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Tara Jewels IPO is a book built issue of Rs 183.49 crores.
Tara Jewels IPO bidding started from November 21, 2012 and ended on November 23, 2012. The shares got listed on BSE, NSE on December 6, 2012.
Tara Jewels IPO price band is set at ₹225 to ₹230 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹11,500.
Axis Capital Limited and ICICI Securities Limited are the book running lead managers of the Tara Jewels IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Tara Jewels IPO RHP for detailed information.
| IPO Date | November 21, 2012 to November 23, 2012 |
| Listing Date | December 6, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹225 to ₹230 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 7,977,778 shares (aggregating up to ₹183.49 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 19,800,000 |
| Share holding post issue | 24,560,869 |
Tara Jewels IPO offers 6,818,832 shares. 2,790,055 (40.92%) to QIB, 1,184,700 (17.37%) to NII, 2,764,300 (40.54%) to RII, 79,777 (1.17%) to employees. 55,286 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 900 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,790,055 (40.92%) | NA |
| NII (HNI) Shares Offered | 1,184,700 (17.37%) | |
| Retail Shares Offered | 2,764,300 (40.54%) | 55,286 |
| Employee Shares Offered | 79,777 (1.17%) | NA |
| Total Shares Offered | 6,818,832 (100%) |
Investors can bid for a minimum of 50 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 | 50 | ₹11,500 |
| Retail (Max) | 17 | 850 | ₹195,500 |
| Lot Size Calculator | |||
Mr. Rajeev Sheth is the promoter of Tara Jewels Limited. He is the chairman and managing Director of the company. Mr. Sheth has approximately 31 years of experience in the jewellery business.
| Share Holding Pre Issue | 74.55% |
| Share Holding Post Issue | 60.1% |
Incorporated in 2001, Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. The products of Tara Jewels include fashion, bridal and handmade bespoke jewellery.
Tara Jewels has 4 manufacturing units; 3 in India and 1 in China. Company has over 1800 employees. Company produced 4753.25 kgs of jewellery in fiscal year 2011.
Company's business is mainly divided into 3 operations; manufacturing, exporting and retailing jewellery. Company's product includes gold, platinum, honeydium, and silver jewellery with or without studded precious and semi-precious stones.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-May-12 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 1,516.56 | 12,814.73 | 10,943.28 | 7,779.67 | 7,038.52 |
| Profit After Tax (PAT) | 53.76 | 523.72 | 395.78 | 245.05 | 69.14 |
| KPI | Values |
|---|---|
| RoNW | 19.25% |
The objects of the IPO are to
1. Meet the expenses of establishing retail stores; and
2. Repay or pre-pay loans.
[Dilip Davda] The pricing looks reasonable and considering the fancy of jewellery stocks modest investment is recommended for listing gains. Read detail review...
The Tara Jewels IPO is subscribed 1.98 times on November 23, 2012 7:00:00 PM. The public issue subscribed 2.05 times in the retail category, 1.49 times in the QIB category, and 3.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.49 |
| NII | 3.10 |
| Retail | 2.05 |
| Employee | 0.14 |
| Total | 1.98 |
CARE has assigned an IPO Grade 3 to Tara Jewels Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Tara Jewels IPO Report
| Listing Date | December 6, 2012 |
| BSE Script Code | 534756 |
| NSE Symbol | TARAJEWELS |
| ISIN | INE799L01016 |
| Final Issue Price | ₹230 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹230.00 |
| ₹242.00 |
| ₹229.95 |
| ₹244.90 |
| ₹229.95 |
| NSE |
|---|
| ₹230.00 |
| ₹242.00 |
| ₹229.90 |
| ₹242.00 |
| ₹229.90 |
Tara Jewels Limited
Plot No. 122, 15th Road,
Near IDBI Bank, MIDC,
Andheri (East) Mumbai – 400 093, India
Phone: 022 6641 7777
Email: investor.care@tarajewels.co.in
Website: http://www.tarajewels.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tjl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Tara Jewels IPO is a main-board IPO of 7,977,778 equity shares of the face value of ₹10 aggregating up to ₹183.49 Crores. The issue is priced at ₹225 to ₹230 per share. The minimum order quantity is 50 Shares.
The IPO opens on November 21, 2012, and closes on November 23, 2012.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Tara Jewels IPO opens on November 21, 2012 and closes on November 23, 2012.
Tara Jewels IPO lot size is 50 Shares, and the minimum amount required is ₹11,500.
You can apply in Tara 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 Tara Jewels IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tara Jewels IPO allotment status.
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