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Thangamayil Jewellery Limited IPO (Thangamayil IPO) Detail

Jan 27, 2010 - Jan 29, 2010

Incorporated in 1984, Thangamayil Jewellery Limited (TJL) is one of the leading jewellery retailers in Madurai. The Company trades in Gold Jewellery, Diamond and Platinum jewels. Variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Kasu Malai, Finger Rings, Bracelets and other items fitting to the taste of the customers are being sold by the Company. The ornaments are also made to order as per specific requirements by the customer and the same are manufactured at the company’s unit near Madurai. Further gold Jewels are bought readymade from various dealers in the states of Andhra Pradesh, Gujarat, Kerala and West Bengal, according to the designs, models and current fashions and demand in the market for sale at the counters.

Thangamayil introduced the Hallmarking practice for the first time in Madurai and also conducted an awareness campaign introducing this concept to the customers in the market serviced by the Company. The gold jewels are tested for its purity and hallmarked at 916* for a guaranteed quality and purity of its contents by the Company. The Company presently has a customer base of more than 1,00,000 customers. The Company has its showroom at Netaji Road, Madurai. This showroom was set up in the year 2001. The showroom is housed in a three storied set up in total area of 11,416 sq. ft.

TJL has a policy of price assurance with respect to returns of the product subject only to changes in underlying metal prices. Again, the Company has very transparent practices when it comes to exchange of jewellery. The Company has acquired sophisticated machinery to measure the quality and carat value of the gold brought in. The measurements are scientific and tamper proof, thereby giving the customer an assurance on the exchange value that they receive in return for their jewellery.

Company Promoters:

The company has been promoted by:

1. Mr. Balarama Govinda Das, is the founder member and the Managing Director of the Company. He is a Commerce Graduate from the Madurai Kamaraj University.
2. Mr. Ba. Ramesh, is also a founder member and a Joint Managing Director of the Company.
3. Mr. N.B. Kumar, manages the day-to-day affairs of the Company. He is incharge of the entire human resources in the company.

Company Financials:

ParticularsFor the year/period ended (Rs. in Lacs)
31-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income24,685.5622,460.1112,722.374,924.702,693.89
Profit After Tax (PAT)749.27 561.14309.90146.0734.45

Objects of the Issue:

The objects of the Issue are:
1. To expand existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Tirunelveli, Kovilpatti and Sivakasi and to renovate the existing outlet at Madurai;
2. To meet the working capital requirement;
3. To meet the expenses of the Issue; and
4. To list the equity shares of the Company on the Stock Exchanges.

Thangamayil IPO Details

IPO Opening Date Jan 27, 2010
IPO Closing Date Jan 29, 2010
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹70 to ₹75 per equity share
Market Lot 80 Shares
Min Order Quantity 80 Shares
Listing At BSE, NSE
Issue Size3,833,667 Eq Shares of ₹10
(aggregating up to ₹28.76 Cr)

Thangamayil IPO Lot Size

The Thangamayil IPO market lot size is 80 shares. A retail-individual investor can apply for up to 33 lots (2640 shares or ₹198,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 80 ₹6,000
Maximum 33 2640 ₹198,000

Thangamayil Jewellery Limited (TJL) IPO Grading / Rating

Brickwork Ratings has assigned BWR IPO Grade 3 for the proposed IPO of Thangamayil Jewellery Limited (TJL). Brickwork Ratings’ BWR IPO Grade 3 indicates average fundamentals for the issue in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to its peers. Click here to download the Brickwork IPO Grading Document for Thangamayil Jewellery IPO.

Thangamayil IPO Subscription Status (Bidding Detail)

The Thangamayil IPO is subscribed 1.12 times on Jan 29, 2010 17:00. The public issue subscribed 2.26 in the retail category, 0.52 in the QIB category, and 1.52 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

0.52

NII

1.52

RII

2.26

Employee

0.67

Total

1.12

Thangamayil IPO Prospectus

Thangamayil IPO Rating

59
3.4
Rating:Rated 3.4 stars
Vote Here ...

Thangamayil IPO Listing Date

Listing Date Friday, February 19, 2010
BSE Script Code 533158
NSE Symbol THANGAMAYL
Listing In B Group of Securities
ISIN INE085J01014
IPO Price ₹75 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹75.00
₹70.00
₹70.00
₹79.00
₹71.10
NSE
₹75.00
₹75.70
₹70.00
₹82.00
₹71.05

Company Contact Information

Thangamayil Jewellery Limited
Thangamayil Jewellery Limited
124, Nethaji Road,
Madurai 625 001
Phone: +91-0452-2345553
Email: thangamayil@gmail.com
Website: http://www.thangamayil.com

Thangamayil IPO Registrar

S.K.D.C Consultants Limited

Phone: 91-422-6549995, 2539835-36
Email: info@skdc-consultants.com
Website: http://www.skdc-consultants.com

Thangamayil IPO Reviews / Ratings

  • Business Line - Avoid
  • Hem Securities - Apply
  • S P Tulsian - Apply
  • Swastika Investmart Ltd - Apply

Thangamayil IPO FAQs

Thangamayil IPO is a main-board IPO of 3,833,667 equity shares of the face value of ₹10 aggregating up to ₹28.76 Crores. The issue is priced at ₹70 to ₹75 per equity share. The minimum order quantity is 80 Shares.

The IPO opens on Jan 27, 2010, and closes on Jan 29, 2010.

S.K.D.C Consultants Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Thangamayil IPO opens on Jan 27, 2010 and closes on Jan 29, 2010.

