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Pure Giftcarat IPO is a fixed price issue of ₹7.45 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹7.45 crore.
Pure Giftcarat IPO bidding started from Apr 26, 2017 and ended on Apr 28, 2017. The shares got listed on BSE SME on May 8, 2017.
Pure Giftcarat IPO price is ₹13.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (10000 shares). The minimum lot size investment for HNI is 2 lots (20,000 shares), amounting to ₹2,60,000.
Navigant Corporate Advisors 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 Alacrity Securities Ltd..
Refer to Pure Giftcarat IPO RHP for detailed Information.
| IPO Date | April 26, 2017 to April 28, 2017 |
| Listing Date | May 8, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹13 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 57,30,000 shares (aggregating up to ₹7.45 Cr) |
| Reserved for Market Maker | 2,90,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.3770 Cr) |
| Net Offered to Public | 54,40,000 shares (aggregating up to ₹7.07 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,58,85,000 shares |
| Share Holding Post Issue | 2,16,15,000 shares |
Pure Giftcarat IPO offers total 57,30,000 shares. Out of which 27,20,000 (47.47%) allocated to NII, 27,20,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,90,000 (5.06%) |
| NII (HNI) Shares Offered | 27,20,000 (47.47%) |
| Retail Shares Offered | 27,20,000 (47.47%) |
| Total Shares Offered | 57,30,000 (100.00%) |
Pure Giftcarat IPO opens on April 26, 2017, and closes on April 28, 2017.
| IPO Open Date | Wed, Apr 26, 2017 |
| IPO Close Date | Fri, Apr 28, 2017 |
| Tentative Listing Date | Mon, May 8, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Apr 28, 2017 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,30,000 |
| Retail (Max) | 1 | 10,000 | ₹1,30,000 |
| HNI (Min) | 2 | 20,000 | ₹2,60,000 |
Incorporated in 2011, Pure Giftcarat Limited engaged in the trading and retailing of diamonds and jewelry in Surat, India. They sells diamonds to various jewelry manufacturers, large department store chains, retail stores, and wholesalers. The company was formerly known as L’avance Dirays Limited and changed its name to Pure Giftcarat Limited in September 2015.
Pure Giftcarat are also engaged in the trading of real jewellery and cateing to low budget customer. Company's operations include sourcing of Diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in India.
The Company Pure Giftcarat 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 Meet Working Capital Requirement | 5.35 |
| 2 | Public Issue Expenses | 0.24 |
| 3 | General Corporate Purpose | 1.86 |
[Dilip Davda] Considering aggressive pricing, only risk savvy cash surplus investors may invest in this IPO. Read detail review...
| Listing Date | May 8, 2017 |
| BSE Script Code | 540492 |
| NSE Symbol | |
| ISIN | INE594W01026 |
| Final Issue Price | ₹13 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹13.00 |
| Open | ₹10.80 |
| Low | ₹10.80 |
| High | ₹14.50 |
| Last Trade | ₹13.25 |
Pure Giftcarat Ltd.
Plot - 828/829, 3 rd Floor,
Office - 3, Shree Kuberji Complex,
Athugar St. Nanpura Main Rd
Surat, Gujarat, 395001
Phone: +9 1 - 261 - 2473233
Email: info@puregiftcarat.com
Website: http://www.puregiftcarat.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pure Giftcarat IPO is a SME IPO of 57,30,000 equity shares of the face value of ₹10 aggregating up to ₹7.45 Crores. The issue is priced at ₹13 per share. The minimum order quantity is 10000.
The IPO opens on April 26, 2017, and closes on April 28, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Pure Giftcarat IPO using UPI as a payment gateway. Zerodha customers can apply in Pure Giftcarat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pure Giftcarat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pure Giftcarat IPO opens on April 26, 2017 and closes on April 28, 2017.
Pure Giftcarat IPO lot size is 10000, and the minimum amount required for application is ₹1,30,000.
You can apply in Pure Giftcarat 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 Pure Giftcarat IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pure Giftcarat IPO allotment status.
The Pure Giftcarat IPO listing date is on Monday, May 8, 2017.
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