Incorporated in 1990, Goenka Diamond & Jewels Limited is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. Goenka's product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold. Company has its own diamond processing unit at SEZ in Surat and in Mumbai.
Goenka Diamonds retail its diamond jewellery under two brands CERES and G WILD. Company retail high end diamond jewellery under the CERES brand targeting the top-end segment of the society while G WILD focuses on internationally designed diamond jewellery targeting the youth.
The objects of this Issue are to
1. Meet the expenses of establishing stores for our G WILD brand (¯G WILD Stores);
2. Meet the expenses of establishing stores for our CERES brand (¯CERES Stores);
3. Meet working capital requirements for jewellery business;
4. Meet the expenses of establishing a jewellery manufacturing facility in Mumbai;
5. Meet the expenses of establishing a diamond processing facility in Mumbai; and
6. Further invest in the equity capital of our Subsidiary.
»» Issue Open: Mar 23, 2010 - Mar 26, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 9,371,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 126.51 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 135 - Rs. 145 Per Equity Share
»» Market Lot: 40 Shares
»» Minimum Order Quantity: 40 Shares
»» Listing At: BSE, NSE
ICRA has assigned an IPO Grade 2 to Goenka Diamond & Jewels Limited IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the ICRA IPO Grading Document for Goenka Diamond & Jewels Limited
Check IPO Ratings from other stock analysts.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||5,000,000||1,500,000||3,500,000||10,000,000|
|Day 1 - Mar 23, 2010 17:00 IST||1.0690||7.3682||0.0362||1.6500|
|Day 2 - Mar 25, 2010 17:00 IST||1.0690||3.8355||0.1777||1.1700|
|Day 3 - Mar 26, 2010 18:00 IST||0.7804||2.9955||0.6629||1.0700|
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