Bhakti Gems and Jewellery IPO


Bhakti Gems & Jewellery IPO

Bhakti Gems Jewellery IPO

Bhakti Gems and Jewellery is a wholesaler and supplier of gold jewellery and is headquartered at Ahmedabad, Gujarat. The company is mainly focused on traditional Indian jewellery. Its products include handmade gold jewellery studded with precious and semi precious stones such as diamond, ruby, cubic zirconia (cz) etc. The jewelleries are made as per the specific requirements by the customer and the same are manufactured on job work basis at Ahmedabad, Rajkot and Mumbai. Some of its major customers includes Kalyan Jewellers India Ltd, Soni Dwarksdas Virchand, Ghanshyam Jewellers etc.

Promoters of Bhakti Gems and Jewellery – Akshay S. Mehta and Varshaben A. Mehta

Bhakti Gems and Jewellery IPO details

Subscription Dates 17 – 22 May 2017
IPO Price band INR20 per share
Fresh issue 1,962,000 shares (INR3.92 crore)
Offer for sale Nil
Total IPO size 1,962,000 shares (INR3.92 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform


Bhakti Gems and Jewellery’s financial performance (in INR lakh)

 FY2012 FY2013 FY2014 FY2015 FY2016 11M FY2017
Total revenue 660.7 912.0 1,121.9 1,840.6 1,929.6 2,062.9
Total expenses 660.3 911.6 1,121.4 1,838.2 1,927.3 1,991.1
Profit after tax 0.3 0.3 0.1 1.5 1.1 49.0

Subscription (no. of times)

Day 1 0.84
Day 2 1.32
Day 3  1.56
Day 4 2.67

Yug Decor Limited
209, Shree Balaji Paragon, B/S Rock Regency Hotel
CG Road, Ahmedabad –380009

Phone: +91 79 2642 1701
Email: [email protected]

Earnings Per Share (EPS): INR0.19

Price/Earnings (P/E) ratio: 105.26

Return on Net Worth (RONW): 0.39%

Net Asset Value (NAV): INR50.09 per share

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email: [email protected]

Bhakti Gems and Jewellery IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

IPO Opening Date: 17 May 2017

IPO Closing Date: 22 May 2017

Listing Date: 30 May 2017

Listing Price on BSE SME: INR18.7 per share (down 6.5% from IPO price)

Closing Price on BSE SME: INR20.05 per share (flat from IPO price)


Please enter your comment!
Please enter your name here