | 39,36,500 | 9.59 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Ketan M. Shroff | 99.85% | 73.52% |
| Promoters Group Entities | 0.15% | 0.11% |
| Total | 100% | 73.63% |
Objectives of the Issue:
- Augmenting additional working capital requirements.
- General Corporate Purpose.
- Meeting Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Augmenting additional working capital requirements | 11.00 |
| General Corporate Expenses | 1.87 |
| Net Proceeds | 12.87 crores |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | FY 17 |
|---|---|---|---|---|---|---|
| Revenue | 274.30 | 838.26 | 250.01 | 244.91 | 237.57 | 110.47 |
| Net Profit | 0.57 | 1.38 | 1.58 | 1.77 | 1.68 | 1.30 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Penta Gold Limited | 10 | 1.85 | 20 | 10.70% | 17.26 |
| Vaibhav Global Ltd | 10 | 11.9 | 56.5 | 4.9% | 153.3 |
| Renaissance Jewellery Ltd | 10 | 17.1 | 29.6 | 7.3% | 234.2 |
| DP Abhushan Ltd | 10 | 2.2 | 29.8 | 25.6% | 14.8 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 23rd March 2018 |
| Issue Closes on:. | 27th March 2018 |
| Issue Price | Rs.37 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,11,000 |
| Issue Constitutes | 28.29% |
| Issue Size | Rs.13.32 cr |
| Market Cap | Rs.47.08 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 36,00,000 |
| Equity Shares Prior to the Issue | 91,25,000 |
| Equity Shares after the Issue | 1,27,25,000 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 06:00 PM) | Shares Offered | Day-1 | Day-2 | Day-3 |
|---|---|---|---|---|
| HNI | 17,10,000 | 0.00 | 0.105 | 1.02 |
| Retail | 17,10,000 | 0.001 | 0.012 | 0.163 |
| Others | 1,80,000 | 0.00 | 0.00 | 0.00 |
| Employee | ——— | —- | —– | —– |
| TOTAL | 36,00,000 | 0.00 | 0.05 | 0.56 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.85 | 20 | 10.70% | 17.26 |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below link)http://kosmic.karvy.com:81/ipotrack/ |
| Company Contact Info: |
|---|
| PENTA GOLD LIMITED 2224, Manek Chowk, Opp. Old Share Bazar, Ahmedabad-380 001, Gujarat, India Tel: +91 79 2215 3555 Fax: +91 79 2215 3555 E-mail: info@pentagold.in Website: www.pentagold.in |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Finacial District, Nanakramguda, Hyderabad-500032, Telangana, India Tel No:+91 40 – 6716 2222 E-mail:einward.ris@karvy.com Investor Email: pentagold.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED 2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End) Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra, India Tel No: +91 22 4075 1500; Email: sme.ipo@inventuremerchantbanker.com Investor Email: redressal@inventuremerchantbanker.com Website: www.inventuremerchantbanker.com |
