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DP Abhushan IPO is a fixed price issue of Rs 16.61 crores.
DP Abhushan IPO bidding started from October 9, 2017 and ended on October 11, 2017. The shares got listed on NSE SME on October 23, 2017.
DP Abhushan IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
Hem Securities Limited is the book running lead manager of the DP Abhushan IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to DP Abhushan IPO RHP for detailed information.
| IPO Date | October 9, 2017 to October 11, 2017 |
| Listing Date | October 23, 2017 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 5,932,000 shares (aggregating up to ₹16.61 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
| Lot Size Calculator | |||
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 object of the issue are:
1. To meet Working Capital requirements;
2. To meet General Corporate Expenses;
3. To meet Issue Expenses.
[Dilip Davda] Investors may consider investment for medium to long term in D. P. Abhushan NSE SME IPO. The asking price is at a P/E of around 7 against industry average of 45. Thus issue is priced reasonably. Read detail review...
The DP Abhushan IPO is subscribed times on October 9, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 23, 2017 |
| BSE Script Code | |
| NSE Symbol | DPABHUSHAN |
| ISIN | INE266Y01019 |
| Final Issue Price | ₹28 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹28.00 |
| ₹33.60 |
| ₹32.65 |
| ₹33.60 |
| ₹33.60 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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 share. The minimum order quantity is 4000 Shares.
The IPO opens on October 9, 2017, and closes on October 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 October 9, 2017 and closes on October 11, 2017.
DP Abhushan IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
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, Nuvama, 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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