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D.P. Abhushan Ltd. (DPAL) is engaged in the retail business of various jewelleries 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 jewellery.
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 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, Mahatama Gandhi Marg, Yashwant Niwas Road, Indore.
The manufacturing of jewellery products are done through job work from third parties. Further, DPAL also purchases readymade jewellery from independent jewelers. It has also entered into an agreement dated May 05, 2015 with R.S. Diamonds Private Limited for sale of diamond jewelleries under 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 exclusive sale of power, generated from wind turbine generators to MPPMCL. Company has outsourced all operations and maintenance activities relating to wind turbines to a third party.
The promoters of the company are:
1. Mr. Vikas Kataria,
2. Mr. Anil Kataria,
3. Mrs. Renu Kataria,
4. Anil Kataria HUF,
5. Vikas Ratanlal Kataria (HUF),
6. Mr. Santosh Kataria,
7. Santosh Ratanlal Kataria HUF,
8. Sanjay Kataria,
9. Sanjay Manoharlal Kataria HUF,
10. Rajesh Manoharlal Kataria HUF and
11. Manoharlal Panalal Kataria HUF
The object of the issue are:
1. To meet Working Capital requirements;
2. To meet General Corporate Expenses;
3. To meet Issue Expenses.
| IPO Opening Date | Oct 9, 2017 |
| IPO Closing Date | Oct 11, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹28 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 5,932,000 Eq Shares of ₹10 (aggregating up to ₹16.61 Cr) |
The DP Abhushan IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹112,000 |
| Maximum | 1 | 4000 | ₹112,000 |
The DP Abhushan IPO is subscribed times on Oct 9, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Monday, October 23, 2017 |
| BSE Script Code | |
| NSE Symbol | DPABHUSHAN |
| Listing In | |
| ISIN | INE266Y01019 |
| IPO Price | ₹28 per equity share |
| Face Value | ₹10 per equity share |
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D P Abhushan Ltd
138, Chandani Chowk,
Ratlam - 457001
Phone: +91-7412- 490966
Email: dpj@dpjewellers.com
Website: http://www.dpjewellers.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager Reports
DP Abhushan IPO is a SME IPO of 5,932,000 equity shares of the face value of ₹10 aggregating up to ₹16.61 Crores. The issue is priced at ₹28 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Oct 9, 2017, and closes on Oct 11, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The DP Abhushan IPO opens on Oct 9, 2017 and closes on Oct 11, 2017.
DP Abhushan IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in DP Abhushan 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 DP Abhushan IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the DP Abhushan IPO allotment status.
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