Bookbuilding IPO | ₹80 Cr | Listed at BSE, NSE | Mon, Nov 19, 2007 - Wed, Nov 21, 2007
Renaissance Jewellery IPO is a book build issue of ₹79.86 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹79.86 crore.
Renaissance Jewellery IPO bidding started from Nov 19, 2007 and ended on Nov 21, 2007. The shares got listed on BSE, NSE on Dec 12, 2007.
Renaissance Jewellery IPO price band is set at ₹150 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹6,750 (45 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,350 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (6,705 shares), amounting to ₹10,05,750.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Renaissance Jewellery IPO RHP for detailed Information.
IPO Open
Mon, Nov 19, 2007
IPO Close
Wed, Nov 21, 2007
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹275.39 Cr
| IPO Date | 19 to 21 Nov, 2007 |
| Listed on | Wed, Dec 12, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 53,24,240 shares (agg. up to ₹80 Cr) |
| Fresh Issue | 53,24,240 shares (agg. up to ₹80 Cr) |
| Share Holding Pre Issue | 1,30,35,200 shares |
| Share Holding Post Issue | 1,83,59,440 shares |
| BSE Script Code / NSE Symbol | 532923 / RGL |
| ISIN | INE722H01024 |
Renaissance Jewellery IPO comprises a total issue size of 53,24,240 shares. Out of which, 26,62,120 (50.00%) are allocated to QIB, 7,98,636 (15.00%) allocated to NII 18,63,484 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 26,62,120 | 50.00% | NA |
| NII (HNI) Shares Offered | 7,98,636 | 15.00% | NA |
| Retail Shares Offered | 18,63,484 | 35.00% | 41,410 |
| Total Shares Offered | 53,24,240 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (Max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (Min) | 149 | 6,705 | ₹10,05,750 |
Incorporated in 1989, Renaissance Jewellery Limited (RJL) is in the business of manufacture and sale of studded gold, platinum and silver jewellery. Renaissance product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in precious metals like gold, platinum and silver. Renaissance has three manufacturing units, two in Mumbai and one at Bhavnagar, Gujarat.
Renaissance mainly manufactures jewellery items for its international customers. Companies also market its studded jewellery products in domestic market through its retail stores operated by its subsidiary, Renaissance Retail Venture Private Limited (RRVPL). RRVPL currently has 8 retail outlets. The retail products sold by RRVPL are under the brand name "Lucera".
Renaissance's sales for Fiscal 2002 were Rs. 555.54 million which has increased to Rs. 3,344.00 million for Fiscal 2006 at a CAGR of 56.63%. Renaissance's sales for the nine months period ended December 2006 was Rs. 3,520.17 million. Company's net profit after taxes for Fiscal 2002 was Rs. 30.27 million which has increased to Rs. 155.39 million for Fiscal 2006 at a CAGR of 50.52%. Company's net profit for the nine months period ended December 2006 was Rs. 201.76 million.
| 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 | Expansion of manufacturing Capacity at Bhavnagar unit (100% EOU) | 10.50 |
| 2 | Expansion of Capacity and modernization of our Mumbai units | 3.57 |
| 3 | Investment in foreign Subsidiary | 35.00 |
| 4 | Augmenting working capital requirements | 20.93 |
| 5 | Further expansion / General corporate purposes | 3.38 |
| 6 | To meet expenses of the Issue | 6.49 |
| KPI | |
|---|---|
| RoNW | 25.5% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 62.01% |
| Market Cap | ₹275.39 Cr. |
The Renaissance IPO is subscribed 23.63 times on November 21, 2007 5:00:00 PM (Day 3). The public issue subscribed 10.51 times in the retail category, 23.13 times in the QIB category, and 55.93 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 | BRLM fees, Underwriting and Selling commission | 2.68 |
| 2 | Printing, Stationary and Dispatch Expenses | 1.52 |
| 3 | Advertising and Marketing Expenses | 1.46 |
| 4 | Other Expenses (Listing fees, SEBI filing fees, Bidding Charges, Registrars fees, depository fees etc) | 0.83 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹190.00 | ₹190.00 |
| Low | ₹163.00 | ₹163.05 |
| High | ₹200.00 | ₹190.00 |
| Last Trade | ₹164.80 | ₹164.90 |
Lead Manager Reports
Renaissance Jewellery IPO is a main-board IPO of 53,24,240 equity shares of the face value of ₹10 aggregating up to ₹80 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on Mon, Nov 19, 2007, and closes on Wed, Nov 21, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Renaissance Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in Renaissance Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Renaissance Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Renaissance Jewellery IPO opens on Mon, Nov 19, 2007 and closes on Wed, Nov 21, 2007.
Renaissance Jewellery IPO lot size is 45, and the minimum amount required for application is ₹6,750.
You can apply in Renaissance Jewellery 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 Renaissance Jewellery IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Renaissance Jewellery IPO allotment status.
The Renaissance Jewellery IPO listing date is on Wed, Dec 12, 2007.
