IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size12,56,000 shares (aggregating up to ₹7.54 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 02 May 2016
Subscription CloseWed, 11 May 2016
Anchor AllotmentSun, 01 May 2016
Basis of AllotmentTue, 17 May 2016
Initiation of RefundsWed, 18 May 2016
Credit of Shares to DematWed, 18 May 2016
Listing DateThu, 19 May 2016
UPI Mandate Deadline2016-05-11
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 2,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 4,000 shares
Net Offer to Public11,92,000 shares (aggregating up to ₹7.15 Cr)
Reserved for Market Maker64,000 shares (aggregating up to ₹0.3840 Cr)
Pre-IPO Promoter Holding35,08,694 shares
Post-IPO Promoter Holding47,64,694 shares
About Darshan Orna Ltd.
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.
Objects of the Issue
Darshan Orna Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
2
2 General Corporate Expenses
1.42
Shareholding & Lock-in
Pre-IPO Promoter Holding
35,08,694 shares
Post-IPO Promoter Holding
47,64,694 shares