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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:
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 Size | 2,700,000 shares (aggregating up to ₹11.07 Cr) |
Fresh Issue | 2,700,000 shares (aggregating up to ₹11.07 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Other Shares Offered | 1,281,000 (50.00%) |
Retail Shares Offered | 1,281,000 (50.00%) |
Market Maker portion | 138,000 shares |
Total Shares Offered | 2,562,000 |
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 |
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 |
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 |
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)
Category | Subscription (times) |
---|---|
Other | 2.88 |
Retail | 2.03 |
Total | 2.45 |
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 |
[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...
Requirement of Funds and Utilization of Net Proceeds:
Listing Date | Apr 13, 2022 |
BSE Script Code | 543518 |
NSE Symbol | |
ISIN | INE0KSN01014 |
Final Issue Price | ₹41 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
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₹41.00 |
₹42.00 |
₹42.00 |
₹44.10 |
₹44.10 |
Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
Raipur,
Chhattisgarh, 492001
Phone: +91-0771-2234737
Email: info@eightyjewels.in
Website: https://eightyjewels.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
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 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
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.
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