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Darshan Orna IPO is a fixed price issue of ₹7.54 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹7.54 crore.
Darshan Orna IPO bidding started from May 2, 2016 and ended on May 11, 2016. The shares got listed on BSE SME on May 19, 2016.
Darshan Orna IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Guiness Securities Ltd..
Refer to Darshan Orna IPO RHP for detailed Information.
| IPO Date | May 2, 2016 to May 11, 2016 |
| Listing Date | May 19, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,56,000 shares (aggregating up to ₹7.54 Cr) |
| Reserved for Market Maker | 64,000 shares Guiness Securities Ltd. (aggregating up to ₹0.3840 Cr) |
| Net Offered to Public | 11,92,000 shares (aggregating up to ₹7.15 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 35,08,694 shares |
| Share Holding Post Issue | 47,64,694 shares |
Darshan Orna IPO offers total 12,56,000 shares. Out of which 5,96,000 (47.45%) allocated to NII, 5,96,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 64,000 (5.10%) |
| NII (HNI) Shares Offered | 5,96,000 (47.45%) |
| Retail Shares Offered | 5,96,000 (47.45%) |
| Total Shares Offered | 12,56,000 (100.00%) |
Darshan Orna IPO opens on May 2, 2016, and closes on May 11, 2016.
| IPO Open Date | Mon, May 2, 2016 |
| IPO Close Date | Wed, May 11, 2016 |
| Tentative Listing Date | Thu, May 19, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 11, 2016 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2011, Darshan Orna Ltd (DOL) is a Small and Medium Enterprise (SME) engaged in the Gold & Silver Jewellery and Ornaments Business. The Company started its commercial operations as a Wholesaler and Trader of Gold and Silver Jewelries and Ornaments by setting a unit in Manek Chowk area of Ahmedabad in North Gujarat, which is known as a hub of Gold & Silver Market. Company's portfolio comprises Traditional Jewellery, Indo-Western Jewellery & Modern Jewellery.
DOL's Jewelries and Ornaments are designed keeping in mind the demand of various customers coming from diverse cultures and age groups. Over the last couple of years, the company has achieved tremendous growth in sales. The company sources its raw material from its suppliers. Over the years, the company has built up a credible sales-force to market its jewelries in Ahmedabad.
| KPI | Values |
|---|---|
| RoNW | 0.76% |
The Company Darshan Orna 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 | Working Capital | 5.74 |
| 2 | General Corporate Expenses | 1.42 |
| 3 | Issue Expenses | 0.38 |
[Dilip Davda] <p><strong>Since issue is aggressively priced, there is no harm giving it a miss. However, only risk savvy investors with surplus funds may park their funds for long term rewards.</strong></p> Read detail review...
| Listing Date | May 19, 2016 |
| BSE Script Code | 539884 |
| NSE Symbol | |
| ISIN | INE671T01010 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.80 |
| Low | ₹60.80 |
| High | ₹61.90 |
| Last Trade | ₹61.00 |
Darshan Orna Ltd.
2018/1, First Floor, Nr. Rupa Surchand Ni Pole,
M.G. Haveli Road,
Manek Chowk,
Ahmedabad, Gujarat, 380001
Phone: +91 79 22142568
Email: info@darshanorna.com
Website: http://www.darshanorna.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email:
Website: https://ipostatus.kfintech.com/
Darshan Orna IPO is a SME IPO of 12,56,000 equity shares of the face value of ₹10 aggregating up to ₹7.54 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on May 2, 2016, and closes on May 11, 2016.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Darshan Orna IPO using UPI as a payment gateway. Zerodha customers can apply in Darshan Orna IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Darshan Orna IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Darshan Orna IPO opens on May 2, 2016 and closes on May 11, 2016.
Darshan Orna IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Darshan Orna 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 Darshan Orna IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Darshan Orna IPO allotment status.
The Darshan Orna IPO listing date is on Thursday, May 19, 2016.
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