Jewellery manufacturer and exporter Tara Jewels is coming out with an IPO starting on the 21st of November,2012. The issue, which will close on November 23, it comprises of fresh equity shares worth Rs 179.5 crore and an offer for sale of Rs 70 crore worth of shares by Fabrikant H K Trading.
Issue Details:
Issue Opens:
|
21/11/2012
|
Issue Closes:
|
23/11/2012
|
Issue Size:
|
Rs. 179.50 - 183.49 Crore
Or
7,977,778 Equity Shares of Rs. 10
|
Face Value:
|
Rs. 10 per Equity Share
|
Issue Price:
|
Rs. 225 to Rs. 230 per Equity Share
|
Market Lot:
|
50 Shares
|
Listing on:
|
BSE & NSE
|
Cheque for Resident Retail Individuals in favour of:
|
“TJL IPO – R”
|
BRLM:
|
Enam Securities Private and ICICI Securities
|
Registrar to the issue:
|
Link Intime India
|
About Tara Jewels:
· The company conducts jewellery retail operations in the domestic market under the brand 'Tara Jewellers' and currently has 30 existing stores spread mainly in west, central and the north.
· The company primarily exports to Australia, China, Canada, European Union, South Africa, UAE, the UK, and US. Going forward, the company will explore export opportunities in South and Central America.
· The company has four manufacturing units, three in Mumbai and one in China.
· They are planning an additional 20 retail stores by the end of this financial year mostly in the north and the central region. These stores will be in tier I, II, III and IV cities catering to the middle class.
· Net profit of the company rose 33 per cent year-on-year to Rs 54.13 crore and total revenue increased 22.5 per cent to Rs 1,401.05 crore in FY'12.
Retail Applicant’s Application Matrix:
Upper Price Band (in Rs.)
|
Lot Size (No. of Shares)
|
Amount (in Rs.)
|
230
|
50
|
11500
|
230
|
100
|
23000
|
230
|
150
|
34500
|
230
|
200
|
46000
|
230
|
250
|
57500
|
230
|
300
|
69000
|
230
|
350
|
80500
|
230
|
400
|
92000
|
230
|
450
|
103500
|
230
|
500
|
115000
|
230
|
550
|
126500
|
230
|
600
|
138000
|
230
|
650
|
149500
|
230
|
700
|
161000
|
230
|
750
|
172500
|
230
|
800
|
184000
|
230
|
850
|
195500
|
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