Fixed Price IPO | ₹17 Cr | Listed at NSE SME | Mon, Oct 9, 2017 - Wed, Oct 11, 2017
D.P.Abhushan IPO is a fixed price issue of ₹16.61 crores. The issue is entirely a fresh issue of 0.59 crore shares of ₹16.61 crore.
D.P.Abhushan IPO bidding started from Oct 9, 2017 and ended on Oct 11, 2017. The shares got listed on NSE SME on Oct 23, 2017.
D.P.Abhushan IPO price is ₹28 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to D.P.Abhushan IPO RHP for detailed Information.
IPO Open
Mon, Oct 9, 2017
IPO Close
Wed, Oct 11, 2017
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹62.31 Cr
| IPO Date | 9 to 11 Oct, 2017 |
| Listed on | Mon, Oct 23, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 59,32,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.8400 Cr) |
| Fresh Issue (Ex Market Maker) | 56,32,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 56,32,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 1,63,22,850 shares |
| Share Holding Post Issue | 2,22,54,850 shares |
| NSE Symbol | DPABHUSHAN |
| ISIN | INE266Y01019 |
D.P.Abhushan IPO comprises a total issue size of 59,32,000 shares. The net offer to the public is 56,32,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 28,16,000 (50.00%) allocated to NII 28,16,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 28,16,000 | 50.00% | 47.47% |
| Retail Shares Offered | 28,16,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.06% | |
| Total Shares Offered | 59,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
D.P. Abhushan Ltd. (DPAL) is engaged in the retail business of various jewelleries and ornaments made out of gold, diamonds and platinum studded with precious and semi-precious stones. Company’s product portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles and other wedding jewellery.
Currently they have four showrooms under the "D.P. Jewellers" brand located in four different cities of India i.e. Ratlam, Indore, Bhopal and Udaipur. All of these showrooms are operated and managed by it, and has been taken on rental basis. Further, it has plans to expand its retail network by opening another showroom in Indore, Madhya Pradesh by the end of October’17, for which it has purchased area comprising of 10,395 sq ft. at DNR 90, Mahatama Gandhi Marg, Yashwant Niwas Road, Indore.
The manufacturing of jewellery products are done through job work from third parties. Further, DPAL also purchases readymade jewellery from independent jewelers. It has also entered into an agreement dated May 05, 2015 with R.S. Diamonds Private Limited for sale of diamond jewelleries under brand of “Divine Solitaires” from its retail outlets.
DPAL has also installed 5 wind turbine generators of 750 KW each in Village Bagia & Naveli, Ratlam, Madhya Pradesh in Sept.’12. In Jan.’13, the Company entered into an agreement with MPPMCL (M.P. Power Management Co. Ltd.) for exclusive sale of power, generated from wind turbine generators to MPPMCL. Company has outsourced all operations and maintenance activities relating to wind turbines to a third party.
| 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 | To meet Working Capital Requirements | 14.50 |
| 2 | To meet General Corporate Expenses | 1.32 |
The DP Abhushan IPO is subscribed [.] times on October 9, 2017 5:00:00 PM (Day 1). 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 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.72 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹32.65 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Lead Manager Reports
D.P.Abhushan IPO is a SME IPO of 59,32,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Oct 9, 2017, and closes on Wed, Oct 11, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in D.P.Abhushan IPO using UPI as a payment gateway. Zerodha customers can apply in D.P.Abhushan IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in D.P.Abhushan IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The D.P.Abhushan IPO opens on Mon, Oct 9, 2017 and closes on Wed, Oct 11, 2017.
D.P.Abhushan IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in D.P.Abhushan 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 D.P.Abhushan IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the D.P.Abhushan IPO allotment status.
The D.P.Abhushan IPO listing date is on Mon, Oct 23, 2017.
