IPO Issue Details
Issue Price / Price Band₹13 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10,000 Shares per Lot
Total Issue Size57,30,000 shares (aggregating up to ₹7.45 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 26 Apr 2017
Subscription CloseFri, 28 Apr 2017
Anchor AllotmentTue, 25 Apr 2017
Basis of AllotmentThu, 04 May 2017
Initiation of RefundsFri, 05 May 2017
Credit of Shares to DematFri, 05 May 2017
Listing DateMon, 08 May 2017
UPI Mandate Deadline2017-04-28
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 10,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 20,000 shares
Net Offer to Public54,40,000 shares (aggregating up to ₹7.07 Cr)
Reserved for Market Maker2,90,000 shares (aggregating up to ₹0.3770 Cr)
Pre-IPO Promoter Holding1,58,85,000 shares
Post-IPO Promoter Holding2,16,15,000 shares
About Pure Giftcarat Ltd.
Incorporated in 2011, Pure Giftcarat Limited engaged in the trading and retailing of diamonds and jewelry in Surat, India. They sells diamonds to various jewelry manufacturers, large department store chains, retail stores, and wholesalers. The company was formerly known as L’avance Dirays Limited and changed its name to Pure Giftcarat Limited in September 2015.Pure Giftcarat are also engaged in the trading of real jewellery and cateing to low budget customer. Company's operations include sourcing of Diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in India.
Objects of the Issue
Pure Giftcarat Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
5.35
2
Public Issue Expenses
0.24
3
General Corporate Purpose
1.86
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,58,85,000 shares
Post-IPO Promoter Holding
2,16,15,000 shares