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Radhika Jeweltech IPO is a fixed price issue of Rs 49.50 crores.
Radhika Jeweltech IPO bidding started from September 14, 2016 and ended on September 20, 2016. The shares got listed on BSE SME on September 27, 2016.
Radhika Jeweltech IPO price is ₹75 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Corporate Strategic Allianz Ltd is the book running lead manager of the Radhika Jeweltech IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to Radhika Jeweltech IPO RHP for detailed information.
| IPO Date | September 14, 2016 to September 20, 2016 |
| Listing Date | September 27, 2016 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,600,000 shares (aggregating up to ₹49.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,600,000 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2014, Radhika Jeweltech Ltd is a jewellery retailer engaged in the business of manufacture, resale, export and import of Gold, Silver, precious and semi precious metal ornaments and studded ornaments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Based in Rajkot, company primarily sell gold jewellery and diamond studded Jewellery.
The design and manufacture of their products is done either in house or by third parties on job work basis. Visit chittorgarh.com for more detail.Company make their product in different price points to cater all customers across high-end, mid-market and value market segments. Apart from their own Jewellery they are also dealing in trading of branded jewellery. The Company deals only in jewelry certified by BIS Hallmark.
The objects of the Issue are:
1. Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.
[Dilip Davda] No harm in giving this IPO a miss. The asking price is at a 100 P/E that makes it a highly priced issue. Other listed peers are trading around 7 to 36 P/E. Read detail review...
| Listing Date | September 27, 2016 |
| BSE Script Code | 540125 |
| NSE Symbol | RADHIKAJWE |
| ISIN | INE583V01013 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹75.00 |
| ₹73.95 |
| ₹66.00 |
| ₹73.95 |
| ₹71.00 |
Radhika Jeweltech Ltd
3-4-5, 'Raj Shrungi' Complex,
Palace Road,
Rajkot
Phone: +0281-2233100
Email: radhikajeweltech@gmail.com
Website: http://www.radhikajeweltech.com
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
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Radhika Jeweltech IPO is a SME IPO of 6,600,000 equity shares of the face value of ₹10 aggregating up to ₹49.50 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 14, 2016, and closes on September 20, 2016.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Radhika Jeweltech IPO opens on September 14, 2016 and closes on September 20, 2016.
Radhika Jeweltech IPO lot size is 1600 Shares, and the minimum amount required is ₹120,000.
You can apply in Radhika Jeweltech 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 Radhika Jeweltech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Radhika Jeweltech IPO allotment status.
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