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Shubhlaxmi Jewel Art Limited IPO (Shubhlaxmi Jewel IPO) Detail

Nov 22, 2018 - Nov 27, 2018

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 Promoters:

The Promoters of the company are Narendrasinh Chauhan and Jitendrakumar Chauhan. They together hold, in aggregate 41,56,280 Equity Shares representing 71.66% of the pre-issue paid-up capital of the Company.

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:

The Objects of the Issue are-

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

Shubhlaxmi Jewel IPO Details

IPO Opening Date Nov 22, 2018
IPO Closing Date Nov 27, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹26 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Issue Size2,504,000 Eq Shares of ₹10
(aggregating up to ₹6.51 Cr)

Shubhlaxmi Jewel IPO Lot Size

The Shubhlaxmi Jewel IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹104,000
Maximum 1 4000 ₹104,000

Shubhlaxmi Jewel IPO Review

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 Nov 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)
NII3.03
Retail5.41
Total4.22

Shubhlaxmi Jewel IPO Prospectus

Shubhlaxmi Jewel IPO Rating

63
3.3
Rating:Rated 3.3 stars
Vote Here ...

Shubhlaxmi Jewel IPO Listing Date

Listing Date Tuesday, December 4, 2018
BSE Script Code
NSE Symbol SHUBHLAXMI
Listing In
ISIN INE01Z401013
IPO Price ₹26 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹26.00
Open: ₹27.10
Low: ₹27.10
High: ₹27.80
Last Trade: ₹27.20

Company Contact Information

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/

Shubhlaxmi Jewel IPO Reviews / Ratings

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 equity share. The minimum order quantity is 4000 Shares.

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

Shubhlaxmi Jewel IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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, Edelweiss, 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 Tuesday, December 4, 2018.

Shubhlaxmi Jewel IPO Message Board

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10 Comments

7. Small Investor |   Link |Dec 27, 2018 5:18:40 PM
IPO Guru IPO Guru (1600+ Posts, 800+ Likes)
Boom Boom Boom now @ 36.50
6. kuntal patil |   Link |Nov 15, 2018 10:05:21 AM
Hi . intraday is allowed in SME stock ?
6.1. VIE |   Link |Nov 17, 2018 1:10:13 PM
IPO Mentor IPO Mentor (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 |Nov 9, 2018 11:54:41 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Ultra wiring company is ok but technicaly poor , in SME no matter company is good or bad .
4. Carn Mohan |   Link |Nov 7, 2018 7:26:49 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
But don't forget Softtech where Pantomath is LM currently trading at 50% discount. so be careful.
4.1. kuntal patil |   Link |Nov 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 |Nov 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 |Nov 7, 2018 7:09:19 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
LM best listing gain possible.
1. BIPUL KUMAR |   Link |Nov 6, 2018 10:33:28 PM
I think its a very good sme ipo.
1.1. traderji |   Link |Nov 7, 2018 1:09:43 PM
Bipul Kumar abhi tak kaha the...............this is your first post....Looks like company marketing agent.............