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Sagar Diamonds IPO IPO

Mainline14 Sep 201718 Sep 2017
Open
14 Sep 2017
Close
18 Sep 2017
3
Allotment
Listing
Tue, Sep 26, 2017
Price Band
₹40 to ₹45
Issue Size
33,81,000 shares (agg. up to ₹15 Cr)
Lot Size
3,000 Shares
Listing Date
Tue, Sep 26, 2017
✦ AI Insight

Live Subscription

CategorySubscription (times)
Total9.19x

Restated Financials (₹ Cr.)

Period Ended20 Jun 201731 Mar 201731 Mar 2016
Assets41.4610.190.01
Total Income10.4510.00
Profit After Tax0.300.35-0.00
NET Worth21.580.360.01
Reserves and Surplus12.320.35-0.00
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Bhakti Gems & Jewellery Ltd.SME₹3.92 Cr₹20null₹20.05+0.25%₹30.43 (+4.89%)
Super Fine Knitters Ltd.SME₹4.08 Cr₹12null₹12.60+5.00%₹7.91 (+4.91%)
Veeram Ornaments Ltd.SME₹5.12 Cr₹45null₹46.00+2.22%₹10.08 (+0.00%)
Bindal Exports Ltd.SME₹2.00 Cr₹16null₹16.20+1.25%₹27.80 (+4.51%)
Radhika Jeweltech Ltd.SME₹49.50 Cr₹75null₹71.00-5.33%₹65.88 (-0.62%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To Meet working capital requirementTo Meet working capital requirement13.21
2Public issue expenses0.35
3General corporate purpose1.65

About Sagar Diamonds IPO

Incorporated in 2015, Sagar Diamonds Ltd is engaged in business of manufacturing and exporting of rough and polished diamonds. They are also engaged in the business of jewellery making and marketing. They sell a wide range of jewellery products including cut and polished diamond studded jewellery to diverse customer segments, from the value market to high-end customized jewellery. Their product range includes rings, chain, mangalsutra, earrings and necklaces, which are carefully handcrafted by skilled artisans.They have independent sales and distribution networks for their products. Most of their cut and polished diamonds are exported to diamond wholesalers and the jewellery manufacturers in the export markets. They procure diamond from suppliers at domestic and international market depending upon the needs and requirement.Company's manufacturing facility at their factory unit located in Sachin (S.E.Z), Gujarat having a total area of approximately 1,000 sq. ft. As on March 31, 2017, this facility had a capacity of Gold and Silver Jewellery of 35,000 gram per month.+ Read More

Contact Details

Sagar Diamonds Ltd. AddressUnit No 101 Plot No 193SEZDiamond Park SachinSurat, Gujarat, 394230+ 91-261-2397866cs@sagardiamonds.comVisit Website