Raipur based Eighty Jewellers Limited. has come up with its IPO. The company has been in operation since year 2010. They are primarily into B2B jewellery business and sell their manufacturing to jewellery stores/distributors. They operate under master franchisee of Anopchand Tilokchand Jewellers Private Limited. which is their flagship brand/group company. The company deals in verity of luxury jewelleries and ornaments of gold-platinum-silver-diamond. They also deal in luxury watches, precious stone jewellery etc.
The details of the IPO are as below:
- Issue size – Rs. 11.07/- Crores | 27,00,000 equity shares on offer
- Issue period – Between 31th March to 5th April 2022
- Price band – Rs. 41/-
- Face value – Rs. 10/- per equity share
- Lot size for bidding – minimum 1 lot of 3,000 shares.
- Listing at exchanges – BSE & SME
- Tentative allotment date – 8th April 2022
- Tentative refund date – 11th April 2022
- Tentative date for credit of allotted shares in DMAT – 12th April 2022
- Tentative IPO listing date – 13th April 2022
- Retail category on offer – 50% of total offer
- Non-Institutional category on offer – 50% of total offer
Disclaimer: Investment in equity markets involves high degree of risk, please read the IPO document carefully before investing.
