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Shubhlaxmi Jewel Art Limited IPO (Shubhlaxmi Jewel IPO) Detail

November 22, 2018 - November 27, 2018

Shubhlaxmi Jewel IPO is a fixed price issue of Rs 6.51 crores.

Shubhlaxmi Jewel IPO bidding started from November 22, 2018 and ended on November 27, 2018. The shares got listed on NSE SME on December 4, 2018.

Shubhlaxmi Jewel IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Shubhlaxmi Jewel IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Shubhlaxmi Jewel IPO RHP for detailed information.

Shubhlaxmi Jewel IPO Details

IPO Date November 22, 2018 to November 27, 2018
Listing Date December 4, 2018
Face Value ₹10 per share
Price ₹26 per share
Lot Size 4000 Shares
Total Issue Size2,504,000 shares
(aggregating up to ₹6.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion128,000 shares

Shubhlaxmi Jewel IPO Reservation

Shubhlaxmi Jewel IPO offers 2,504,000 shares. 1,188,000 (47.44%) to NII, 1,188,000 (47.44%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered128,000 (5.11%)
Other Shares Offered1,188,000 (47.44%)
Retail Shares Offered1,188,000 (47.44%)
Total Shares Offered2,504,000 (100%)

Shubhlaxmi Jewel IPO Lot Size

Investors can bid for a minimum of 4000 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 4000 ₹104,000
Retail (Max) 1 4000 ₹104,000
Lot Size Calculator

About Shubhlaxmi Jewel Art Limited

Incorporated in 2013, Bhavnagar, Gujarat based Shubhlaxmi Jewel Art Limited is a company engaged in the business of jewellery and ornaments. The company is engaged in both the retail and wholesale business.

The product portfolio of the company includes a wide range of jewellery made of gold, silver, diamond and platinum studded with precious and semi-precious stones.

Shubhlaxmi Jewel Art has its own showroom located at Bhavnagar. The company is also setting up a manufacturing facility in the city to cater to the demands of the local customers.

The company's total revenue was Rs 4684.92 lakhs, Rs 4343.54 lakhs and Rs 4743.39 lakhs for 2017-18, 2016-17 and 2015-16 respectively.

The EBITDA was Rs 264.65 lakhs, Rs 262.28 lakhs and Rs 244.39 lakhs for 2017-18, 2016-17 and 2015-16 respectively.

The PAT was Rs 82.43 lakhs, Rs 64.80 lakhs and Rs 36.78 lakhs for 2017-18, 2016-17 and 2015-16 respectively.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-May-18 01-May-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 1,773.03 1,789.61 1,781.95 1,480.17 1,543.42 1,524.08 1,188.30
Total Revenue 203.57 408.75 4,684.91 4,343.54 4,743.38 4,514.00 697.57
Profit After Tax 3.70 11.63 82.43 64.80 36.78 129.22 3.35

Objects of the Issue (Shubhlaxmi Jewel IPO Objectives)

The Objects of the Issue are-

1. Funding the working capital requirements
2. General corporate purposes

Shubhlaxmi Jewel IPO Review (Avoid)

[Dilip Davda]  

Issue is priced very aggressively. Sector is currently witnessing bad sentiment. Considering these there is no ham in giving this issue a miss.

Read detail review...


Shubhlaxmi Jewel IPO Subscription Status (Bidding Detail)

The Shubhlaxmi Jewel IPO is subscribed 4.22 times on November 27, 2018 6:00:00 PM. The public issue subscribed 5.41 times in the retail category, times in the QIB category, and 3.03 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other3.03
Retail5.41
Total4.22

Shubhlaxmi Jewel IPO Prospectus

Shubhlaxmi Jewel IPO Rating

63
3.3
Rating:Rated 3.3 stars
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Shubhlaxmi Jewel IPO Listing Details

Listing Date December 4, 2018
BSE Script Code
NSE Symbol SHUBHLAXMI
ISIN INE01Z401013
Final Issue Price ₹26 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹26.00
₹27.10
₹27.10
₹27.80
₹27.20

Check IPO Performance…

Shubhlaxmi Jewel Art Limited Contact Details

Shubhlaxmi Jewel Art Limited
Shop No. 1, Ground Floor,

Bhavnagar - 364002,
Phone: +91 278 2562600
Email: cs@shubhlaxmiltd.in
Website: http://www.shubhlaxmiltd.in/

Shubhlaxmi Jewel IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: shubhlaxmi.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Shubhlaxmi Jewel IPO - Buy or Not

Shubhlaxmi Jewel IPO Recommendation Summary

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

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Shubhlaxmi Jewel IPO FAQs

Shubhlaxmi Jewel IPO is a SME IPO of 2,504,000 equity shares of the face value of ₹10 aggregating up to ₹6.51 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000 Shares.

The IPO opens on November 22, 2018, and closes on November 27, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Shubhlaxmi Jewel IPO opens on November 22, 2018 and closes on November 27, 2018.

Shubhlaxmi Jewel IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.

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

The Shubhlaxmi Jewel IPO listing date is on December 4, 2018.
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Shubhlaxmi Jewel IPO Message Board

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10 Comments

7. Small Investor |   Link |  Bookmark |December 27, 2018 5:18:40 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
Boom Boom Boom now @ 36.50
6. kuntal patil |   Link |  Bookmark |November 15, 2018 10:05:21 AM
Hi . intraday is allowed in SME stock ?
6.1. VIE |   Link |  Bookmark |November 17, 2018 1:10:13 PM (500+ Posts, 500+ Likes)
Share in SM catergory on Nse emerge are allow for rolling settlement as mainboard.
More over any new listing in SME platform share was kept under ST category for 10 trading day and then it move to SM category. ST is trade to trade basis settlement.
5. Carn Mohan |   Link |  Bookmark |November 9, 2018 11:54:41 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Ultra wiring company is ok but technicaly poor , in SME no matter company is good or bad .
4. Carn Mohan |   Link |  Bookmark |November 7, 2018 7:26:49 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
But don't forget Softtech where Pantomath is LM currently trading at 50% discount. so be careful.
4.1. kuntal patil |   Link |  Bookmark |November 9, 2018 9:33:56 AM
Mr Carn Mohan . I am holding Ultra Wiring Connectivity system ltd . Any positive view on this countner ? .
3. BIPUL KUMAR |   Link |  Bookmark |November 8, 2018 11:17:00 AM
Last year D P ABHUSAN gave good returns so i hope same things will happen,and L M is also good.
2. Carn Mohan |   Link |  Bookmark |November 7, 2018 7:09:19 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
LM best listing gain possible.
1. BIPUL KUMAR |   Link |  Bookmark |November 6, 2018 10:33:28 PM
I think its a very good sme ipo.
1.1. traderji |   Link |  Bookmark |November 7, 2018 1:09:43 PM
Bipul Kumar abhi tak kaha the...............this is your first post....Looks like company marketing agent.............