Penta Gold IPO

Penta Gold IPO

Penta Gold is a retailer, wholesaler and exporter of gold jewellery. We have a retail outlet in Mumbai. We also export our products (gold jewellery studded with diamond) to overseas buyers. We also sell our products to wholesalers domestically. Our Company was awarded the India SME 100 Award for being SME Achievers of FY 2015-16 for scoring in the Top 100 among 41832 nominations by India SME Forum in the overall evaluation of financial and non financial parameters.

We primarily sell gold jewellery i.e. Chains, Rings, Bangles, Necklace, Mangalsutra, Bracelet, Earrings and other jewellery studded or non-studded with pearls, diamonds, American diamonds and other precious stones. Further, we also have product line of antique and kundan Jewellery. Further, we also have variety of Italian jewellery products which is famous for its machine designs and light weighted jewellery.

We also exports our products which constitute more than 22.23% and 22.81% for the FY 2015-16 and FY 2016-17 respectively. Our products are primarily exported to countries such as the U.A.E and USA. We have received the registration as “One Star Export House” from Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India.

Promoters of Penta Gold – Ketan M. Shroff

Penta Gold IPO details

Subscription Dates 4 - 6 September 2017
IPO Price band INR35 per share
Fresh issue 3,268,000 shares (INR11.44 crore)
Offer for sale Nil
Total IPO size 3,268,000 shares (INR11.44 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Penta Gold's financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 274.3 838.3 250.0 244.9 237.6
Total expenses 272.9 834.5 244.6 238.4 230.6
Profit after tax 0.6 1.4 1.6 1.8 1.7

Penta Gold Limited
30, 1st Floor, Champa Gully,
Zaveri Bazar,
Mumbai – 400 002

Phone: +91 22 2240 2255
Email: [email protected]
Website: www.pentagold.in

Day

Subscription (no. of times)

Day 1 0.06
Day 2 0.18
Day 3 1.12

 

Earnings Per Share (EPS): INR1.85

Price/Earnings (P/E) ratio: 18.95

Return on Net Worth (RONW): 10.7%

Net Asset Value (NAV): INR17.26 per share

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

Penta Gold IPO allotment status will be available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 4 September 2017

IPO Closing Date: 6 September 2017

Listing Date: To be updated

Listing Price on NSE SME: To be updated

Closing Price on NSE SME: To be updated

Penta Gold IPO
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One thought on “Penta Gold IPO

  • September 3, 2017 at 12:03 AM
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    Fundamentally investing in this company does not make financial sense, this company has very slim profit margins and Bullion industry is highly unregulated and is a haven for black money hoarders and generates a lot of cash. The promoter and Director is also a defaulter with banks at his previous company Royal Refinery. Given the dubious fundamentals, low profit margins and questionable conduct of directors, investors are advised to stay away from this IPO

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