Bookbuilding IPO | ₹165 Cr | Listed at BSE, NSE | Fri, Dec 31, 2010 - Thu, Jan 6, 2011
C.Mahendra Exports IPO is a book build issue of ₹165.00 crores. The issue is entirely a fresh issue of 1.50 crore shares of ₹165.00 crore.
C.Mahendra Exports IPO bidding started from Dec 31, 2010 and ended on Jan 6, 2011. The shares got listed on BSE, NSE on Jan 20, 2011.
C.Mahendra Exports IPO price band is set at ₹110 per share. The lot size for an application is 60. The minimum amount of investment required by an retail is ₹6,600 (60 shares) (based on upper price). The lot size investment for sNII is 31 lots (1,860 shares), amounting to ₹2,04,600, and for bNII, it is 152 lots (9,120 shares), amounting to ₹10,03,200.
Anand Rathi Advisors Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to C.Mahendra Exports IPO RHP for detailed Information.
IPO Open
Fri, Dec 31, 2010
IPO Close
Thu, Jan 6, 2011
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹660.00 Cr
| IPO Date | 31 Dec, 2010 to 6 Jan, 2011 |
| Listed on | Thu, Jan 20, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹110 |
| Issue Price | ₹110 per share |
| Lot Size | 60 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,50,00,000 shares (agg. up to ₹165 Cr) |
| Fresh Issue | 1,50,00,000 shares (agg. up to ₹165 Cr) |
| Share Holding Pre Issue | 4,50,00,000 shares |
| Share Holding Post Issue | 6,00,00,000 shares |
| BSE Script Code / NSE Symbol | 533304 / CMAHENDRA |
| ISIN | INE378J01013 |
C.Mahendra Exports IPO comprises a total issue size of 1,50,00,000 shares. Out of which, 75,00,000 (50.00%) are allocated to QIB, 22,50,000 (15.00%) allocated to NII 52,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 75,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 22,50,000 | 15.00% | NA |
| Retail Shares Offered | 52,50,000 | 35.00% | 87,500 |
| Total Shares Offered | 1,50,00,000 | 100.00% |
Investors can bid for a minimum of 60 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,600 |
| Retail (Max) | 30 | 1,800 | ₹1,98,000 |
| S-HNI (Min) | 31 | 1,860 | ₹2,04,600 |
| S-HNI (Max) | 151 | 9,060 | ₹9,96,600 |
| B-HNI (Min) | 152 | 9,120 | ₹10,03,200 |
Incorporated in 1978, C Mahendra Exports Ltd is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery. It is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery.
Company's introduced their flagship brand "Ciemme" in 2003, as a life style brand. Under this flagship brand, they sell jewellery products like rings, earrings, necklace sets, bracelets, based on various concepts. In overseas market, they sell jewellery only under "Ciemme" brand name. In USA they sell diamond jewellery to retail outlets through Ciemme (NY) LLC. In Middle East they directly sell it to the customers.
Currently, Company has two facilities for cutting and polishing of diamonds at Varachha and Udhana in Surat. Further, Ciemme Jewels Limited owns a jewellery manufacturing facility in MIDC, Andheri, Mumbai. C Mahendra Exports marketing offices spread across Surat, Mumbai, Delhi, Kolkata, Hong Kong, New York, Los Angeles and Antwerp to market cut & polished diamonds to domestic and international markets. They have 8 (eight) exclusive retail stores and 1 (one) franchisee store in India. They obtain grading from reputed diamond certifying institutions like GIA (Gemological Institute of America), IGI (International Gemological Institute) and HRD (Hoge Raad voor Diamant).
| 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 | Finance setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat | 36.06 |
| 2 | Finance setting up of a jewellery manufacturing unit at Mumbai. | 23.64 |
| 3 | Finance setting up retail outlets | 30.00 |
| 4 | Finance brand development expenses | 20.00 |
| 5 | Investment in capital of C. Mahendra BVBA | 80.00 |
| 6 | General corporate purposes |
| KPI | |
|---|---|
| RoNW | 1.54% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 0.75% |
| Market Cap | ₹660.00 Cr. |
The C Mahendra IPO is subscribed 2.78 times on January 6, 2011 5:00:00 PM (Day 5). The public issue subscribed 4.82 times in the retail category, 1.02 times in the QIB category, and 3.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.02 | 75,00,000 | |
| NII | 3.92 | 22,50,000 | |
| Retail | 4.82 | 52,50,000 | |
| Total | 2.78 | 1,50,00,000 |
ICRA Limited has assigned an IPO Grade 2 to C Mahendra Exports Ltd IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for C Mahendra Exports Ltd.
C Mahendra Exports Ltd IPO, C Mahendra Exports IPO, C Mahendra Exports IPO Bidding, C Mahendra IPO Allotment Status, C Mahendra IPO drhp and C Mahendra Exports IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees for the BRLMs | 0.00 |
| 2 | Fees for the Registrar to the Issue | 0.00 |
| 3 | Regulatory fees (including fee payable to SEBI, Stock Exchanges) | 0.00 |
| 4 | Fees payable to the Legal Counsel | 0.00 |
| 5 | Fees payable to the Auditors | 0.00 |
| 6 | Fees payable to IPO Grading Agency | 0.00 |
| 7 | Marketing fee (including fee payable to advertising agencies) | 0.00 |
| 8 | Miscellaneous expenses | 0.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹110.00 | ₹110.00 |
| Open | ₹111.00 | ₹114.00 |
| Low | ₹110.00 | ₹110.00 |
| High | ₹120.90 | ₹121.00 |
| Last Trade | ₹110.85 | ₹110.75 |
Lead Manager Reports
C.Mahendra Exports IPO is a main-board IPO of 1,50,00,000 equity shares of the face value of ₹10 aggregating up to ₹165 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 60.
The IPO opens on Fri, Dec 31, 2010, and closes on Thu, Jan 6, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in C.Mahendra Exports IPO using UPI as a payment gateway. Zerodha customers can apply in C.Mahendra Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in C.Mahendra Exports IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The C.Mahendra Exports IPO opens on Fri, Dec 31, 2010 and closes on Thu, Jan 6, 2011.
C.Mahendra Exports IPO lot size is 60, and the minimum amount required for application is ₹6,600.
You can apply in C.Mahendra Exports 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 C.Mahendra Exports IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the C.Mahendra Exports IPO allotment status.
The C.Mahendra Exports IPO listing date is on Thu, Jan 20, 2011.
