Sanghvi Brands Ltd (SBL) is a company that manages and operates luxury spa, beauty, wellness, and fitness brands. They are one of the largest spa and wellness operators in India, incorporated in 2010. The company holds license rights to operate various premium international brands such as Spa by Clarins, Spa by L’Occitane, Elle Spas & Salons, Warren Tricomi Salon & Spa, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganza’s 3-2-1 Fitness programme. They also hold the sole distributorship of Noveau Lashes for the territory of India, promoting and selling these products.
SBL currently operates 19 spa/salons globally, and another nine salons/spas are under development. The company has partnered with several prestigious names such as The Ritz Carlton San Francisco, JW Marriot Mussoorie, Raichak Hotel in Kolkata, Khyber Resorts in Himalayas, Jammu & Kashmir, realty developers Lodha, IREO, K Raheja Corp, and more. SBL’s focus on luxury spa, beauty, wellness, and fitness services, coupled with its partnerships with prominent hotels and real estate developers, has allowed it to establish a strong presence in the industry.
Sanghvi Brands IPO Details
| IPO Date | Nov 10, 2017 to Nov 14, 2017 |
| Listing Date | Nov 22, 2017 |
| Face Value | ₹10 per share |
| Price | ₹69 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,748,000 shares (aggregating up to ₹18.96 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Sanghvi Brands IPO Listing Details
| Listing Date | Nov 22, 2017 |
| BSE Script Code | 540782 |
| NSE Symbol | |
| ISIN | INE204Y01010 |
| Final Issue Price | ₹69 per share |
Industry Overview
According to a report by Grand View Research, the global spa market size was valued at USD 85.1 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027. The report also suggests that the increasing demand for wellness services, such as spa therapies, beauty treatments, and fitness programs, is expected to drive the growth of this industry.
In India, the spa and wellness industry has also seen significant growth in recent years. According to a report by the Confederation of Indian Industry (CII), the wellness services market in India is expected to grow at a CAGR of 12% over the next five years, driven by factors such as rising disposable incomes, growing health consciousness, and increasing urbanization.
Company Financials
| Company financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | Q1 FY2018 | |
| Total revenue | 156.5 | 558.0 | 995.7 | 1,505.7 | 2,670.1 | 669.5 |
| Total expenses | 198.2 | 564.7 | 992.3 | 1,591.0 | 2,642.6 | 679.8 |
| Profit after tax | -41.7 | -9.6 | 8.3 | -85.9 | 11.6 | -27.6 |
Objects of the Issue
The objects of the Issue are:
1. Business Expansion
a) Expanding outlets/ distribution of current brand portfolio in India and overseas
b) Acquisitions and development of new brands
2. Marketing and Sales promotion of the brands in their portfolio
3. Strategic Investments for business growth
4. General Corporate Purpose
5. Issue Expenses.
Sanghvi Brands IPO Prospectus
Company Contact Information
Sanghvi Brands Ltd
Sanghvi House,
105/2 Shivaji Nagar,
Pune – 411005
Phone: 020730533084
Email: Investor@sanghvibrands.com
Website: http://www.sanghvibrands.com
Sanghvi Brands IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Sanghvi Brands IPO Lead Manager(s)
- Sarthi Capital Advisors Private Limited (Past IPO Performance)
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