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Bhakti Gems and Jewellery Ltd IPO (BGJL IPO) Details

Bhakti Gems and Jewellery Ltd IPO (BGJL IPO) Details - Apply IPO

Bhakti Gems and Jewellery Ltd IPO (BGJL IPO) Details:

Bhakti Gems and Jewellery Ltd is a integrated Manufacturer and Wholesaler of branded Jewellery & Ornaments. Their portfolio of products includes Gold jewellery with or without studded precious and semi-precious stones.

They source their raw materials from local markets in Ahmedabad. Raw gold is generally purchased from the bullion market which is then designed and molded into gold traditional & modern jewellery. Other raw material like kundan, gems stones, American diamonds etc is purchased from their suppliers.

Most of their jewelleries are designed in a traditional manner as the demand for traditional jewellery is very high in the local markets of Ahmedabad and nearby localities.

Objects of the Issue:

The Issue Proceeds from this issue will be utilized towards the following objects:

  1. Funding working capital requirements of the Company;
  2. Issue Expenses.
Bhakti Gems and Jewellery Ltd IPO (BGJL IPO) Details:
  1. Issue Open: May 17, 2017 – May 22, 2017
  2. Issue Type: Fixed Price Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size: 1,962,000 Equity Shares of Rs 10 aggregating up to Rs 3.92 Cr
  5. Issue Price: Rs 20 Per Equity Share
  6. Market Lot:  6000 Shares
  7. Minimum Order Quantity: 6000 Shares
  8. Listing At: BSE SME

Book Running Lead Manager:

GUINESS CORPORATE ADVISORS PRIVATE LIMITED

18 Deshapriya Park Road,

Kolkata – 700 026, West Bengal, India

Tel: +91 – 33 – 3001 5555 Fax: +91 – 33 – 3001 5531

Email:gcapl@guinessgroup.net

REGISTRAR TO THE ISSUE:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED

A49, Gundecha Onclave, Kherani Road,

Sakinaka, Mumbai-400 072

Tel: +91-22- –28511022/62215779

E-mail: Mumbai@skylinerta.com

Investor Grievance Email: grievances@skylinerta.com

Red Herring Prospectus (RHP) Of Bhakti Gems and Jewellery Ltd IPO (BGJL IPO):

Bhakti Gems and Jewellery IPO (BGJL IPO) Prospectus

Market Update:

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While now Shankara Building Products IPO Allotment and Listing also completed and it gave good 37.57% premium on first day itself. Now S Chand and Company Ltd IPO also listed on stock market. Housing and Urban Development Corporation Ltd IPO (HUDCO) bidding is also over now. Now HUDCO IPO Allotment and Listing will be in process.

While HUDCO Grey Market Premium (GMP) also started showing movement and currently trading at Rs 25 – Rs 25.50 per equity share.

PSP Projects Ltd(PPL) IPO bidding will be active from May 17, 2017 – May 19, 2017.

IRB Infra Invit Fund IPO bidding also able to close successfully on May 05, 2017.

Next in the pipeline will be Central Depository Services Ltd IPO (CDSL IPO)  and Continental Warehousing Corporation Ltd IPO (Nhava Seva IPO).

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

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