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.

Eighty Jewellers IPO Details

IPO Date Mar 31, 2022 to Apr 5, 2022
Listing Date Apr 13, 2022
Face Value ₹10 per share
Price ₹41 per share
Lot Size 3000 Shares
Total Issue Size2,700,000 shares
(aggregating up to ₹11.07 Cr)
Fresh Issue2,700,000 shares
(aggregating up to ₹11.07 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Eighty Jewellers IPO Reservation

Other Shares Offered1,281,000 (50.00%)
Retail Shares Offered1,281,000 (50.00%)
Market Maker portion138,000 shares
Total Shares Offered2,562,000

Eighty Jewellers IPO Tentative Timetable

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

Event Tentative Date
Opening Date Mar 31, 2022
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
Listing Date Apr 13, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Eighty Jewellers IPO Lot Size

The Eighty Jewellers IPO lot size is 3000 shares.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹123,000
Retail (Max) 1 3000 ₹123,000
Lot Size Calculator

Eighty Jewellers IPO Promoter Holding

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

Pre Issue Share Holding 100%
Post Issue Share Holding

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)

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs in Lakhs)
Β  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

Eighty Jewellers IPO Review (Avoid)

[Dilip Davda]  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...

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 Prospectus

Eighty Jewellers IPO Rating

Rating:Rated 4.0 stars
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Eighty Jewellers IPO Listing Details

Listing Date Apr 13, 2022
BSE Script Code 543518
NSE Symbol
Final Issue Price ₹41 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Company Contact Information

Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
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: https://www.bigshareonline.com/

Eighty Jewellers IPO Analysis

Eighty Jewellers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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SME IPO Enquiry

Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form

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, Nuvama, 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 Apr 13, 2022.
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Eighty Jewellers IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



63. Ravu |   Link |May 30, 2022 6:27:10 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)

63.3. Ravu |   Link |May 30, 2022 7:16:43 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Today also there was no trading. I think some non retail investor need to show some interest .
63.4. Avenue |   Link |May 31, 2022 10:38:53 AM
@Ravu... thanks for sharing earnings of Eighty...
Could you please share a bit more of your analysis on this data.. Thanks

Some 5-6 lot trading today but definitely stock is stuck at current level...
62. antarix |   Link |May 21, 2022 10:21:49 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Eighty has now crossed forty one.πŸ˜„
61. πŸŽ― Big Bull 🎯 |   Link |May 17, 2022 11:31:54 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Any one Holding Crompton ??
60. πŸŽ― Big Bull 🎯 |   Link |May 14, 2022 7:22:17 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Experts Please share latest GMPs...

Thank u
60.1. antarix |   Link |May 15, 2022 4:07:23 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Why copy paste? Issue is already listed.
59. πŸŽ― Big Bull 🎯 |   Link |May 14, 2022 7:20:35 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Experts Please share latest GMPs...

Thank u
58. antarix |   Link |May 11, 2022 4:26:27 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
80 Jewellers will soon be 40 Jewellers.
58.1. MRavichandran |   Link |May 13, 2022 11:54:46 AM
IPO Guru IPO Guru (1800+ Posts, 2400+ Likes)
good one 😜

Lets see after one year...if it becomes 80.

57. πŸŽ― Big Bull 🎯 |   Link |May 9, 2022 8:20:48 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
IPO Subscription


Issue Closed

QIB : - 02.83 Γ—
HNI : - 02.91 Γ—
RETAIL : - 01.99 Γ—
Emp : - 04.40 Γ—
Policy Holder : - 06.11 Γ—
TOTAL : - 02.95 Γ—
APPLICATION : - 7337575
56. Ravu |   Link |Apr 22, 2022 8:47:46 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Bulk deals on 21-Apr
21/04/2022      543518      EIGHTY      ALPHA LEON ENTERPRISES LLP      B      57,000      53.55
21/04/2022      543518      EIGHTY      ALPHA LEON ENTERPRISES LLP      S      27,000      53.55

Do we need to worry on yesterday's LC ? Hope that U turn on today, a positive one, at least near UC.

56.9. MRavichandran |   Link |Apr 25, 2022 9:06:09 PM
IPO Guru IPO Guru (1800+ Posts, 2400+ Likes)
@snipperRaj, @Ravu,
As expected this has come back today and closed UC, lets hope it will settle here before next move.

56.10. snipperRaj |   Link |Apr 26, 2022 5:30:32 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Yes sir. Good comeback. Today also uc.
55. Keshav Kumar |   Link |Apr 21, 2022 7:47:29 PM
Minimum 20 lot lunga 50.00 rupees tk.
54. Keshav Kumar |   Link |Apr 21, 2022 7:43:01 PM
Kl Purchase kr sakte hai kya. Upper rahega y phir lower. Kis rate me bid lagayu. Plz suggest me.
53. Hostpacker |   Link |Apr 19, 2022 6:01:53 PM
After 10 days UC will be revised to 10% UC. If continue then I can see 10% on 29th April.
Today huge buying order are pending only 10 lots traded .
1st day : 308
2nd day : 11
3rd Day : 10

53.3. DHARMENDRA SHARMA |   Link |Apr 19, 2022 7:32:34 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Dear Ravi jee,
Today's lower circuit in Hariom pipe. And uma export continues lower circuit and trade tomorrow uma ipo price.
Any information and your suggestions regarding both of the company, pleaseπŸ™ share.
53.4. MRavichandran |   Link |Apr 19, 2022 8:00:04 PM
IPO Guru IPO Guru (1800+ Posts, 2400+ Likes)
I am not an expert in stocks. However, since you have asked me, I try to answer as below. (other experts, kindly suggest)

Market weakness being one of the reasons for selling yesterday and today.

