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Eighty Jewellers IPO is a fixed price issue of Rs 11.07 crores. The issue is entirely a fresh issue of 27 lakh shares.
Eighty Jewellers IPO bidding started from March 31, 2022 and ended on April 5, 2022. The allotment for Eighty Jewellers IPO was finalized on Friday, April 8, 2022. The shares got listed on BSE SME on April 13, 2022.
Eighty Jewellers IPO price is ₹41 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹123,000.
Hem Securities Limited is the book running lead manager of the Eighty Jewellers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Eighty Jewellers IPO RHP for detailed information.
| IPO Date | March 31, 2022 to April 5, 2022 |
| Listing Date | April 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹41 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,700,000 shares (aggregating up to ₹11.07 Cr) |
| Fresh Issue | 2,700,000 shares (aggregating up to ₹11.07 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,499,241 |
| Share holding post issue | 10,199,241 |
| Market Maker portion | 138,000 shares |
Eighty Jewellers IPO offers 2,700,000 shares. 1,281,000 (47.44%) to NII, 1,281,000 (47.44%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 138,000 (5.11%) |
| Other Shares Offered | 1,281,000 (47.44%) |
| Retail Shares Offered | 1,281,000 (47.44%) |
| Total Shares Offered | 2,700,000 (100%) |
Eighty Jewellers IPO opens on March 31, 2022, and closes on April 5, 2022.
| IPO Open Date | Thursday, March 31, 2022 |
| IPO Close Date | Tuesday, April 5, 2022 |
| Basis of Allotment | Friday, April 8, 2022 |
| Initiation of Refunds | Monday, April 11, 2022 |
| Credit of Shares to Demat | Tuesday, April 12, 2022 |
| Listing Date | Wednesday, April 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 5, 2022 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹123,000 |
| Retail (Max) | 1 | 3000 | ₹123,000 |
| Lot Size Calculator | |||
Mr. Tilok Chand Bardia, Mr. Nikesh Bardia, and Mr. Nitin Kumar Bardia are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2010, Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.
The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 3,398.90 | 3,197.30 | 3,174.94 | 2,745.60 | |
| Total Revenue | 4,436.05 | 7,868.89 | 6,490.63 | 8,192.05 | |
| Profit After Tax | 83.06 | 376.94 | 155.25 | 100.19 | |
The market capitalization of Eighty Jewellers IPO is Rs 41.82 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25.15 |
Requirement of Funds and Utilization of Net Proceeds:
[Dilip Davda] The company is in a highly competitive and fragmented segment. Its financial performance has shown inconsistency in the top and bottom lines. The issue is aggressively priced. There is no harm in skipping this issue. Read detail review...
The Eighty Jewellers IPO is subscribed 2.45 times on April 5, 2022 7:17:00 PM. The public issue subscribed 2.03 times in the retail category, times in the QIB category, and 2.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.88 |
| Retail | 2.03 |
| Total | 2.45 |
| Listing Date | April 13, 2022 |
| BSE Script Code | 543518 |
| NSE Symbol | |
| ISIN | INE0KSN01014 |
| Final Issue Price | ₹41 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹41.00 |
| ₹42.00 |
| ₹42.00 |
| ₹44.10 |
| ₹44.10 |
Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
Raipur,
Chhattisgarh, 492001
Phone: +91-0771-2234737
Email: info@eightyjewels.in
Website: https://eightyjewels.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Eighty Jewellers IPO is a SME IPO of 2,700,000 equity shares of the face value of ₹10 aggregating up to ₹11.07 Crores. The issue is priced at ₹41 per share. The minimum order quantity is 3000 Shares.
The IPO opens on March 31, 2022, and closes on April 5, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Eighty Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Eighty Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Eighty Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Eighty Jewellers IPO opens on March 31, 2022 and closes on April 5, 2022.
Eighty Jewellers IPO lot size is 3000 Shares, and the minimum amount required is ₹123,000.
You can apply in Eighty Jewellers 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 Eighty Jewellers IPO will be done on Friday, April 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, April 12, 2022. Check the Eighty Jewellers IPO allotment status.
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