IPO Issue Details
Issue Price / Price Band₹270 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size25 Shares per Lot
Total Issue Size1,42,69,831 shares (aggregating up to ₹371.02 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 19 Mar 2010
Subscription CloseTue, 23 Mar 2010
Anchor AllotmentThu, 18 Mar 2010
Basis of AllotmentMon, 29 Mar 2010
Initiation of RefundsTue, 30 Mar 2010
Credit of Shares to DematTue, 30 Mar 2010
Listing DateFri, 09 Apr 2010
UPI Mandate Deadline2010-03-23
Application & Investment Details
Retail — Min (1 Lots)₹6,500 — 25 shares
Retail — Max (13 Lots)₹87,750 (13 Lots)
HNI — Min (154 Lots)₹10,01,000 — 3,850 shares
Pre-IPO Promoter Holding4,85,45,988 shares
Post-IPO Promoter Holding6,06,82,485 shares
Fresh Issue Shares1,21,36,497 shares (aggregating up to ₹315.55 Cr)
Offer for Sale Shares21,33,334 shares of ₹10 (aggregating up to ₹55.47 Cr)
About Shree Ganesh Jewellery House Ltd.
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.
Objects of the Issue
Shree Ganesh Jewellery House Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
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
3 Expansion of manufacturing facility at Manikanchan SEZ
55.86
4
4 Setting up of retail outlets and marketing cost
68.04
5
5 To meet the working capital requirement
69.10
6
6 General Corporate Purposes
9.55
7
7 To meet the issue expenses
25.42
Shareholding & Lock-in
Pre-IPO Promoter Holding
4,85,45,988 shares
Post-IPO Promoter Holding
6,06,82,485 shares