Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Mon, May 2, 2016 - Wed, May 11, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, May 2, 2016
IPO Close
Wed, May 11, 2016
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹28.59 Cr
| IPO Date | 2 to 11 May, 2016 |
| Listed on | Thu, May 19, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 12,56,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 64,000 shares Guiness Securities Ltd. (agg. up to ₹0.3840 Cr) |
| Fresh Issue (Ex Market Maker) | 11,92,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 11,92,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 35,08,694 shares |
| Share Holding Post Issue | 47,64,694 shares |
| BSE Script Code | 539884 |
| ISIN | INE671T01010 |
Darshan Orna IPO comprises a total issue size of 12,56,000 shares. The net offer to the public is 11,92,000 shares, after excluding 64,000 shares allotted on a firm basis. Of the Net offer 5,96,000 (50.00%) allocated to NII 5,96,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,96,000 | 50.00% | 47.45% |
| Retail Shares Offered | 5,96,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 64,000 | 5.10% | |
| Total Shares Offered | 12,56,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Working Capital | 5.74 |
| 2 | General Corporate Expenses | 1.42 |
| 3 | Issue Expenses | 0.38 |
| KPI | |
|---|---|
| RoNW | 0.76% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 66.65% | 49.09% |
| Market Cap | ₹28.59 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.18 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.04 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory & other expenses | 0.14 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.80 |
| Low | ₹60.80 |
| High | ₹61.90 |
| Last Trade | ₹61.00 |
Lead Manager Reports
Darshan Orna IPO is a SME IPO of 12,56,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Mon, May 2, 2016, and closes on Wed, 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 Mon, May 2, 2016 and closes on Wed, 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 Thu, May 19, 2016.
