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PC Jeweller Ltd IPO (PC Jeweller IPO) Detail

December 10, 2012 - December 12, 2012

PC Jeweller IPO is a book built issue of Rs 609.30 crores.

PC Jeweller IPO bidding started from December 10, 2012 and ended on December 12, 2012. The shares got listed on BSE, NSE on December 27, 2012.

PC Jeweller IPO price band is set at ₹125 to ₹135 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹12,150.

Idbi Capital Market Services Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the book running lead managers of the PC Jeweller IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to PC Jeweller IPO RHP for detailed information.

PC Jeweller IPO Details

IPO Date December 10, 2012 to December 12, 2012
Listing Date December 27, 2012
Face Value ₹10 per share
Price Band ₹125 to ₹135 per share
Lot Size 90 Shares
Total Issue Size45,133,500 shares
(aggregating up to ₹609.30 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

PC Jeweller IPO Reservation

PC Jeweller IPO offers 38,417,250 shares. 15,671,250 (40.79%) to QIB, 6,716,250 (17.48%) to NII, 15,671,250 (40.79%) to RII, 358,500 (0.93%) to employees. 174,125 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 1,530 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered15,671,250 (40.79%)NA
NII (HNI) Shares Offered6,716,250 (17.48%)
Retail Shares Offered15,671,250 (40.79%)174,125
Employee Shares Offered358,500 (0.93%)NA
Total Shares Offered38,417,250 (100%)

PC Jeweller IPO Lot Size

Investors can bid for a minimum of 90 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 90 ₹12,150
Retail (Max) 16 1440 ₹194,400
Lot Size Calculator

About PC Jeweller Ltd

Incorporated in 2005, PC Jeweller Ltd is an established jewellery retailer in North India. Company's operations include the manufacture, retail and wholesale of jewellery. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles. They provide 100% Hallmarked jewellery and Certified Diamond jewellery.

In addition to their retail operations, they also sell gold and diamond jewellery on a wholesale basis to other jewellery retailers in India. They also export gold and diamond jewellery on a wholesale basis to international distributors in Dubai, Hong Kong and Singapore.

PC Jeweller have 30 showrooms under the "PC Jeweller" brand located across 23 cities in north and central India. Company is planning to expand their showroom network across India by adding 20 more in next two years, including in southern and western parts of India. They have manufacturing facilities at 5 locations.

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
30-Sep-1231-Mar-1231-Mar-1131-Mar-1031-Mar-0931-Mar-08
Total Income20,642.4036,742.0722,096.2311,044.536,923.843,767.54
Profit After Tax (PAT)1,413.042,312.911,448.65664.57309.80129.68

Objects of the Issue (PC Jeweller IPO Objectives)

The object of the issue are to:

1. Finance establishment of new showrooms; and
2. General corporate purposes.

PC Jeweller IPO Review (Apply)

[Dilip Davda]  

As far company's performance is concerned, for last three fiscals it has posted average EPS of Rs. 13.40 and for first half of the current fiscal it stands at Rs. 10.60 along with NAV of Rs. 52.08. It has issued bonus in the ratio of 2 shares for every 1 share held in September 2011. Thus the asking price is at around 8.5 P/E on fully diluted equity and is thus priced reasonably compared to its peer that are quoting around 13 to 42 P/E. Considering fancy for gem and jewellery sector counters, investment is recommended.

Read detail review...


PC Jeweller IPO Subscription Status (Bidding Detail)

The PC Jeweller IPO is subscribed 6.85 times on December 12, 2012 9:00:00 PM. The public issue subscribed 1.68 times in the retail category, 7.33 times in the QIB category, and 18.12 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB7.33
NII18.12
Retail1.68
Employee0.96
Total6.85

PC Jeweller IPO Grading

CRISIL has assigned a IPO Grade 3/5 to the IPO of PC Jeweller. This grade indicates that the fundamentals of the PC Jeweller IPO are 'average' relative to the other listed equity securities in India. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Please note that this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument's future market price or its suitability for a particular investor.

