D.P.Abhushan IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,816,000 (47%) | — | ₹788 Cr |
| Retail | — | 2,816,000 (47%) | — | ₹788 Cr |
| Market Maker | — | 300,000 (5%) | — | ₹8 Cr |
| Σ Total | — | 5,932,000 (100%) | — | ₹16,610 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹112,000 |
| Retail (Max) | 13 | 52,000 | ₹1,456,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,568,000 |
| B-HNI (Min) | 67 | 268,000 | ₹7,504,000 |
Financial Statements Amount in Lacs
| Metric | 01.05.2017 | 31.03.2017 | 31.03.2016 |
|---|---|---|---|
| Revenue | 7,590 | 45,371 | 48,822 |
| Profit After Tax | 490 | 325 | 131 |
| Net Worth | 2,224 | 2,143 | 1,692 |
| Total Assets | 14,619 | 13,845 | 14,480 |
| Total Borrowing | 9,857 | 9,857 | 9,857 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet Working Capital Requirements – 14.50
- To meet General Corporate Expenses – 1.32
Company Overview
D.P. Abhushan Ltd. (DPAL) is engaged in the retail business of various jewelleries and ornaments made out of gold, diamonds and platinum studded with precious and semi-precious stones. Company’s product portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles and other wedding jewellery.
Currently they have four showrooms under the "D.P. Jewellers" brand located in four different cities of India i.e. Ratlam, Indore, Bhopal and Udaipur. All of these showrooms are operated and managed by it, and has been taken on rental basis. Further, it has plans to expand its retail network by opening another showroom in Indore, Madhya Pradesh by the end of October’17, for which it has purchased area comprising of 10,395 sq ft. at DNR 90, Mahatama Gandhi Marg, Yashwant Niwas Road, Indore.
The manufacturing of jewellery products are done through job work from third parties. Further, DPAL also purchases readymade jewellery from independent jewelers. It has also entered into an agreement dated May 05, 2015 with R.S. Diamonds Private Limited for sale of diamond jewelleries under brand of “Divine Solitaires” from its retail outlets.
DPAL has also installed 5 wind turbine generators of 750 KW each in Village Bagia & Naveli, Ratlam, Madhya Pradesh in Sept.’12. In Jan.’13, the Company entered into an agreement with MPPMCL (M.P. Power Management Co. Ltd.) for exclusive sale of power, generated from wind turbine generators to MPPMCL. Company has outsourced all operations and maintenance activities relating to wind turbines to a third party.