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PC Jeweller IPO is a book build issue of ₹601.31 crores. The issue is entirely a fresh issue of 4.51 crore shares of ₹601.31 crore.
PC Jeweller IPO bidding started from Dec 10, 2012 and ended on Dec 12, 2012. The shares got listed on BSE, NSE on Dec 27, 2012.
PC Jeweller IPO price band is set at ₹135.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹11,250 (90 shares). The lot size investment for sNII is 17 lots (1,530 shares), amounting to ₹2,06,550, and for bNII, it is 83 lots (7,470 shares), amounting to ₹10,08,450.
The issue includes a reservation of up to 3,58,500 shares for employees offered at a discount of ₹5.00 to the issue price.
IDBI Capital Markets Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to PC Jeweller IPO RHP for detailed Information.
| IPO Date | December 10, 2012 to December 12, 2012 |
| Listing Date | December 27, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹125 to ₹135 per share |
| Issue Price Final | ₹135 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,51,33,500 shares (aggregating up to ₹601.31 Cr) |
| Retail Discount | Rs 5.00 per share |
| Employee Discount | ₹5.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 13,39,66,500 shares |
| Share Holding Post Issue | 17,91,00,000 shares |
PC Jeweller IPO offers total 4,51,33,500 shares. Out of which 2,23,87,500 (49.60%) allocated to QIB, 1,56,71,250 (34.72%) allocated to QIB, 67,16,250 (14.88%) allocated to NII, 1,56,71,250 (34.72%) allocated to RII and 67,16,250 (14.88%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,23,87,500 (49.60%) | NA |
| − Anchor Investor Shares Offered | 67,16,250 (14.88%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,56,71,250 (34.72%) | NA |
| NII (HNI) Shares Offered | 67,16,250 (14.88%) | NA |
| Retail Shares Offered | 1,56,71,250 (34.72%) | 1,74,125 |
| Employee Shares Offered | 3,58,500 (0.79%) | NA |
| Total Shares Offered | 4,51,33,500 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
PC Jeweller IPO opens on December 10, 2012, and closes on December 12, 2012.
| IPO Open Date | Mon, Dec 10, 2012 |
| IPO Close Date | Wed, Dec 12, 2012 |
| Tentative Listing Date | Thu, Dec 27, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 12, 2012 |
Investors can bid for a minimum of 90 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 | 90 | ₹12,150 |
| Retail (Max) | 16 | 1,440 | ₹1,94,400 |
| S-HNI (Min) | 17 | 1,530 | ₹2,06,550 |
| S-HNI (Max) | 82 | 7,380 | ₹9,96,300 |
| B-HNI (Min) | 83 | 7,470 | ₹10,08,450 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, PC Jeweller Ltd is an established jewellery retailer in North India. Company's operations include the manufacture, retail and wholesale of jewellery. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles. They provide 100% Hallmarked jewellery and Certified Diamond jewellery.
In addition to their retail operations, they also sell gold and diamond jewellery on a wholesale basis to other jewellery retailers in India. They also export gold and diamond jewellery on a wholesale basis to international distributors in Dubai, Hong Kong and Singapore.
PC Jeweller have 30 showrooms under the "PC Jeweller" brand located across 23 cities in north and central India. Company is planning to expand their showroom network across India by adding 20 more in next two years, including in southern and western parts of India. They have manufacturing facilities at 5 locations.
| Particulars | For the year/period ended (in Rs. Million) | |||||
| 30-Sep-12 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | |
| Total Income | 20,642.40 | 36,742.07 | 22,096.23 | 11,044.53 | 6,923.84 | 3,767.54 |
| Profit After Tax (PAT) | 1,413.04 | 2,312.91 | 1,448.65 | 664.57 | 309.80 | 129.68 |
| KPI | Values |
|---|---|
| RoNW | 0.41% |
The Company PC Jeweller 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 | To finance establishment of new showrooms | 516.85 |
| 2 | General corporate purposes | 46.44 |
[Dilip Davda] <p>As far company's performance is concerned, for last three fiscals it has posted average EPS of Rs. 13.40 and for first half of the current fiscal it stands at Rs. 10.60 along with NAV of Rs. 52.08. It has issued bonus in the ratio of 2 shares for every 1 share held in September 2011. Thus the asking price is at around 8.5 P/E on fully diluted equity and is thus priced reasonably compared to its peer that are quoting around 13 to 42 P/E. Considering fancy for gem and jewellery sector counters, <strong><span style="text-decoration: underline;">investment is recommended.</span></strong></p> Read detail review...
CRISIL has assigned a IPO Grade 3/5 to the IPO of PC Jeweller. This grade indicates that the fundamentals of the PC Jeweller IPO are 'average' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.
Read PC Jeweller IPO Grading Report
The promoter of PC Jeweller has offered Rs 5 discount to retail investors and employees in PC Jeweller IPO shares. The discount will be given on the final price of the IPO shares.
| Listing Date | December 27, 2012 |
| BSE Script Code | 534809 |
| NSE Symbol | PCJEWELLER |
| ISIN | INE785M01013 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | B |
PC Jeweller Ltd.
24/2708,
Bank Street,
Karol Bagh,
New Delhi, New Delhi, 110005
Phone: (+91 11) 4710 4810
Email: investors@pcjewellers.com
Website: http://www.pcjewellers.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pcjeweller.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
PC Jeweller IPO is a main-board IPO of 4,51,33,500 equity shares of the face value of ₹10 aggregating up to ₹601.31 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 90.
The IPO opens on December 10, 2012, and closes on December 12, 2012.
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 PC Jeweller IPO using UPI as a payment gateway. Zerodha customers can apply in PC Jeweller IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PC Jeweller IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PC Jeweller IPO opens on December 10, 2012 and closes on December 12, 2012.
PC Jeweller IPO lot size is 90, and the minimum amount required for application is ₹12,150.
You can apply in PC Jeweller 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 PC Jeweller IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PC Jeweller IPO allotment status.
The PC Jeweller IPO listing date is on Thursday, December 27, 2012.
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