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Thangamayil IPO is a book built issue of Rs 28.76 crores.
Thangamayil IPO bidding started from January 27, 2010 and ended on January 29, 2010. The shares got listed on BSE, NSE on February 19, 2010.
Thangamayil IPO price band is set at ₹70 to ₹75 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Keynote Financial Services Ltd is the book running lead manager of the Thangamayil IPO, while S.K.D.C Consultants Limited is the registrar for the issue.
Refer to Thangamayil IPO DRHP for detailed information.
| IPO Date | January 27, 2010 to January 29, 2010 |
| Listing Date | February 19, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹75 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 3,833,667 shares (aggregating up to ₹28.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 9,052,915 |
| Share holding post issue | 12,886,582 |
Thangamayil IPO offers 4,107,500 shares. 1,989,465 (48.43%) to QIB, 1,392,625 (33.90%) to NII, 596,839 (14.53%) to RII, 128,571 (3.13%) to employees. 7,460 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 2,720 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,989,465 (48.43%) | NA |
| NII (HNI) Shares Offered | 1,392,625 (33.90%) | |
| Retail Shares Offered | 596,839 (14.53%) | 7,460 |
| Employee Shares Offered | 128,571 (3.13%) | NA |
| Total Shares Offered | 4,107,500 (100%) |
Investors can bid for a minimum of 80 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 | 80 | ₹6,000 |
| Retail (Max) | 33 | 2640 | ₹198,000 |
| Lot Size Calculator | |||
The company has been promoted by:
1. Mr. Balarama Govinda Das, is the founder member and the Managing Director of the Company. He is a Commerce Graduate from the Madurai Kamaraj University.
2. Mr. Ba. Ramesh, is also a founder member and a Joint Managing Director of the Company.
3. Mr. N.B. Kumar, manages the day-to-day affairs of the Company. He is incharge of the entire human resources in the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 1984, Thangamayil Jewellery Limited (TJL) is one of the leading jewellery retailers in Madurai. The Company trades in Gold Jewellery, Diamond and Platinum jewels. Variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Kasu Malai, Finger Rings, Bracelets and other items fitting to the taste of the customers are being sold by the Company. The ornaments are also made to order as per specific requirements by the customer and the same are manufactured at the company’s unit near Madurai. Further gold Jewels are bought readymade from various dealers in the states of Andhra Pradesh, Gujarat, Kerala and West Bengal, according to the designs, models and current fashions and demand in the market for sale at the counters.
Thangamayil introduced the Hallmarking practice for the first time in Madurai and also conducted an awareness campaign introducing this concept to the customers in the market serviced by the Company. The gold jewels are tested for its purity and hallmarked at 916* for a guaranteed quality and purity of its contents by the Company. The Company presently has a customer base of more than 1,00,000 customers. The Company has its showroom at Netaji Road, Madurai. This showroom was set up in the year 2001. The showroom is housed in a three storied set up in total area of 11,416 sq. ft.
TJL has a policy of price assurance with respect to returns of the product subject only to changes in underlying metal prices. Again, the Company has very transparent practices when it comes to exchange of jewellery. The Company has acquired sophisticated machinery to measure the quality and carat value of the gold brought in. The measurements are scientific and tamper proof, thereby giving the customer an assurance on the exchange value that they receive in return for their jewellery.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 24,685.56 | 22,460.11 | 12,722.37 | 4,924.70 | 2,693.89 |
| Profit After Tax (PAT) | 749.27 | 561.14 | 309.90 | 146.07 | 34.45 |
| KPI | Values |
|---|---|
| RoNW | 25.82% |
The objects of the Issue are:
1. To expand existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Tirunelveli, Kovilpatti and Sivakasi and to renovate the existing outlet at Madurai;
2. To meet the working capital requirement;
3. To meet the expenses of the Issue; and
4. To list the equity shares of the Company on the Stock Exchanges.
The Thangamayil IPO is subscribed 1.12 times on January 29, 2010 5:00:00 PM. The public issue subscribed 2.26 times in the retail category, 0.52 times in the QIB category, and 1.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.52 |
| NII | 1.52 |
| Retail | 2.26 |
| Employee | 0.67 |
| Total | 1.12 |
Brickwork Ratings has assigned BWR IPO Grade 3 for the proposed IPO of Thangamayil Jewellery Limited (TJL). Brickwork Ratings’ BWR IPO Grade 3 indicates average fundamentals for the issue in relation to its peers. BWR assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with Grade 5 signifying strong fundamentals and Grade 1 signifies poor fundamentals of the issue in relation to its peers. Click here to download the Brickwork IPO Grading Document for Thangamayil Jewellery IPO.
| Listing Date | February 19, 2010 |
| BSE Script Code | 533158 |
| NSE Symbol | THANGAMAYL |
| ISIN | INE085J01014 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹75.00 |
| ₹70.00 |
| ₹70.00 |
| ₹79.00 |
| ₹71.10 |
| NSE |
|---|
| ₹75.00 |
| ₹75.70 |
| ₹70.00 |
| ₹82.00 |
| ₹71.05 |
Thangamayil Jewellery Limited
Thangamayil Jewellery Limited
124, Nethaji Road,
Madurai 625 001
Phone: +91-0452-2345553
Email: thangamayil@gmail.com
Website: http://www.thangamayil.com
S.K.D.C Consultants Limited
Phone: 91-422-6549995, 2539835-36
Email: info@skdc-consultants.com
Website: http://www.skdc-consultants.com
Thangamayil IPO is a main-board IPO of 3,833,667 equity shares of the face value of ₹10 aggregating up to ₹28.76 Crores. The issue is priced at ₹70 to ₹75 per share. The minimum order quantity is 80 Shares.
The IPO opens on January 27, 2010, and closes on January 29, 2010.
S.K.D.C Consultants Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Thangamayil IPO opens on January 27, 2010 and closes on January 29, 2010.
Thangamayil IPO lot size is 80 Shares, and the minimum amount required is ₹6,000.
You can apply in Thangamayil 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 Thangamayil IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Thangamayil IPO allotment status.
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