Incorporated in 1989, Renaissance Jewellery Limited (RJL) is in the business of manufacture and sale of studded gold, platinum and silver jewellery. Renaissance product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in precious metals like gold, platinum and silver. Renaissance has three manufacturing units, two in Mumbai and one at Bhavnagar, Gujarat.
Renaissance mainly manufactures jewellery items for its international customers. Companies also market its studded jewellery products in domestic market through its retail stores operated by its subsidiary, Renaissance Retail Venture Private Limited (RRVPL). RRVPL currently has 8 retail outlets. The retail products sold by RRVPL are under the brand name "Lucera".
Renaissance's sales for Fiscal 2002 were Rs. 555.54 million which has increased to Rs. 3,344.00 million for Fiscal 2006 at a CAGR of 56.63%. Renaissance's sales for the nine months period ended December 2006 was Rs. 3,520.17 million. Company's net profit after taxes for Fiscal 2002 was Rs. 30.27 million which has increased to Rs. 155.39 million for Fiscal 2006 at a CAGR of 50.52%. Company's net profit for the nine months period ended December 2006 was Rs. 201.76 million.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To fund capacity expansion at our Bhavnagar and Mumbai units;
2. To investment in foreign subsidiary;
3. To increase company's working capital.
| IPO Opening Date | Nov 19, 2007 |
| IPO Closing Date | Nov 21, 2007 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹125 to ₹150 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,324,240 Eq Shares of ₹10 (aggregating up to ₹79.86 Cr) |
The Renaissance IPO market lot size is 45 shares. A retail-individual investor can apply for up to 29 lots (1305 shares or ₹195,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 45 | ₹6,750 |
| Maximum | 29 | 1305 | ₹195,750 |
The Renaissance IPO is subscribed 23.63x times on Nov 21, 2007 17:00. The public issue subscribed 10.51x in the retail category, 23.13x in the QIB category, and 55.93x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| Total | 23.63x |
| Listing Date | Wednesday, December 12, 2007 |
| BSE Script Code | 532923 |
| NSE Symbol | RJL |
| Listing In | B1 |
| ISIN | INE722H01016 |
| IPO Price | ₹150 per equity share |
| Face Value | ₹10 per equity share |
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Renaissance Jewellery Limited
Plot No 36A & 37, SEEPZ- SEZ,
MIDC Marol, Andheri (East),
Mumbai 400096, India
Phone: +91 22 66938444
Email: ipo@renjewellery.com
Website: http://www.renjewellery.com
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: rjlipo@intimespectrum.com
Website: http://www.linkintime.co.in
Renaissance IPO is a main-board IPO of 5,324,240 equity shares of the face value of ₹10 aggregating up to ₹79.86 Crores. The issue is priced at ₹125 to ₹150 per equity share. The minimum order quantity is 45 Shares.
The IPO opens on Nov 19, 2007, and closes on Nov 21, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Renaissance IPO opens on Nov 19, 2007 and closes on Nov 21, 2007.
Renaissance IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
You can apply in Renaissance 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 Renaissance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Renaissance IPO allotment status.
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In line with Mankasia....down 11% ( loss 18 rs )
Brigade............down 12% ( loss 50 rs )
Renaissance .......down 9% ( loss 15 rs )
Empee Dist..........down 22% ( loss 91 Rs )
Rathi bars ........down 9% ..( loss 3 rs )
Even at 20827 Index ......out of last 15 IPO's .6 ipo's are in
RED.......BE CAUTIOUS WITH CHEATERs
2007 almost 40% IPO's are in RED.....
Making their pockets full & never worried about innocent investors...135 issues going to come & 40% will be like this so be careful
MORE CHEATERS ARE EXPECTED IN 2008 so BE CAREFUL FRIENDS< ITS HARD EARNED MONEY
Even be careful with some dear friends who posts msg here on as company agents & misguide new comers....( They always advise long term Very good buy...........lol )