Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Wed, May 17, 2017 - Mon, May 22, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 17, 2017
IPO Close
Mon, May 22, 2017
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹13.63 Cr
| IPO Date | 17 to 22 May, 2017 |
| Listed on | Tue, May 30, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 19,62,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,02,000 shares Guiness Securities Ltd. (agg. up to ₹0.2040 Cr) |
| Fresh Issue (Ex Market Maker) | 18,60,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 18,60,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 48,51,800 shares |
| Share Holding Post Issue | 68,13,800 shares |
| BSE Script Code | 540545 |
| ISIN | INE986W01016 |
Bhakti Gems IPO comprises a total issue size of 19,62,000 shares. The net offer to the public is 18,60,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,30,000 (50.00%) allocated to NII 9,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,30,000 | 50.00% | 47.40% |
| Retail Shares Offered | 9,30,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.20% | |
| Total Shares Offered | 19,62,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of the Company | 3.64 |
| 2 | Issue Expenses | 0.28 |
The Bhakti Gems and Jewellery IPO is subscribed [.] times on May 22, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including lead manager fees, underwriting fees, commissions, brokerages, and payment to other intermediaries such as legal advisors, registrars and other out of pocket expenses etc | 0.23 |
| 2 | Regulatory Fees | 0.02 |
| 3 | Other Expenses (printing, stationery, advertisement, auditor fees, postage etc.) | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹18.70 |
| Low | ₹18.50 |
| High | ₹20.35 |
| Last Trade | ₹20.05 |
Lead Manager Reports
Bhakti Gems IPO is a SME IPO of 19,62,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Wed, May 17, 2017, and closes on Mon, 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 Wed, May 17, 2017 and closes on Mon, 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 Tue, May 30, 2017.
