Shubhlaxmi Jewel Art Limited IPO
(i) The group derives from Jewellery retailing and wholesaling and has experience of over 40 years in the trade. Jesingbhai branched out into the field of jewellery retailing in the year 1971 by opening its first store in Bhavnagar named Jesingbhai Jewellers and Shubhlaxmi jewellers(Group of Jesingbhai Jewellers). They originally formed as a partnership firm on 13 July 2013 in Gujarat.
(ii) They are engaged in the Retail and Wholesale business of Jewellery made up of from Gold, Diamond and Platinum studded with precious and semi-precious stone. They cater to High-end, Mid-market and value market segment. The ornaments are also made on order basis and same is made by third-party vendors.
(iii) They have a showroom in Bhavnagar which was setup in the year 2013 having the total area of 27000 Sq. Ft. The company is looking to open a manufacturing facility in Bhavnagar to cater to the demand of local customers by 2019 for which the company has taken 962 Sq.ft of land on rent.
(iv) Financial Performance
Revenue was Rs 46.84 Cr, Rs 43.43 Cr, and Rs 47.43 Cr for 2017-18, 2016-17 and 2015-16 respectively.
EBITDA was Rs 2.64 Cr, Rs 2.62 Cr and Rs 2.44 Cr for 2017-18, 2016-17 and 2015-16 respectively.
PAT was Rs 82.43 lakhs, Rs 64.80 lakhs and Rs 36.78 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
Objects of the Shubhlaxmi Jewel Art Limited IPO:
Shubhlaxmi Jewel Art Limited IPO Details:
|Open Date:||Nov 22 2018|
|Close Date:||Nov 27 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||6.26 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 26 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Dec 04 2018|
Promoters And Management:
Financials of Shubhlaxmi Jewel Art Limited IPO:
|Particulars||For the year/period ended (in Rs Lacs)|
|Profit After Tax||3.70||82.43||64.80||36.78||129.22|
Recommendation on Shubhlaxmi Jewel Art Limited IPO:
Lead Manager of Shubhlaxmi Jewel Art Limited IPO:
Registrar of Shubhlaxmi Jewel Art Limited IPO:
Bid Details of Shubhlaxmi Jewel Art Limited IPO as on
27-Nov-2018 18:00:00 IST
|Category||No.of shares offered||No. of shares bid|