Fixed Price IPO | ₹11 Cr | Listed at BSE SME | Thu, Mar 31, 2022 - Tue, Apr 5, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 31, 2022
IPO Close
Tue, Apr 5, 2022
Issue Price
₹41 per share
Market Cap (Pre-IPO)
₹41.82 Cr
| IPO Date | 31 Mar to 5 Apr, 2022 |
| Listed on | Wed, Apr 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹41 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,38,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.5658 Cr) |
| Fresh Issue (Ex Market Maker) | 25,62,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 25,62,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 74,99,241 shares |
| Share Holding Post Issue | 1,01,99,241 shares |
| BSE Script Code | 543518 |
| ISIN | INE0KSN01014 |
Eighty Jewellers IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,62,000 shares, after excluding 1,38,000 shares allotted on a firm basis. Of the Net offer 12,81,000 (50.00%) allocated to NII 12,81,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,81,000 | 50.00% | 47.44% |
| Retail Shares Offered | 12,81,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,38,000 | 5.11% | |
| Total Shares Offered | 27,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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:
| 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 | 9.00 |
| 2 | General Corporate Purpose | 0.85 |
| KPI | |
|---|---|
| ROE | 40.58% |
| ROCE | 51.43% |
| Debt/Equity | 1.33 |
| RoNW | 40.58% |
| PAT Margin | 4.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.03 | |
| P/E (x) | 25.15 | |
| Promoter Holding | 100% | |
| Market Cap | ₹41.82 Cr. |
The Eighty Jewellers IPO is subscribed 2.45 times on April 5, 2022 7:17:00 PM (Day 4). The public issue subscribed 2.03 times in the retail category, [.] times in the QIB category, and 2.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.88 | 12,81,000 | 36,84,000 |
| Retail | 2.03 | 12,81,000 | 25,98,000 |
| Total | 2.45 | 25,62,000 | 62,82,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.03 |
| 5 | Payment for Printing & Stationery, Postage, etc | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.04 |
| 7 | Payment for Underwriting fees | 0.11 |
| 8 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees* and Miscellaneous Expenses) | 0.77 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹41.00 |
| Open | ₹42.00 |
| Low | ₹42.00 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Lead Manager Reports
Eighty Jewellers IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 31, 2022, and closes on Tue, Apr 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 Thu, Mar 31, 2022 and closes on Tue, Apr 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 Tue, Apr 12, 2022. Check the Eighty Jewellers IPO allotment status.
The Eighty Jewellers IPO listing date is on Wed, Apr 13, 2022.
