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Opal Luxury Time Products Ltd IPO (Opal Luxury Time Products IPO) Detail

Mar 25, 2013 - Mar 28, 2013

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.

Opal Luxury Time Products IPO Details

IPO Date Mar 25, 2013 to Mar 28, 2013
Listing Date Apr 12, 2013
Face Value ₹10 per share
Price ₹130 to ₹135 per share
Lot Size 1000 Shares
Total Issue Size1,000,000 shares
(aggregating up to ₹13.00 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME

Opal Luxury Time Products IPO Reservation

Opal Luxury Time Products IPO Lot Size

The Opal Luxury Time Products IPO lot size is 1000 shares.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹135,000
Retail (Max) 1 1000 ₹135,000
Lot Size Calculator

Opal Luxury Time Products Ltd IPO Grading

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...

Opal Luxury Time Products IPO Review (Avoid)

[Dilip Davda]  

Remarks; Considering the entry barrier and the poor performance of over 75% SME IPOs post listing despite market making efforts, it is better to skip.

Read detail review...

Objects of the Issue

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.

Opal Luxury Time Products IPO Prospectus

Opal Luxury Time Products IPO Rating

24
1.9
Rating:Rated 1.9 stars
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Opal Luxury Time Products IPO Listing Details

Listing Date Apr 12, 2013
BSE Script Code
NSE Symbol OPAL
ISIN INE520N01012
Final Issue Price ₹130 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹130.00
₹130.00
₹112.00
₹135.00
₹128.00

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Company Contact Information

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

Opal Luxury Time Products IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: opal.ipo@karvy.com
Website: https://karisma.kfintech.com/

Opal Luxury Time Products IPO Analysis

Opal Luxury Time Products IPO Recommendation Summary

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

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Opal Luxury Time Products IPO FAQs

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 share. The minimum order quantity is 1000 Shares.

The IPO opens on Mar 25, 2013, and closes on Mar 28, 2013.

KFin Technologies 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 .

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, Nuvama, 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.

The Opal Luxury Time Products IPO listing date is on Apr 12, 2013.
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Opal Luxury Time Products IPO Message Board

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8 Comments

7. PRAKASHCHAND NEMA |   Link |Apr 19, 2013 7:08:15 PM
Dear satyaaa,
pl stick with ur investment.they all are very good scrips.Remember only invest your surplus money in stock market.
6. Dilip Davda |   Link |Apr 12, 2013 10:15:22 AM
Got listed on NSE Emerge on 12.04.13 with subdued quotes

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

5. Dilip Davda |   Link |Mar 29, 2013 10:35:36 AM
Isssue just got 1 time subscription with a managed funds from corporate bodies and QIBs Retail subscription was just 43% of the earmarked quuota.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

4. Athar |   Link |Mar 27, 2013 5:58:11 PM (200+ Posts)
Dear all wishing you all a very happy holy celebrations
3. Contact IPO |   Link |Mar 25, 2013 4:33:38 PM
This company has great market yet to be captured. Bottom line looks attractive rest all is analysis is just noise.
I have subscribed already not big but its a start.
Looks like this company is "The Making of another TITAN"
Recommendation also by Rakesh bhai.
2. K V Subba Rao |   Link |Mar 23, 2013 4:32:12 PM
Liquidate them all NOT at one time but gradually after Sensex crosses 6000 level which may not be very far away. Also keep watching News or Developments relating to specific Companies
1. satyaaa |   Link |Mar 20, 2013 4:38:16 PM
Guys,

I burnt my not ony fingers but full hand due to crash in market in following scrips.
Sterlite, Cairn, Hindalco, Jindal Steel, Nalco OFS, SAIL(exposure 5.00 Lacs)

Please guide me whether I should book loss or continue
1.1. gundu anna |   Link |Mar 20, 2013 7:48:43 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Chance of getting good returns from your investments in those companies is low.... booking loss is recommended...