Penta Gold Ltd IPO is about to debut on 04 September 2017, with an issue size of 11.44CR. Established in 2012, Penta Gold Ltd (PGL) is primarily involved in the wholesale distribution of jewelry, precious stones and metals, costume jewelry, watches, clocks, and silverware. The company operates a retail outlet in Mumbai, India. PGL exports gold jewelry studded with diamonds to overseas buyers and sells to domestic wholesalers. Their product portfolio includes gold jewelry such as chains, rings, bangles, necklaces, mangalsutras, bracelets, earrings, and other jewelry studded or non-studded with pearls, diamonds, American diamonds, and other precious stones. Additionally, PGL offers a line of antique and Kundan jewelry and a variety of Italian jewelry products renowned for their machine designs and lightweight construction.
PGL procures gold from various banks and also sources gold and precious stones from local markets. The company provides customized jewelry to meet individual needs and outsources jewelry manufacturing to various domestic corporate entities, local artisans, and craftsmen. PGL supplies raw materials to job workers who manufacture the jewelry according to the size and design of the order, with a lead time of 7 to 10 days.
Industry Overview
India has been recognized as the fastest-growing major economy in the world with an expected growth rate of 7.1% in FY 2016-17, which is forecasted to increase to 7.5% in FY 2017-18. The Indian government’s reforms and RBI’s inflation focus have contributed to this growth, while Moody’s has affirmed the Government of India’s Baa3 rating with a positive outlook. The country’s consumer confidence index has topped the global list, and its GDP grew by 7% YoY in Q4 2016. Tax collection figures also indicate a steady healthy growth trend, while corporate earnings are expected to grow by over 20% in FY 2017-18.
Penta Gold Limited IPO Details
| IPO Date | Sep 4, 2017 to Sep 6, 2017 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,268,000 shares(aggregating up to ₹11.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | |
| Total revenue | 274.3 | 838.3 | 250.0 | 244.9 | 237.6 | 110.5 |
| Total expenses | 273.0 | 834.5 | 244.6 | 238.4 | 230.6 | 106.4 |
| Profit after tax | 0.6 | 1.4 | 1.6 | 1.8 | 1.7 | 1.3 |
Objects of the Issue
The objects of the Issue are:
1. Augmenting additional working capital requirements;
2. Meeting Issue Expenses.
Penta Gold Limited IPO Prospectus
Company Contact Information
Penta Gold Ltd
2224 Manek Chowk,
Opp. Old Share Bazar,
Ahmedabad – 380001
Phone: + 91-79-22153555
Email: info@pentagold.in
Website: http://www.pentagold.in
Penta Gold Limited IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pentagold.ipo@karvy.com
Website: https://karisma.kfintech.com/
Penta Gold Limited IPO Lead Manager(s)
- Inventure Merchant Banker Services Pvt Ltd (Past IPO Performance)
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