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Open
16 Feb 2006
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Close
21 Feb 2006
3
Allotment
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Listing
Fri, Mar 10, 2006
Price Band
₹170 to ₹195
Issue Size
1,70,00,000 shares (agg. up to ₹332 Cr)
Listing Date
Fri, Mar 10, 2006
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 15.00x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2005 | 31 Mar 2005 | 31 Mar 2004 | 31 Mar 2003 |
|---|---|---|---|---|
| Assets | 1,574.46 | 756.98 | 686.69 | 669.55 |
| Total Income | 1,152.23 | 1,358.53 | 1,215.13 | 1,145.47 |
| Profit After Tax | 25.91 | 8.86 | 11.72 | 18.63 |
| EBITDA | 50.26 | 27.68 | 30.76 | 47.95 |
| NET Worth | 346.04 | 224.51 | 214.30 | 199.41 |
| Reserves and Surplus | 248.20 | 190.70 | 181.88 | 168.13 |
| Total Borrowing | 625.65 | 313.81 | 300.01 | 278.30 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in subsidiaries, joint ventures and associate companies | 185.20 |
| 2 | Capital expenditure for expansion of retail operations | 6.72 |
| 3 | Setting up of a diamond manufacturing facility at the Gems and Jewellery Special Economic Zone at Hyderabad | 21.00 |
| 4 | Setting up of a jewellery manufacturing facility at the Gems and Jewellery Special Economic Zone at Hyderabad | 24.25 |
| 5 | Setting up of an additional jewellery manufacturing facility at Andheri, Mumbai | 23.25 |
| 6 | Expanding jewellery manufacturing facility and setting up of diamond manufacturing facility at SEEPZ, Mumbai | 24.75 |
| 7 | Working capital purposes | 127.29 |
| 8 | Future acquisitions and general corporate purposes | 39.01 |
| 9 | Issue expenses | 20.03 |
| Total | 471.50 |
About Gitanjali Gems IPO
Gitanjali Gems Ltd. is a fully integrated diamond and jewellery company and rank among the leading manufacturers and retailers in India. Its business spans the entire value chain—from procuring rough diamonds in global markets to processing, manufacturing, and retailing finished products. The company source rough diamonds from both primary and secondary international suppliers, undertake in-house cutting and polishing, and cater to export markets as well as domestic and overseas retail segments. Its export footprint is well diversified, with cut and polished diamonds supplied to key global markets including Europe (notably Antwerp and Italy), the United States, the Middle East, and major Asian hubs such as Japan, China, Hong Kong, and Thailand. The company operates advanced diamond processing facilities in Mumbai and Surat. Its Borivali facility in Mumbai, spread across 40,000 square feet, is equipped with modern technology and staffed by over 1,200 skilled professionals. In the jewellery segment, the company designs, manufactures, and market a wide range of diamond-studded, gold, and platinum jewellery. Its flagship manufacturing facility at the Santacruz Electronic Export Process
Contact Details
Gitanjali Gems Ltd. Address801/802 Prasad ChambersOpera HouseMumbai, Maharashtra, 40000491 22 2363 0272ipo@gitanjaligroup.comVisit Website