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Open
19 Mar 2010
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Close
23 Mar 2010
3
Allotment
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Listing
Fri, Apr 9, 2010
Price Band
₹260 to ₹270
Issue Size
1,42,69,831 shares (agg. up to ₹371 Cr)
Lot Size
25 Shares
Listing Date
Fri, Apr 9, 2010
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.51x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| 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 | Setting up a manufacturing unit at Mondalpara, West Bengal for the manufacture of plain and studded gold jewellery with an annual installed capacity of 450 kgs of gold, two units for the manufacture of machine made Italian jewellery with an annual installed capacity of 1,500 kgs of gold and a facility for the manufacture of bangles with an annual installed capacity of 600 kgs of gold (“Mondalpara Project”). | 13.71 |
| 2 | Setting up a new manufacturing unit at Domjur, West Bengal with an annual installed capacity of 2,000 kgs of diamond studded jewellery alongwith an electroforming plant with an annual installed capacity of 2,250 kgs of gold and a gold refinery plant with an annual installed capacity of 1,000 kgs of gold (“Domjur Project”). | 74.93 |
| 3 | Expansion of manufacturing facility at Manikanchan SEZ | 55.86 |
| 4 | Setting up of retail outlets and marketing cost | 68.04 |
| 5 | To meet the working capital requirement | 69.10 |
| 6 | General Corporate Purposes | 9.55 |
| 7 | To meet the issue expenses | 25.42 |
About Shree Ganesh Jewellery IPO
Incorporated in 2002, Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company's products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. Company's portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions.Shree Ganesh Jewellery House exported to countries such as the U.A.E, Singapore and Hong Kong. They have three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, Company have achieved a production of 12,843.63 kgs of gold jewellery. They have intend to set up an additional jewellery manufacturing unit at Manikanchan SEZ to supplement the existing facilities. Shree Ganesh Jewellery House also plan to expand their portfolio by commissioning a new vertical in machine made Italian and light weight jewellery at Mondalpara and at Domjur, West Bengal. Company
Contact Details
Shree Ganesh Jewellery House Ltd. AddressShree Ganesh Jewellery House Ltd413, Vardaan MarketCamac StreetKolkata, West Bengal, 700016+ 91 33 2280 0345investors@sgjhl.comVisit Website