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C Mahendra IPO is a book built issue of Rs 165.00 crores.
C Mahendra IPO bidding started from December 31, 2010 and ended on January 6, 2011. The shares got listed on BSE, NSE on January 20, 2011.
C Mahendra IPO price band is set at ₹95 to ₹110 per share. The minimum lot size for an application is 60 Shares. The minimum amount of investment required by retail investors is ₹6,600.
Anand Rathi Securities Limited and Yes Bank Limited are the book running lead managers of the C Mahendra IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to C Mahendra IPO RHP for detailed information.
IPO Date | December 31, 2010 to January 6, 2011 |
Listing Date | January 20, 2011 |
Face Value | ₹10 per share |
Price Band | ₹95 to ₹110 per share |
Lot Size | 60 Shares |
Total Issue Size | 15,000,000 shares (aggregating up to ₹165.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 45,000,000 |
Share holding post issue | 60,000,000 |
C Mahendra IPO offers 15,000,000 shares. 7,500,000 (50.00%) to QIB, 2,250,000 (15.00%) to NII, 5,250,000 (35.00%) to RII. 87,500 RIIs will receive minimum 60 shares and (sNII) and (bNII) will receive minimum 1,860 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 7,500,000 (50.00%) | NA |
NII (HNI) Shares Offered | 2,250,000 (15.00%) | |
Retail Shares Offered | 5,250,000 (35.00%) | 87,500 |
Total Shares Offered | 15,000,000 (100%) |
Investors can bid for a minimum of 60 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 | 60 | ₹6,600 |
Retail (Max) | 30 | 1800 | ₹198,000 |
Lot Size Calculator |
The Promoters of the Company are:
1. Mr. Mahendra C. Shah,
2. Mr. Champaklal K. Mehta,
3. Mr. Pravin C. Shah,
4. Mr. Pravin K. Mehta and
5. Mr. Sandeep M. Shah
Share Holding Pre Issue | 99.96% |
Share Holding Post Issue | 75% |
Incorporated in 1978, C Mahendra Exports Ltd is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery. It is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery.
Company's introduced their flagship brand "Ciemme" in 2003, as a life style brand. Under this flagship brand, they sell jewellery products like rings, earrings, necklace sets, bracelets, based on various concepts. In overseas market, they sell jewellery only under "Ciemme" brand name. In USA they sell diamond jewellery to retail outlets through Ciemme (NY) LLC. In Middle East they directly sell it to the customers.
Currently, Company has two facilities for cutting and polishing of diamonds at Varachha and Udhana in Surat. Further, Ciemme Jewels Limited owns a jewellery manufacturing facility in MIDC, Andheri, Mumbai. C Mahendra Exports marketing offices spread across Surat, Mumbai, Delhi, Kolkata, Hong Kong, New York, Los Angeles and Antwerp to market cut & polished diamonds to domestic and international markets. They have 8 (eight) exclusive retail stores and 1 (one) franchisee store in India. They obtain grading from reputed diamond certifying institutions like GIA (Gemological Institute of America), IGI (International Gemological Institute) and HRD (Hoge Raad voor Diamant).
Particulars | For the year/period ended (in Rs. millions) | ||||
30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
Total Income | 6,805.55 | 14,311.13 | 14,155.90 | 3,146.88 | 9,495.36 |
Profit After Tax (PAT) | 75.42 | 210.94 | 402.62 | 163.41 | 245.11 |
KPI | Values |
---|---|
RoNW | 1.54% |
The Objects of the Issue are to:
1. Finance setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat;
2. Finance setting up a jewellery manufacturing unit at Mumbai;
3. Finance setting up retail outlets;
4. Finance brand development expenses;
5. Investment in capital of C. Mahendra BVBA;
6. General corporate purposes; and
7. Achieve the benefits of listing on the Stock Exchanges.
The C Mahendra IPO is subscribed 2.78 times on January 6, 2011 5:00:00 PM. The public issue subscribed 4.82 times in the retail category, 1.02 times in the QIB category, and 3.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 1.02 |
NII | 3.92 |
Retail | 4.82 |
Total | 2.78 |
ICRA Limited has assigned an IPO Grade 2 to C Mahendra Exports Ltd IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the ICRA IPO Grading Document for C Mahendra Exports Ltd.
C Mahendra Exports Ltd IPO, C Mahendra Exports IPO, C Mahendra Exports IPO Bidding, C Mahendra IPO Allotment Status, C Mahendra IPO drhp and C Mahendra Exports IPO listing.
Listing Date | January 20, 2011 |
BSE Script Code | 533304 |
NSE Symbol | CMAHENDRA |
ISIN | INE378J01013 |
Final Issue Price | ₹110 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹110.00 |
₹111.00 |
₹110.00 |
₹120.90 |
₹110.85 |
NSE |
---|
₹110.00 |
₹114.00 |
₹110.00 |
₹121.00 |
₹110.75 |
C Mahendra Exports Ltd
1204 Panchratna,
12th Floor, Opera House,
Mumbai 400 004
Phone: +91 22 2363 1487
Email: investorgrievance@cmahendra.com
Website: http://www.cmahendra.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cmel.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
C Mahendra IPO is a main-board IPO of 15,000,000 equity shares of the face value of ₹10 aggregating up to ₹165.00 Crores. The issue is priced at ₹95 to ₹110 per share. The minimum order quantity is 60 Shares.
The IPO opens on December 31, 2010, and closes on January 6, 2011.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The C Mahendra IPO opens on December 31, 2010 and closes on January 6, 2011.
C Mahendra IPO lot size is 60 Shares, and the minimum amount required is ₹6,600.
You can apply in C Mahendra 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 C Mahendra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the C Mahendra IPO allotment status.
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