Sungold Media and Entertainment Limited IPO
Issue Analysis :
|Issue opens||Aug 9, 2018|
|Issue Closes||Aug 14, 2018|
|Issue Price||Rs 10|
|Issue Size||1.35 Cr|
|Lead Manager||FINSHORE MANAGEMENT SERVICES LIMITED|
|Registrar||SATELLITE CORPORATE SERVICES PRIVATE LIMITED|
Company’s Snapshot :
Incorporated in 1995, Gujarat based Sungold Media and Entertainment Limited is a company engaged in the business of branding. The company offers services like Digital Marketing, Mobile App Development, Graphics Design, Website Design, Photography, Videography, Video Editing, Celebrity Management and distribution services.
Sungold designs and develops solutions to maximize brand image of its clients.
Some of the Ongoing projects of the company are:
- News portal- www.liveupdates.co.in
- Entertainment portal- www.entertainment365.in
- Portal on the state of Gujarat-www.gujaratdevelopment.com
The company has presently 10 permanent employees on its payroll.
Object of the Issue:
The objects of the Offer are to-
- 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.
The Company will not receive any proceeds from the Offer. and all the proceeds from the Offer will go to the Promoter Selling Shareholder Mr. Rajiv Rameshchandra Kotia.
Financial Highlights :
|Summary of financial Information (Restated)|
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||2.67||5.32||8.81||6.31||0.91||0.26|
The promoters of the company are Rajiv Rameshchandra Kotia and Raj Rajiv Kotia. Rajiv Rameshchandra Kotia holds 16,53,550 Equity Shares (being 33.07% of the Issued, Subscribed and Paid-up Equity Share capital) and Raj Rajiv Kotia hold 16,11,132 Equity Shares (being 32.22% of the Issued, Subscribed and Paid-up Equity Share capital) of the company.
Contact Company Information:
Sungold Media and Entertainment Limited
13, Radhakrushna Mandir Compound
Narmada- 393145, Gujarat
Phone: +91 9099018633
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