Bookbuilding IPO | ₹29 Cr | Listed at BSE, NSE | Wed, Jan 27, 2010 - Fri, Jan 29, 2010
Thangamayil Jewellery IPO is a book build issue of ₹28.75 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹28.75 crore.
Thangamayil Jewellery IPO bidding started from Jan 27, 2010 and ended on Jan 29, 2010. The shares got listed on BSE, NSE on Feb 19, 2010.
Thangamayil Jewellery IPO price band is set at ₹75 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,000 (80 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,720 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (13,360 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 1,20,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Keynote Financial Services Ltd. is the book running lead manager and S.K.D.C.Consultants Ltd. is the registrar of the issue.
Refer to Thangamayil Jewellery IPO RHP for detailed Information.
IPO Open
Wed, Jan 27, 2010
IPO Close
Fri, Jan 29, 2010
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹96.65 Cr
| IPO Date | 27 to 29 Jan, 2010 |
| Listed on | Fri, Feb 19, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹75 |
| Issue Price | ₹75 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 38,33,667 shares (agg. up to ₹29 Cr) |
| Fresh Issue | 38,33,667 shares (agg. up to ₹29 Cr) |
| Share Holding Pre Issue | 90,52,915 shares |
| Share Holding Post Issue | 1,28,86,582 shares |
| BSE Script Code / NSE Symbol | 533158 / THANGAMAYL |
| ISIN | INE085J01014 |
Thangamayil Jewellery IPO comprises a total issue size of 38,33,667 shares. The net offer to the public is 37,13,667 shares, after excluding 1,20,000 shares under a preferential allotment. Of the Net offer 18,56,834 (50.00%) are allocated to QIB, 5,57,050 (15.00%) allocated to NII 12,99,783 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 18,56,834 | 50.00% | 48.43% | NA |
| NII (HNI) Shares Offered | 5,57,050 | 15.00% | 14.53% | NA |
| Retail Shares Offered | 12,99,783 | 35.00% | 33.90% | 16,247 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,20,000 | 3.13% | NA | |
| Total Shares Offered | 38,33,667 | 100.00% | 100.00% | |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,000 |
| Retail (Max) | 33 | 2,640 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,720 | ₹2,04,000 |
| S-HNI (Max) | 166 | 13,280 | ₹9,96,000 |
| B-HNI (Min) | 167 | 13,360 | ₹10,02,000 |
| 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 1984, Thangamayil Jewellery Limited (TJL) is one of the leading jewellery retailers in Madurai. The Company trades in Gold Jewellery, Diamond and Platinum jewels. Variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Kasu Malai, Finger Rings, Bracelets and other items fitting to the taste of the customers are being sold by the Company. The ornaments are also made to order as per specific requirements by the customer and the same are manufactured at the company’s unit near Madurai. Further gold Jewels are bought readymade from various dealers in the states of Andhra Pradesh, Gujarat, Kerala and West Bengal, according to the designs, models and current fashions and demand in the market for sale at the counters.
Thangamayil introduced the Hallmarking practice for the first time in Madurai and also conducted an awareness campaign introducing this concept to the customers in the market serviced by the Company. The gold jewels are tested for its purity and hallmarked at 916* for a guaranteed quality and purity of its contents by the Company. The Company presently has a customer base of more than 1,00,000 customers. The Company has its showroom at Netaji Road, Madurai. This showroom was set up in the year 2001. The showroom is housed in a three storied set up in total area of 11,416 sq. ft.
TJL has a policy of price assurance with respect to returns of the product subject only to changes in underlying metal prices. Again, the Company has very transparent practices when it comes to exchange of jewellery. The Company has acquired sophisticated machinery to measure the quality and carat value of the gold brought in. The measurements are scientific and tamper proof, thereby giving the customer an assurance on the exchange value that they receive in return for their jewellery.
| 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 of retail outlets - Land | 5.05 |
| 2 | Setting up of retail outlets - Building | 2.85 |
| 3 | Setting up of retail outlets - Interiors | 9.42 |
| 4 | Setting up of retail outlets - Other Assets | 4.12 |
| 5 | Contingencies @ 5% | 1.07 |
| 6 | Working Capital | 22.78 |
| 7 | Public issue expenses | 2.55 |
| KPI | |
|---|---|
| RoNW | 25.82% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 91.57% | |
| Market Cap | ₹96.65 Cr. |
The Thangamayil IPO is subscribed 1.12 times on January 29, 2010 5:00:00 PM (Day 3). The public issue subscribed 2.26 times in the retail category, 0.52 times in the QIB category, and 1.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.52 | 19,89,465 | |
| NII | 1.52 | 13,92,625 | |
| Retail | 2.26 | 5,96,839 | |
| Employee | 0.67 | 1,28,571 | |
| Total | 1.12 | 41,07,500 |
Brickwork Ratings has assigned BWR IPO Grade 3 for the proposed IPO of Thangamayil Jewellery Limited (TJL). Brickwork Ratings’ BWR IPO Grade 3 indicates average fundamentals for the issue in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to its peers. Click here to download the Brickwork IPO Grading Document for Thangamayil Jewellery IPO.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 1.15 |
| 2 | Advertising and Marketing expenses | 0.50 |
| 3 | Printing and stationery | 0.65 |
| 4 | Others (Monitoring agency fees, Registrar’s fee, legal fee, listing fee, etc.) | 0.25 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹70.00 | ₹75.70 |
| Low | ₹70.00 | ₹70.00 |
| High | ₹79.00 | ₹82.00 |
| Last Trade | ₹71.10 | ₹71.05 |
Lead Manager Reports
Thangamayil Jewellery IPO is a main-board IPO of 38,33,667 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 80.
The IPO opens on Wed, Jan 27, 2010, and closes on Fri, Jan 29, 2010.
S.K.D.C.Consultants Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Thangamayil Jewellery IPO using UPI as a payment gateway. Zerodha customers can apply in Thangamayil Jewellery IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Thangamayil Jewellery IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Thangamayil Jewellery IPO opens on Wed, Jan 27, 2010 and closes on Fri, Jan 29, 2010.
Thangamayil Jewellery IPO lot size is 80, and the minimum amount required for application is ₹6,000.
You can apply in Thangamayil 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 Thangamayil Jewellery IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Thangamayil Jewellery IPO allotment status.
The Thangamayil Jewellery IPO listing date is on Fri, Feb 19, 2010.
