Business description from prospectus – DP Abhushan is engaged in the retail business of various jewelleries and ornaments made out of gold, diamonds and platinum studded with precious and semi-precious stones. Its portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles and other wedding jewellery.
As on date of prospectus, the company has four showrooms under the “D.P. Jewellers” brand located in four different cities of India i.e. Ratlam, Indore, Bhopal and Udaipur. All of these showrooms are operated and managed by the company, and has been taken on rental basis. Further, it has plans to expand the retail network by opening another showroom in Indore, Madhya Pradesh by the end of October’17.
The manufacturing of jewellery products are done through job work from third parties. Further, we also purchase readymade jewellery from independent jewelers. DP Abhushan carries operations relating to quality control, inventory management and business development from its corporate office located in Ratlam, Madhya Pradesh. It has also entered into an agreement dated May 05, 2015 with R.S. Diamonds Private Limited for sale of their diamond jewelleries under brand of “Divine Solitaires” from its retail outlets.
Promoters of DP Abhushan – Mr Anil Kataria, Mr Vikas Kataria, Mr Santosh Kataria, Mrs Renu Kataria, Mr Sanjay Kataria, Anil Kataria HUF, Vikas Ratanlal Kataria HUF, Santosh Ratanlal Kataria HUF, Sanjay Manoharlal Kataria HUF, Rajesh Manoharlal Kataria HUF, Manoharlal Pannalal Kataria HUF
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DP Abhushan IPO details |
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| Subscription Dates | 9 – 11 October 2017 |
| IPO Price band | INR28 per share |
| Fresh issue | 5,932,000 shares (INR16.61 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,932,000 shares (INR16.61 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
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DP Abhushan’s financial performance (in INR crore) |
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| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 369.0 | 409.4 | 459.9 | 488.2 | 453.7 | |
| Total expenses | 355.9 | 405.9 | 456.9 | 484.0 | 446.1 | |
| Profit after tax | 10.4 | 2.1 | 1.3 | 3.2 | 4.9 | |
DP Abhushan Limited
19, Chandani Chowk
Ratlam
Ratlam – 457001, Madhya Pradesh
Phone: +91 7412 490966
Email: [email protected]
Website: www.dpjewellers.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.91 |
| Day 2 | 1.85 |
| Day 3 | 39.40 |
Earnings Per Share (EPS): INR2.99
Price/Earnings (P/E) ratio: 9.32
Return on Net Worth (RONW): 22.78%
Net Asset Value (NAV): INR13.13 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Website: www.bigshareonline.com
DP Abhushan IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 9 October 2017
IPO Closing Date: 11 October 2017
Listing Date: 23 October 2017
Listing Price on NSE SME: INR33.6 per share (up 20% from IPO price)
Closing Price on NSE SME: INR33.6 per share (up 20% from IPO price)
