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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 ₹26.00 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). The minimum lot size investment for 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 Date | November 22, 2018 to November 27, 2018 |
| Listing Date | December 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,04,000 shares (aggregating up to ₹6.51 Cr) |
| Reserved for Market Maker | 1,28,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.3328 Cr) |
| Net Offered to Public | 23,76,000 shares (aggregating up to ₹6.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 58,00,000 shares |
| Share Holding Post Issue | 83,04,000 shares |
Shubhlaxmi Jewel IPO offers total 25,04,000 shares. Out of which 11,88,000 (47.44%) allocated to NII, 11,88,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,28,000 (5.11%) |
| NII (HNI) Shares Offered | 11,88,000 (47.44%) |
| Retail Shares Offered | 11,88,000 (47.44%) |
| Total Shares Offered | 25,04,000 (100.00%) |
Shubhlaxmi Jewel Art IPO opens on November 22, 2018, and closes on November 27, 2018.
| IPO Open Date | Thu, Nov 22, 2018 |
| IPO Close Date | Tue, Nov 27, 2018 |
| Tentative Listing Date | Tue, Dec 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Nov 27, 2018 |
Investors can bid for a minimum of 4,000 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 | 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||||
|---|---|---|---|---|---|---|---|
| 31-May-18 | 01-May-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,773.03 | 1,789.61 | 1,781.95 | 1,480.17 | 1,543.42 | 1,524.08 | 1,188.30 |
| Total Revenue | 203.57 | 408.75 | 4,684.91 | 4,343.54 | 4,743.38 | 4,514.00 | 697.57 |
| Profit After Tax | 3.70 | 11.63 | 82.43 | 64.80 | 36.78 | 129.22 | 3.35 |
The Company Shubhlaxmi Jewel Art 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 | Funding working capital requirements of the Company | 5.20 |
| 2 | General Corporate Purpose | 0.81 |
[Dilip Davda] <p style="text-align: justify;">Issue is priced very aggressively. Sector is currently witnessing bad sentiment. Considering these there is no ham in giving this issue a miss.</p> Read detail review...
| Listing Date | December 4, 2018 |
| BSE Script Code | |
| NSE Symbol | SHUBHLAXMI |
| ISIN | INE01Z401013 |
| Final Issue Price | ₹26 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.10 |
| Low | ₹27.10 |
| High | ₹27.80 |
| Last Trade | ₹27.20 |
Shubhlaxmi Jewel Art Ltd.
Shop No. 1
Ground Floor
Bhavnagar
Bhavnagar, Gujarat, 364002
Phone: +91 278 2562600
Email: cs@shubhlaxmiltd.in
Website: http://www.shubhlaxmiltd.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: shubhlaxmi.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shubhlaxmi Jewel Art IPO is a SME IPO of 25,04,000 equity shares of the face value of ₹10 aggregating up to ₹6.51 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on November 22, 2018, and closes on November 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 November 22, 2018 and closes on November 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 Tuesday, December 4, 2018.
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