Bookbuilding IPO | ₹601 Cr | Listed at BSE, NSE | Mon, Dec 10, 2012 - Wed, Dec 12, 2012
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 per share. The lot size for an application is 90. The minimum amount of investment required by an retail is ₹12,150 (90 shares) (based on upper price). 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 Open
Mon, Dec 10, 2012
IPO Close
Wed, Dec 12, 2012
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹2,417.85 Cr
| IPO Date | 10 to 12 Dec, 2012 |
| Listed on | Thu, Dec 27, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹135 |
| Issue Price | ₹135 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 5.00 per share |
| Employee Discount | ₹5.00 |
| Total Issue Size | 4,51,33,500 shares (agg. up to ₹601 Cr) |
| Fresh Issue | 4,51,33,500 shares (agg. up to ₹601 Cr) |
| Share Holding Pre Issue | 13,39,66,500 shares |
| Share Holding Post Issue | 17,91,00,000 shares |
| BSE Script Code / NSE Symbol | 534809 / PCJEWELLER |
| ISIN | INE785M01013 |
PC Jeweller IPO comprises a total issue size of 4,51,33,500 shares. The net offer to the public is 4,47,75,000 shares, after excluding 3,58,500 shares under a preferential allotment. Of the Net offer 2,23,87,500 (50.00%) are allocated to QIB, 67,16,250 (15.00%) allocated to NII 1,56,71,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,23,87,500 | 50.00% | 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 | 15.00% | 14.88% | NA |
| Retail Shares Offered | 1,56,71,250 | 35.00% | 34.72% | 1,74,125 |
| Preferential Reservations | ||||
| Employee Shares Offered | 3,58,500 | 0.79% | NA | |
| Total Shares Offered | 4,51,33,500 | 100.00% | 100.00% | |
Investors can bid for a minimum of 90 shares and in multiples thereof.
| 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 |
| 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 |
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.
| 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 | To finance establishment of new showrooms | 516.85 |
| 2 | General corporate purposes | 46.44 |
| KPI | |
|---|---|
| RoNW | 0.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 93.61% | 70.02% |
| Market Cap | ₹2,417.85 Cr. |
The PC Jeweller IPO is subscribed 6.85 times on December 12, 2012 9:00:00 PM (Day 3). The public issue subscribed 1.68 times in the retail category, 7.33 times in the QIB category, and 18.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 7.33 | 1,56,71,250 | |
| NII | 18.12 | 67,16,250 | |
| Retail | 1.68 | 1,56,71,250 | |
| Employee | 0.96 | 3,58,500 | |
| Total | 6.85 | 3,84,17,250 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers and the Co-Book Running Lead Manager | 17.50 |
| 2 | Advertising and marketing expenses | 5.00 |
| 3 | Fees payable to the Registrar | 0.28 |
| 4 | Underwriting commission, fees payable to the Bankers to the Issue, brokerage and selling commission,as applicable | 1.91 |
| 5 | Processing fees to SCSBs for ASBA Applicationsprocured by the members of the Syndicate and submitted with the SCSBs | 0.07 |
| 6 | Others (legal fees, IPO Grading expense, listing fees, printing and stationery expenses etc.) | 13.24 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹135.00 | ₹135.00 |
| Open | ₹135.50 | ₹137.00 |
| Low | ₹135.50 | ₹137.00 |
| High | ₹154.75 | ₹154.70 |
| Last Trade | ₹149.00 | ₹149.20 |
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 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 90.
The IPO opens on Mon, Dec 10, 2012, and closes on Wed, Dec 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 Mon, Dec 10, 2012 and closes on Wed, Dec 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 Thu, Dec 27, 2012.
