Eighty Jewellers IPO GMP, Review, Price, Allotment

Eighty Jewellers IPO description – Eighty Jewellers is a master franchisee of Anopchand Tilokchand Jewellers Private Limited (ATJPL) and involved in the trading of various jewelleries, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones. Its product portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items and other wedding jewellery. It’s products cater to the customers across high-end, mid-market and value market segments.

The company is currently operating under a B2B business Model and deals only in jewellery certified by BIS Hallmark which is a mark of conformity widely accepted by consumers.

It has entered into master franchise agreement with Anopchand Tilokchand Jewellers Private Limited on dated November 30, 2021, wherein it has been given rights to open stores in the Brand name of ATJPL either directly or through sub franchisee arrangements currently having (i) a sub-franchisee store at Korba, Chhattisgarh and (ii) a retail store at Bilaspur, Chhattisgarh.

Promoters of Eighty Jewellers Private Limited – Mr Tilok Chand Bardia, Mr Nikesh Bardia and Mr Nitin Kumar Bardia

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Eighty Jewellers IPO Details

Subscription Dates	31 March – 5 April 2022
Price Band	INR41 per share
Fresh issue	27,00,000 shares (INR11.07 crore)
Offer For Sale	Nil
Total IPO size	27,00,000 shares (INR11.07 crore)
Minimum bid (lot size)	3,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	BSE SME

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Eighty Jewellers’ Financial Performance

	FY2019	FY2020	FY2021	H1 FY2022
Revenue	8,192.05	6,490.63	7,868.89	4,436.05
Expenses	8,051.47	6,280.15	7,371.46	4,326.30
Net income	100.19	155.25	376.94	83.06

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Eighty Jewellers Offer News

• Eighty Jewellers RHP
• Eighty Jewellers Draft Prospectus

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Eighty Jewellers Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR5.03
Pre-IPO Price/Earnings (PE ratio): 8.15
Return on Net Worth (RONW): 40.58%
Net Asset Value (NAV): INR 12.39 per share

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Eighty Jewellers IPO GMP Daily Trend

Date	Eighty Jewellers IPO GMP	Kostak	Subject to Sauda

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Eighty Jewellers IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	13,50,000	13,50,000	27,00,000
Day 1	0.69	0.07	0.38
Day 2	0.78	0.12	0.45
Day 3	1.18	0.44	0.81
Day 4	2.73	1.92	2.33

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Eighty Jewellers Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8280
Email: [email protected]
Website: www.bigshareonline.com

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Eighty Jewellers Contact Details

Eighty Jewellers Private Limited
Anup Plaza Sadar Bazar,
Raipur,
Chhattisgarh – 492001
Phone: +91-0771-2234737
Email: [email protected];
Website: www.eightyjewels.in

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Eighty Jewellers IPO Allotment Status

Eighty Jewellers IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.

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Eighty Jewellers IPO Timetable

IPO Opening Date	31 March 2022
IPO Closing Date	5 April 2022
Listing Date	13 April 2022
Opening Price on BSE	INR42 per share (up 2.44% from IPO price)
Closing Price on BSE	INR44.10 per share (up 7.56% from IPO price)

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Eighty Jewellers IPO FAQs