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Radhika Jeweltech Ltd IPO (Radhika Jeweltech IPO) Detail

September 14, 2016 - September 20, 2016

Radhika Jeweltech IPO is a fixed price issue of Rs 49.50 crores.

Radhika Jeweltech IPO bidding started from September 14, 2016 and ended on September 20, 2016. The shares got listed on BSE SME on September 27, 2016.

Radhika Jeweltech IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Corporate Strategic Allianz Ltd is the book running lead manager of the Radhika Jeweltech IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.

Refer to Radhika Jeweltech IPO RHP for detailed information.

Radhika Jeweltech IPO Details

IPO Date September 14, 2016 to September 20, 2016
Listing Date September 27, 2016
Face Value ₹10 per share
Price ₹75 per share
Lot Size 1600 Shares
Total Issue Size6,600,000 shares
(aggregating up to ₹49.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Radhika Jeweltech IPO Lot Size

Investors can bid for a minimum of 1600 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 1600 ₹120,000
Retail (Max) 1 1600 ₹120,000
Lot Size Calculator

About Radhika Jeweltech Ltd

Incorporated in 2014, Radhika Jeweltech Ltd is a jewellery retailer engaged in the business of manufacture, resale, export and import of Gold, Silver, precious and semi precious metal ornaments and studded ornaments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Based in Rajkot, company primarily sell gold jewellery and diamond studded Jewellery.

The design and manufacture of their products is done either in house or by third parties on job work basis. Visit chittorgarh.com for more detail.Company make their product in different price points to cater all customers across high-end, mid-market and value market segments. Apart from their own Jewellery they are also dealing in trading of branded jewellery. The Company deals only in jewelry certified by BIS Hallmark.

Objects of the Issue (Radhika Jeweltech IPO Objectives)

The objects of the Issue are:

1. Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.

Radhika Jeweltech IPO Review (Avoid)

[Dilip Davda]  No harm in giving this IPO a miss. The asking price is at a 100 P/E that makes it a highly priced issue. Other listed peers are trading around 7 to 36 P/E. Read detail review...

Radhika Jeweltech IPO Prospectus

Radhika Jeweltech IPO Rating

27
1.8
Rating:Rated 1.8 stars
Vote Here ...

Radhika Jeweltech IPO Listing Details

Listing Date September 27, 2016
BSE Script Code 540125
NSE Symbol RADHIKAJWE
ISIN INE583V01013
Final Issue Price ₹75 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹75.00
₹73.95
₹66.00
₹73.95
₹71.00

Check IPO Performance…

Radhika Jeweltech Ltd Contact Details

Radhika Jeweltech Ltd
3-4-5, 'Raj Shrungi' Complex,
Palace Road,
Rajkot
Phone: +0281-2233100
Email: radhikajeweltech@gmail.com
Website: http://www.radhikajeweltech.com

Radhika Jeweltech IPO Registrar

Satellite Corporate Services Private Limited

Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php

Radhika Jeweltech IPO - Buy or Not

Radhika Jeweltech IPO Recommendation Summary

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

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Radhika Jeweltech IPO FAQs

Radhika Jeweltech IPO is a SME IPO of 6,600,000 equity shares of the face value of ₹10 aggregating up to ₹49.50 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.

The IPO opens on September 14, 2016, and closes on September 20, 2016.

Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Radhika Jeweltech IPO opens on September 14, 2016 and closes on September 20, 2016.

Radhika Jeweltech IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.

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

The Radhika Jeweltech IPO listing date is on September 27, 2016.
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Radhika Jeweltech IPO Message Board

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

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28 Comments

17. Chem cho |   Link |  Bookmark |October 19, 2016 11:04:52 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
Brought at 575 stop loss 565 enjoy
16. CLD |   Link |  Bookmark |September 27, 2016 1:50:34 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
SME IPOs which listed today are:

Radhika Jeweltech
Crown lifters
Husys Consulting

Bad listing performance in all.
Week hearted must have suffered huge losses.

Radhika made a low of 69 against issue price of 75
Crowm made a low of 107 against issue price of 121
Husys made a low of 62.5 against issue price of 69

SME IPOs are highly risky stocks with low liquidity.
My advice is not to venture into such IPOs
16.1. SONMAYA |   Link |  Bookmark |September 27, 2016 3:25:56 PM
IPO Mentor IPO Mentor (1300+ Posts, 400+ Likes)
V.Good..Advice.......But.....Greediness will b there..
To my mind one should not look at all at Sme Ipo...
16.2. STOCKT |   Link |  Bookmark |September 28, 2016 1:12:51 AM
it is not only these 3 sme. infact almost all recent listed sme have listed at discount.
if out of 12 sme 11 have lsited at discount why take risk. boycott al recent sme, all of them are waste
15. DURAISWAMY |   Link |  Bookmark |September 20, 2016 8:57:02 AM
Amsons and funny software SMAE ARE TRADING BELOW ITS ISSUE PRICE BEWARE OF SME IPOS. MY AMOUNT 2.4 LAKHS TRAPPED. I DID NOT FIND WAYS TO ESCAPE . I AM SHARING MY REAL EXPERIENCE. PLEASE DO NOT APPLY BEWARE.....BEWARE....BEWARE....
15.1. Shivajee |   Link |  Bookmark |October 9, 2016 6:58:06 PM (700+ Posts, 100+ Likes)
Duraisamy sir. sorry to hear this. Pls find some good mainline market stocks, make profit, and then you can equalize the loss that is made in these sme.

