Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Jan 24, 2018 - Tue, Jan 30, 2018
Gautam Gems IPO is a fixed price issue of ₹7.56 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹7.56 crore.
Gautam Gems IPO bidding started from Jan 24, 2018 and ended on Jan 30, 2018. The shares got listed on BSE SME on Feb 7, 2018.
Gautam Gems IPO price is ₹36 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
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 Beeline Broking Ltd..
Refer to Gautam Gems IPO RHP for detailed Information.
IPO Open
Wed, Jan 24, 2018
IPO Close
Tue, Jan 30, 2018
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹19.77 Cr
| IPO Date | 24 to 30 Jan, 2018 |
| Listed on | Wed, Feb 7, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,05,000 shares Beeline Broking Ltd. (agg. up to ₹0.3780 Cr) |
| Fresh Issue (Ex Market Maker) | 19,95,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 19,95,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 33,91,108 shares |
| Share Holding Post Issue | 54,91,108 shares |
| BSE Script Code | 540936 |
| ISIN | INE063Z01017 |
Gautam Gems IPO comprises a total issue size of 21,00,000 shares. The net offer to the public is 19,95,000 shares, after excluding 1,05,000 shares allotted on a firm basis. Of the Net offer 9,97,500 (50.00%) allocated to NII 9,97,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,97,500 | 50.00% | 47.50% |
| Retail Shares Offered | 9,97,500 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,05,000 | 5.00% | |
| Total Shares Offered | 21,00,000 | 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 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2014, Gautam Gems Ltd is Surat, Gujarat based company engaged in manufacturing and trading of diamonds of rough and polished diamonds.
Company purchase the rough diamonds and polish them in-house at its Surat office. The polished diamonds are sold to jewellery manufacturers, jewellery wholesalers, jewellery retailers, jewellery traders, diamond wholesalers, diamond retailers.
Company also sells rough diamonds to rough diamond traders and diamond manufacturers in domestic markets. Company has its independent sales and distribution network for its products within the domestic markets.
| 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 | 7.27 |
| 2 | Issue Expenses | 0.29 |
The Gautam Gems IPO is subscribed 5.2 times on January 30, 2018 5:00:00 PM (Day 4). The public issue subscribed 9.61 times in the retail category, [.] times in the QIB category, and 0.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.78 | 9,97,500 | 7,77,000 |
| Retail | 9.61 | 9,97,500 | 95,88,000 |
| Total | 5.2 | 19,95,000 | 1,03,65,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.24 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹34.15 |
| Low | ₹28.80 |
| High | ₹43.00 |
| Last Trade | ₹34.60 |
Lead Manager Reports
Gautam Gems IPO is a SME IPO of 21,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Jan 24, 2018, and closes on Tue, Jan 30, 2018.
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 Gautam Gems IPO using UPI as a payment gateway. Zerodha customers can apply in Gautam Gems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gautam Gems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gautam Gems IPO opens on Wed, Jan 24, 2018 and closes on Tue, Jan 30, 2018.
Gautam Gems IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Gautam Gems 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 Gautam Gems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gautam Gems IPO allotment status.
The Gautam Gems IPO listing date is on Wed, Feb 7, 2018.
