Sungold Media and Entertainment IPO is set to make its debut on 9th Aug 18 with 13.55 Crs a company engaged in the business of manufacturing/assembling LED TVs, LED monitors and Power Banks.
Sungold Media and Entertainment IPO – overview
| IPO Dates | 9-17 Aug 18 |
| IPO Price | INR 51 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 2,656,000 shares (INR 13.55 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
Incorporated in 2015, Delhi based Sungold Media and Entertainment nologies Limited is a company engaged in the business of manufacturing/assembling LED TVs, LED monitors and Power Banks.
Sungold Media and Entertainment nologies initially sold its products under the brand names of “Power eye” and “Lappy Master”. The company also used to make power banks for other brands.
In the year 2016-17, it got approval from Kodak and Polaroid to manufacturer mobile power banks and LED TVs respectively. The company is an authorized licensee for Kodak Power banks and Polaroid LED TVs and LED
Monitors in India.
As part of its focus to sell its products online, the company has recently tied-up with Appraio Retail Pvt. Ltd, a JV of Amazon Asia and Patni group as also with Flipkart India Pvt. Ltd.
The company’s manufacturing unit is located in Noida. The company has recently delivered the first shipment of mobile adapters to its distributors under the “Power eye” brand.
Strengths of the Company-
1. License rights with reputed global brands like Polaroid for India, Nepal, and Bangladesh and with Kodak for India.
2. Ownership of brand names “Powereye” and “Lappy Master”.
3. Wide distribution network.
Objects of the Issue
- Achieve the benefits of listing the Equity Shares on the SME Platform of BSE.
- Enhance the company’s visibility, brand name and provide liquidity to the existing shareholders.
- Provide a public market for the Equity Shares in India.
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 486.85 | 483.21 | 473.88 |
| Total Revenue | 59.85 | 56.34 | 34.96 |
| Profit After Tax | 5.32 | 8.81 | 6.31 |
Company Contact Information
Sungold Media and Entertainment Limited
13, Radhakrushna Mandir Compound
Rajpipla, Nandod,
Narmada- 393145, Gujarat
Phone: +91 9099018633
Email: info@sungoldmediaent.com
Website: http://sungoldmediaent.com/
Sungold Media Entertainment IPO Registrar
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: http://www.satellitecorporate.com
Sungold Media Entertainment IPO Lead Manager(s)
- Finshore Management Services Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
