IPO Issue closes on 3rd October
Jaipur-based SILGO Retail is entering the capital markets with an IPO of 13,56,000 shares. The IPO issue opens on 27th September and closes on 3rd October. The company will be listed on NSE SME (Emerge).
The lead manager to the issue is Aryaman Financial Services and the registrar to the issue is Bigshare Services (P) Limited. Kanga & Co. (Advocates & Solicitors) is the Legal Counsel.
The company is engaged in the business of designing, manufacturing, retailing and wholesaling of silver jewellery. SILGO’s product range includes a wide variety of earrings, necklaces, pendants, rings, bangles, bracelets etc. cast in certified silver. The company has fully equipped state-of-the-art manufacturing facility with efficient designers and karigars who create each piece to perfection. A dedicated team of professionals manage the daily workings of the company. With manufacturing unit and office in Jaipur, SILGO has its branches in Chennai, Bengaluru, Kochi and Secunderabad.
Bela Agrawal, Chairperson & Whole time Director and Nitin Jain, Managing Director are the promoters and driving forces behind SILGO. The company was started with a women empowerment initiative called “Dyuti” with a basic premise to create women entrepreneurs and to accentuate earning capacity of women.
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