Shree Ganesh Jewellery House Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 8,561,899 (60%) | — | ₹23,117 Cr |
| NII (HNI) | — | 1,426,983 (10%) | — | ₹3,853 Cr |
| Retail | — | 4,280,949 (30%) | — | ₹11,559 Cr |
| Σ Total | — | 14,269,831 (100%) | — | ₹385,285 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 | 25 | ₹6,750 |
| Retail (Max) | 13 | 325 | ₹87,750 |
| S-HNI (Min) | 14 | 350 | ₹94,500 |
| B-HNI (Min) | 67 | 1,675 | ₹452,250 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 221,820 | 128,303 | 82,725 |
| Profit After Tax | 13,245 | 8,718 | 5,084 |
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 Setting up a manufacturing unit at Mondalpara, West Bengal for the manufacture of plain and studded gold jewellery with an annual installed capacity of 450 kgs of gold, two units for the manufacture of machine made Italian jewellery with an annual installed capacity of 1,500 kgs of gold and a facility for the manufacture of bangles with an annual installed capacity of 600 kgs of gold (“Mondalpara Project”). – 13.70
- 2 Setting up a new manufacturing unit at Domjur, West Bengal with an annual installed capacity of 2,000 kgs of diamond studded jewellery alongwith an electroforming plant with an annual installed capacity of 2,250 kgs of gold and a gold refinery plant with an annual installed capacity of 1,000 kgs of gold (“Domjur Project”). – 74.93
- 3 Expansion of manufacturing facility at Manikanchan SEZ – 55.86
- 4 Setting up of retail outlets and marketing cost – 68.04
- 5 To meet the working capital requirement – 69.10
- 6 General Corporate Purposes – 9.55
- 7 To meet the issue expenses – 25.42
Company Overview
Incorporated in 2002, Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company's products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. Company's portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions.
Shree Ganesh Jewellery House exported to countries such as the U.A.E, Singapore and Hong Kong. They have three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, Company have achieved a production of 12,843.63 kgs of gold jewellery. They have intend to set up an additional jewellery manufacturing unit at Manikanchan SEZ to supplement the existing facilities. Shree Ganesh Jewellery House also plan to expand their portfolio by commissioning a new vertical in machine made Italian and light weight jewellery at Mondalpara and at Domjur, West Bengal. Company has ten retail outlets and intend to open forty nine retail outlets across India including outlets under the shop-in-shop and franchisee models.