Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Thu, Dec 21, 2017 - Tue, Dec 26, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 21, 2017
IPO Close
Tue, Dec 26, 2017
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹39.71 Cr
| IPO Date | 21 to 26 Dec, 2017 |
| Listed on | Wed, Jan 3, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,82,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,56,000 shares Guiness Securities Ltd. (agg. up to ₹0.5772 Cr) |
| Fresh Issue (Ex Market Maker) | 28,26,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 28,26,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 77,50,011 shares |
| Share Holding Post Issue | 1,07,32,011 shares |
| NSE Symbol | MOKSH |
| ISIN | INE514Y01012 |
Moksh Ornaments IPO comprises a total issue size of 29,82,000 shares. The net offer to the public is 28,26,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,13,000 (50.00%) allocated to NII 14,13,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,13,000 | 50.00% | 47.38% |
| Retail Shares Offered | 14,13,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.23% | |
| Total Shares Offered | 29,82,000 | 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 | ₹1,11,000 |
| 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.
| 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 | 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 |
The Moksh Ornaments IPO is subscribed [.] times on December 26, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 14,91,000 | 16,85,10,000 |
| Retail | [.] | 14,91,000 | 12,17,40,000 |
| Total | [.] | 29,82,000 | 29,03,55,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including, fees and reimbursement of underwriting commission, Brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrars etc. | 0.48 |
| 2 | Regulatory and other fees | 0.03 |
| 3 | Other Expenses (printing, stationery expenses, postage, RTA fees, brokerage etc.) | 0.11 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹44.40 |
| Low | ₹44.40 |
| High | ₹44.40 |
| Last Trade | ₹44.40 |
Lead Manager Reports
Moksh Ornaments IPO is a SME IPO of 29,82,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Dec 21, 2017, and closes on Tue, Dec 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 Thu, Dec 21, 2017 and closes on Tue, Dec 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 Wed, Jan 3, 2018.
