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Radhika Jeweltech Ltd IPO (Radhika Jeweltech IPO) Detail

Sep 14, 2016 - Sep 20, 2016

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.

Company Promoters:

The promoters of the company are:

1. Mr Ashokkumar Mathurdas Zinzuwadia

Objects of the Issue:

The objects of the Issue are:

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

Radhika Jeweltech IPO Details

IPO Opening Date Sep 14, 2016
IPO Closing Date Sep 20, 2016
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹75 per equity share
Market Lot 1600 Shares
Min Order Quantity 1600 Shares
Listing At BSE SME
Issue Size6,600,000 Eq Shares of ₹10
(aggregating up to ₹49.50 Cr)

Radhika Jeweltech IPO Lot Size

The Radhika Jeweltech IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1600 ₹120,000
Maximum 1 1600 ₹120,000

Radhika Jeweltech IPO Prospectus

Radhika Jeweltech IPO Rating

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

Radhika Jeweltech IPO Listing Date

Listing Date Tuesday, September 27, 2016
BSE Script Code 540125
NSE Symbol
Listing In M Group of Securities
ISIN INE583V01013
IPO Price ₹75 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹75.00
₹73.95
₹66.00
₹73.95
₹71.00

Company Contact Information

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: http://www.satellitecorporate.com

Radhika Jeweltech IPO Reviews / Ratings

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 equity share. The minimum order quantity is 1600 Shares.

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

Radhika Jeweltech IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.

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, Edelweiss, 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 Tuesday, September 27, 2016.

Radhika Jeweltech IPO Message Board

Ranked Members  Ranked Members

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17. Chem cho |Oct 19, 2016 10:04
IPO Guru IPO Guru (2200+ Posts, 2300+ Likes)
Brought at 575 stop loss 565 enjoy
16. CLD |Sep 27, 2016 12:50
IPO Mentor IPO Mentor (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 |Sep 27, 2016 14:25
Top Contributor Top Contributor (400+ Posts)
V.Good..Advice.......But.....Greediness will b there..
To my mind one should not look at all at Sme Ipo...
16.2. STOCKT |Sep 28, 2016 00:12
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 |Sep 20, 2016 07:57
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 |Oct 9, 2016 17:58
IPO Mentor IPO Mentor (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 |Oct 9, 2016 17:58
IPO Mentor IPO Mentor (700+ Posts, 100+ Likes)
innum irukku sir, paathu select pannanum.
14. Vajra |Sep 19, 2016 11:16
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 |Sep 19, 2016 10:43
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 |Sep 18, 2016 15:06
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 |Sep 18, 2016 12:44
gmp of Radika Jeweltech Ltd ipo
11.1. KAJLA |Sep 20, 2016 14:27
-60
10. ROHIT V. PATEL |Sep 17, 2016 12:36
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 |Sep 17, 2016 12:36
Please Replay
10.2. Durairaj,Tiruppur |Sep 17, 2016 23:46
Top Contributor Top Contributor (300+ Posts)
Hindi Nahi malum
9. Sultan Mirza |Sep 16, 2016 22:26
https://indiankanoon.org/doc/1099296/

Read before applying IPO.
Welcome in advance.
9.1. Durairaj,Tiruppur |Sep 17, 2016 07:10
Top Contributor Top Contributor (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 |Sep 16, 2016 18:37
Top Contributor Top Contributor (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 |Sep 17, 2016 15:20
Top Contributor Top Contributor (200+ Posts)
Relatives of promotors
7. DURAI GOUNDER |Sep 16, 2016 10:37
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 |Sep 15, 2016 23:17
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 |Sep 15, 2016 16:25
Respect all SME IPO Please ...
4. UMESH PANDYA |Sep 15, 2016 12:41
How BSE is allowing such IPO with High premium ?
3. STOCKT |Sep 14, 2016 08:00
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 |Sep 14, 2016 11:51
Stupid IPO avoid
3.2. atul |Sep 15, 2016 22:04
Top Contributor Top Contributor (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 |Sep 14, 2016 00:07
Top Contributor Top Contributor (300+ Posts)
My god....
Don''t know how these people fix the Offer price...
1. Sultan Mirza |Sep 13, 2016 22:45
Avoid Avoid Avoid