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Bhakti Gems IPO is a fixed price issue of ₹3.92 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹3.92 crore.
Bhakti Gems IPO bidding started from May 17, 2017 and ended on May 22, 2017. The shares got listed on BSE SME on May 30, 2017.
Bhakti Gems IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Oneview Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Bhakti Gems IPO RHP for detailed Information.
| IPO Date | May 17, 2017 to May 22, 2017 |
| Listing Date | May 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,62,000 shares (aggregating up to ₹3.92 Cr) |
| Reserved for Market Maker | 1,02,000 shares Guiness Securities Ltd. (aggregating up to ₹0.2040 Cr) |
| Net Offered to Public | 18,60,000 shares (aggregating up to ₹3.72 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 48,51,800 shares |
| Share Holding Post Issue | 68,13,800 shares |
Bhakti Gems and Jewellery IPO offers total 19,62,000 shares. Out of which 9,30,000 (47.40%) allocated to NII, 9,30,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.20%) |
| NII (HNI) Shares Offered | 9,30,000 (47.40%) |
| Retail Shares Offered | 9,30,000 (47.40%) |
| Total Shares Offered | 19,62,000 (100.00%) |
Bhakti Gems IPO opens on May 17, 2017, and closes on May 22, 2017.
| IPO Open Date | Wed, May 17, 2017 |
| IPO Close Date | Mon, May 22, 2017 |
| Tentative Listing Date | Tue, May 30, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 22, 2017 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2010, Bhakti Gems and Jewellery Ltd (BGJ) is the manufacturer, wholesaler and supplier of gold jewellery and has its headquartered at Ahmedabad, Gujarat. Company mainly focuses on traditional Indian jewellery.
Company's product range includes handmade gold jewellery studded with precious and semi precious stones such as diamond, ruby, cubic zirconia (cz) etc. The jewelleries are designed by it and manufactured on job work basis at Ahmedabad, Rajkot and Mumbai. BGJ is a customer-centric Company; with a prime focus on attain the utmost client satisfaction by offering them quality assured products. Company's major customers includes Kalyan Jewellers India Ltd, Soni Dwarksdas Virchand, Ghanshyam Jewellers etc.
The Company Bhakti Gems IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 3.64 |
| 2 | Issue Expenses | 0.28 |
[Dilip Davda] As the issue is fully priced, risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | May 30, 2017 |
| BSE Script Code | 540545 |
| NSE Symbol | |
| ISIN | INE986W01016 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹18.70 |
| Low | ₹18.50 |
| High | ₹20.35 |
| Last Trade | ₹20.05 |
Bhakti Gems & Jewellery Ltd.
209, Shree Balaji Paragon,
B/S Rock Regency Hotel,
Opp Axis Bank, near Circle - P, C.G Road
Ahmedabad, Gujarat, 380009
Phone: +91 7926421701
Email: compliancebhakti@gmail.com
Website: http://www.bhaktijewellery.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: grievances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Bhakti Gems IPO is a SME IPO of 19,62,000 equity shares of the face value of ₹10 aggregating up to ₹3.92 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on May 17, 2017, and closes on May 22, 2017.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Bhakti Gems IPO using UPI as a payment gateway. Zerodha customers can apply in Bhakti Gems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bhakti Gems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bhakti Gems IPO opens on May 17, 2017 and closes on May 22, 2017.
Bhakti Gems IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Bhakti Gems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bhakti Gems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Bhakti Gems IPO allotment status.
The Bhakti Gems IPO listing date is on Tuesday, May 30, 2017.
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