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Renaissance Jewellery IPO IPO

Mainline19 Nov 200721 Nov 2007
Open
19 Nov 2007
Close
21 Nov 2007
3
Allotment
Listing
Wed, Dec 12, 2007
Price Band
₹125 to ₹150
Issue Size
53,24,240 shares (agg. up to ₹80 Cr)
Lot Size
45 Shares
Listing Date
Wed, Dec 12, 2007
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Live Subscription

CategorySubscription (times)
Total23.35x

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Expansion of manufacturing Capacity at Bhavnagar unit (100% EOU)10.50
2Expansion of Capacity and modernization of our Mumbai units3.57
3Investment in foreign Subsidiary35.00
4Augmenting working capital requirements20.93
5Further expansion / General corporate purposes3.38
6To meet expenses of the Issue6.49

About Renaissance Jewellery IPO

Incorporated in 1989, Renaissance Jewellery Limited (RJL) is in the business of manufacture and sale of studded gold, platinum and silver jewellery. Renaissance product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in precious metals like gold, platinum and silver. Renaissance has three manufacturing units, two in Mumbai and one at Bhavnagar, Gujarat.Renaissance mainly manufactures jewellery items for its international customers. Companies also market its studded jewellery products in domestic market through its retail stores operated by its subsidiary, Renaissance Retail Venture Private Limited (RRVPL). RRVPL currently has 8 retail outlets. The retail products sold by RRVPL are under the brand name "Lucera".Renaissance's sales for Fiscal 2002 were Rs. 555.54 million which has increased to Rs. 3,344.00 million for Fiscal 2006 at a CAGR of 56.63%. Renaissance's sales for the nine months period ended December 2006 was Rs. 3,520.17 million. Company's net profit after taxes for Fiscal 2002 was Rs. 30.27 million which has increased to Rs. 155.39 million for Fisc

Contact Details

Renaissance Jewellery Ltd. AddressPlot No 36A & 37, SEEPZ-SEZMIDC MarolAndheri (East)Mumbai, Maharashtra, 400096+91 22 66938444ipo@renjewellery.comVisit Website