Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Thu, Nov 22, 2018 - Tue, Nov 27, 2018
Shubhlaxmi Jewel Art IPO is a fixed price issue of ₹6.51 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹6.51 crore.
Shubhlaxmi Jewel Art IPO bidding started from Nov 22, 2018 and ended on Nov 27, 2018. The shares got listed on NSE SME on Dec 4, 2018.
Shubhlaxmi Jewel Art IPO price is ₹26 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Shubhlaxmi Jewel Art IPO RHP for detailed Information.
IPO Open
Thu, Nov 22, 2018
IPO Close
Tue, Nov 27, 2018
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹21.59 Cr
| IPO Date | 22 to 27 Nov, 2018 |
| Listed on | Tue, Dec 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 25,04,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,28,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.3328 Cr) |
| Fresh Issue (Ex Market Maker) | 23,76,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 23,76,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 58,00,000 shares |
| Share Holding Post Issue | 83,04,000 shares |
| NSE Symbol | SHUBHLAXMI |
| ISIN | INE01Z401013 |
Shubhlaxmi Jewel Art IPO comprises a total issue size of 25,04,000 shares. The net offer to the public is 23,76,000 shares, after excluding 1,28,000 shares allotted on a firm basis. Of the Net offer 11,88,000 (50.00%) allocated to NII 11,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,88,000 | 50.00% | 47.44% |
| Retail Shares Offered | 11,88,000 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,28,000 | 5.11% | |
| Total Shares Offered | 25,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 2013, Bhavnagar, Gujarat based Shubhlaxmi Jewel Art Limited is a company engaged in the business of jewellery and ornaments. The company is engaged in both the retail and wholesale business.
The product portfolio of the company includes a wide range of jewellery made of gold, silver, diamond and platinum studded with precious and semi-precious stones.
Shubhlaxmi Jewel Art has its own showroom located at Bhavnagar. The company is also setting up a manufacturing facility in the city to cater to the demands of the local customers.
The company's total revenue was Rs 4684.92 lakhs, Rs 4343.54 lakhs and Rs 4743.39 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
The EBITDA was Rs 264.65 lakhs, Rs 262.28 lakhs and Rs 244.39 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
The PAT was Rs 82.43 lakhs, Rs 64.80 lakhs and Rs 36.78 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
| 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 | Funding working capital requirements of the Company | 5.20 |
| 2 | General Corporate Purpose | 0.81 |
The Shubhlaxmi Jewel IPO is subscribed 4.22 times on November 27, 2018 6:00:00 PM (Day 3). The public issue subscribed 5.41 times in the retail category, [.] times in the QIB category, and 3.03 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.03 | 11,88,000 | 35,96,000 |
| Retail | 5.41 | 11,88,000 | 64,28,000 |
| Total | 4.22 | 23,76,000 | 1,00,24,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.40 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.10 |
| Low | ₹27.10 |
| High | ₹27.80 |
| Last Trade | ₹27.20 |
Lead Manager Reports
Shubhlaxmi Jewel Art IPO is a SME IPO of 25,04,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Nov 22, 2018, and closes on Tue, Nov 27, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shubhlaxmi Jewel Art IPO using UPI as a payment gateway. Zerodha customers can apply in Shubhlaxmi Jewel Art IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shubhlaxmi Jewel Art IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shubhlaxmi Jewel Art IPO opens on Thu, Nov 22, 2018 and closes on Tue, Nov 27, 2018.
Shubhlaxmi Jewel Art IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Shubhlaxmi Jewel Art 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 Shubhlaxmi Jewel Art IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shubhlaxmi Jewel Art IPO allotment status.
The Shubhlaxmi Jewel Art IPO listing date is on Tue, Dec 4, 2018.
