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Goenka Diamond IPO is a book build issue of ₹126.51 crores. The issue is entirely a fresh issue of 0.94 crore shares of ₹126.51 crore.
Goenka Diamond IPO bidding started from Mar 23, 2010 and ended on Mar 26, 2010. The shares got listed on BSE, NSE on Apr 16, 2010.
Goenka Diamond IPO price band is set at ₹135.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,400 (40 shares). The lot size investment for sNII is 38 lots (1,520 shares), amounting to ₹2,05,200, and for bNII, it is 186 lots (7,440 shares), amounting to ₹10,04,400.
SBI Capital Markets Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Goenka Diamond IPO RHP for detailed Information.
| IPO Date | March 23, 2010 to March 26, 2010 |
| Listing Date | April 16, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹135 to ₹145 per share |
| Issue Price Final | ₹135 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 93,71,000 shares (aggregating up to ₹126.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,23,29,000 shares |
| Share Holding Post Issue | 3,23,29,000 shares |
Goenka IPO offers total 1,00,00,000 shares. Out of which 50,00,000 (50.00%) allocated to QIB, 15,00,000 (15.00%) allocated to NII, 35,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 50,00,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 15,00,000 (15.00%) | NA |
| Retail Shares Offered | 35,00,000 (35.00%) | 87,500 |
| Total Shares Offered | 1,00,00,000 (100.00%) |
Goenka Diamond IPO opens on March 23, 2010, and closes on March 26, 2010.
| IPO Open Date | Tue, Mar 23, 2010 |
| IPO Close Date | Fri, Mar 26, 2010 |
| Tentative Listing Date | Fri, Apr 16, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 26, 2010 |
Investors can bid for a minimum of 40 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 | 40 | ₹5,400 |
| Retail (Max) | 37 | 1,480 | ₹1,99,800 |
| S-HNI (Min) | 38 | 1,520 | ₹2,05,200 |
| S-HNI (Max) | 185 | 7,400 | ₹9,99,000 |
| B-HNI (Min) | 186 | 7,440 | ₹10,04,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1990, Goenka Diamond & Jewels Limited is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. Goenka's product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold. Company has its own diamond processing unit at SEZ in Surat and in Mumbai.
Goenka Diamonds retail its diamond jewellery under two brands CERES and G WILD. Company retail high end diamond jewellery under the CERES brand targeting the top-end segment of the society while G WILD focuses on internationally designed diamond jewellery targeting the youth.
| KPI | Values |
|---|---|
| RoNW | 38.96% |
The Company Goenka IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Establishment of G WILD Stores | 51.67 |
| 2 | Establishment of CERES Stores | 21.30 |
| 3 | Working capital requirement for jewellery business | 846.00 |
| 4 | Establishment of jewellery manufacturing facility | 38.44 |
| 5 | Establishment of diamond processing facility | 32.92 |
| 6 | Investment in the Subsidiary | 250.00 |
| 7 | General corporate purposes | |
| 8 | Issue expenses |
ICRA has assigned an IPO Grade 2 to Goenka Diamond & Jewels Limited IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Goenka Diamond & Jewels Limited
| Listing Date | April 16, 2010 |
| BSE Script Code | 533189 |
| NSE Symbol | GOENKA |
| ISIN | INE516K01024 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | B |
Goenka Diamond & Jewels Ltd.
401, Panchratana,
Moti Singhbhomiyon Ka Rasta,
Johari Bazar,
Jaipur, Rajasthan, 302003
Phone: + 91 141 2574175
Email: harshita@goenkadiamonds.com
Website: http://www.gdjl.co.in
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: varghese@karvy.com
Website: https://ipostatus.kfintech.com/
Goenka Diamond IPO is a main-board IPO of 93,71,000 equity shares of the face value of ₹10 aggregating up to ₹126.51 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 40.
The IPO opens on March 23, 2010, and closes on March 26, 2010.
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 Goenka Diamond IPO using UPI as a payment gateway. Zerodha customers can apply in Goenka Diamond IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Goenka Diamond IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Goenka Diamond IPO opens on March 23, 2010 and closes on March 26, 2010.
Goenka Diamond IPO lot size is 40, and the minimum amount required for application is ₹5,400.
You can apply in Goenka Diamond 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 Goenka Diamond IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Goenka Diamond IPO allotment status.
The Goenka Diamond IPO listing date is on Friday, April 16, 2010.
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