In the list of upcoming IPO Sanghvi Brands Ltd (SBL) is planning to launch IPO (Initial Public offering). The tentative size of the Upcoming IPO i.e Sanghvi Brands IPO is Rs 18.96 crore. Sanghvi Brands IPO might open on 10 Nov,2017.
Sanghvi Brands manages & operates one of India leading integrated portfolio of Luxury Spa, Beauty, Wellness & Fitness Brands.
Sanghvi Brands IPO-Upcoming IPO details:
- The company was established as private limited company on 16 February,2010,Under the provisions of the Companies Act 1956. At the time of incorporation the name of the company was “Sanghvi Brands Promoters Private Limited”.
- Later the company was converted into public limited company on 29 June,2017 and the name was also changed to “Sanghvi Brands Limited”.
- Sanghvi Brands manages & operates one of India leading integrated portfolio of Luxury Spa, Beauty, Wellness & Fitness Brands.
- Sanghvi Brands Limited one of the Top Largest Spa & Wellness Operators in Indiawith license rights to operate various Premium International Brands including: Spa by Clarins, Spa by LOccitane, Elle Spas & Salons, Warren Tricomi Salon & Spas, Levo, Rosanno Ferretti, TAOS Salon, Ramona Braganzas 3-2-1 Fitness Programme.
- They have sole distributorship of Noveau Lashes for the territory of India to promote, market and sell these products. They have 19 Spa/ Salons across the World which are Operational including training academies and another 9 under development in Spa/ Salons/.
- These include partnerships at some of the Most Luxurious Hotel & Residential Locations including: The Ritz Carlton San Francisco, JW Marriott Mussoorie, Raichak Hotel in Kolkata on the banks of Ganges, Khyber Resort in the Himalayas, Jammu and Kashmir.
Promoter of the Sanghvi Brands Ltd:
Mr. Darpan Narendra Sanghvi
Objective of the IPO:
The objects of the Issue are: –
- Business Expansion
- a) Expanding outlets/ distribution of current brand portfolio in India and overseas b) Acquisitions and development of new brands
- Marketing and sales promotion of the brands in our portfolio
- Strategic Investments for business growth
- General Corporate Purpose
- Issue Expenses.
Issue details of Sanghvi Brands IPO:
- Issue Open: Nov 10, 2017 – Nov 14, 2017
- Issue Type: Fixed Price Issue IPO
- Issue Size:2,748,000 Equity Shares of Rs 10 aggregating up to Rs 18.96 Cr
- Face Value: Rs 10 Per Equity Share
- Issue Price: Rs 69 Per Equity Share
- Market Lot: 2000 Shares
- Minimum Order Quantity: 2000 Shares
- Listing At: BSE SME
Utilize the Proceeds:
DRHP of Sanghvi Brands IPO:
Registered Address of the company:
105/2, Shivajinagar, Pune- 411005, Maharashtra, India.
Lead Manager to the IPO:
SARTHI CAPITAL ADVISORS PRIVATE LIMITED
Registar to the Sanghvi Brands IPO:
BIGSHARE SERVICES PRIVATE LIMITED