Radhika Jeweltech IPO is hitting the capital markets today with price fixed at Rs.75 per share (face value Rs.10 per share). The SME IPO will remain open till Sept 20, 2016. The issue size of IPO will 49.50 crore and company will list on BSE SME platform.
Company Profile:
Radhika Jeweltech Limited was established as on July 22, 2016 based in Gujarat, India. It offers Jewellery made of gold, silver, precious and semi precious metal ornaments and studded ornaments having showroom on Palace road Rajkot. It is getting finished products either manufacturing in house or by third parties on job work basis. It is selling its products including high range, medium range and low range as per the customer demand. It is prudent to trade for branded Jewellery. The product of the company is certified by BIS Hallmark. All the finished products are examined and cleared by the quality assurance department as per its parameters.
Outlook Of The Firm:
1) Robust experience of Jewellery markets;
2) Prime location of its showroom;
3) Offer products of various design, innovation and product range;
IPO details:
The company has filed its draft prospectus to be listed on the SME platform of BSE. t is planning to raise Rs. 49.50 crore through the Initial public offering.
Purpose of the issue:
- To fulfill the requirement of working capital;
- To meet the expenses of the Issue;
- General corporate purpose.
Summary Of Issue:
| Issue Open:- | Sep 14, 2016 – Sep 20, 2016 |
| Issue Type | Fixed Price issue IPO |
| Issue Size (Shares) | 6,600,000 Equity Shares |
| Issue Size in (Value) | Rs 10 aggregating up to Rs 49.50 Cr |
| Face Value | Rs. 10 Per Equity Share |
| Issue Price | Rs. 75 Per Equity Share |
| Market lots | 1600 Shares |
| Minimum Order Quantity | 1600 Shares |
| Listing At | BSE, SME |
Promoters Of the Company:-
Mr. Ashokkumar Zinzuwadia :- He is the chairman and Managing director of the Company. He is 49 years old.
Financials:-
| Particulars | For the year/Period ended (Rs. in Millions) | ||
| Financial Year | 22nd-July-16 | 31-Mar-16 | 31-Mar-15 |
| Total Equity & Liabilities | 11935.69 | 11185.69 | 10447.06 |
| Total Assets | 11935.69 | 11185.69 | 10447.06 |
| Total Revenue | 3156.35 | 13715.96 | 13396.51 |
| Total Expenses | 3071.48 | 13418.11 | 13004.70 |
| Profit After Tax (PAT) | 84.87 | 297.85 | 259.81 |
Lead Manager Details:-
CORPORATE STRATEGIC ALLIANZ LIMITED
808, Samedh Complex, Near Associated Petrol Pump, C.G. Road,
Ahmedabad – 380 006, Gujarat- India.
Tel No: +91-79- 40301750 Tele Fax No: +91- 79- 40024670
SEBI REGN NO: INM 000011260
Email Id: info@csapl.com
Website: www.csapl.com
Contact Person: Mr. Nevil R. Savjani
Registrar Of The Issue:-
SATELLITE CORPORATE SERVICES PRIVATE LIMITED
B-302, Sony Apartment, Opp. St. Jude High School,
90 ft. Road, Off Andheri Kurla Road, Jarimari, Sakinaka, Mumbai – 400 072.
Tel: +91-22- 28520461/462 Fax:+91-22- 28511809
SEBI REGN NO: INR000003639
Email Id: service@satellitecorporate.com
Website: www.satellitecorporate.com
Contact Person: Mr. Michael Monteiro
Registered Office:
3-4-5, “Raj Shrungi” Complex, Palace Road, Rajkot, Gujarat -360 001
Tel: +0281-2233100, 2225066; Fax: +0281-2241917;
Website: www.radhikajeweltech.com
Contact Person: Company Secretary and Compliance Officer: Mr.Tushar Donda ;
E-Mail: radhikajeweltech@gmail.com
