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Moksh Ornaments IPO is a fixed price issue of ₹11.03 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹11.03 crore.
Moksh Ornaments IPO bidding started from Dec 21, 2017 and ended on Dec 26, 2017. The shares got listed on NSE SME on Jan 3, 2018.
Moksh Ornaments IPO price is ₹37.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Oneview Corporate Advisors Pvt.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 Guiness Securities Ltd..
Refer to Moksh Ornaments IPO RHP for detailed Information.
| IPO Date | December 21, 2017 to December 26, 2017 |
| Listing Date | January 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,82,000 shares (aggregating up to ₹11.03 Cr) |
| Reserved for Market Maker | 1,56,000 shares Guiness Securities Ltd. (aggregating up to ₹0.5772 Cr) |
| Net Offered to Public | 28,26,000 shares (aggregating up to ₹10.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 77,50,011 shares |
| Share Holding Post Issue | 1,07,32,011 shares |
Moksh Ornaments IPO offers total 29,82,000 shares. Out of which 14,13,000 (47.38%) allocated to NII, 14,13,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.23%) |
| NII (HNI) Shares Offered | 14,13,000 (47.38%) |
| Retail Shares Offered | 14,13,000 (47.38%) |
| Total Shares Offered | 29,82,000 (100.00%) |
Moksh Ornaments IPO opens on December 21, 2017, and closes on December 26, 2017.
| IPO Open Date | Thu, Dec 21, 2017 |
| IPO Close Date | Tue, Dec 26, 2017 |
| Tentative Listing Date | Wed, Jan 3, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 26, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Incorporated in 2012, Moksh Ornaments is Mumbai based company engaged in the business of manufacture and wholesale of jewellery. Company primarily sells gold jewellery and its product profile includes bangles, chain, and mangalsutra. Company gets its products designed by third party designers.
Commpany procure the required gold from various banks and local markets. Customers of the company get the jewellery hallmarked from BIS recognized Assaying and Hallmarking Centre.
The Company Moksh Ornaments IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding of working capital requirements of the Company | 7.42 |
| 2 | Repayment of certain Unsecured Loan availed by the Company | 3.00 |
| 3 | Issue Expenses | 0.61 |
[Dilip Davda] Considering reasonable pricing, moderate investment may be considered for medium to long term. (Subscribe). Read detail review...
| Listing Date | January 3, 2018 |
| BSE Script Code | |
| NSE Symbol | MOKSH |
| ISIN | INE514Y01012 |
| Final Issue Price | ₹37 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹44.40 |
| Low | ₹44.40 |
| High | ₹44.40 |
| Last Trade | ₹44.40 |
Moksh Ornaments Ltd.
701, 18/22, Champagali,
7th Floor,
Zaveri Bazaar,
Mumbai, Maharashtra, 400002
Phone: +91-22-61834395
Email: cs@mokshornaments.com
Website: http://www.mokshornaments.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Moksh Ornaments IPO is a SME IPO of 29,82,000 equity shares of the face value of ₹10 aggregating up to ₹11.03 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on December 21, 2017, and closes on December 26, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Moksh Ornaments IPO using UPI as a payment gateway. Zerodha customers can apply in Moksh Ornaments IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Moksh Ornaments IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Moksh Ornaments IPO opens on December 21, 2017 and closes on December 26, 2017.
Moksh Ornaments IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Moksh Ornaments 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 Moksh Ornaments IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Moksh Ornaments IPO allotment status.
The Moksh Ornaments IPO listing date is on Wednesday, January 3, 2018.
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