Read PC Jeweller IPO Grading Report

Rs 5 Discount for Retail Bidders And Employees

The promoter of PC Jeweller has offered Rs 5 discount to retail investors and employees in PC Jeweller IPO shares. The discount will be given on the final price of the IPO shares.

PC Jeweller IPO Prospectus

PC Jeweller IPO Rating

189
3.5
Rating:Rated 3.5 stars
Vote Here ...

PC Jeweller IPO Listing Details

Listing Date December 27, 2012
BSE Script Code 534809
NSE Symbol PCJEWELLER
ISIN INE785M01013
Final Issue Price ₹135 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹135.00
₹135.50
₹135.50
₹154.75
₹149.00
NSE
₹135.00
₹137.00
₹137.00
₹154.70
₹149.20

Check IPO Performance…

PC Jeweller Ltd Contact Details

PC Jeweller Ltd
24/2708, Bank Street,
Karol Bagh,
New Delhi 110 005
Phone: (+91 11) 4710 4810
Email: investors@pcjewellers.com
Website: http://www.pcjewellers.com

PC Jeweller IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: pcjeweller.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

PC Jeweller IPO FAQs

PC Jeweller IPO is a main-board IPO of 45,133,500 equity shares of the face value of ₹10 aggregating up to ₹609.30 Crores. The issue is priced at ₹125 to ₹135 per share. The minimum order quantity is 90 Shares.

The IPO opens on December 10, 2012, and closes on December 12, 2012.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The PC Jeweller IPO opens on December 10, 2012 and closes on December 12, 2012.

PC Jeweller IPO lot size is 90 Shares, and the minimum amount required is ₹12,150.

You can apply in PC Jeweller 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 PC Jeweller IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PC Jeweller IPO allotment status.

The PC Jeweller IPO listing date is on December 27, 2012.
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PC Jeweller IPO Message Board

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139 Comments

112. Jackpoat |   Link |  Bookmark |January 7, 2013 11:43:49 AM (200+ Posts)
sold 90 pcj at 191.50
sold 20 care at 935.50
holding nil
111. ShivPrv |   Link |  Bookmark |January 2, 2013 6:22:58 PM
PCJ issue turned out well. Tara Jewels also going up.

Retail jeweller stocks UP. What is reason?
110. IPOANALYSIS |   Link |  Bookmark |January 1, 2013 5:50:30 PM
RETAIL WEAK HANDS ARE OUT OF THIS STOCK. STOCK IN STRONG HANDS. BIG FUND HOHAS PURCHASED SHARES. STOCK TO DOUBLE IN QUICK TIME
109. arun |   Link |  Bookmark |December 28, 2012 5:19:03 PM
RETAIL APPLICATIONS ARE BASIS OF ALLOTMENT

In PC JEWELLERS out of 1.74 lacs Applications received in Retail , 1.55 Lac applications are made for 1 lot which were allotted shares .

it is 90% of retail application made and every one was allotted 1 lot

now onwards with this new retail allotment system based on application received , one should apply for 1 lot only for allotment, this will also not block huge funds
109.1. CLD |   Link |  Bookmark |December 28, 2012 7:33:27 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Also people who apply through cheques do not loose interest on their funds. People who apply through loans also get benefitted.
108. rajni gandhi |   Link |  Bookmark |December 27, 2012 8:00:20 PM (400+ Posts)
In retail full application also got 90 share. when Basis of allotment publish then retailer''s know how PCJ give allotment. Before listing every IPO''s Basis allotment published. PCJ Basis allotment not come. So wait & watch.
107. ShivPrv |   Link |  Bookmark |December 27, 2012 7:58:44 PM
With SEBI''s new allotment rules, can retail shares be allocated to NII or QIB?
107.1. arun |   Link |  Bookmark |December 29, 2012 10:34:09 PM
unsubscribed portion of Retail & NIB are spilled over to QIB and vice versa.

