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Open
25 Mar 2013
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Close
28 Mar 2013
3
Allotment
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Listing
Fri, Apr 12, 2013
Price Band
₹130 to ₹135
Issue Size
10,00,000 shares (agg. up to ₹13 Cr)
Lot Size
1,000 Shares
Listing Date
Fri, Apr 12, 2013
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 0.76x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Veto Switchgears & Cables Ltd. | SME | ₹25.01 Cr | ₹50 | null | ₹145.45 | +190.90% | ₹129.12 (-0.65%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investments in Moulds, tools and equipment ,and Indigenisation of the designs for expansion of the existing manufacturing facility | 10.30 |
| 2 | Enhancement of the Company’s brand through advertising and other brand building activities | 3.91 |
| 3 | General Corporate Purposes | 0.80 |
About Opal Luxury Time Products IPO
Incorporated in 2007, Opal Luxury Time Products Ltd is engaged in manufacturing and marketing of home decor products. Currently Opal design and manufacture wall and table clocks and market them under two brands, the premium brand 'Opal' and budget brand 'Caliber'.They offer 109 styles of clocks under their brand ‘OPAL’ those ranges from Rs 1450 to Rs 27500. Also they have 31 styles of clocks under ‘Caliber’ brand with average MRP of Rs 370. Company is headquartered in Pune and currently has a manufacturing facility in the industrial area of Roorkee, Uttarakhand.Company's brand 'Opal' has 91 organized retailers which includes popular brands such as Shoppers Stop, Home Town, etc. Also they have tie ups with 10 online portals and also have their own shopping portal www.opalclocks.com. They have recently started exporting both their brands, ‘Opal’ and ‘Caliber’ to the United States.+ Read More
Contact Details
Opal Luxury Time Products Ltd. AddressShree Ganesh, Plot No.31Shivaji Housing Society, Behind ICC TowerSenapati Bapat RoadPune, Maharashtra, 411016+91 – 20 - 2563 1919contact@opalclocks.comVisit Website