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Eighty Jewellers Limited IPO (Eighty Jewellers IPO) Detail

Mar 31, 2022 - Apr 5, 2022

Incorporated in 2010, Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.

The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.

Competitive Strengths:

  1. Use of the established Brand name.
  2. Cordial relationship with our customers.
  3. Experience of our Promoters.
  4. Design, Innovation and Product range.
  5. Prime Location of the Showroom.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,398.90 3,197.30 3,174.94 2,745.60
Total Revenue 4,436.05 7,868.89 6,490.63 8,192.05
Profit After Tax 83.06 376.94 155.25 100.19

Objects of the Issue:

Requirement of Funds and Utilization of Net Proceeds:

  1. To meet Working Capital requirements.
  2. General Corporate Purpose.

Eighty Jewellers IPO Details

Eighty Jewellers IPO Date Mar 31, 2022 to Apr 5, 2022
Eighty Jewellers IPO Face Value ₹10 per share
Eighty Jewellers IPO Price ₹41 per share
Eighty Jewellers IPO Lot Size 3000 Shares
Issue Size2,700,000 shares of ₹10
(aggregating up to ₹11.07 Cr)
Fresh Issue2,700,000 shares of ₹10
(aggregating up to ₹11.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Tilok Chand Bardia, Mr. Nikesh Bardia, and Mr. Nitin Kumar Bardia are the company promoters.

Eighty Jewellers IPO Timeline (Tentative Timetable)

Eighty Jewellers IPO opens on Mar 31, 2022, and closes on Apr 5, 2022. The Eighty Jewellers IPO bid date is from Mar 31, 2022 10.00 A.M. to Apr 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Eighty Jewellers IPO Opening Date Mar 31, 2022
Eighty Jewellers IPO Closing Date Apr 5, 2022
Basis of Allotment Apr 8, 2022
Initiation of Refunds Apr 11, 2022
Credit of Shares to Demat Apr 12, 2022
Eighty Jewellers IPO Listing Date Apr 13, 2022

Eighty Jewellers IPO Lot Size

The Eighty Jewellers IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123,000).

Application Lots Shares Amount
Minimum 1 3000 ₹123,000
Maximum 1 3000 ₹123,000

Eighty Jewellers IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Eighty Jewellers IPO Review

The company is in a highly competitive and fragmented segment. Its financial performance has shown inconsistency in the top and bottom lines. The issue is aggressively priced. There is no harm in skipping this issue. Read detail review...

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Eighty Jewellers IPO Subscription Status (Bidding Detail)

The Eighty Jewellers IPO is subscribed 2.45 times on Apr 5, 2022 7:17:00 PM. The public issue subscribed 2.03 times in the retail category, times in the QIB category, and 2.88 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.88
Retail2.03
Total2.45

Eighty Jewellers IPO Prospectus

Eighty Jewellers IPO Rating

72
4.0
Rating:Rated 4.0 stars
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Eighty Jewellers IPO Listing Date

Listing Date Wednesday, April 13, 2022
BSE Script Code 543518
NSE Symbol
Listing In MT Group of Securities
ISIN INE0KSN01014
IPO Price ₹41 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹41.00
₹42.00
₹42.00
₹44.10
₹44.10

Company Contact Information

Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
Raipur,
Chhattisgarh, 492001
Phone: +91-0771-2234737
Email: info@eightyjewels.in
Website: https://eightyjewels.in/

Eighty Jewellers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Eighty Jewellers IPO Reviews / Ratings

Eighty Jewellers IPO FAQs

Eighty Jewellers IPO is a SME IPO of 2,700,000 equity shares of the face value of ₹10 aggregating up to ₹11.07 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Mar 31, 2022, and closes on Apr 5, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Eighty Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Eighty Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Eighty Jewellers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Eighty Jewellers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Eighty Jewellers IPO opens on Mar 31, 2022 and closes on Apr 5, 2022.

Eighty Jewellers IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Eighty Jewellers 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 Eighty Jewellers IPO will be done on Apr 8, 2022, and the allotted shares will be credited to your demat account by Apr 12, 2022. Check the Eighty Jewellers IPO allotment status.

The Eighty Jewellers IPO listing date is on Wednesday, April 13, 2022.
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Eighty Jewellers IPO Message Board

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