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Open
25 May to 4 Jun, 2018
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Close
25 May to 4 Jun, 2018
3
Allotment
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Listing
Tue, Jun 12, 2018
Price Band
₹30 per share
Issue Size
29,68,000 shares (agg. up to ₹9 Cr)
Lot Size
4,000 Shares
Listing Date
Tue, Jun 12, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.05x |
Restated Financials (₹ Cr.)
| Period Ended | 28 Feb 2018 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 6.09 | 1.63 | 0.37 | 0.36 |
| Total Income | 19.75 | 5.52 | 1.57 | 0.98 |
| Profit After Tax | 0.44 | 0.02 | 0.01 | -0.00 |
| NET Worth | 4.13 | 0.34 | 0.32 | 0.32 |
| Reserves and Surplus | 2.70 | 0.02 | 0.01 | 0.00 |
| Total Borrowing | 1.49 | |||
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Advitiya Trade India Ltd. | SME | ₹4.31 Cr | ₹15 | null | ₹15.76 | +5.07% | ₹6.70 (-0.75%) |
| Diggi Multitrade Ltd. | SME | ₹3.38 Cr | ₹13 | null | ₹13.03 | +0.23% | ₹13.99 (-0.07%) |
| MRC Exim Ltd. | SME | ₹4.50 Cr | ₹15 | null | ₹12.50 | -16.67% | ₹35.97 (-2.20%) |
| Sharika Enterprises Ltd. | SME | ₹13.87 Cr | ₹43 | null | ₹51.60 | +20.00% | ₹21.88 (+4.99%) |
| Mehai Technology Ltd. | SME | ₹6.00 Cr | ₹40 | null | ₹34.50 | -13.75% | ₹1.17 (+0.86%) |
| Dhruv Wellness Ltd. | SME | ₹5.57 Cr | ₹20 | null | ₹19.50 | -2.50% | ₹4.58 (-4.78%) |
| Gautam Exim Ltd. | SME | ₹3.32 Cr | ₹40 | null | ₹43.85 | +9.63% | ₹33.26 (-2.61%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirement | 8.65 |
About Palm Jewels IPO
Incorporated in 2005, Gujarat based Palm Jewels Limited is a company engaged in the wholesale business of gold jewelry. The company sells gold based chains, bracelets, and necklaces. It outsources the manufacturing of the jewelry through job workers based in Ahmedabad and Mumbai. The major raw material used for making the products is gold & silver. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai. The finished jewelry is sold by the company's marketing and sales team directly to other jewelry stores. The jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy. Some of the major customers include M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers, etc.Palm Jewels currently has 11 employees on its payroll.+ Read More
Contact Details
Palm Jewels Ltd. AddressG.F-37, Super MallNr.Diamond, C.O.Hou.Soc.Ltd, Nr.Lal BunglowC.G.RoadAhmedabad, Gujarat, 380001+91 79 40052056compliance.pjl@gmail.comVisit Website