Wednesday, May 30, 2018

Sonam Clock IPO Dates, Price Band, Market Lot, Allotment & Subscription Details

Sonam Clock Ltd is incorporated in 2001 based in Gujarat. The company is a manufacturer of clocks. They have wide range of table and wall clocks. The company also offers LED digital clocks, LED clocks, light sensor clocks, pendulum clocks, music clocks, office clocks and designer clocks as well. They have budget, mid level and premium clocks in their product range. The company has over 300 full time employees. Sonam Clock ipo is starting from 1-June and ends on 6-June. The price band is around Rs.36 with 3000 market lot. The ipo size is around 10.11 crore rupees.

IPO Review:
  • Risky
Sonam Clock IPO Dates & Price Band:
  • IPO Open: 01-June-2018
  • IPO Close: 06-June-2018
  • IPO Size: Approx Rs 10.11 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.36 Per Equity Share
  • Listing on: NSE SME
  • Shares: 2,808,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 3,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,08,000
IPO Allotment & Listing:
  • Basis of Allotment: 12-June-2018
  • Refunds: 13-June-2018
  • Credit to demat accounts: 14-June-2018
  • Listing: 15-June-2018
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Financial Results:

  Rs. in Crore
Revenue Expense PAT
2013 33.7 30.2 0.5
2014 33.6 30.0 0.6
2015 34.1 30.5 0.4
2016 36.8 31.5 2.7
2017 39.0 34.6 0.8
2018 (9M) 38.6 33.3 2.3

Grey Market Premium:
  • The grey market is around Rs.N/A Subject to Sauda.
Sonam Clock IPO Subscription Status:
  • IPO Subscribed 2.30 times overall
Sonam Clock IPO Allotment Status:
Company Promoters:
  • Mr. Jayeshbhai Chhabildas Shah
  • Mrs. Deepaben Jayeshbhai Shah
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IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207

IPO Lead Managers:
  • Hem Securities Limited
Company Address:
Sonam Clock Limited
Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara,
District Morbi - Gujarat - 363641, India
Phone: +91-2822-285017
Fax: +91 2822 285987

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