✓
Open
31 Dec, 2010 to 6 Jan, 2011
✓
Close
31 Dec, 2010 to 6 Jan, 2011
3
Allotment
—
✓
Listing
Thu, Jan 20, 2011
Price Band
₹95 to ₹110
Issue Size
1,50,00,000 shares (agg. up to ₹165 Cr)
Lot Size
60 Shares
Listing Date
Thu, Jan 20, 2011
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.66x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Goenka Diamond & Jewels Ltd. | Mainboard | ₹126.51 Cr | ₹135 | null | ₹127.60 | -5.48% | ₹0.82 (+1.20%) |
| Thangamayil Jewellery Ltd. | Mainboard | ₹28.75 Cr | ₹75 | null | ₹71.05 | -5.27% | ₹6,436.00 (+0.80%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Finance setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat | 36.06 |
| 2 | Finance setting up of a jewellery manufacturing unit at Mumbai. | 23.64 |
| 3 | Finance setting up retail outlets | 30.00 |
| 4 | Finance brand development expenses | 20.00 |
| 5 | Investment in capital of C. Mahendra BVBA | 80.00 |
| 6 | General corporate purposes |
About C.Mahendra Exports IPO
Incorporated in 1978, C Mahendra Exports Ltd is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery. It is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery.Company's introduced their flagship brand "Ciemme" in 2003, as a life style brand. Under this flagship brand, they sell jewellery products like rings, earrings, necklace sets, bracelets, based on various concepts. In overseas market, they sell jewellery only under "Ciemme" brand name. In USA they sell diamond jewellery to retail outlets through Ciemme (NY) LLC. In Middle East they directly sell it to the customers.Currently, Company has two facilities for cutting and polishing of diamonds at Varachha and Udhana in Surat. Further, Ciemme Jewels Limited owns a jewellery manufacturing facility in MIDC, Andheri, Mumbai. C Mahendra Exports marketing offices spread across Surat, Mumbai, Delhi, Kolkata, Hong Kong, New York, Los Angeles and Antwerp to market cut & polished diamonds to domestic and
Contact Details
C.Mahendra Exports Ltd. Address1204 Panchratna12th FloorOpera HouseMumbai, Maharashtra, 400004+91 22 2363 1487investorgrievance@cmahendra.comVisit Website