Eighty Jewellers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,281,000 (47%) | — | ₹525 Cr |
| Retail | — | 1,281,000 (47%) | — | ₹525 Cr |
| Market Maker | — | 138,000 (5%) | — | ₹6 Cr |
| Σ Total | — | 2,700,000 (100%) | — | ₹11,070 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 | 3,000 | ₹123,000 |
| Retail (Max) | 13 | 39,000 | ₹1,599,000 |
| S-HNI (Min) | 14 | 42,000 | ₹1,722,000 |
| B-HNI (Min) | 67 | 201,000 | ₹8,241,000 |
Financial Statements Amount in Lakhs
| Metric | 30-Sep-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 4,436 | 7,869 | 6,491 |
| Profit After Tax | 83 | 377 | 155 |
| Total Assets | 3,399 | 3,399 | 3,175 |
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 To meet Working Capital requirements – 9.00
- 2 General Corporate Purpose – 0.85
Company Overview
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.