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Radhika Jeweltech IPO is a fixed price issue of ₹49.50 crores. The issue is entirely a fresh issue of 0.66 crore shares of ₹49.50 crore.
Radhika Jeweltech IPO bidding started from Sep 14, 2016 and ended on Sep 20, 2016. The shares got listed on BSE SME on Sep 27, 2016.
Radhika Jeweltech IPO price is ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Corporate Strategic Allianz Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Radhika Jeweltech IPO RHP for detailed Information.
| IPO Date | September 14, 2016 to September 20, 2016 |
| Listing Date | September 27, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 66,00,000 shares (aggregating up to ₹49.50 Cr) |
| Reserved for Market Maker | 3,31,200 shares NNM Securities Pvt.Ltd. (aggregating up to ₹2.48 Cr) |
| Net Offered to Public | 62,68,800 shares (aggregating up to ₹47.02 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,36,00,000 shares |
Radhika Jeweltech IPO offers total 66,00,000 shares. Out of which 31,34,400 (47.49%) allocated to NII, 31,34,400 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,31,200 (5.02%) |
| NII (HNI) Shares Offered | 31,34,400 (47.49%) |
| Retail Shares Offered | 31,34,400 (47.49%) |
| Total Shares Offered | 66,00,000 (100.00%) |
Radhika Jeweltech IPO opens on September 14, 2016, and closes on September 20, 2016.
| IPO Open Date | Wed, Sep 14, 2016 |
| IPO Close Date | Tue, Sep 20, 2016 |
| Tentative Listing Date | Tue, Sep 27, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 20, 2016 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
Incorporated in 2014, Radhika Jeweltech Ltd is a jewellery retailer engaged in the business of manufacture, resale, export and import of Gold, Silver, precious and semi-precious metal ornaments and studded ornaments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Based in Rajkot, the company primarily sell gold jewellery and diamond studded Jewellery.
The design and manufacture of their products is done either in house or by third parties on job work basis. Visit chittorgarh.com for more detail. The Company make their product at different price points to cater for all customers across high-end, mid-market and value market segments. Apart from their own Jewellery, they are also dealing in the trading of branded jewellery. The Company deals only in jewellery certified by BIS Hallmark.
The Company Radhika Jeweltech 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 | Working Capital Requirement | 39.00 |
| 2 | General Corporate Purpose | 10.00 |
| 3 | Public Issue Expenses | 0.50 |
[Dilip Davda] No harm in giving this IPO a miss. The asking price is at a 100 P/E that makes it a highly priced issue. Other listed peers are trading around 7 to 36 P/E. Read detail review...
| Listing Date | September 27, 2016 |
| BSE Script Code | 540125 |
| NSE Symbol | RADHIKAJWE |
| ISIN | INE583V01013 |
| Final Issue Price | ₹75 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹73.95 |
| Low | ₹66.00 |
| High | ₹73.95 |
| Last Trade | ₹71.00 |
Radhika Jeweltech Ltd.
3-4-5,
'Raj Shrungi' Complex,
Palace Road,
Rajkot, Gujarat, 360001
Phone: +0281-2233100
Email: radhikajeweltech@gmail.com
Website: http://www.radhikajeweltech.com
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Radhika Jeweltech IPO is a SME IPO of 66,00,000 equity shares of the face value of ₹10 aggregating up to ₹49.50 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on September 14, 2016, and closes on September 20, 2016.
Satellite Corporate 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 Radhika Jeweltech IPO using UPI as a payment gateway. Zerodha customers can apply in Radhika Jeweltech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Radhika Jeweltech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Radhika Jeweltech IPO opens on September 14, 2016 and closes on September 20, 2016.
Radhika Jeweltech IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Radhika Jeweltech 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 Radhika Jeweltech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Radhika Jeweltech IPO allotment status.
The Radhika Jeweltech IPO listing date is on Tuesday, September 27, 2016.
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