IPO Issue Details
Issue Price / Price Band₹11 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size18,50,000 shares (aggregating up to ₹2.04 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 30 Mar 2015
Subscription CloseWed, 08 Apr 2015
Anchor AllotmentSun, 29 Mar 2015
Basis of AllotmentTue, 14 Apr 2015
Initiation of RefundsWed, 15 Apr 2015
Credit of Shares to DematWed, 15 Apr 2015
Listing DateWed, 22 Apr 2015
UPI Mandate Deadline2015-04-08
Application & Investment Details
Retail — Min (1 Lots)₹1,10,000 — 10,000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)₹2,20,000 — 20,000 shares
Net Offer to Public17,50,000 shares (aggregating up to ₹1.93 Cr)
Reserved for Market Maker1,00,000 shares (aggregating up to ₹0.1100 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding68,50,000 shares
About O.P.Chains Ltd.
Incorporated in 2001, O P Chains Ltd. (OPCL) is a north centric Bullion dealer of Gold and Silver and other precious metals specializing in bars and coins of various precious metals like Gold and Silver. It offers wholesale delivery of bullion to domestic users i.e. ornament manufacturers, goldsmiths, jewellers and semi-wholesalers.OPCL operates as an important intermediary in bullion trading industry whereby it purchase materials such as Gold, Silver and other precious metals etc. from State Trading Corporation of India, Hindustan Zinc Limited, ICICI Bank Limited, Punjab National Bank Limited and SB Ornaments Pvt. Ltd., and supply to customers in the Jewelry industry to various jewelers and related business.
Objects of the Issue
O.P.Chains Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirements
1.65
2
2 General Corporate Purpose
0.14
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,00,000 shares
Post-IPO Promoter Holding
68,50,000 shares