Eighty Jewellers Limited IPO Detail
Incorporated in 2010, Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.
The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.
Competitive Strengths:
- Use of the established Brand name.
- Cordial relationship with our customers.
- Experience of our Promoters.
- Design, Innovation and Product range.
- Prime Location of the Showroom.
Company Promoters
Mr. Tilok Chand Bardia, Mr. Nikesh Bardia, and Mr. Nitin Kumar Bardia are the company promoters.IPO Details
| IPO Opening Date | Mar 31, 2022 |
| IPO Closing Date | Apr 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹41 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹11.07 Cr |
| Fresh Issue | ₹11.07 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.72x | 0.07x | 0.40x | |
| Day 2 | - | - | 0.82x | 0.11x | 0.46x | |
| Day 3 | - | - | 1.24x | 0.46x | 0.85x | |
| Day 4 | - | - | 2.88x | 2.03x | 2.45x |
IPO Tentative Timetable
The Eighty Jewellers Limited IPO open date is Mar 31, 2022, and the close date is Apr 05, 2022. The issue may list on Apr 13, 2022.
| IPO Open Date | Mar 31, 2022 |
| IPO Close Date | Apr 05, 2022 |
| Basis of Allotment Date | Apr 08, 2022 |
| Initiation of Refunds | Apr 08, 2022 |
| Credit of Shares to Demat Account | Apr 08, 2022 |
| IPO Listing Date | Apr 13, 2022 |
IPO Lot Size
The Eighty Jewellers Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹123000 |
| Maximum | 1 | 3000 | ₹123000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 3,398.90 | 4,436.05 | 83.06 |
| 31-Mar-21 | 3,197.30 | 7,868.89 | 376.94 |
| 31-Mar-20 | 3,174.94 | 6,490.63 | 155.25 |
| 31-Mar-19 | 2,745.60 | 8,192.05 | 100.19 |
Objects of the Issue:
Requirement of Funds and Utilization of Net Proceeds:
- To meet Working Capital requirements.
- General Corporate Purpose.
Eighty Jewellers Limited IPO Registrar:
Bigshare Services Pvt Ltd
Eighty Jewellers Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
Raipur,
Chhattisgarh
