FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
Palm Jewels IPO is a fixed price issue of Rs 8.90 crores.
Palm Jewels IPO bidding started from May 25, 2018 and ended on June 4, 2018. The allotment for Palm Jewels IPO was finalized on Wednesday, June 6, 2018. The shares got listed on BSE SME on June 12, 2018.
Palm Jewels IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
First Overseas Capital Limited is the book running lead manager of the Palm Jewels IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Palm Jewels IPO RHP for detailed information.
IPO Date | May 25, 2018 to June 4, 2018 |
Listing Date | June 12, 2018 |
Face Value | ₹10 per share |
Price | ₹30 per share |
Lot Size | 4000 Shares |
Total Issue Size | 2,968,000 shares (aggregating up to ₹8.90 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 4,415,058 |
Share holding post issue | 7,383,058 |
Market Maker portion | 152,000 shares |
Palm Jewels IPO offers 2,968,000 shares. 1,408,000 (47.44%) to NII, 1,408,000 (47.44%) to RII.
Investor Category | Shares Offered |
---|---|
Anchor Investor Shares Offered | - |
Market Maker Shares Offered | 152,000 (5.12%) |
Other Shares Offered | 1,408,000 (47.44%) |
Retail Shares Offered | 1,408,000 (47.44%) | Other Shares Offered | 152,000 (5.12%) |
Total Shares Offered | 2,968,000 (100%) |
Palm Jewels IPO opens on May 25, 2018, and closes on June 4, 2018.
IPO Open Date | Friday, May 25, 2018 |
IPO Close Date | Monday, June 4, 2018 |
Basis of Allotment | Wednesday, June 6, 2018 |
Initiation of Refunds | Thursday, June 7, 2018 |
Credit of Shares to Demat | Thursday, June 7, 2018 |
Listing Date | Tuesday, June 12, 2018 |
Cut-off time for UPI mandate confirmation | 5 PM on June 4, 2018 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹120,000 |
Retail (Max) | 1 | 4000 | ₹120,000 |
Lot Size Calculator |
Incorporated in 2005, Gujarat based Palm Jewels Limited is a company engaged in the wholesale business of gold jewelry. The company sells gold based chains, bracelets, and necklaces. It outsources the manufacturing of the jewelry through job workers based in Ahmedabad and Mumbai. The major raw material used for making the products is gold & silver. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai.
The finished jewelry is sold by the company's marketing and sales team directly to other jewelry stores. The jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy. Some of the major customers include M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers, etc.
Palm Jewels currently has 11 employees on its payroll.
Particulars | For the year/period ended (in Rs. Lakhs) | |||||
---|---|---|---|---|---|---|
31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
Total Assets | 163.08 | 36.62 | 35.93 | 34.87 | 33.54 | |
Total Revenue | 552.38 | 157.48 | 97.91 | 41.63 | 118.89 | |
Profit After Tax | 1.54 | 0.53 | (0.35) | 0.19 | 0.14 |
The Objects of the Issue are-
1. To meet the working capital requirement; and
2. To meet the expenses of the Issue
[Dilip Davda]
Considering status of prevailing sentiments for jewellery sector and exorbitant pricing of the issue, investors may give it a miss.
Read detail review...The Palm Jewels IPO is subscribed 1.16 times on June 4, 2018 5:00:00 PM. The public issue subscribed 1.50 times in the retail category, times in the QIB category, and 0.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
Other | 0.82 |
Retail | 1.50 |
Total | 1.16 |
Listing Date | June 12, 2018 |
BSE Script Code | 541444 |
NSE Symbol | |
ISIN | INE838Z01012 |
Final Issue Price | ₹30 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹30.00 |
₹37.50 |
₹35.65 |
₹37.50 |
₹35.85 |
Palm Jewels Limited
G.F-37, Super Mall
Nr. Diamond, C. O. Hou. Soc. Ltd, Nr. Lal Bunglow
C. G. Road, Ahmedabad - 380001, Gujarat, India
Phone: +91 79 40052056
Email: compliance.pjl@gmail.com
Website: http://www.palmjewels.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide
Palm Jewels IPO is a SME IPO of 2,968,000 equity shares of the face value of ₹10 aggregating up to ₹8.90 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on May 25, 2018, and closes on June 4, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Palm Jewels IPO opens on May 25, 2018 and closes on June 4, 2018.
Palm Jewels IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Palm 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Palm Jewels IPO will be done on Wednesday, June 6, 2018, and the allotted shares will be credited to your demat account by Thursday, June 7, 2018. Check the Palm Jewels IPO allotment status.
Useful Articles
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|