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.
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.
|Particulars||For the year/period ended (Rs. in Lacs)|
|Profit After Tax (PAT)||749.27||561.14||309.90||146.07||34.45|
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.
|Issue Open||Jan 27, 2010 - Jan 29, 2010|
|Issue Type||Book Built Issue IPO|
|Issue Size||3,833,667 Eq Shares of Rs 10 |
(aggregating up to Rs 28.76 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 70 - Rs 75 Per Equity Share|
|Market Lot||80 Shares|
|Min Order Quantity||80 Shares|
|Listing At||BSE, NSE|
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.
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No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Jan 29, 2010 17:00
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