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Darshan Orna Limited IPO (Darshan Orna IPO) Detail

May 2, 2016 - May 11, 2016

Incorporated in 2011, Darshan Orna Ltd (DOL) is a Small and Medium Enterprise (SME) engaged in the Gold & Silver Jewellery and Ornaments Business. The Company started its commercial operations as a Wholesaler and Trader of Gold and Silver Jewelries and Ornaments by setting a unit in Manek Chowk area of Ahmedabad in North Gujarat, which is known as a hub of Gold & Silver Market. Company's portfolio comprises Traditional Jewellery, Indo-Western Jewellery & Modern Jewellery.

DOL's Jewelries and Ornaments are designed keeping in mind the demand of various customers coming from diverse cultures and age groups. Over the last couple of years, the company has achieved tremendous growth in sales. The company sources its raw material from its suppliers. Over the years, the company has built up a credible sales-force to market its jewelries in Ahmedabad.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To meet working capital requirement;
2. General corporate expenses; and
3. To meet the expenses of the Issue

Darshan Orna IPO Details

Darshan Orna IPO Date May 2, 2016 to May 11, 2016
Darshan Orna IPO Face Value ₹10 per share
Darshan Orna IPO Price ₹60 per share
Darshan Orna IPO Lot Size 2000 Shares
Issue Size1,256,000 shares of ₹10
(aggregating up to ₹7.54 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoters of the Company are:

1. Mr. Mahendrakumar Ramniklal Shah
2. Mrs. Arunaben Mahendrakumar Shah

Darshan Orna IPO Lot Size

The Darshan Orna IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 2000 ₹120,000
Maximum 1 2000 ₹120,000

Darshan Orna IPO Review

Since issue is aggressively priced, there is no harm giving it a miss. However, only risk savvy investors with surplus funds may park their funds for long term rewards.

Read detail review...

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Darshan Orna IPO Prospectus

Darshan Orna IPO Rating

4
3.3
Rating:Rated 3.3 stars
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Darshan Orna IPO Listing Date

Listing Date Thursday, May 19, 2016
BSE Script Code 539884
NSE Symbol
Listing In MT Group of Securities
ISIN INE671T01010
IPO Price ₹60 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹60.00
₹60.80
₹60.80
₹61.90
₹61.00

Company Contact Information

Darshan Orna Limited
2018/1, First Floor, Nr. Rupa Surchand Ni Pole,
M.G. Haveli Road, Manek Chowk,
Ahmedabad (Gujarat) - 380001, India
Phone: +91 79 22142568
Email: info@darshanorna.com
Website: http://www.darshanorna.com

Darshan Orna IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email:
Website: https://karisma.kfintech.com/

Darshan Orna IPO Reviews / Ratings

Darshan Orna IPO FAQs

Darshan Orna IPO is a SME IPO of 1,256,000 equity shares of the face value of ₹10 aggregating up to ₹7.54 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on May 2, 2016, and closes on May 11, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Darshan Orna IPO opens on May 2, 2016 and closes on May 11, 2016.

Darshan Orna IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Darshan Orna IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Darshan Orna IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Darshan Orna IPO allotment status.

The Darshan Orna IPO listing date is on Thursday, May 19, 2016.
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Darshan Orna IPO Message Board

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5 Comments

4. MANISH AGARWAL |   Link |May 16, 2016 6:15:27 PM
Listinng date of Darshan orna
3. Haar Jeet |   Link |May 10, 2016 9:16:37 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pls update nse bidding price eagleye
2. DURAISWAMY |   Link |May 8, 2016 6:09:04 PM
FIRST OVERSEAS CAPITAL WAS THE LEAD MANAGER FOR FUNNY SOFTWARE LTD ITS ISSUE PRICE WAS Rs 14 Now no buyers for even 8.99 . I WAS TRAPPED IN THE FUNNY SOFTWARE LTD . I TOOK RISK AND I WAS TRAPPED FROM AUGUST 2015. BEWARE OF THIS SME IPO
2.1. Thunderbird |   Link |May 8, 2016 8:09:45 PM
Thanks
1. Thunderbird |   Link |May 8, 2016 2:04:51 PM
Hi Eagal EYE, can you guide on Darshan Orna , is it worth to invest , also according to you what is expected listing price for Parad food