{"id":48630,"date":"2024-10-23T14:13:59","date_gmt":"2024-10-23T08:43:59","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2024\/10\/23\/sky-gold-secures-rs-270-cr-through-successful-qip-strengthening-capital-for-future-growth\/"},"modified":"2024-10-23T14:13:59","modified_gmt":"2024-10-23T08:43:59","slug":"sky-gold-secures-rs-270-cr-through-successful-qip-strengthening-capital-for-future-growth","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2024\/10\/23\/sky-gold-secures-rs-270-cr-through-successful-qip-strengthening-capital-for-future-growth\/","title":{"rendered":"Sky Gold Secures RS 270 Cr Through Successful QIP, Strengthening Capital for Future Growth"},"content":{"rendered":"
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Mumbai (Maharastra) [India],October 23: <\/strong>Sky Gold Limited\u00a0(BSE \u2013 541967,\u00a0NSE: SKYGOLD),\u00a0one of the leading jewellery manufacturers based in Navi Mumbai, specializing in a diverse range of gold jewellery designs, including customized pieces, and catering to prominent retailers and jewellery brands across various market segments, has successfully raised\u00a0\u20b9\u00a0269.99 Cr through a Qualified Institutional Placement (QIP) from renowned funds.<\/p>\n

The Company has allotted 9,99,259 equity shares of\u00a0\u20b9\u00a010 each at price of\u00a0\u20b9\u00a02,702 (a premium of\u00a0\u20b9\u00a02,692)\u00a0raising total of\u00a0\u20b9\u00a0269.99 Cr. Post this QIP, Company\u2019s share capital stands increased from\u00a0\u20b9\u00a013.65 Cr to\u00a0\u20b914.65 Cr comprising of 1,46,54,006 Equity Shares of\u00a0\u20b9\u00a010 each.<\/p>\n

In the recently concluded\u00a0QIP, the following allottees were allocated a total of 129,535 equity shares, distributed among various\u00a0leading\u00a0institutional investors.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Sr. No.<\/td>\nName Of Allottees<\/td>\nNumber of Equity Shares Allotted<\/td>\nPercentage of total Equity Shares allotted (%)<\/td>\n<\/tr>\n
1<\/td>\nMotilal\u00a0Oswal\u00a0Small Cap Fund<\/td>\n1,57,290<\/td>\n15.74<\/td>\n<\/tr>\n
2<\/td>\nMotilal\u00a0Oswal\u00a0Multi Cap Fund<\/td>\n1,57,290<\/td>\n15.74<\/td>\n<\/tr>\n
3<\/td>\nMotilal\u00a0Oswal\u00a0Large Cap Fund<\/td>\n74,019<\/td>\n7.41<\/td>\n<\/tr>\n
4<\/td>\nMotilal\u00a0Oswal\u00a0Business Cycle Fund<\/td>\n74,019<\/td>\n7.41<\/td>\n<\/tr>\n
5<\/td>\nMotilal\u00a0Oswals\u00a0Manufacturing Fund<\/td>\n37,009<\/td>\n3.70<\/td>\n<\/tr>\n
6<\/td>\nKotak Mahindra Life Insurance Company Limited<\/td>\n2,59,068<\/td>\n25.93<\/td>\n<\/tr>\n
7<\/td>\nBank Of India Flexi Cap Fund<\/td>\n77,720<\/td>\n7.78<\/td>\n<\/tr>\n
8<\/td>\nBank Of India Business Cycle Fund<\/td>\n33,309<\/td>\n3.33<\/td>\n<\/tr>\n
9<\/td>\nCopthall\u00a0Mauritius Investment Limited ODI<\/td>\n18,505<\/td>\n1.85<\/td>\n<\/tr>\n
10<\/td>\nSociete\u00a0Generale \u2013\u00a0ODI<\/td>\n37,010<\/td>\n3.70<\/td>\n<\/tr>\n
11<\/td>\nSusquehanna Pacific Pty Ltd<\/td>\n29,608<\/td>\n2.96<\/td>\n<\/tr>\n
12<\/td>\nBnp\u00a0Paribas Financial Markets \u2013 ODI<\/td>\n44,412<\/td>\n4.44<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The QIP attracted substantial interest from reputable institutional investors, demonstrating their strong confidence in\u00a0the company\u2019s\u00a0business model and growth potential.<\/p>\n

The successful QIP marks a pivotal moment for\u00a0the company, reflecting its commitment to growth and innovation in the jewellery industry. With the backing of prominent institutional investors and an enhanced capital structure,\u00a0the company\u00a0is well positioned to capitalize on emerging opportunities and continue its trajectory of success.<\/p>\n

On successful completion of QIP placement,\u00a0Mr. Mangesh Chauhan, Managing Director & CFO,<\/p>\n

Sky Gold Limited said,\u00a0\u201cWe are thrilled to see overwhelming response to our QIP and happy to have few marquee investors in our Company. This is a clear indication of their confidence in our growth strategy and optimistic business outlook. The fund raised to the tune of\u00a0\u20b9\u00a0270\u00a0Cr\u00a0will empower us to strengthen our business and facilitate future expansions, enabling us to better meet the growing demands of our clients and adapt to emerging market trends.<\/p>\n

Additionally, these funds will allow us to diversify our product offerings and cater to a broader customer base. We aim to enhance our design library, which currently features over 500,000 designs, by incorporating more localized options that resonate with the diverse tastes of our clientele. This strategic investment will position us to explore new segments and respond dynamically to market opportunities.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharastra) [India],October 23: Sky Gold Limited\u00a0(BSE \u2013 541967,\u00a0NSE: SKYGOLD),\u00a0one of the leading jewellery manufacturers based in Navi Mumbai, specializing in a diverse range of gold jewellery designs, including customized pieces, and catering to prominent retailers and jewellery brands across various market segments, has successfully raised\u00a0\u20b9\u00a0269.99 Cr through a Qualified Institutional Placement (QIP) from renowned […]<\/p>\n","protected":false},"author":1,"featured_media":48631,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1343],"class_list":["post-48630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/48630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=48630"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/48630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/48631"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=48630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=48630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=48630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}