Incase of Bharti , QIB portion were app 7 crore shares , but since Retail and NIB had undersubcribed , QIB were allotted app 14 crore shares due to spill over from Retail and NIB portion.

this you may cheque from basis of allotment posted on this forum
106. Venky IPO |   Link |  Bookmark |December 27, 2012 6:46:37 PM
Just curious, The retail subscription is only 1.68 times...but of the total allotment i got only 20% of what I had bid for...I can understand if the share has been oversubscribed 5 times but that is not the case here. Can someone please share light on why the Retail investor gets the short stick even if retail subscription is less than 2 times :(.

NOTE : I still hold on to the view that IPO in Indian markets are a swindlers paradise. A good IPO like this come few and far between and it is sad to see the Retail investor get the short shrift there as well...
106.1. arun |   Link |  Bookmark |December 27, 2012 8:09:43 PM
old allotment system as per oversubscription in retail portion is no more effective now.
as per new SEBI rules now number of applicants are basis for allotment in retail . suppose 1 lac applications are made in retail, either in 1lot orupto full lot, all will be allotted 1 lot and then left over will be given to applicats of 2 lot and above proportionately as per applications received in that portion.
now retail investor should apply for 1 lot only for better chances on minimum amount blocked
106.2. Venky IPO |   Link |  Bookmark |January 2, 2013 3:52:43 PM
So essentially that just means that as a Retail Investor in IPO, you get scr@wed both ways. If a stock is bad, you get full allotment and lose your shirt/trousers and more when listed. If the stock is even half good, you get peanuts or nothing for parking your money on the stocks. Wow...God bless the Retail Investors!!!

At this rate, SEBI can just debar Retail investors from IPO so that the small fishes dont become easy meal for the Institutional sharks. But then who is going to feed the sharks and hence SEBI will continue to look the other way. This was my first IPO subscription in 2 years and it will be the last IPO I suppose.
105. Naveen gn |   Link |  Bookmark |December 27, 2012 6:02:13 PM
Why PCJ didn''t publish basis of allotment yet?
104. MUDIT CHOPRA |   Link |  Bookmark |December 27, 2012 1:19:24 PM
SOLD 180 SHARES AT 154 I TOLD THAT IT WILL LIST AROUND 150
103. MASTER MIND |   Link |  Bookmark |December 27, 2012 1:11:33 PM
PC JEWELERS THE REAL JEWEL OF INDIAN IPO
102. hirve hitu |   Link |  Bookmark |December 27, 2012 10:41:36 AM
any idea about PC
101. hirve hitu |   Link |  Bookmark |December 27, 2012 10:38:24 AM
sold 90 on 147
100. ms mudd |   Link |  Bookmark |December 27, 2012 9:43:34 AM
Allotted 90 Shares......sold out 80 shares @ 144.20 and kept 10 shares on hold.....M S R Mallikharjun
99. CHD |   Link |  Bookmark |December 27, 2012 9:14:50 AM (1100+ Posts, 500+ Likes)
Reaches 145.....more than 10 % return on listing -not bad at all 1
98. CHD |   Link |  Bookmark |December 27, 2012 9:09:51 AM (1100+ Posts, 500+ Likes)
Touches 143..... sold all.....!
98.1. gemipofinder |   Link |  Bookmark |December 27, 2012 9:16:39 AM
dhar saheb well done..
nothing exciting as less quantity is alloted to retailers..
so even if it goes to 150-160 does not make huge dif. to overall profit
97. bhaji mula |   Link |  Bookmark |December 27, 2012 9:03:02 AM
Not Bad, Not good....listed on 137
96. gemipofinder |   Link |  Bookmark |December 27, 2012 9:00:14 AM
today range in my opinion should be @138-148

one month target 125-160
95. punit bhandari |   Link |  Bookmark |December 27, 2012 8:58:19 AM
indicative price is 135.50
94. carez |   Link |  Bookmark |December 27, 2012 8:55:16 AM
IS IT ALREADY LISTED? PRICE SHOWING 135.5 in BSE?
93. bhaji mula |   Link |  Bookmark |December 27, 2012 8:40:55 AM
since when IPO started listing at 10 AM ?