The Silgo Retail Limited date has been confirmed from February 28, 2024 – March 12, 2024.
Silgo Retail Limited Developers IPO is a fixed issue size of ₹25.68 Crores. The company specialises on silver jewellery. The product line comprises bracelets, necklaces, rings, earrings, jhumki, bangles, and custom jewellery. All of the company’s jewellery is made from 925 sterling silver. The company also sells traditional, Indian, western, and modern styles, as well as silver jewellery. The items specialise in silver jewellery and bear the BIS hallmark.
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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, founded in 2016, specialises in the design, manufacture, wholesale, and retail of silver jewellery. The company also deals with gemstones. The company specialises on silver jewellery. The product line comprises bracelets, necklaces, rings, earrings, jhumki, bangles, and custom jewellery. All of the company’s jewellery is made from 925 sterling silver. The company also sells traditional, Indian, western, and modern styles, as well as silver jewellery. The items specialise in silver jewellery and bear the BIS hallmark.
The company provides a diverse selection of silver jewellery for special occasions such as weddings and festivals, as well as everyday jewellery for all age groups, genders, and price points. The company’s production facility is in Jaipur. Silgo runs the “Dyuti” programme, which promotes business among women in the region. As of September 30, 2023, the company has 20 workers, 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:
The Net Proceeds from the Issue are proposed to be utilized by our Company for the objects set out below:
- Repayment in full of unsecured loan availed from one of the Promoters, Mr. Nitin Jain;
- Repayment/ Pre-payment of certain secured loan availed from lender of the company either in part or full;
- To augment the existing and incremental working capital requirement of the company; and
- General corporate purposes.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | rightsissue@bigshargonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Silgo Retail Limited |
| Phone number | + 917055570555 |
| Email ID | info@silgo.in |
| Website | silgo.in |
IPO Strenghts
- 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.
