Bookbuilding IPO | ₹332 Cr | Listed at BSE, NSE | Thu, Feb 16, 2006 - Tue, Feb 21, 2006
Gitanjali Gems IPO is a book build issue of ₹331.50 crores. The issue is entirely a fresh issue of 1.70 crore shares of ₹331.50 crore.
Gitanjali Gems IPO bidding started from Feb 16, 2006 and ended on Feb 21, 2006. The shares got listed on the NSE and the BSE on Mar 10, 2006.
Gitanjali Gems IPO is set final issue price at ₹195 per share.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gitanjali Gems IPO RHP for detailed Information.
IPO Open
Thu, Feb 16, 2006
IPO Close
Tue, Feb 21, 2006
Issue Price
₹195 per share
Market Cap (Pre-IPO)
₹1,150.47 Cr
| IPO Date | 16 to 21 Feb, 2006 |
| Listed on | Fri, Mar 10, 2006 |
| Face Value | ₹10 per share |
| Price Band | ₹170 to ₹195 |
| Issue Price | ₹195 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,70,00,000 shares (agg. up to ₹332 Cr) |
| Fresh Issue | 1,70,00,000 shares (agg. up to ₹332 Cr) |
| Share Holding Pre Issue | 4,19,98,495 shares |
| Share Holding Post Issue | 5,89,98,495 shares |
| BSE Script Code / NSE Symbol | 532715 / GITANJALI |
| ISIN | INE346H01014 |
Gitanjali Gems IPO comprises a total issue size of 1,70,00,000 shares. The net offer to the public is 1,68,50,000 shares, after excluding 1,50,000 shares under a preferential allotment. Of the Net offer 84,25,000 (50.00%) are allocated to QIB, 25,27,500 (15.00%) allocated to NII 58,97,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 84,25,000 | 50.00% | 49.56% |
| NII (HNI) Shares Offered | 25,27,500 | 15.00% | 14.87% |
| Retail Shares Offered | 58,97,500 | 35.00% | 34.69% |
| Preferential Reservations | |||
| Employee Shares Offered | 1,50,000 | 0.88% | |
| Total Shares Offered | 1,70,00,000 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII 'OR' NII limits | Yes (EMP/RII) |
Gitanjali Gems Ltd. is a fully integrated diamond and jewellery company and rank among the leading manufacturers and retailers in India. Its business spans the entire value chain—from procuring rough diamonds in global markets to processing, manufacturing, and retailing finished products. The company source rough diamonds from both primary and secondary international suppliers, undertake in-house cutting and polishing, and cater to export markets as well as domestic and overseas retail segments.
Its export footprint is well diversified, with cut and polished diamonds supplied to key global markets including Europe (notably Antwerp and Italy), the United States, the Middle East, and major Asian hubs such as Japan, China, Hong Kong, and Thailand. The company operates advanced diamond processing facilities in Mumbai and Surat. Its Borivali facility in Mumbai, spread across 40,000 square feet, is equipped with modern technology and staffed by over 1,200 skilled professionals.
In the jewellery segment, the company designs, manufactures, and market a wide range of diamond-studded, gold, and platinum jewellery. Its flagship manufacturing facility at the Santacruz Electronic Export Processing Zone (SEEPZ) in Andheri, Mumbai spans 80,000 square feet and employs more than 800 personnel. Additionally, the business operates two manufacturing units at MIDC, Andheri, which focus on producing branded jewellery collections for the domestic retail market.
Its domestic retail presence is supported by a widespread sales and distribution network. As of September 30, 2005, the company marketed its branded jewellery through 26 exclusive distributors, reaching approximately 620 outlets across India. This network includes shop-in-shop formats, standalone stores, and franchise-operated outlets, collectively spanning around 30 cities and towns.
Competitive Strengths:
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 1,574.46 | 756.98 | 686.69 | 669.55 |
| Total Income | 1,152.23 | 1,358.53 | 1,215.13 | 1,145.47 |
| Profit After Tax | 25.91 | 8.86 | 11.72 | 18.63 |
| EBITDA | 50.26 | 27.68 | 30.76 | 47.95 |
| NET Worth | 346.04 | 224.51 | 214.30 | 199.41 |
| Reserves and Surplus | 248.20 | 190.70 | 181.88 | 168.13 |
| Total Borrowing | 625.65 | 313.81 | 300.01 | 278.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in subsidiaries, joint ventures and associate companies | 185.20 |
| 2 | Capital expenditure for expansion of retail operations | 6.72 |
| 3 | Setting up of a diamond manufacturing facility at the Gems and Jewellery Special Economic Zone at Hyderabad | 21.00 |
| 4 | Setting up of a jewellery manufacturing facility at the Gems and Jewellery Special Economic Zone at Hyderabad | 24.25 |
| 5 | Setting up of an additional jewellery manufacturing facility at Andheri, Mumbai | 23.25 |
| 6 | Expanding jewellery manufacturing facility and setting up of diamond manufacturing facility at SEEPZ, Mumbai | 24.75 |
| 7 | Working capital purposes | 127.29 |
| 8 | Future acquisitions and general corporate purposes | 39.01 |
| 9 | Issue expenses | 20.03 |
| Total | 471.50 |
| KPI | Sep 30, 2005 | Mar 31, 2005 |
|---|---|---|
| RoNW | 7.15% | 4.55% |
| Price to Book Value | 2.61 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.11 | 8.78 |
| P/E (x) | 92.49 | 22.2 |
| Promoter Holding | 95.24% | 67.8% |
| Market Cap | ₹1,150.47 Cr. |
The Gitanjali Gems IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 15.00 | 1,70,00,000 | 25,49,56,322 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, underwriting and selling commission | 12.43 |
| 2 | Advertisement and Marketing expenses | 2.40 |
| 3 | Printing and stationery | 3.20 |
| 4 | Others (Registrars fee, legal fee, listing fee, etc) | 2.00 |
| Total | 20.03 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹195.00 | ₹195.00 |
| Open | ₹215.00 | ₹210.00 |
| Low | ₹164.10 | ₹165.00 |
| High | ₹220.00 | ₹226.10 |
| Last Trade | ₹167.15 | ₹167.60 |
Lead Manager Reports
Gitanjali Gems IPO is a main-board IPO of 1,70,00,000 equity shares of the face value of ₹10 aggregating up to ₹332 Crores. The issue is priced at ₹195 per share. The minimum order quantity is .
The IPO opens on Thu, Feb 16, 2006, and closes on Tue, Feb 21, 2006.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gitanjali Gems IPO using UPI as a payment gateway. Zerodha customers can apply in Gitanjali Gems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gitanjali Gems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gitanjali Gems IPO opens on Thu, Feb 16, 2006 and closes on Tue, Feb 21, 2006.
Gitanjali Gems IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Gitanjali 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 Gitanjali Gems IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gitanjali Gems IPO allotment status.
The Gitanjali Gems IPO listing date is on Fri, Mar 10, 2006.