My suggestions shree pushkar, endurance etc, bt you need to hold for some time.
15.2. Shivajee |   Link |  Bookmark |October 9, 2016 6:58:57 PM (700+ Posts, 100+ Likes)
innum irukku sir, paathu select pannanum.
14. Vajra |   Link |  Bookmark |September 19, 2016 12:16:29 PM
AVOID, trap for investors.. Till last financial year profit 2 crore. Profit till 22.07.16 stated as 0.54 crore. However in RHP page 80 salary from August 2016 onwards of 6 lakh per month finalized for 3 of its directors with same surname...
13. KAJLA |   Link |  Bookmark |September 19, 2016 11:43:34 AM
Radika Jeweltech Ltd Deserve price of not more than Rs 20/-
Beaware for trap as promotors collectiing huge amount from this IPO
AS AGAINST 2 CR PROFIT THEY COLLECTING 50 CR FROM PUBLIC
12. STOCKT |   Link |  Bookmark |September 18, 2016 4:06:04 PM
fake entries for subscription. this will go down as soon as retailers enter. this is a trap. dont subscribe. 7 out of 8 issues are already on discount from last sme.

also the lead manager issues have gone down in past.

11. Bathiya Shyam Pradipbhai |   Link |  Bookmark |September 18, 2016 1:44:05 PM
gmp of Radika Jeweltech Ltd ipo
11.1. KAJLA |   Link |  Bookmark |September 20, 2016 3:27:12 PM
-60
10. ROHIT V. PATEL |   Link |  Bookmark |September 17, 2016 1:36:11 PM
SME Ipo Me Subjectt To Kese Hota He Usme Rule Esa Hota He Ke SHare Lage To Hi Money Dege?
10.1. ROHIT V. PATEL |   Link |  Bookmark |September 17, 2016 1:36:37 PM
Please Replay
10.2. Durairaj,Tiruppur |   Link |  Bookmark |September 18, 2016 12:46:37 AM (300+ Posts)
Hindi Nahi malum
9. Sultan Mirza |   Link |  Bookmark |September 16, 2016 11:26:04 PM
https://indiankanoon.org/doc/1099296/

Read before applying IPO.
Welcome in advance.
9.1. Durairaj,Tiruppur |   Link |  Bookmark |September 17, 2016 8:10:43 AM (300+ Posts)
Dear Sultan,
This IT search/ seizure / raid will be common with most of the businessmen....
and we are in India, where everyone holds unaccounted money...
8. Durairaj,Tiruppur |   Link |  Bookmark |September 16, 2016 7:37:28 PM (300+ Posts)
The issue has received subscription for 57,00,800 shares till date. That workout to 86%.....

who are those crazy people applying for this IPO...?
8.1. atul |   Link |  Bookmark |September 17, 2016 4:20:46 PM (200+ Posts)
Relatives of promotors
7. DURAI GOUNDER |   Link |  Bookmark |September 16, 2016 11:37:05 AM
Amsons apparels and funny software SMAE ARE TRADING BELOW ITS ISSUE PRICE BEWARE OF SME IPOS. MY AMOUNT 2.4 LAKHS TRAPPED. I DID NOT FIND WAYS TO ESCAPE . I AM SHARING MY REAL EXPERIENCE. PLEASE DO NOT APPLY
6. STOCKT |   Link |  Bookmark |September 16, 2016 12:17:19 AM
GUYS THIS STOCK WILL BE AVAIABLE AT 1 RS BY NEXT YEAR

DONT WATSE UR HARD EARNED MONEY IN CRAP.

TEACH GREEDY PROMOTERS A LESSON AND NOT TO COME UP WITH ANY SME IPO

LOOKING AT THE WAY RECENT SME HAVE PERFORMED LETS BOYCOTT ALL SME.

INSTEAD YOU CAN LOOK FOR SECONDARY MARKET SME

THERE ARE QUITE A GOOD ONES LIKE AMBITION MICA, LANCER CONTAINERS,FOURTH DIMENSION, HITECH PIPE, HEC INFRA,LOYAL EQUIPMENT, JIYA ECOPRODUCTS. BUY THESE SME THEY WILL DOUBLE FROM HERE ON AND ARE STILL VAIABLE AT VERY CHEAP PRICE
5. RAVIJOSHI |   Link |  Bookmark |September 15, 2016 5:25:22 PM
Respect all SME IPO Please ...
4. UMESH PANDYA |   Link |  Bookmark |September 15, 2016 1:41:32 PM
How BSE is allowing such IPO with High premium ?
3. STOCKT |   Link |  Bookmark |September 14, 2016 9:00:08 AM
with such less sales and profits they are asking 50 crore.

they have guts to come at this price.

it would 100% list at huge discount hitting lower circuits.
3.1. DURAI GOUNDER |   Link |  Bookmark |September 14, 2016 12:51:12 PM
Stupid IPO avoid
3.2. atul |   Link |  Bookmark |September 15, 2016 11:04:07 PM (200+ Posts)
This is 2014 founded company and investment in this company is like seed funding of start up.return will come aftet at least 2 years
2. Durairaj,Tiruppur |   Link |  Bookmark |September 14, 2016 1:07:17 AM (300+ Posts)
My god....
Don''t know how these people fix the Offer price...
1. Sultan Mirza |   Link |  Bookmark |September 13, 2016 11:45:41 PM
Avoid Avoid Avoid