Sungold Media and Entertainment Limited IPO Review

Sungold Media and Entertainment Limited is engaged in the business of branding. It is a Gujarat based company. The article will cover Sungold Media and Entertainment Limited IPO Review along with issue details, date, price.

About Sungold Media and Entertainment Limited IPO Issue Details :

  • IPO Opens on – August 9, 2018.
  • IPO Closes on – August 14, 2018.
  • Face Value – Rs. 10 Per Equity Share.
  • Issue Price – Rs. 10 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Market Lot – 10000 Shares.
  • Minimum Order Quantity – 10000 Shares.
  • Issue Size – 1,350,000 Equity Shares of Rs 10 aggregating up to Rs 1.35 Cr.
  • Listing Exchange – BSE SME Exchange.
  • Draft Prospectus – Download.

Objectives of the issue :

  • Provide a public market for the Equity Shares in India.
  • This company will not receive any proceeds from the Offer.

About The Company –

  • Sungold Media and Entertainment Limited is incorporated in 1995.
  • This 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 this company are:1. News portal-
    2. Entertainment portal-
    3. Portal on the state of
  • Sungold Media and Entertainment Limited has presently 10 permanent employees on its payroll.
  • This company’s products and services in domestic and international markets involving innovative strategies.
  • Sungold Media and Entertainment Limited’s mission is produce best quality portals with innovative subjects at minimum costs.

Sungold Media and Entertainment LimitedSungold Media and Entertainment Limited

The promoter of the company :

  • Rajiv Rameshchandra Kotia, aged 57 years, is the Promoter of this company.
  • Raj Rajiv Kotia, (Son of Mr. Rajiv Rameshchandra Kotia) aged 26 years, is Promoter cum Managing Director and C.F.O. of this company.

Company Financials :

Sungold Media and Entertainment Limited IPO

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Sungold Media and Entertainment Limited IPO Review :

The above image is the financial statement of the company. The above financial statement includes the last five years along with the last 11 months record. The profit level rise in an abrupt way. Now, let’s have a look at the company prospectus, known as draft red herring prospectus. From the DRHP we come to know about the fundamental details of the company. As per FY 2016-17 EPS (Earnings Per Share) basic and diluted is at 0.12. P/E ratio based on basic and diluted EPS of FY 2016-17 stands at 83.33. Then come to the FY 17 RoNW and NAV/Share, these are 1.10 and 11.29. From the available data, one thing is confirmed that the quality of data is so poor. Therefore, Sungold Media and Entertainment Limited IPO Review carry a NEGATIVE view. It is advisable to avoid the IPO. If investors want to invest in it, invest in their own risk.

Ankita has done her Diploma Engineering in Computer Science & Technology. She is pursuing her degree in Engineering and also well experienced in the equity market and real estate related content writing. She is the one who has developed the technical indicators section of our site.

Categories: IPO Review

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