* - Tentative Dates
The Net Proceeds from the Issue are proposed to be utilized by our Company for the objects set out below:
Silgo Retail Limited's revenue decreased by -1.33% and profit after tax (PAT) rose by 2% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 52.11 | 51.19 | 45.16 |
| Revenue | 34.68 | 35.14 | 31.90 |
| Profit After Tax | 2.35 | 2.31 | 2.20 |
| Amount in โน Crore | |||
Silgo Retail Limited was founded in 2016 and is active in the design, manufacture, retail and wholesale of silver jewellery. In addition to designing and manufacturing silver jewellery, the company has recently started trading in gemstones. The company prides itself on its extensive product collection, offering a variety of carefully crafted designs to suit the discerning tastes of its valued customers. Based on a deep understanding of regional differences in preferences, the company has put together an eclectic portfolio that includes a wide range of ornaments and jewellery. The company believes that its team's expertise in designing jewellery products is in sync with the latest trends and fashions to ensure that its offerings match the preferences of its customers.
The company offers a wide range of silver jewellery for special occasions such as weddings and celebrations to everyday jewellery for all ages, genders and in different price ranges. The product range includes rings, earrings, bracelets, necklaces, jhumki, bangles and custom designs tailored to customers' tastes, preferences, choices and ever-changing trends. The company offers its customers a wide range of traditional, West Indian and modern designs and silver jewellery. The company specialises in silver jewellery and its offerings are certified with the BIS seal of approval, which guarantees authenticity. All pieces of jewellery are made from 925 sterling silver. The range extends from special jewellery for weddings and celebrations to everyday jewellery for all ages and is available in various price ranges.
The company is customer-oriented and focuses primarily on achieving the highest level of customer satisfaction by delivering quality products. The company believes that its ethical trade practises, transparent business relationships and timely product delivery help maintain cordial relationships with its customers. The company always endeavours to deliver products that offer its customers the best designs with excellent workmanship and quality.
The company has a dedicated and efficient design team that focuses solely on developing new products and designs that meet customers' requirements by using the latest 3D computer-aided design (CAD) software.