Thangamayil IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.

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

The Thangamayil IPO listing date is on Friday, February 19, 2010.

Thangamayil IPO Message Board

Ranked Members  Ranked Members

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181. Tamilnadu |Mar 30, 2010 14:59
Dear Mittal. Stock trade around Rs.78.50/- but you bought Rs.82.40/- Dont sell now. stock can go up movement in another 2 or 3 days. becoz account year close. target is Rs.88/- very soon 2 or 3 days. hold and sell at rs 87.80/-
180. Gandhi |Mar 26, 2010 19:39
company turnover upto feb is 410 crore, net profit margin is 3.2%, so total net profit is Rs.13.20/-crore (approx) so EPS is 13,20,00,000/1,37,00,000 (Netprofit/No. of share)So EPS is show as Rs.9.63/- PE ratio is 7.78, My openion there is good company with limited share. and average treated price is last 7 days is Rs.76/- This is buying level this stock.
179. Tamilnadu |Mar 18, 2010 15:15
Dear Mittal.

Please hold 5 days. you got dividend at Rs.3/- per share. and this stock is trading at year high. target around Rs.88/- in 5 days.
178. mittal |Mar 18, 2010 13:02
i have done a foolish thing today. i bought 1000 shares at 82.30 and now stock trading at 79.80. lagta hai promoters ne price artificially badaya tha.

please advise should i hold or sell as i am on loss of about 2500 rs
177. TAMIL NADU |Mar 17, 2010 12:53
No Mr.Rama. this is good company from tamil nadu. the promotors are helping hand in madurai. and very well establishment in madurai. there are fundamentally good company. and they are open another show room in Sivakasi. and next project is TUTICORIN which is start in another 2 months. they are expect per day sales is Rs.2 crores from ornaments business. so they giving dividend. you dont mistake.
176. Rama |Mar 17, 2010 12:18

NEEDS CAUTION.............

WE SHOULD BE CAREFUL WITH THANGAMAYIL. DIVIDEND DECLARATION IMMEDIATELY AFTER FAILED IPO SMELLS BAD. MAY BE PROMOTERS WANT TO MANIPULATE HIS SHARE PRICE. DONT JUMP AND BUY THANGA FOR DIVIDEND.

SOMETHING IS FISHY HERE..
175. mittal |Mar 16, 2010 15:37
Where is that fool TC hiding who predicted it at 30.
174. TAMIL NADU |Mar 16, 2010 13:40
No Mr.Rama. this is good company from tamil nadu. the promotors are helping hand in madurai. and very well establishment in madurai. there are fundamentally good company. and they are open another show room in Sivakasi. and next project is TUTICORIN which is start in another 2 months. they are expect per day sales is Rs.2 crores from ornaments business. so they giving dividend. you dont mistake.
173. Rama |Mar 16, 2010 13:19

WE SHOULD BE CAREFUL WITH THANGA. DIVIDEND DECLARATION IMMEDIATELY AFTER FAILED IPO SMELLS BAD. MAY BE PROMOTERS WANT TO MANIPULATE HIS SHARE PRICE. DONT JUMP AND BUY THANGA FOR DIVIDEND.

SOMETHING IS FISHY HERE..
172. mahanathi |Mar 16, 2010 11:24
sivakasi inauguration


http://thangamayil.com/eventgallery/events.htm
171. Akshat Shah |Mar 15, 2010 22:52
Great news for thanga investors.
170. KASIM |Mar 15, 2010 12:33
Thangamayil Jewellery Limited has informed the Exchange that the Board of Directors in its meeting held on March 15, 2010 declared an Interim Dividend (for the year 2009-10) of Rs. 3/- (Rupees Three only) per share ( face value of Rs. 10/- each) to be paid to all the shareholders of the Company as on record date i.e., March 22, 2010.
169. TAMILNADU |Mar 12, 2010 15:21
Coming 14the March 2010, Sunday one new show room at SIVAKASI open. the another mile stone of the company. ALL ARE WELCOME. and blessing him. Address is: Thangamayil Jewellery. 144 A. N.R.K.R Road. Sivakasi. Phone : 04562 278553 and
Madurai : 0452 2345553
168. Akshat Shah |Mar 12, 2010 15:15
Nobody.
167. tc |Mar 12, 2010 15:11
any body
166. akka |Mar 10, 2010 16:06
in thang.. whoevever has used bad language has been blocked by chittorgarh team after my complain..please dont use bad language..thanks chittor garh team
165. raja |Mar 9, 2010 12:43
yeh kya ho raha hai yahan par bhai.mr tc yeh kaise bhasha istemaal kar rahe hain aap aur akshat shah why are you frustrating tc.we are here to help each other and not to fight like cat and dog.
akshat agar tc ki prediction galat ho gayi hai to isme kaunsi badi baat hai.nobody is perfect and nobody can predict 100% correctly.
tc agar tumse galti hui hai to why are you afraid in accepting it.purani baatein chodo aur naye ipo par dhyaan do.
164. WANI |Mar 9, 2010 09:27
i sold all stocks allotted in ipo at 75.30 today. although i still paid brokerage for this stock but will apply that money in other stock.

163. Akshat Shah |Mar 8, 2010 23:35
146. Ramen

The stock was quoting above its issue price today mr ramen.It is going to go above 100 in the long run but if you are playing for short term you can easily get out of it this week with decent profit.
162. Akshat Shah |Mar 8, 2010 23:30
TC you stupid fool have you seen the price of thanga now.I think TC is new in market and is wasting our time by his useless comments.He has made a complete as*ho** of himself.