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Renaissance IPO is a book built issue of Rs 79.86 crores.
Renaissance IPO bidding started from November 19, 2007 and ended on November 21, 2007. The shares got listed on BSE, NSE on December 12, 2007.
Renaissance IPO price band is set at ₹125 to ₹150 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Edelweiss Financial Services Ltd is the book running lead manager of the Renaissance IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Renaissance IPO RHP for detailed information.
| IPO Date | November 19, 2007 to November 21, 2007 |
| Listing Date | December 12, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹150 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 5,324,240 shares (aggregating up to ₹79.86 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 13,035,200 |
| Share holding post issue | 18,359,440 |
Investors can bid for a minimum of 45 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 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1305 | ₹195,750 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 71% |
Incorporated in 1989, Renaissance Jewellery Limited (RJL) is in the business of manufacture and sale of studded gold, platinum and silver jewellery. Renaissance product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in precious metals like gold, platinum and silver. Renaissance has three manufacturing units, two in Mumbai and one at Bhavnagar, Gujarat.
Renaissance mainly manufactures jewellery items for its international customers. Companies also market its studded jewellery products in domestic market through its retail stores operated by its subsidiary, Renaissance Retail Venture Private Limited (RRVPL). RRVPL currently has 8 retail outlets. The retail products sold by RRVPL are under the brand name "Lucera".
Renaissance's sales for Fiscal 2002 were Rs. 555.54 million which has increased to Rs. 3,344.00 million for Fiscal 2006 at a CAGR of 56.63%. Renaissance's sales for the nine months period ended December 2006 was Rs. 3,520.17 million. Company's net profit after taxes for Fiscal 2002 was Rs. 30.27 million which has increased to Rs. 155.39 million for Fiscal 2006 at a CAGR of 50.52%. Company's net profit for the nine months period ended December 2006 was Rs. 201.76 million.
| KPI | Values |
|---|---|
| RoNW | 25.5% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. To fund capacity expansion at our Bhavnagar and Mumbai units;
2. To investment in foreign subsidiary;
3. To increase company's working capital.
The Renaissance IPO is subscribed 23.63 times on November 21, 2007 5:00:00 PM. The public issue subscribed 10.51 times in the retail category, 23.13 times in the QIB category, and 55.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | December 12, 2007 |
| BSE Script Code | 532923 |
| NSE Symbol | RGL |
| ISIN | INE722H01024 |
| Final Issue Price | ₹150 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹150.00 |
| ₹190.00 |
| ₹163.00 |
| ₹200.00 |
| ₹164.80 |
| NSE |
|---|
| ₹150.00 |
| ₹190.00 |
| ₹163.05 |
| ₹190.00 |
| ₹164.90 |
Renaissance Jewellery Limited
Plot No 36A & 37, SEEPZ- SEZ,
MIDC Marol, Andheri (East),
Mumbai 400096, India
Phone: +91 22 66938444
Email: ipo@renjewellery.com
Website: http://www.renjewellery.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rjlipo@intimespectrum.com
Website: https://linkintime.co.in/initial_offer/public-issues.html
Renaissance IPO is a main-board IPO of 5,324,240 equity shares of the face value of ₹10 aggregating up to ₹79.86 Crores. The issue is priced at ₹125 to ₹150 per share. The minimum order quantity is 45 Shares.
The IPO opens on November 19, 2007, and closes on November 21, 2007.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Renaissance IPO opens on November 19, 2007 and closes on November 21, 2007.
Renaissance IPO lot size is 45 Shares, and the minimum amount required is ₹6,750.
You can apply in Renaissance 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 Renaissance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Renaissance IPO allotment status.
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RHP
In line with Mankasia....down 11% ( loss 18 rs )
Brigade............down 12% ( loss 50 rs )
Renaissance .......down 9% ( loss 15 rs )
Empee Dist..........down 22% ( loss 91 Rs )
Rathi bars ........down 9% ..( loss 3 rs )
Even at 20827 Index ......out of last 15 IPO's .6 ipo's are in
RED.......BE CAUTIOUS WITH CHEATERs
2007 almost 40% IPO's are in RED.....
Making their pockets full & never worried about innocent investors...135 issues going to come & 40% will be like this so be careful
MORE CHEATERS ARE EXPECTED IN 2008 so BE CAREFUL FRIENDS< ITS HARD EARNED MONEY
Even be careful with some dear friends who posts msg here on as company agents & misguide new comers....( They always advise long term Very good buy...........lol )