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Shree Ganesh IPO is a book built issue of Rs 371.02 crores.
Shree Ganesh IPO bidding started from March 19, 2010 and ended on March 23, 2010. The shares got listed on BSE, NSE on April 9, 2010.
Shree Ganesh IPO price band is set at ₹260 to ₹270 per share. The minimum lot size for an application is 25 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Axis Bank Limited and ICICI Securities Limited are the book running lead managers of the Shree Ganesh IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Shree Ganesh IPO RHP for detailed information.
| IPO Date | March 19, 2010 to March 23, 2010 |
| Listing Date | April 9, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹260 to ₹270 per share |
| Lot Size | 25 Shares |
| Total Issue Size | 14,269,831 shares (aggregating up to ₹371.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 48,545,988 |
| Share holding post issue | 60,682,485 |
Shree Ganesh IPO offers 11,769,856 shares. 6,061,924 (51.50%) to QIB, 1,426,983 (12.12%) to NII, 4,280,949 (36.37%) to RII. 171,237 RIIs will receive minimum 25 shares and (sNII) and (bNII) will receive minimum 750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 6,061,924 (51.50%) | NA |
| NII (HNI) Shares Offered | 1,426,983 (12.12%) | |
| Retail Shares Offered | 4,280,949 (36.37%) | 171,237 |
| Total Shares Offered | 11,769,856 (100%) |
Investors can bid for a minimum of 25 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 | 25 | ₹6,750 |
| Retail (Max) | 29 | 725 | ₹195,750 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 88.32% |
| Share Holding Post Issue | 70.66% |
Incorporated in 2002, Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company's products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. Company's portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions.
Shree Ganesh Jewellery House exported to countries such as the U.A.E, Singapore and Hong Kong. They have three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, Company have achieved a production of 12,843.63 kgs of gold jewellery. They have intend to set up an additional jewellery manufacturing unit at Manikanchan SEZ to supplement the existing facilities. Shree Ganesh Jewellery House also plan to expand their portfolio by commissioning a new vertical in machine made Italian and light weight jewellery at Mondalpara and at Domjur, West Bengal. Company has ten retail outlets and intend to open forty nine retail outlets across India including outlets under the shop-in-shop and franchisee models.
| Particulars | For the year/period ended (Rs.in Lakhs) | ||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 221,819.95 | 128,302.64 | 82,724.81 | 12,714.59 | 5,637.87 |
| Profit After Tax (PAT) | 13,245.07 | 8,717.69 | 5 ,084.05 | 1,118.99 | 52.97 |
| KPI | Values |
|---|---|
| RoNW | 33.31% |
The object of the issue are:
1. Setting up a manufacturing unit at Mondalpara, West Bengal for the manufacture of plain and studded gold jewellery with an annual installed capacity of 450 kgs of gold;
2. Setting up a new manufacturing unit at Domjur, West Bengal with an annual installed capacity of 2,000 kgs of diamond studded jewellery;
3. Expansion of manufacturing facility at Manikanchan SEZ by setting up of a facility for the manufacture of diamond studded jewellery with an annual installed capacity of 1,000 kgs of gold and 75,000 carats of diamond;
4. Setting up retail outlets for sale of jewellery manufactured by our Company and meeting marketing costs;
5. To meet the working capital requirement;
6. To meet general corporate purposes;
7. To meet the issue expenses.
The Shree Ganesh IPO is subscribed 1.96 times on March 23, 2010 5:30:00 PM. The public issue subscribed 1.39 times in the retail category, 1.38 times in the QIB category, and 6.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.38 |
| NII | 6.13 |
| Retail | 1.39 |
| Total | 1.96 |
CARE has assigned an IPO Grade 3 to Shree Ganesh Jewellery House Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Shree Ganesh Jewellery House Ltd
| Listing Date | April 9, 2010 |
| BSE Script Code | 533180 |
| NSE Symbol | SGJHL |
| ISIN | INE553K01019 |
| Final Issue Price | ₹260 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹260.00 |
| ₹258.85 |
| ₹160.65 |
| ₹258.85 |
| ₹163.25 |
| NSE |
|---|
| ₹260.00 |
| ₹250.00 |
| ₹161.75 |
| ₹250.00 |
| ₹164.55 |
Shree Ganesh Jewellery House Ltd
Shree Ganesh Jewellery House Ltd
413, Vardaan Market,
Camac Street, Kolkata - 700 016
Phone: + 91 33 2280 0345
Email: investors@sgjhl.com
Website: http://www.sgjhl.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email:
Website: https://linkintime.co.in/initial_offer/public-issues.html
Shree Ganesh IPO is a main-board IPO of 14,269,831 equity shares of the face value of ₹10 aggregating up to ₹371.02 Crores. The issue is priced at ₹260 to ₹270 per share. The minimum order quantity is 25 Shares.
The IPO opens on March 19, 2010, and closes on March 23, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Shree Ganesh IPO opens on March 19, 2010 and closes on March 23, 2010.
Shree Ganesh IPO lot size is 25 Shares, and the minimum amount required is ₹6,750.
You can apply in Shree Ganesh 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 Shree Ganesh IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shree Ganesh IPO allotment status.
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