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Incorporated in 2001, Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. The products of Tara Jewels include fashion, bridal and handmade bespoke jewellery.
Tara Jewels has 4 manufacturing units; 3 in India and 1 in China. Company has over 1800 employees. Company produced 4753.25 kgs of jewellery in fiscal year 2011.
Company's business is mainly divided into 3 operations; manufacturing, exporting and retailing jewellery. Company's product includes gold, platinum, honeydium, and silver jewellery with or without studded precious and semi-precious stones.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-May-12 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 1,516.56 | 12,814.73 | 10,943.28 | 7,779.67 | 7,038.52 |
| Profit After Tax (PAT) | 53.76 | 523.72 | 395.78 | 245.05 | 69.14 |
The objects of the IPO are to
1. Meet the expenses of establishing retail stores; and
2. Repay or pre-pay loans.
| IPO Date | Nov 21, 2012 to Nov 23, 2012 |
| Listing Date | Thursday, December 6, 2012 |
| Face Value | ₹10 per share |
| Price | ₹225 to ₹230 per share |
| Lot Size | 50 Shares |
| Issue Size | 7,977,778 shares of ₹10 (aggregating up to ₹183.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | Mr. Rajeev Sheth is the promoter of Tara Jewels Limited. He is the chairman and managing Director of the company. Mr. Sheth has approximately 31 years of experience in the jewellery business. |
The Tara Jewels IPO lot size is 50 shares. A retail-individual investor can apply for up to 17 lots (850 shares or ₹195,500).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹11,500 |
| Retail (Max) | 17 | 850 | ₹195,500 |
CARE has assigned an IPO Grade 3 to Tara Jewels Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Tara Jewels IPO Report
The pricing looks reasonable and considering the fancy of jewellery stocks modest investment is recommended for listing gains. Read detail review...
The Tara Jewels IPO is subscribed 1.98 times on Nov 23, 2012 7:00:00 PM. The public issue subscribed 2.05 times in the retail category, 1.49 times in the QIB category, and 3.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.49 |
| NII | 3.10 |
| Retail | 2.05 |
| Employee | 0.14 |
| Total | 1.98 |
| Listing Date | Thursday, December 6, 2012 |
| BSE Script Code | 534756 |
| NSE Symbol | TARAJEWELS |
| Listing In | T Group of Securities |
| ISIN | INE799L01016 |
| IPO Price | ₹230 per share |
| Face Value | ₹10 per share |
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Tara Jewels Limited
Plot No. 122, 15th Road,
Near IDBI Bank, MIDC,
Andheri (East) Mumbai – 400 093, India
Phone: 022 6641 7777
Email: investor.care@tarajewels.co.in
Website: http://www.tarajewels.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tjl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Tara Jewels IPO is a main-board IPO of 7,977,778 equity shares of the face value of ₹10 aggregating up to ₹183.49 Crores. The issue is priced at ₹225 to ₹230 per share. The minimum order quantity is 50 Shares.
The IPO opens on Nov 21, 2012, and closes on Nov 23, 2012.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Tara Jewels IPO opens on Nov 21, 2012 and closes on Nov 23, 2012.
Tara Jewels IPO lot size is 50 Shares and the minimum order quantity is .
You can apply in Tara Jewels 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 Tara Jewels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tara Jewels IPO allotment status.
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