Sonam Clock Limited IPO (Sonam Clock IPO) Detail
ABOUT THE COMAPANY:
Sonam Clock Limited is Incorporated in 2001 based in Morbi, Gujarat. The company is engaged in clock manufacturing. They offer a wide range of table clocks and wall clocks at various price. The company is a leading player in the world-market of clocks industry.
Sonam Clock Limited is properly equipped with the exceptional generation and state-of-the-arts tackle that are well utilized by the extremely specialized management team and the group of workers from surrounding villages. In the team of Sonam Clock Limited, maximum of them are woman employees. Within the values of devotion, commitment, and hard work, the company as a team is climbing the ladder of success. Now, the company has a wide range of Clocks, LED clocks and Timepieces. They become India’s one of the largest customized clock manufacturing Company. In the field of Indian Clock Manufacturing industry.
Sonam Clock Limited is on a task of non-stop technological improvements, innovation in layout and trend-setting management with the only goal of manufacturing international best quartz timepieces.
Sonam Clock Limited 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.
Sonam Clock Limited’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 of clock parts which includes clock movements, clock cases etc.
Sonam Clock Limited Promoters:
The Promoters of the Company are
(1)Mr. Jayeshbhai Chhabildas Shah and
(2)Mrs. Deepaben Jayeshbhai Shah
Mr. Jayeshbhai Chhabildas Shah holds 62,39,200 Equity Shares and Mrs. Deepaben Jayeshbhai Shah holds 4,80,000 Equity Shares of the Company.
Financials of the Sonam Clock Limited:
|Sonam Clock’s financial performance (in INR crore)|
|Profit after tax||0.5||0.6||0.4||2.7||0.8||2.3|
Objects of the Issue:
The objects of the Issue are-
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
Sonam Clock Limited IPO details:
(1)Issue Open: Jun 1, 2018 – Jun 6, 2018
(2)Issue Type: Fixed Price Issue IPO
(3) Issue Size: 2,808,000 Equity Shares of Rs 10 aggregating up to Rs 10.11 Cr
(4) Face Value: Rs 10 Per Equity Share
(5) Issue Price: Rs 36 Per Equity Share
(6) Market Lot: 3000 Shares
(7) Minimum Order Quantity: 3000 Shares
(8) Listing At: NSE SME
Company Contact Information:
Sonam Clock Limited
: Survey No. 337/p, Morbi Rajkot Highway
Village Lajai, Taluka Tankara,
District Morbi – Gujarat – 363641, India
Fax: +91 2822 285987
Sonam Clock IPO Registrar:
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072
Fax: 91-22-2847 5207
Sonam Clock IPO Lead Manager(s):
Hem Securities Limited
14/15, Khatau Building,
40, Bank Street, Fort,
MUMBAI- 400 001
Phone: 022 – 2267 1543 / 44
Fax: 022 – 2262 5991
Sonam Clock Limited Youtube Video: