Sonam Clock IPO is set to make its debut on 1 June 18 with 10.11 Cr is a third-party logistics solutions provider
Sonam Clock IPO – overview
| IPO Dates | 1-6 June 18 |
| IPO Price | INR 36 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,808,000 shares (INR 10.11 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 2001, Gujarat based Sonam Clock Limited is a company engaged in clock manufacturing. The company offers a wide range of table and wall clocks at various price points across the budget, mid-level and premium styles. As on February’18, it is offering 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.
Sonam also offers customized corporate clocks in bulk quantities for corporate gifting purposes. The products are sold mainly to clock dealers, retailers, corporates, gift and novelties stores, through which it reaches the end-consumers. The products are sold under the brand name of Sonam, ampm, and Lotus. In F.Y. 2016-17, the net revenue from operations comprised of Rs. 3792.85 lakhs of with approximately 40% comprised of export sales to Middle – East countries such as Dubai and Iraq. The company’s Manufacturing facility is in Morbi, Gujarat and has at present an installed production capacity of approximately 72 lakhs p.a. for clocks and 240 lakhs p.a. for clock movements. It is also engaged in the sale of clock parts which include clock movements, clock cases etc.
The Company has employed 304 permanent full-time employees (including senior Management) at various levels of the Organization.
Objects of the Issue
1 Funding the Working Capital Requirements of the Company
2. Repayment of Unsecured Loan availed by the Company
3. General Corporate Expenses
4. Issue Expenses
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 3,493.92 | 3,416.94 | 2,852.49 |
| Total Revenue | 3,903.16 | 3,682.35 | 3,405.67 |
| Profit After Tax | 80.70 | 268.11 | 40.99 |
Company Contact Information
Sonam Clock Limited
: Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara,
District Morbi – Gujarat – 363641, India
Phone: +91-2822-285017
Email: info@sonamquartz.com
Website: http://www.sonamquartz.com/
Sonam Clock IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Sonam Clock IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