Hari Om - listed more than expected and people who bought recently booking some profits, chances are to go down further (BSE also LC at 224). However, the CPY looks very good for long term.

Uma exports - I did not apply and not following

All the best to you.
52. IPO HJK |   Link |Apr 18, 2022 2:46:24 PM
Respected foram Members,
After 2 UCs, What should be the strategy now ?
Exit or Hold?
Holding a single lot
52.3. Hostpacker |   Link |Apr 18, 2022 5:24:35 PM
52.4. IPO HJK |   Link |Apr 18, 2022 5:56:45 PM
Thanks to u both
51. eVA |   Link |Apr 13, 2022 9:51:40 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Not great listing as per the name of Hem, strict stop loss need to follow who want to hold.
Not applied and am not interested in this company. All the best !!!
51.2. DHARMENDRA SHARMA |   Link |Apr 17, 2022 3:20:38 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@eva, Thank you very much your advice for apply Hariom pipe ,please suggest some sme as well as main board which you feel is pottential in long term, now opportunity to buy
at current level.
51.3. eVA |   Link |Apr 18, 2022 11:45:55 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Dear DHARMENDRA SHARMA. As you have asked two times.

Sorry I don't track stocks from the secondary market, I track only Sensex and nifty level, my profession has not allowed me to comment on the secondary market stocks, and I only can provide my view about IPOs (apply/ avoid), like holding IPO allotment or selling on listing/short/long term.

50. Hostpacker |   Link |Apr 13, 2022 6:36:12 PM

Bulk Deal in Eighty Jewellers today.

13 Apr 2022      NAVUSHA FINSERVE LLP      P      348000      42.00
13 Apr 2022      RAJKUMAR DAMANI      S      75000      42.00
13 Apr 2022      OASIS SECURITIES LIMITED      S      63000      42.00
50.3. MRavichandran |   Link |Apr 16, 2022 1:21:42 PM
IPO Guru IPO Guru (1800+ Posts, 2400+ Likes)
Though you are optimistic, its very much possible (As it was closed with so much pending buy orders). 🀞

50.4. Hostpacker |   Link |Apr 16, 2022 4:09:12 PM
Yes MRavi sir . 🀞
49. Hostpacker |   Link |Apr 12, 2022 10:48:16 PM
427 Retailer have 1 Lot.
66 NII have alloted .
Most of NII have long term goal and few Retailer will try to exit then I am sure it will list better and perform like Krishna Def...( In terms of price movement )..
46 lots Alloted Market maker.

Total : 900 lots
49.21. Hostpacker |   Link |Apr 20, 2022 10:03:15 PM
Congratulations sir for your Unrealised profit.
Hope it will go upto 70 and we all see revised circuit 10 % on 29th April...
49.22. Ravu |   Link |Apr 21, 2022 9:49:41 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Today some operator play. Sold 1 lot holding remaining.
48. TSG |   Link |Apr 13, 2022 1:24:33 PM
@M Ravi sir seems its your day .Even Markolins has hit uc today i think u r the only person in our forum still holding it.perseverence much appreciated πŸ‘
48.7. Avenue |   Link |Apr 13, 2022 8:53:16 PM
@Lokes. @MRavi. @Noorul...
Great to know about Maruti.. I had bought Maruti @ 61. Good to know It has crossed my purchase price. All SME IPOs I have invested are giving good gains except Precision where I got stuck because of icicidirect. swaraj is also almost near to cost, just need a push.
One thing I need to learn is to book profit when you don't need money...
48.8. KDForIPO |   Link |Apr 13, 2022 10:23:10 PM
@Lokes. @MRavi. @Noorul...
I am holding Markolins. One time I am really upset with the performance. But in the hope it will hit one day I kept in my portfolio.
Do you guys have any idea how long it will go ? I want to keep for the 2-5 years. Will it be good ? What's the reason for the UC ?
Thanks guys for your time.
47. KING VINOD |   Link |Apr 13, 2022 12:33:10 PM
IPO Guru IPO Guru (2000+ Posts, 3700+ Likes)
Shashwat Furnishing Solutions Limited - (BSE SME)

Dates : 20 to 25-Apr-2022
FV : Rs 10
Price : Rs 45
Lot size : 3000
Total Size : 5,58,000 Shares
Retail : 2,64,000 Shares
47.1. IProfitO |   Link |Apr 13, 2022 3:11:41 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Thanks for the information .
47.2. Iponahimilraha |   Link |Apr 13, 2022 4:04:35 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
@King Vinod, @lokes, @MRavichandran and other experts pls guide yeh IPO kesa hai?

Apply Karne layak hai ?
46. rsk |   Link |Apr 13, 2022 9:48:04 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Fus ho gaya.
46.3. Hostpacker |   Link |Apr 13, 2022 10:06:33 AM
Finaly Locked UC..
46.4. IpoRetailer |   Link |Apr 13, 2022 12:41:34 PM
@rsk, celebrated too early....huh? :D
45. IPOANALYSIS |   Link |Apr 13, 2022 10:06:25 AM
It will move up in coming time
.good chance to accumulate more .
44. Hostpacker |   Link |Apr 13, 2022 9:09:51 AM
Buyer will absorbed all sales Order . UC confirm here