Fixed Price IPO | ₹50 Cr | Listed at BSE SME | Wed, Sep 14, 2016 - Tue, Sep 20, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 14, 2016
IPO Close
Tue, Sep 20, 2016
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹177.00 Cr
| IPO Date | 14 to 20 Sep, 2016 |
| Listed on | Tue, Sep 27, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 66,00,000 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 3,31,200 shares NNM Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 62,68,800 shares (agg. up to ₹47 Cr) |
| Net Offered to Public | 62,68,800 shares (agg. up to ₹47 Cr) |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,36,00,000 shares |
| BSE Script Code | 540125 RADHIKAJWE |
| ISIN | INE583V01013 |
Radhika Jeweltech IPO comprises a total issue size of 66,00,000 shares. The net offer to the public is 62,68,800 shares, after excluding 3,31,200 shares allotted on a firm basis. Of the Net offer 31,34,400 (50.00%) allocated to NII 31,34,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,34,400 | 50.00% | 47.49% |
| Retail Shares Offered | 31,34,400 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,31,200 | 5.02% | |
| Total Shares Offered | 66,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirement | 39.00 |
| 2 | General Corporate Purpose | 10.00 |
| 3 | Public Issue Expenses | 0.50 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses. | 0.35 |
| 2 | Printing & Stationery and Postage Expenses | 0.02 |
| 3 | Marketing and Advertisement Expenses | 0.03 |
| 4 | Regulatory fees and other expenses | 0.06 |
| 5 | Other Miscellaneous expenses | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹73.95 |
| Low | ₹66.00 |
| High | ₹73.95 |
| Last Trade | ₹71.00 |
Satellite Corporate Services Pvt.Ltd.
Lead Manager Reports
Radhika Jeweltech IPO is a SME IPO of 66,00,000 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 14, 2016, and closes on Tue, Sep 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 Wed, Sep 14, 2016 and closes on Tue, Sep 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 Tue, Sep 27, 2016.
