Shubhlaxmi Jewel IPO

Shubhlaxmi Jewel IPOShubhlaxmi Jewel IPO Description – Shubhlaxmi Jewel is engaged in the retail and wholesale business of various jewelleries and ornaments made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones. Its portfolio includes necklace, mangalsutra, patla, chains, mala, kandoro, poncho, payal, rings, armlets, pendants, bracelets, bangles and other wedding jewelleries. The ornaments are made to order as per specific requirements by the customers and the same are manufactured by third party manufacturers on job work basis. The company also purchases readymade jewellery from independent jewellers.

Promoters of Shubhlaxmi Jewel Art – Narendrasinh Chauhan and Jitendrakumar Chauhan
Shubhlaxmi Jewel Art IPO details
Subscription Dates 22 – 27 November 2018
IPO Price band INR26 per share
Fresh issue 2,504,000 shares (INR6.51 crore)
Offer for sale Nil
Total IPO size 2,504,000 shares (INR6.51 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirements – INR5.2 crore
  • General Corporate Purpose
  • Issue Expenses
Shubhlaxmi Jewel Art’s financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 6.98 45.14 47.43 43.44 46.85
Total expenses 6.93 43.22 46.90 42.49 45.58
Profit after tax 0.03 1.29 0.37 0.65 0.82
Shubhlaxmi Jewel Art’s Contact Details

Shubhlaxmi Jewel Art Limited
Shop No. 1, Ground Floor, “D & I Excelus”
Waghawadi Road
Bhavnagar – 364002, Gujarat

Phone: +91 278 2562600
Email: [email protected]

Shubhlaxmi Jewel IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.36
Day 2 0.94
Day 3 4.00
Shubhlaxmi Jewel Valuation (For FY2018)

Earnings Per Share (EPS): INR1.42

Price/Earnings (P/E) ratio: 18.31

Return on Net Worth (RONW): 14.86%

Net Asset Value (NAV): INR9.57 per share

Registrar of Shubhlaxmi Jewel IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]

Shubhlaxmi Jewel IPO Allotment Status

Shubhlaxmi Jewel IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Listing performance of Shubhlaxmi Jewel

IPO Opening Date: 22 November 2018

IPO Closing Date: 27 November 2018

Listing Date: 4 December 2018

Listing Price on NSE SME: INR27.1 per share (up 4.23% from IPO price)

Closing Price on NSE SME: INR27.2 per share (up 4.62% from IPO price)


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