Sona Hi Sona Jewellers (Gujarat) Ltd: Sona Hi Sona IPO Detail

Sona Hi Sona Jewellers (Gujarat) Ltd: Sona Hi Sona IPO Detail

Sona Hi Sona Upcoming IPO

Sona Hi Sona Jewellers Limited incorporated in 2001. The company engaged in the trading business of jewelry & ornaments. It plans to list their shares at the national stock exchange. Sona Hi Sona IPO will open for subscription on September 30, 2019. 

Sona Hi Sona IPO Details

 Issue Open  Sep 30, 2019 – Oct 4, 2019
 Issue Type  Fixed Price Issue IPO
 Issue Size  4,500,000 Eq Shares of Rs 10
(aggregating up to Rs 4.50 Cr)
 Face Value  Rs 10 Per Equity Share
 Issue Price  Rs 10 Per Equity Share
 Market Lot  10000 Shares
 Min Order Quantity  10000 Shares
 Listing At  NSE SME

The size of the issue is 45,00,000 equity shares aggregating up to Rs 4.50cr. It is a fixed price type of issue. The minimum order quality of the IPO is 1000 shares and a Market lot is 1000 shares. 

Sona Hi Sona IPO price is set at ₹10 per equity share. It will close for subscription on Oct 4, 2019, at 5 PM on. Note that most brokers stop accepting applications between 1 PM to 3 PM. The offer proposed to be listed on NSE SME.  As of the source, the IPO will lead manage by FedEx Securities Limited. 

Objects Of Sona Hi Sona IPO

The Company proposes to utilize the Net Proceeds from the issue towards

1. Meeting incremental working capital requirements
2. General corporate purposes

Promoter Holding

 Pre Issue Share Holding  100%
 Post Issue Share Holding  73.19%

IPO Subscription Status

 Day  Date  NII  RII  Total
 1  Sep 30, 2019 18:15  0.12x  0.01x  0.06x
 2  Oct 1, 2019, 18:30  1.00x  0.05x  0.53x
 3  Oct 3, 2019  1.23x  0.10x  0.67x
 4  Oct 4, 2019  1.74x  0.58x  1.16x

Listing Details

 Listing Date  Tuesday, October 15, 2019
 Listing In   ST
 ISIN  INE06MH0106
 Issue  Rs 10 Per Equity

Listing Day Trading informatoin

  Listing At  NSE SME
 Issue Price   Rs 10
 Open  11.15rs
 Low  Rs 10.60
 High  Rs 11.40
 Last Trade  11.40rs
 Volume  140,000 shares

IPO Prospectus

Draft Prospectus

Red Herring Prospectus

Registrar of IPO

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: [email protected]

Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.

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One Comment

  • […] Sona Hi Sona Limited company aims to extend its operational effectiveness and efficiencies to achieve cost reductions including overheads. It also focuses on the highest quality standards of the jewelry ornaments. The firm believes that the quality and purity of the jewelry is more important in the view of customers. Offering aspired quality and purity in jewelry helps to increase brand value and maintaining long term relationships with customers. […]

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