The Silgo Retail Limited date has been confirmed from February 28, 2024 – March 12, 2024.
Silgo Retail Limited IPO has a fixed issue size of ₹25.68 crores. The business enterprise specialises in silver jewellery. Its product line comprises bracelets, necklaces, rings, jhumki, bangles, and custom jewellery. All of the organisation’s jewellery is made from 925 sterling silver. The employer additionally sells conventional, Indian, Western, and modern-day varieties of silver jewellery. The goods bear the BIS hallmark.
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Key Details Of Silgo Retail Limited Rights Issue:
Bidding Dates
Feb 28-Mar 12
Issue Size
₹25.68 Crores
Face Value
₹10 per share
Record Date
February 22, 2024
Silgo Retail Limited IPO GMP
The Silgo Retail Limited Record Date is February 22, 2024.
IPO Overview
Silgo Retail Limited, established in 2016, is focused on the design, production, distribution, and retailing of silver jewellery. It also offers jewels. The company specialises in silver jewellery. Its product range includes jhumki, bangles, earrings, rings, bracelets, necklaces, and personalised jewellery. All its jewellery is made using 925 sterling silver. Furthermore, the company provides silver jewellery in Western traditional Indian and modern forms. The products are marked with the BIS hallmark and specialise in silver jewellery.
The company offers a variety of silver jewellery for special occasions such as weddings and festivals and everyday jewellery for people of different ages, genders, and income levels. Its manufacturing facility is in Jaipur. Silgo oversees the “Dyuti” program, which promotes entrepreneurship among women in the region. By September 30, 2023, the company had 20 employees, including the Executive Directors and KMP.
Silgo Retail Limited Rights Issue Detail
| Issue Open | February 28, 2024 – March 12, 2024 |
| Security Name | Silgo Retail Limited |
| Issue Size (Shares) | 10,270,000 |
| Issue Size (Amount) | ₹25.68 Crores |
| Issue Price | ₹25 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The entire amount of the Issue Price of ₹ 25/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Silgo Retail Limited Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 52.11 | 51.19 | 45.16 |
| Revenue | 34.68 | 35.14 | 31.90 |
| Profit After Tax | 2.35 | 2.31 | 2.20 |
| Amount in ₹ Crore | |||
Silgo Retail Limited IPO Timeline
| Last Date to buy shares | February 21, 2024 |
| Record Date | February 22, 2024 |
| Credit of Rights Entitlements | February 23, 2024 |
| Bid/Offer Opens On | February 28, 2024 |
| Renunciation of Rights Entitlements | March 8, 2024 |
| Bid/Offer Closes On | March 12, 2024 |
| Deemed Date of Allotment | March 20, 2024 |
| Credit Date | March 20, 2024 |
| Listing Date | March 26, 2024 |
Company Profile
Objects of the Issue:
It is suggested that our company use the Net Proceeds from the Issue for the following purposes:
- Repayment in full of unsecured loan availed from one of the Promoters, Mr. Nitin Jain;
- Repayment/ Pre-payment of specific secured loan availed from lender of the company either in part or complete;
- To increase the company’s current and future working capital needs and
- General corporate purposes.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Silgo Retail Limited |
| Phone number | + 917055570555 |
| Email ID | [email protected] |
| Website | silgo.in |
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.
Silgo Retail Limited IPO FAQs
What is the issue price for Silgo Retail Rights Issue 2024?
Silgo Retail Rights Issue 2024 price is set at ₹25 per share per equity share.
In what ratio is the Silgo Retail Rights Issue 2024 offered?
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (February 22, 2024).
What is the record date for Silgo Retail Rights Issue 2024?
The record date for the Silgo Retail Rights Issue 2024 is February 22, 2024.
What is the issue size of Silgo Retail Rights Issue 2024?
The issue size of Silgo Retail Rights Issue 2024 is of 10,270,000 equity shares at ₹25 per share aggregating upto ₹25.68 Crores.
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