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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
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Bhakti Gems and Jewellery IPO details |
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| 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 |
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Bhakti Gems and Jewellery’s financial performance (in INR lakh) |
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| Â 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 |
| Day |
Subscription (no. of times) |
| Day 1 | 0.84 |
| Day 2 | 1.32 |
| Day 3 | Â 1.56 |
| Day 4 | 2.67 |
Yug Decor Limited
209, Shree Balaji Paragon, B/S Rock Regency Hotel
CG Road, Ahmedabad –380009
Phone:Â +91 79 2642 1701
Email: [email protected]
Website:Â www.bhaktijewellery.com
Earnings Per Share (EPS): INR0.19
Price/Earnings (P/E) ratio:Â 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 2851Â 1022
Email: [email protected]
Website: www.skylinerta.com
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:Â 30 May 2017
Listing Price on BSE SME:Â INR18.7 per share (down 6.5% from IPO price)
Closing Price on BSE SME: INR20.05 per share (flat from IPO price)
