Incorporated in 2007, Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products. Currently Opal design and manufacture wall and table clocks and market them under two brands, the premium brand 'Opal' and budget brand 'Caliber'.
They offer 109 styles of clocks under their brand ‘OPAL’ those ranges from Rs 1450 to Rs 27500. Also they have 31 styles of clocks under ‘Caliber’ brand with average MRP of Rs 370. Company is headquartered in Pune and currently has a manufacturing facility in the industrial area of Roorkee, Uttarakhand.
Company's brand 'Opal' has 91 organized retailers which includes popular brands such as Shoppers Stop, Home Town, etc. Also they have tie ups with 10 online portals and also have their own shopping portal www.opalclocks.com. They have recently started exporting both their brands, ‘Opal’ and ‘Caliber’ to the United States.
The promoters of the company are:
1. Mr. Sameer Gujar
2. Mrs. Pratibha Gujar
The object of the issue are to:
1. Investments in Moulds, tools and equipment and Indigenisation of the designs for expansion of the existing manufacturing facility;
2. Enhancement of the Company’s brand through advertising and other brand building activities; and
3. General corporate purposes.
| IPO Opening Date | Mar 25, 2013 |
| IPO Closing Date | Mar 28, 2013 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹130 to ₹135 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,000,000 Eq Shares of ₹10 (aggregating up to ₹13.00 Cr) |
The Opal Luxury Time Products IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹135,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹135,000 |
| Maximum | 1 | 1000 | ₹135,000 |
CRISIL Research has assigned a CRISIL SME fundamental grade of 'SME 4/5' to Opal Luxury Time Products Ltd. The SME fundamental grade indicates that the fundamentals of the company are 'superior' compared to other SMEs in India. CRISIL SME fundamental grade is CRISIL's current opinion on the fundamentals of the graded SME. This opinion is a relative assessment in relation to other SMEs in India. A CRISIL SME fundamental grade 'SME 5/5' indicates excellent fundamentals and a CRISIL SME fundamental grade 'SME 1/5' indicates poor fundamentals. Read full report...
| Listing Date | Friday, April 12, 2013 |
| BSE Script Code | |
| NSE Symbol | OPAL |
| Listing In | |
| ISIN | INE520N01012 |
| IPO Price | ₹130 per equity share |
| Face Value | ₹10 per equity share |
|
|
Opal Luxury Time Products Ltd
Shree Ganesh, Plot No. 31
Shivaji Housing Society, Behind ICC Tower,
Senapati Bapat Road, Pune – 411 016
Phone: +91 – 20 - 2563 1919
Email: contact@opalclocks.com
Website: http://www.opalclocks.com
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: opal.ipo@karvy.com
Website: https://karisma.kfintech.com/
Opal Luxury Time Products IPO is a SME IPO of 1,000,000 equity shares of the face value of ₹10 aggregating up to ₹13.00 Crores. The issue is priced at ₹130 to ₹135 per equity share. The minimum order quantity is 1000 Shares.
The IPO opens on Mar 25, 2013, and closes on Mar 28, 2013.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Opal Luxury Time Products IPO opens on Mar 25, 2013 and closes on Mar 28, 2013.
Opal Luxury Time Products IPO lot size is 1000 Shares and the minimum order quantity is 1000 Shares.
You can apply in Opal Luxury Time Products 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 Opal Luxury Time Products IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Opal Luxury Time Products IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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