IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size66,00,000 shares (aggregating up to ₹49.50 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 14 Sep 2016
Subscription CloseTue, 20 Sep 2016
Anchor AllotmentTue, 13 Sep 2016
Basis of AllotmentMon, 26 Sep 2016
Initiation of RefundsTue, 27 Sep 2016
Credit of Shares to DematTue, 27 Sep 2016
Listing DateTue, 27 Sep 2016
UPI Mandate Deadline2016-09-20
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 3,200 shares
Net Offer to Public62,68,800 shares (aggregating up to ₹47.02 Cr)
Reserved for Market Maker3,31,200 shares (aggregating up to ₹2.48 Cr)
Pre-IPO Promoter Holding1,70,00,000 shares
Post-IPO Promoter Holding2,36,00,000 shares
About Radhika Jeweltech Ltd.
Incorporated in 2014, Radhika Jeweltech Ltd is a jewellery retailer engaged in the business of manufacture, resale, export and import of Gold, Silver, precious and semi-precious metal ornaments and studded ornaments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Based in Rajkot, the company primarily sell gold jewellery and diamond studded Jewellery.The design and manufacture of their products is done either in house or by third parties on job work basis. Visit chittorgarh.com for more detail. The Company make their product at different price points to cater for all customers across high-end, mid-market and value market segments. Apart from their own Jewellery, they are also dealing in the trading of branded jewellery. The Company deals only in jewellery certified by BIS Hallmark.
Objects of the Issue
Radhika Jeweltech Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
39.00
2
2 General Corporate Purpose
10.00
3
3 Public Issue Expenses
0.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,70,00,000 shares
Post-IPO Promoter Holding
2,36,00,000 shares