Bookbuilding IPO | ₹127 Cr | Listed at BSE, NSE | Tue, Mar 23, 2010 - Fri, Mar 26, 2010
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 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹5,800 (40 shares) (based on upper price). 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 Open
Tue, Mar 23, 2010
IPO Close
Fri, Mar 26, 2010
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹436.44 Cr
| IPO Date | 23 to 26 Mar, 2010 |
| Listed on | Fri, Apr 16, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹135 to ₹145 |
| Issue Price | ₹135 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 93,71,000 shares (agg. up to ₹127 Cr) |
| Fresh Issue | 93,71,000 shares (agg. up to ₹127 Cr) |
| Share Holding Pre Issue | 2,23,29,000 shares |
| Share Holding Post Issue | 3,23,29,000 shares |
| BSE Script Code / NSE Symbol | 533189 / GOENKA |
| ISIN | INE516K01024 |
Goenka Diamond IPO comprises a total issue size of 1,00,00,000 shares. Out of which, 50,00,000 (50.00%) are allocated to QIB, 15,00,000 (15.00%) allocated to NII 35,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| 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 |
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.
| 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 | Establishment of G WILD Stores | 5.17 |
| 2 | Establishment of CERES Stores | 2.13 |
| 3 | Working capital requirement for jewellery business | 84.60 |
| 4 | Establishment of jewellery manufacturing facility | 3.84 |
| 5 | Establishment of diamond processing facility | 3.29 |
| 6 | Investment in the Subsidiary | 25.00 |
| 7 | General corporate purposes |
| KPI | |
|---|---|
| RoNW | 38.96% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 19.98% | 13.8% |
| Market Cap | ₹436.44 Cr. |
The Goenka IPO is subscribed 1.07 times on March 26, 2010 6:00:00 PM (Day 3). The public issue subscribed 0.66 times in the retail category, 0.78 times in the QIB category, and 3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.78 | 50,00,000 | |
| NII | 3 | 15,00,000 | |
| Retail | 0.66 | 35,00,000 | |
| Total | 1.07 | 1,00,00,000 |
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
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹135.00 | ₹135.00 |
| Open | ₹130.00 | ₹124.00 |
| Low | ₹92.35 | ₹92.20 |
| High | ₹141.35 | ₹141.00 |
| Last Trade | ₹127.85 | ₹127.60 |
Lead Manager Reports
Goenka Diamond IPO is a main-board IPO of 93,71,000 equity shares of the face value of ₹10 aggregating up to ₹127 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 40.
The IPO opens on Tue, Mar 23, 2010, and closes on Fri, Mar 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 Tue, Mar 23, 2010 and closes on Fri, Mar 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 Fri, Apr 16, 2010.
