Silgo Retail Limited Right Issue

₹25.68 Cr NSE 28 Feb 2024 – 12 Mar 2024

Closed Ratio: 1 : 1 NSE
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Issue Price
₹25.00
Face Value
₹10.00
Issue Size (Shares)
10,270,000
Issue Size (₹ Cr.)
₹25.68
📅 Right Issue Timetable
Last Date to Buy SharesWed, Feb 21, 2024
Record DateThu, Feb 22, 2024
Credit of Rights EntitlementsFri, Feb 23, 2024
Bid/Offer Opens OnWed, Feb 28, 2024
Issue Open DateWed, Feb 28, 2024
Renunciation Last DateFri, Mar 8, 2024
Bid/Offer Closes OnTue, Mar 12, 2024
Issue Close DateTue, Mar 12, 2024
Deemed Date of AllotmentWed, Mar 20, 2024
Credit DateWed, Mar 20, 2024
Listing DateTue, Mar 26, 2024
📋 Right Issue Details
Issue Size (Shares)10,270,000
Issue Size (Amount)₹25.68 Cr.
Issue Price₹25.00 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 1
Listing AtNSE
Terms of PaymentThe entire amount of the Issue Price of ₹ 25/- per Rights Equity Share shall be payable at the time of Application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-312021-03-31
Income34.6835.1431.90
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment in full of unsecured loan availed from one of the Promoters, Mr. Nitin Jain;
2Repayment/ Pre-payment of certain secured loan availed from lender of the company either in part or full;
3To augment the existing and incremental working capital requirement of the company; and
4General corporate purposes.
🏢 About the Company
Founded in 2016, Silgo Retail Limited is active in the design, manufacture, wholesale, and retail of silver jewelry. The company also deals in gemstones.

The company mainly deals in silver jewelry. The product portfolio includes bracelets, necklaces, rings, earrings, jhumki, bangles and custom jewelry. All of the company's jewelry is cast from 925 sterling silver. The company also offers a wide range of traditional, Indian, western, and modern designs and silver jewelry. The offerings are specialized in silver jewelry and carry the BIS hallmark.

The company offers a wide range of silver jewelry for special occasions such as weddings and festivals as well as everyday jewelry for all age groups, genders, and in various price ranges.

The company's manufacturing facility is located in Jaipur. Silgo runs a program called "Dyuti" to promote entrepreneurship among women in the region.

As at September 30, 2023, the company had 20 employees, including Executive Directors and KMP.
📞 Company Contact
CompanySilgo Retail Limited
AddressB 11 Mahalaxmi Nagar,
JLN Marg,
Jaipur - 302017
Jaipur, Rajasthan, 302017
Phone+ 917055570555
Emailinfo@silgo.in
WebsiteVisit ↗
📝 Registrar
NameBigshare Services Pvt.Ltd.
Phone8657578989/8069219065/8069219060
Emailrightsissue@bigshargonline.com
WebsiteVisit ↗