Renaissance Jewellery Limited IPO (Renaissance IPO) Detail

Nov 19, 2007 - Nov 21, 2007

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.

Objects of the Issue

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.

Renaissance IPO Details

Renaissance IPO Date Nov 19, 2007 to Nov 21, 2007
Renaissance IPO Face Value ₹10 per share
Renaissance IPO Price ₹125 to ₹150 per share
Renaissance IPO Lot Size 45 Shares
Issue Size5,324,240 shares of ₹10
(aggregating up to ₹79.86 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Renaissance IPO Lot Size

The Renaissance IPO 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
Retail (Min) 1 45 ₹6,750
Retail (Max) 29 1305 ₹195,750

Renaissance IPO Subscription Status (Bidding Detail)

The Renaissance IPO is subscribed 23.63 times on Nov 21, 2007 5:00:00 PM. The public issue subscribed 10.51 times in the retail category, 23.13 times in the QIB category, and 55.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Renaissance IPO Prospectus

Renaissance IPO Rating

Rating:Rated 2.8 stars
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Renaissance IPO Listing Date

Listing Date Wednesday, December 12, 2007
BSE Script Code 532923
NSE Symbol RGL
Listing In B1 Group of Securities
ISIN INE722H01024
IPO Price ₹150 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Renaissance Jewellery Limited
Plot No 36A & 37, SEEPZ- SEZ,
MIDC Marol, Andheri (East),
Mumbai 400096, India
Phone: +91 22 66938444

Renaissance IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Renaissance IPO Review

Renaissance IPO Recommendation Summary

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IPO Broker Recommendations

  • Keynote Capitals Ltd - May apply
  • S P Tulsian - Avoid

Renaissance IPO FAQs

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 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 .

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.

The Renaissance IPO listing date is on Wednesday, December 12, 2007.
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Renaissance IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



101. Amar |   Link |Jan 11, 2008 5:23:49 PM
Another cheater Group......Precision down 9% ( loss 18 Rs )

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

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


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 )
100. Ukp |   Link |Dec 21, 2007 12:48:02 PM
You have been alloted 45 shares as below:
Company Name: Renaissance Jewellery Limited
Application Details
Sole / 1st Applicant: CHANDULAL C SHAH
Cut off Price: 150
Shares applied: 45

Allotment Details
Shares Allotted: 45
99. raju |   Link |Dec 20, 2007 9:31:35 PM
I havn't received shares N warrant in my account please help me my appl no. is 71967896
98. chintoo |   Link |Dec 20, 2007 11:09:05 AM
Ashutosh, call intime spectrum for your refund along with your application no..
97. chintoo |   Link |Dec 20, 2007 11:03:16 AM
Hold renaissance for long term profits. Will see above 200 mark by mar08...
96. Ashutosh |   Link |Dec 13, 2007 12:18:25 PM
I haven't received my refund yet as on 13 Dec. Can anyone help me with the information that what can I do in such a case?
95. pj |   Link |Dec 11, 2007 11:54:01 PM
Is it worth buying on listing ? Pls advise......
94. reflex |   Link |Dec 11, 2007 9:21:16 PM
Good numbers of FII's had applied and got allotment. Wide Price Spaculation on lising is expected. I feel it will touch 249/- on higher side and 165 on lower on listing.
93. Michael |   Link |Dec 11, 2007 7:38:08 PM
Hi.....i jsut want to know that i have alloted can i sell tomorrow .....warrant are what si the process of seeling warrant...
92. DHANA |   Link |Dec 11, 2007 7:00:33 PM
I HAVE 45 SHARES Renaissance Jewellery - HOLD OR SELL
91. pankaj |   Link |Dec 11, 2007 3:24:44 PM
sorry the massage 92 was for jyothi lab
90. pankaj |   Link |Dec 11, 2007 3:20:10 PM
i just taked to intime people the persons who have appllied for 140 shres will get 10 shares confirm.If any body wants to confirm he talk to intime on 25960320.
89. Kash |   Link |Dec 11, 2007 1:27:05 PM
Those warrants can be exercised to buy additional shares of RJL at a fixed price/ Warrant exercise price will be at a fixed premium of 25% over the issue price. So, if you have 32 warrants, you can buy additional 32 shares at a fixed price of Rs 187.50. A warrant exercise period will commence post 16 months from the date of allotment of the equity shares and warrants.
88. Rekha |   Link |Dec 11, 2007 10:08:18 AM
87. nitin arora |   Link |Dec 11, 2007 9:00:24 AM
renaissance have issued warrants could anybody tell me what it is all about.
86. satish |   Link |Dec 11, 2007 8:20:20 AM
when i checked my application number ,,, it gives me a msg ,,, unble to find ,,, is there anyone to facing the same prob ,,, wht is the reason
85. siva |   Link |Dec 10, 2007 9:16:40 PM
This is getting listed on 12th Dec. NSE circular releasedExpect the GMP should stay till the listing time.
84. dinesh gupta |   Link |Dec 10, 2007 6:03:59 PM

i have not received the money till date but received the allotment in my dp a/c.
83. ratanpuri |   Link |Dec 10, 2007 3:40:11 PM
82. venkat |   Link |Dec 10, 2007 1:37:22 PM
I got the refund back