The Sanghvi Brands IPO date has been confirmed from November 10, 2017 and ended on November 14, 2017. Read the post to learn about Sanghvi Brands IPO GMP.
Using an IPO, Sanghvi Brands is seeking to raise Rs 18.96 crore. Its price is ₹69 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Sanghvi Brands IPO
Bidding Dates
November 10-14
Price Range
₹69 per share
Face Value
₹10 per share
GMP
₹25.00
Sanghvi Brands IPO GMP
The Sanghvi Brands Limited IPO GMP is ₹25.00.
Sanghvi Brands IPO Overview
Sanghvi Brands initial public offering (IPO) is priced at Rs 18.96 crores. The IPO auction for Sanghvi Brands began on November 10, 2017 and closed on November 14, 2017. On November 22, 2017, the shares were listed on the BSE SME. The IPO price for Sanghvi Brands is $69 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $180,000.
It has collaborated with The Ritz-Carlton, JW Marriott Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, real estate developers Lodha, IREO, K Raheja Corp, and others.
Sanghvi Brands IPO Details
| IPO Date | November 10, 2017 to November 14, 2017 |
| Listing Date | November 22, 2017 |
| Face Value | ₹10 per share |
| Price | ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,748,000 shares (aggregating up to ₹18.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Sanghvi Brands IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹138,000 |
| Retail (Max) | 1 | 2000 | ₹138,000 |
Sanghvi Brands IPO Listing Details
| Listing Date | November 22, 2017 |
| BSE Script Code | 540782 |
| NSE Symbol | |
| ISIN | INE204Y01010 |
| Final Issue Price | ₹69 per share |
Company Profile
Sanghvi Brands Ltd (SBL) was founded in 2010 and manages and operates luxury spa, beauty, wellness and fitness brands. It is one of India’s largest spa and wellness operators, with licence rights to operate premium international brands such as Spa by Clarins, Spa by L Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon and Ramona Braganza’s 3-2-1 Fitness programme. They are also the sole distributor of Noveau Lashes in India, promoting, marketing, and selling these items. They presently run 19 Spa/Salons around the
world, with additional 9 Salons/Spas in the works.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sanghvi Brands Ltd |
| Phone number | 020730533084 |
| Email ID | [email protected] |
| Website | sanghvibrands.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.
Sanghvi Brands IPO FAQs
When Sanghvi Brands IPO will open?
The Sanghvi Brands IPO opens on November 10, 2017 and closes on November 14, 2017.
What is the lot size of Sanghvi Brands IPO?
Sanghvi Brands IPO lot size is 2000 Shares, and the minimum amount required is ₹138,000.
When is Sanghvi Brands IPO listing date?
The Sanghvi Brands IPO listing date is on November 22, 2017.
Leave a Reply