Goenka Diamond & Jewels Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,000,000 (50%) | — | ₹7,250 Cr |
| NII (HNI) | — | 1,500,000 (15%) | — | ₹2,175 Cr |
| Retail | — | 3,500,000 (35%) | — | ₹5,075 Cr |
| Σ Total | — | 10,000,000 (100%) | — | ₹145,000 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 | 40 | ₹5,800 |
| Retail (Max) | 13 | 520 | ₹75,400 |
| S-HNI (Min) | 14 | 560 | ₹81,200 |
| B-HNI (Min) | 67 | 2,680 | ₹388,600 |
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 Establishment of G WILD Stores – 5.16
- 2 Establishment of CERES Stores – 2.13
- 3 Working capital requirement for jewellery business – 84.60
- 4 Establishment of jewellery manufacturing facility – 3.84
- 5 Establishment of diamond processing facility – 3.29
- 6 Investment in the Subsidiary – 25.00
- 7 General corporate purposes –
- 8 Issue expenses –
Company Overview
Incorporated in 1990, Goenka Diamond & Jewels Limited is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery. Goenka's product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold. Company has its own diamond processing unit at SEZ in Surat and in Mumbai.
Goenka Diamonds retail its diamond jewellery under two brands CERES and G WILD. Company retail high end diamond jewellery under the CERES brand targeting the top-end segment of the society while G WILD focuses on internationally designed diamond jewellery targeting the youth.