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Sonam Clock IPO IPO

Mainline1 Jun 20186 Jun 2018
Open
1 Jun 2018
Close
6 Jun 2018
3
Allotment
Listing
Thu, Jun 14, 2018
Price Band
₹36 per share
Issue Size
28,08,000 shares (agg. up to ₹10 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Jun 14, 2018
✦ AI Insight

Live Subscription

CategorySubscription (times)
Total2.32x

Restated Financials (₹ Cr.)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets37.7434.9434.1728.52
Total Income38.6239.0336.8234.06
Profit After Tax2.260.812.680.41
EBITDA5.364.425.333.59
NET Worth11.619.358.545.86
Reserves and Surplus4.413.953.144.06
Total Borrowing18.2918.5917.7417.55
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Pulz Electronics Ltd.SME₹3.92 Cr₹54null₹64.05+18.61%₹24.00 (-3.61%)
Dixon Technologies (India) Ltd.Mainboard₹599.28 Cr₹1766null₹2,891.55+63.73%₹14,507.00 (+6.12%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding the Working Capital Requirements of the Company5.10
2Repayment of Unsecured Loan availed by our Company2.00
3To meet General Corporate Expenses2.33

About Sonam Clock IPO

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 purpose. The products are sold mainly to clock dealers, retailers, corporates, gifts and novelties stores, through which it reaches to 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 located in Morbi, Gujarat and has at present 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

Contact Details

Sonam Clock Ltd. AddressSurvey No.337/p, Morbi Rajkot HighwayVillage LajaiTaluka TankaraMorbi, Gujarat, 363641+91-2822-285017info@sonamquartz.comVisit Website