Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Eighty Jewellers IPO is a fixed price issue of ₹11.07 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹11.07 crore.
Eighty Jewellers IPO bidding started from Mar 31, 2022 and ended on Apr 5, 2022. The allotment for Eighty Jewellers IPO was finalized on Apr 8, 2022. The shares got listed on BSE SME on Apr 13, 2022.
Eighty Jewellers IPO price is ₹41.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,23,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,46,000.
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 Eighty Jewellers IPO RHP for detailed Information.
| IPO Date | March 31, 2022 to April 5, 2022 |
| Listing Date | April 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,00,000 shares (aggregating up to ₹11.07 Cr) |
| Reserved for Market Maker | 1,38,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.5658 Cr) |
| Net Offered to Public | 25,62,000 shares (aggregating up to ₹10.50 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 74,99,241 shares |
| Share Holding Post Issue | 1,01,99,241 shares |
Eighty Jewellers IPO offers total 27,00,000 shares. Out of which 12,81,000 (47.44%) allocated to NII, 12,81,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,38,000 (5.11%) |
| NII (HNI) Shares Offered | 12,81,000 (47.44%) |
| Retail Shares Offered | 12,81,000 (47.44%) |
| Total Shares Offered | 27,00,000 (100.00%) |
Eighty Jewellers IPO opens on March 31, 2022, and closes on April 5, 2022.
| IPO Open Date | Thu, Mar 31, 2022 |
| IPO Close Date | Tue, Apr 5, 2022 |
| Tentative Allotment | Fri, Apr 8, 2022 |
| Initiation of Refunds | Mon, Apr 11, 2022 |
| Credit of Shares to Demat | Tue, Apr 12, 2022 |
| Tentative Listing Date | Wed, Apr 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 5, 2022 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,23,000 |
| Retail (Max) | 1 | 3,000 | ₹1,23,000 |
| HNI (Min) | 2 | 6,000 | ₹2,46,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.
The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 3,398.90 | 3,197.30 | 3,174.94 | 2,745.60 | |
| Total Revenue | 4,436.05 | 7,868.89 | 6,490.63 | 8,192.05 | |
| Profit After Tax | 83.06 | 376.94 | 155.25 | 100.19 | |
The market capitalization of Eighty Jewellers IPO is ₹41.82 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25.15 |
Requirement of Funds and Utilization of Net Proceeds:
[Dilip Davda] The company is in a highly competitive and fragmented segment. Its financial performance has shown inconsistency in the top and bottom lines. The issue is aggressively priced. There is no harm in skipping this issue. Read detail review...
| Listing Date | April 13, 2022 |
| BSE Script Code | 543518 |
| NSE Symbol | |
| ISIN | INE0KSN01014 |
| Final Issue Price | ₹41 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹42.00 |
| Low | ₹42.00 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Eighty Jewellers Ltd.
Anup Plaza
Sadar Bazar,
Raipur, Chhattisgarh, 492001
Phone: +91-0771-2234737
Email: info@eightyjewels.in
Website: https://eightyjewels.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Eighty Jewellers IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹11.07 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000.
The IPO opens on March 31, 2022, and closes on April 5, 2022.
Bigshare 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 Eighty Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Eighty Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Eighty Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Eighty Jewellers IPO opens on March 31, 2022 and closes on April 5, 2022.
Eighty Jewellers IPO lot size is 3000, and the minimum amount required for application is ₹1,23,000.
You can apply in Eighty Jewellers 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 Eighty Jewellers IPO will be done on Friday, April 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 12, 2022. Check the Eighty Jewellers IPO allotment status.
The Eighty Jewellers IPO listing date is on Wednesday, April 13, 2022.
Useful Articles
RHP