Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Wed, Apr 26, 2017 - Fri, Apr 28, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Apr 26, 2017
IPO Close
Fri, Apr 28, 2017
Issue Price
₹13 per share
Market Cap (Pre-IPO)
₹28.10 Cr
| IPO Date | 26 to 28 Apr, 2017 |
| Listed on | Mon, May 8, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹13 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 57,30,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 2,90,000 shares Alacrity Securities Ltd. (agg. up to ₹0.3770 Cr) |
| Fresh Issue (Ex Market Maker) | 54,40,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 54,40,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 1,58,85,000 shares |
| Share Holding Post Issue | 2,16,15,000 shares |
| BSE Script Code | 540492 |
| ISIN | INE594W01026 |
Pure Giftcarat IPO comprises a total issue size of 57,30,000 shares. The net offer to the public is 54,40,000 shares, after excluding 2,90,000 shares allotted on a firm basis. Of the Net offer 27,20,000 (50.00%) allocated to NII 27,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,20,000 | 50.00% | 47.47% |
| Retail Shares Offered | 27,20,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,90,000 | 5.06% | |
| Total Shares Offered | 57,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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.
| 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 Meet Working Capital Requirement | 5.35 |
| 2 | Public Issue Expenses | 0.24 |
| 3 | General Corporate Purpose | 1.86 |
The Pure Giftcarat IPO is subscribed [.] times on April 28, 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 |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Merchant Banker , Registrar Fees, Legal Fees & Misc. Expenditure | 0.19 |
| 2 | Fees payable to Marketing Maker | 0.02 |
| 3 | Advertising and Marketing Expenses | 0.01 |
| 4 | Statutory Expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹13.00 |
| Open | ₹10.80 |
| Low | ₹10.80 |
| High | ₹14.50 |
| Last Trade | ₹13.25 |
Lead Manager Reports
Pure Giftcarat IPO is a SME IPO of 57,30,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹13 per share. The minimum order quantity is 10000.
The IPO opens on Wed, Apr 26, 2017, and closes on Fri, Apr 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 Wed, Apr 26, 2017 and closes on Fri, Apr 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 Mon, May 8, 2017.
