Eighty Jewellers Limited IPO
i. Eighty Jewellers is part of the Anopchand Tilokchand group which they believe to be a well-known name and established brand in the Jewellery sector since many decades in and around Chhattisgarh. They are currently engaged as a master franchisee of Anopchand Tilokchand Jewellers Private Limited (“ATJPL”) and involved in the trading of various jewelleries, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones under the B2B model in the name “Anopchand Tilokchand Jewellers”.
ii. Their product portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items and other wedding jewellery. Their products cater to the customers across high-end, mid-market and value market segments.
iii. Currently, they sell all their jewellery and related products to
- a sub-franchisee store at Korba, Chhattisgarh, and
- a retail store at Bilaspur, Chhattisgarh
iv. Eighty Jewellers is currently operating on a B2B business Model and offer its customers a broad variety of jewelleries, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones in order to cater to both regional and modern tastes. They also deal in diamond and silver jewellery and ornaments.
- Use of the established Brand name.
- Cordial relationship with our customers.
- Experience of our Promoters.
- Design, Innovation and Product range.
- Prime Location of the Showroom.
Objects of the Eighty Jewellers Limited IPO:
Eighty Jewellers Limited IPO Details:
|Open Date:||Mar 31 2022|
|Close Date:||Apr 05 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||11.07 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 41 Per Equity Share|
|Listing At:||BSE SME|
Promoters And Management:
Financials of Eighty Jewellers Limited IPO:
|Particulars (in Lakhs)||Sep-21||Mar-21||Mar-20||Mar-19|
|Purchase of Material||3,948||6,488||6,061||6,650|
|Change in Inventories||170||336||-398||789|
|Employee Benefits Expense||57||99||85||56|
|Profit before tax||110||497||210||141|
|Total Tax Exps||27||120||55||40|
|No. of shares||101.99||101.99||101.99||101.99|
Comparison With Peers:
|Name of the Company||Face Value||EPS||PE||RoNW||Book Value||Sales (In Lakhs)||PAT (In Lakhs)|
|Eighty Jewellers Limited||10||5.03||8.15||40.58%||12.39||7,831||377|
|Patdiam Jewellery Ltd||10||6.45||11.47||7.12%||90.56||6,756||278|
|Radhika Jeweltech Ltd||10||10.8||16.7||13.50%||69.3||13,700||2,600|
|DP Abhushan Ltd||10||17.7||21||32.90%||50.5||1,21,500||2,700|
|PC Jewellers Ltd||10||-2.87||-||1.46%||89||2,66,900||6,100|
|Kalyan Jewellers India Ltd||10||2.2||27.8||-0.25%||27.9||8,57,300||-600|