Bookbuilding IPO | ₹179 Cr | Listed at BSE, NSE | Wed, Nov 21, 2012 - Fri, Nov 23, 2012
Tara Jewels IPO is a book build issue of ₹179.50 crores. The issue is a combination of fresh issue of 0.48 crore shares aggregating to ₹109.50 crores and offer for sale of 0.30 crore shares aggregating to ₹70.00 crores.
Tara Jewels IPO bidding started from Nov 21, 2012 and ended on Nov 23, 2012. The shares got listed on BSE, NSE on Dec 6, 2012.
Tara Jewels IPO price band is set at ₹230 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹11,500 (50 shares) (based on upper price). The lot size investment for sNII is 18 lots (900 shares), amounting to ₹2,07,000, and for bNII, it is 87 lots (4,350 shares), amounting to ₹10,00,500.
The issue includes a reservation of up to 78,043 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tara Jewels IPO RHP for detailed Information.
IPO Open
Wed, Nov 21, 2012
IPO Close
Fri, Nov 23, 2012
Issue Price
₹230 per share
Market Cap (Pre-IPO)
₹564.90 Cr
| IPO Date | 21 to 23 Nov, 2012 |
| Listed on | Thu, Dec 6, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹225 to ₹230 |
| Issue Price | ₹230 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 78,04,347 shares (agg. up to ₹179 Cr) |
| Fresh Issue | 47,60,869 shares (agg. up to ₹109 Cr) |
| Offer for Sale | 30,43,478 shares of ₹10 (agg. up to ₹70 Cr) |
| Share Holding Pre Issue | 1,98,00,000 shares |
| Share Holding Post Issue | 2,45,60,869 shares |
| BSE Script Code / NSE Symbol | 534756 / TARAJEWELS |
| ISIN | INE799L01016 |
Tara Jewels IPO comprises a total issue size of 78,04,347 shares. The net offer to the public is 77,26,304 shares, after excluding 78,043 shares under a preferential allotment. Of the Net offer 38,63,152 (50.00%) are allocated to QIB, 11,58,945 (15.00%) allocated to NII 27,04,207 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 38,63,152 | 50.00% | 49.50% | NA |
| − Anchor Investor Shares Offered | 11,58,945 | 14.85% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 27,04,207 | 34.65% | NA | |
| NII (HNI) Shares Offered | 11,58,945 | 15.00% | 14.85% | NA |
| Retail Shares Offered | 27,04,207 | 35.00% | 34.65% | 54,084 |
| Preferential Reservations | ||||
| Employee Shares Offered | 78,043 | 1.00% | NA | |
| Total Shares Offered | 78,04,347 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹11,500 |
| Retail (Max) | 17 | 850 | ₹1,95,500 |
| S-HNI (Min) | 18 | 900 | ₹2,07,000 |
| S-HNI (Max) | 86 | 4,300 | ₹9,89,000 |
| B-HNI (Min) | 87 | 4,350 | ₹10,00,500 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2001, Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. The products of Tara Jewels include fashion, bridal and handmade bespoke jewellery.
Tara Jewels has 4 manufacturing units; 3 in India and 1 in China. Company has over 1800 employees. Company produced 4753.25 kgs of jewellery in fiscal year 2011.
Company's business is mainly divided into 3 operations; manufacturing, exporting and retailing jewellery. Company's product includes gold, platinum, honeydium, and silver jewellery with or without studded precious and semi-precious stones.
| 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 | Establishment of retail stores | 66.48 |
| 2 | Repayment or pre-payment of loans | 50.00 |
| 3 | General corporate purposes | 21.48 |
| KPI | |
|---|---|
| RoNW | 19.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 74.55% | 60.1% |
| Market Cap | ₹564.90 Cr. |
The Tara Jewels IPO is subscribed 1.98 times on November 23, 2012 7:00:00 PM (Day 3). The public issue subscribed 2.05 times in the retail category, 1.49 times in the QIB category, and 3.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.49 | 27,90,055 | |
| NII | 3.1 | 11,84,700 | |
| Retail | 2.05 | 27,64,300 | |
| Employee | 0.14 | 79,777 | |
| Total | 1.98 | 68,18,832 |
CARE has assigned an IPO Grade 3 to Tara Jewels Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Tara Jewels IPO Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commissions | 11.33 |
| 2 | SCSB Commission / processing fee to SCSBs for processing ASBA Bid cum Application Forms procured by members of the Syndicate | 0.00 |
| 3 | Advertising and marketing expenses | 1.83 |
| 4 | Printing and stationery | 0.96 |
| 5 | Registrar's fees | 0.10 |
| 6 | Other (legal fees, grading expenses, listing fees etc.) | 3.23 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹230.00 | ₹230.00 |
| Open | ₹242.00 | ₹242.00 |
| Low | ₹229.95 | ₹229.90 |
| High | ₹244.90 | ₹242.00 |
| Last Trade | ₹229.95 | ₹229.90 |
Lead Manager Reports
Tara Jewels IPO is a main-board IPO of 78,04,347 equity shares of the face value of ₹10 aggregating up to ₹179 Crores. The issue is priced at ₹230 per share. The minimum order quantity is 50.
The IPO opens on Wed, Nov 21, 2012, and closes on Fri, Nov 23, 2012.
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 Tara Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in Tara Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tara Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tara Jewels IPO opens on Wed, Nov 21, 2012 and closes on Fri, Nov 23, 2012.
Tara Jewels IPO lot size is 50, and the minimum amount required for application is ₹11,500.
You can apply in Tara Jewels 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 Tara Jewels IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Tara Jewels IPO allotment status.
The Tara Jewels IPO listing date is on Thu, Dec 6, 2012.
