Sonam Clock IPO

Sonam Clock IPOBusiness description - Sonam Clock is a clock manufacturing company situated in Morbi, Gujarat. The company offers a wide range of table and wall clocks at various price points across budget, mid-level and premium styles. It offers clocks from a price range of INR100 to INR1800 which includes LED digital clocks, LCD clocks, light sensor clocks, pendulum clocks, musical clocks, rotating pendulum musical clocks, sweep clocks, office clocks, designer clocks, alarm clocks, table clocks and regular clocks. The company also offers customized corporate clocks in bulk quantities for corporate gifting purpose. Its products are sold mainly to clock dealers, retailers, corporates, gifts and novelties stores, through which it reaches to end consumers. Its products are sold under the brand name of Sonam, ampm and Lotus. In FY 2016-17, its net revenue from operations comprised of INR3792.85 lakhs, of which approximately 40% comprised of export sales to Middle - East countries such as Dubai and Iraq. Its Manufacturing facility is located in Morbi, Gujarat.

Promoters of Sonam Clock – Mr Jayeshbhai Chhabildas Shah and Mrs Deepaben Jayeshbhai Shah
Sonam Clock IPO details
Subscription Dates1 - 6 June 2018
IPO Price bandINR36 per share
Fresh issue 2,808,000 shares (INR10.11 crore)
Offer for saleNil
Total IPO size2,808,000 shares (INR10.11 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform
Use of funds
  • Working capital requirements - INR5.1 crore
  • Repayment of unsecured loan - INR2 crore
  • General corporate purposes - INR2.33 crore
  • Issue expenses - INR0.68 crore
Sonam Clock's financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY20179M FY2018
Total revenue33.733.634.136.839.038.6
Total expenses30.230.030.531.534.633.3
Profit after tax0.50.60.42.70.82.3
Sonam Clock's Contact Details

Sonam Clock Limited
Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara
Morbi, Gujarat - 363641

Phone: +91 2822 285017
Email: [email protected]
Website: www.sonamquartz.com

 

Sonam Clock IPO Subscription Details
DaySubscription (no. of times)
Day 10.84
Day 21.05
Day 31.23
Day 42.29
Sonam Clock Valuation (Latest FY)

Earnings Per Share (EPS): INR1.12

Price/Earnings (P/E) ratio: 32.12

Return on Net Worth (RONW): 8.63%

Net Asset Value (NAV): INR12.98 per share

Registrar of Sonam Clock IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Sonam Clock IPO Allotment Status

Sonam Clock IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Sonam Clock

IPO Opening Date: 1 June 2018

IPO Closing Date: 6 June 2018

Listing Date: 14 June 2018

Listing Price on NSE SME: INR37 per share (up 2.78% from IPO price)

Closing Price on NSE SME: INR36.95 per share (up 2.63% from IPO price)

Leave a Reply

Your email address will not be published. Required fields are marked *