The Sonam Clock date has been confirmed from June 1, 2018 and ended on June 6, 2018. Read the post to learn about Sonam Clock IPO GMP.
Sonam Clock Developers IPO is a fixed price issue of Rs 10.11 crores. The price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
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Key Details Of Sonam Clock IPO
Bidding Dates
June 1-6
Price Range
₹36 per share
Face Value
₹10 per share
GMP
₹73.50
Sonam Clock IPO GMP
The Sonam Clock IPO GMP Today is ₹73.50.
Sonam Clock IPO Overview
The Sonam Clock IPO has a fixed price of Rs 10.11 crores. The Sonam Clock IPO auction began on June 1, 2018 and concluded on June 6, 2018. On June 14, 2018, the shares were listed on the NSE SME. The IPO price for Sonam Clock is 36 per share. Sonam Clock IPO GMP Today is ₹73.50. A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
The company’s manufacturing facility is in Morbi, Gujarat, and it currently has an established production capacity of 72 lakhs p.a. for clocks and 240 lakhs p.a. for clock movements. It is also involved in the sale of clock parts such as clock movements and clock casings. At various levels of the Organisation, the Company employs 304 permanent full-time employees (including senior management).
Sonam Clock IPO Details
| IPO Date | June 1, 2018 to June 6, 2018 |
| Listing Date | June 14, 2018 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,808,000 shares (aggregating up to ₹10.11 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 144,000 shares |
Sonam Clock Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 3,493.92 | 3,416.94 | 2,852.49 | 3,007.50 | 2,713.59 | |
| Total Revenue | 3,903.16 | 3,682.35 | 3,405.67 | 3,355.35 | 3,371.47 | |
| Profit After Tax | 80.70 | 268.11 | 40.99 | 57.52 | 45.53 | |
Sonam Clock IPO Listing Details
| Listing Date | June 14, 2018 |
| BSE Script Code | |
| NSE Symbol | SONAMLTD |
| ISIN | INE00LM01011 |
| Final Issue Price | ₹36 per share |
Company Profile
Sonam Clock Limited, situated in Gujarat, was founded in 2001 and specialises in clock production. The company sells a variety of table and wall clocks at various price points, including budget, mid-level, and premium models. LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, revolving pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks, and normal clocks are all available as of February 2018. Sonam also provides personalised corporate clocks in huge quantities for business gifting. The
items are mostly sold to clock dealers, merchants, corporates, gift and novelty stores, and end-consumers. Sonam, ampm, and Lotus are the brands under which the products are offered. In fiscal year 2016-17, net revenue from operations was Rs. 3792.85 lakhs, with nearly 40% coming from export sales to Middle Eastern nations such as Dubai and Iraq.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sonam Clock Limited |
| Phone number | +91-2822-285017 |
| Email ID | [email protected] |
| Website | sonamquartz.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Sonam Clock IPO FAQs
When Sonam Clock IPO will open?
The Sonam Clock IPO opens on June 1, 2018 and closes on June 6, 2018.
What is the lot size of Sonam Clock IPO?
Sonam Clock IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
When is Sonam Clock IPO allotment?
The finalization of Basis of Allotment for Sonam Clock IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Sonam Clock IPO listing date?
The Sonam Clock IPO listing date is on June 14, 2018.
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