Darshan Orna Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 596,000 (47%) | — | ₹358 Cr |
| Retail | — | 596,000 (47%) | — | ₹358 Cr |
| Market Maker | — | 64,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 1,256,000 (100%) | — | ₹7,536 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 | 2,000 | ₹120,000 |
| Retail (Max) | 13 | 26,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,040,000 |
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
- 1 Working Capital – 5.74
- 2 General Corporate Expenses – 1.42
- 3 Issue Expenses – 0.38
Company Overview
Incorporated in 2011, Darshan Orna Ltd (DOL) is a Small and Medium Enterprise (SME) engaged in the Gold & Silver Jewellery and Ornaments Business. The Company started its commercial operations as a Wholesaler and Trader of Gold and Silver Jewelries and Ornaments by setting a unit in Manek Chowk area of Ahmedabad in North Gujarat, which is known as a hub of Gold & Silver Market. Company's portfolio comprises Traditional Jewellery, Indo-Western Jewellery & Modern Jewellery.
DOL's Jewelries and Ornaments are designed keeping in mind the demand of various customers coming from diverse cultures and age groups. Over the last couple of years, the company has achieved tremendous growth in sales. The company sources its raw material from its suppliers. Over the years, the company has built up a credible sales-force to market its jewelries in Ahmedabad.