Bookbuilding IPO | ₹371 Cr | Listed at BSE, NSE | Fri, Mar 19, 2010 - Tue, Mar 23, 2010
Shree Ganesh Jewellery IPO is a book build issue of ₹371.02 crores. The issue is a combination of fresh issue of 1.21 crore shares aggregating to ₹315.55 crores and offer for sale of 0.21 crore shares aggregating to ₹55.47 crores.
Shree Ganesh Jewellery IPO bidding started from Mar 19, 2010 and ended on Mar 23, 2010. The shares got listed on BSE, NSE on Apr 9, 2010.
Shree Ganesh Jewellery IPO price band is set at ₹260 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,750 (25 shares) (based on upper price). The lot size investment for sNII is 31 lots (775 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (3,850 shares), amounting to ₹10,01,000.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Shree Ganesh Jewellery IPO RHP for detailed Information.
IPO Open
Fri, Mar 19, 2010
IPO Close
Tue, Mar 23, 2010
Issue Price
₹260 per share
Market Cap (Pre-IPO)
₹1,577.74 Cr
| IPO Date | 19 to 23 Mar, 2010 |
| Listed on | Fri, Apr 9, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹260 to ₹270 |
| Issue Price | ₹260 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,42,69,831 shares (agg. up to ₹371 Cr) |
| Fresh Issue | 1,21,36,497 shares (agg. up to ₹316 Cr) |
| Offer for Sale | 21,33,334 shares of ₹10 (agg. up to ₹55 Cr) |
| Share Holding Pre Issue | 4,85,45,988 shares |
| Share Holding Post Issue | 6,06,82,485 shares |
| BSE Script Code / NSE Symbol | 533180 / SGJHL |
| ISIN | INE553K01019 |
Shree Ganesh Jewellery IPO comprises a total issue size of 1,42,69,831 shares. Out of which, 85,61,899 (60.00%) are allocated to QIB, 14,26,983 (10.00%) allocated to NII 42,80,949 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 85,61,899 | 60.00% | NA |
| − Anchor Investor Shares Offered | 24,99,975 | 17.52% | NA |
| − QIB (Ex. Anchor) Shares Offered | 60,61,924 | 42.48% | NA |
| NII (HNI) Shares Offered | 14,26,983 | 10.00% | NA |
| Retail Shares Offered | 42,80,949 | 30.00% | 1,71,237 |
| Total Shares Offered | 1,42,69,831 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,500 |
| Retail (Max) | 30 | 750 | ₹1,95,000 |
| S-HNI (Min) | 31 | 775 | ₹2,01,500 |
| S-HNI (Max) | 153 | 3,825 | ₹9,94,500 |
| B-HNI (Min) | 154 | 3,850 | ₹10,01,000 |
Incorporated in 2002, Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company's products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. Company's portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions.
Shree Ganesh Jewellery House exported to countries such as the U.A.E, Singapore and Hong Kong. They have three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, Company have achieved a production of 12,843.63 kgs of gold jewellery. They have intend to set up an additional jewellery manufacturing unit at Manikanchan SEZ to supplement the existing facilities. Shree Ganesh Jewellery House also plan to expand their portfolio by commissioning a new vertical in machine made Italian and light weight jewellery at Mondalpara and at Domjur, West Bengal. Company has ten retail outlets and intend to open forty nine retail outlets across India including outlets under the shop-in-shop and franchisee models.
| 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 | Setting up a manufacturing unit at Mondalpara, West Bengal for the manufacture of plain and studded gold jewellery with an annual installed capacity of 450 kgs of gold, two units for the manufacture of machine made Italian jewellery with an annual installed capacity of 1,500 kgs of gold and a facility for the manufacture of bangles with an annual installed capacity of 600 kgs of gold (“Mondalpara Project”). | 13.71 |
| 2 | Setting up a new manufacturing unit at Domjur, West Bengal with an annual installed capacity of 2,000 kgs of diamond studded jewellery alongwith an electroforming plant with an annual installed capacity of 2,250 kgs of gold and a gold refinery plant with an annual installed capacity of 1,000 kgs of gold (“Domjur Project”). | 74.93 |
| 3 | Expansion of manufacturing facility at Manikanchan SEZ | 55.86 |
| 4 | Setting up of retail outlets and marketing cost | 68.04 |
| 5 | To meet the working capital requirement | 69.10 |
| 6 | General Corporate Purposes | 9.55 |
| 7 | To meet the issue expenses | 25.42 |
| KPI | |
|---|---|
| RoNW | 33.31% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.33% | 70.66% |
| Market Cap | ₹1,577.74 Cr. |
The Shree Ganesh IPO is subscribed 1.96 times on March 23, 2010 5:30:00 PM (Day 3). The public issue subscribed 1.39 times in the retail category, 1.38 times in the QIB category, and 6.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.38 | 60,61,924 | |
| NII | 6.13 | 14,26,983 | |
| Retail | 1.39 | 42,80,949 | |
| Total | 1.96 | 1,17,69,856 |
CARE has assigned an IPO Grade 3 to Shree Ganesh Jewellery House Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Shree Ganesh Jewellery House Ltd
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management fee and Underwriting and Selling Commission | 1.23 |
| 2 | SCSB's commission | 1.71 |
| 3 | Advertising and marketing expenses | 6.27 |
| 4 | Printing and Stationery | 2.82 |
| 5 | Registrar's fee, legal counsel, IPO grading | 1.19 |
| 6 | Others | 0.79 |
| 7 | Domestic Legal Council | 0.37 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹260.00 | ₹260.00 |
| Open | ₹258.85 | ₹250.00 |
| Low | ₹160.65 | ₹161.75 |
| High | ₹258.85 | ₹250.00 |
| Last Trade | ₹163.25 | ₹164.55 |
Lead Manager Reports
Shree Ganesh Jewellery IPO is a main-board IPO of 1,42,69,831 equity shares of the face value of ₹10 aggregating up to ₹371 Crores. The issue is priced at ₹260 per share. The minimum order quantity is 25.
The IPO opens on Fri, Mar 19, 2010, and closes on Tue, Mar 23, 2010.
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 Shree Ganesh Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Ganesh Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Ganesh Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Ganesh Jewellery IPO opens on Fri, Mar 19, 2010 and closes on Tue, Mar 23, 2010.
Shree Ganesh Jewellery IPO lot size is 25, and the minimum amount required for application is ₹6,500.
You can apply in Shree Ganesh 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 Shree Ganesh Jewellery IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shree Ganesh Jewellery IPO allotment status.
The Shree Ganesh Jewellery IPO listing date is on Fri, Apr 9, 2010.
