D P Abhushan Limited IPO
Abhushan Ltd. (DPAL) is engaged in the retail business of various jewellery and ornaments made out of gold, diamonds, and platinum studded with precious and semi-precious stones. Company’s product portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles and other wedding jewelry.
Currently, they have four showrooms under the “D.P. Jewellers” brand located in four different cities of India i.e. Ratlam, Indore, Bhopal, and Udaipur. All of these showrooms are operated and managed by it, and has been taken on a rental basis. Further, it has plans to expand its retail network by opening another showroom in Indore, Madhya Pradesh by the end of October’17, for which it has purchased area comprising of 10,395 sq ft. at DNR 90, Mahatma Gandhi Marg, Yashwant Niwas Road, Indore.
The manufacturing of jewelry products is done through job work from third parties. Further, DPAL also purchases readymade jewelry from independent jewelers. It has also entered into an agreement dated May 05, 2015 with R.S. Diamonds Private Limited for sale of diamond jewelry under a brand of “Divine Solitaires” from its retail outlets.
DPAL has also installed 5 wind turbine generators of 750 KW each in Village Bagia & Naveli, Ratlam, Madhya Pradesh in Sept.’12. In Jan.’13, the Company entered into an agreement with MPPMCL (M.P. Power Management Co. Ltd.) for the exclusive sale of power, generated from wind turbine generators to MPPMCL. The company has outsourced all operations and maintenance activities relating to wind turbines to a third party.
Objects of the D P Abhushan Limited IPO:
D P Abhushan Limited IPO Details:
|Open Date:||Oct 09 2017|
|Close Date:||Oct 11 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||16.61 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 28 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 23 2017|