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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 ₹230.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹11,250 (50 shares). 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 Date | November 21, 2012 to November 23, 2012 |
| Listing Date | December 6, 2012 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹225 to ₹230 per share |
| Issue Price Final | ₹230 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 78,04,347 shares (aggregating up to ₹179.50 Cr) |
| Fresh Issue | 47,60,869 shares (aggregating up to ₹109.50 Cr) |
| Offer for Sale | 30,43,478 shares of ₹10 (aggregating up to ₹70.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,98,00,000 shares |
| Share Holding Post Issue | 2,45,60,869 shares |
Tara Jewels IPO offers total 78,04,347 shares. Out of which 38,63,152 (49.50%) allocated to QIB, 27,04,207 (34.65%) allocated to QIB, 11,58,945 (14.85%) allocated to NII, 27,04,207 (34.65%) allocated to RII and 11,58,945 (14.85%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 38,63,152 (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 (14.85%) | NA |
| Retail Shares Offered | 27,04,207 (34.65%) | 54,084 |
| Employee Shares Offered | 78,043 (1.00%) | NA |
| Total Shares Offered | 78,04,347 (100.00%) |
| 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 |
Tara Jewels IPO opens on November 21, 2012, and closes on November 23, 2012.
| IPO Open Date | Wed, Nov 21, 2012 |
| IPO Close Date | Fri, Nov 23, 2012 |
| Tentative Listing Date | Thu, Dec 6, 2012 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 23, 2012 |
Investors can bid for a minimum of 50 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-May-12 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 1,516.56 | 12,814.73 | 10,943.28 | 7,779.67 | 7,038.52 |
| Profit After Tax (PAT) | 53.76 | 523.72 | 395.78 | 245.05 | 69.14 |
| KPI | Values |
|---|---|
| RoNW | 19.25% |
The Company Tara Jewels 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 | Establishment of retail stores | 66.48 |
| 2 | Repayment or pre-payment of loans | 50.00 |
| 3 | General corporate purposes | 21.48 |
[Dilip Davda] The pricing looks reasonable and considering the fancy of jewellery stocks modest investment is recommended for listing gains. Read detail review...
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
| Listing Date | December 6, 2012 |
| BSE Script Code | 534756 |
| NSE Symbol | TARAJEWELS |
| ISIN | INE799L01016 |
| Final Issue Price | ₹230 per share |
| BSE Listing Group | T |
Tara Jewels Ltd.
Plot No. 122, 15th Road,
Near IDBI Bank, MIDC,
Andheri (East)
Mumbai, Maharashtra, 400093
Phone: 022 6641 7777
Email: investor.care@tarajewels.co.in
Website: http://www.tarajewels.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tjl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tara Jewels IPO is a main-board IPO of 78,04,347 equity shares of the face value of ₹10 aggregating up to ₹179.50 Crores. The issue is priced at ₹230 per share. The minimum order quantity is 50.
The IPO opens on November 21, 2012, and closes on November 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 November 21, 2012 and closes on November 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 Thursday, December 6, 2012.
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