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Bhakti Gems and Jewellery IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 3.92 Cr. The company is based in Ahmedabad and caters to Jewellery sector. Guiness Corporate Advisors is the merchant banker of Bhakti Gems and Jewellery IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 15th April 2017.
Bhakti Gems and Jewellery IPO open date is 17th May 2017 and close date is 22nd May 2017. IPO Allotment Date is 30th November -0001 and Listing date is 30th May 2017.
IPO
Size:
₹ 3.92 Cr.
Avg IPO Size (Sector Based)
: ₹
16.69 cr.
Sector: Jewellery
SME
IPO so far:
45
Merchant Banker:
Guiness Corporate
SME
IPO by BRLM so far:
47
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹
22.51
cr. 
PE
Ratio:
25.00x
Average Sector PE Ratio: 24.28x
Bhakti Gems and Jewellery IPO size is ₹ 3.92 Cr. with IPO price of ₹ 20.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Guiness Corporate Advisors Private Limited is the book-running lead manager of the Bhakti Gems and Jewellery IPO. NSDL Database Management Limited is the Registrar and Market Maker is Guiness Securities Limited for Bhakti Gems and Jewellery IPO.
Bhakti Gems and Jewellery IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Bhakti Gems and Jewellery IPO, based in Ahmedabad, operates in the Jewellery sector with a focus on manufacturer wholesaler and supplier of gold jewellery. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Bhakti Gems and Jewellery IPO size is ₹ 3.92 Cr. with fresh issue size of ₹ 4 and Offer for sale being ₹ Nil
The IPO allotment date for Bhakti Gems and Jewellery IPO is expected to be 30th November -0001, after the finalization of basis of allotment. Investors can check Bhakti Gems and Jewellery IPO allotment status on the registrars website, NSDL Database Management Limited . Bhakti Gems and Jewellery IPO refund dates are 30th November -0001.
Bhakti Gems and Jewellery IPO is expected to be listed on 30th May 2017.
The upper price band for the Bhakti Gems and Jewellery IPO is set at ₹ 20.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Bhakti Gems and Jewellery IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Bhakti Gems and Jewellery IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 22nd May 2017. After submission, funds are blocked until the basis of allotment of Bhakti Gems and Jewellery IPO is finalised.
The merchant banker for Bhakti Gems and Jewellery IPO is Guiness Corporate Advisors Private Limited . Guiness Corporate Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Bhakti Gems and Jewellery IPO RHP for further details.
The registrar for Bhakti Gems and Jewellery IPO is NSDL Database Management Limited . Investors can go to NSDL Database Management Limited registrar website for IPO allotment status, refund processing, and other queries related to Bhakti Gems and Jewellery IPO through their official website or helpline.
Bhakti Gems and Jewellery IPO was subscribed 0.00 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 3.92 Cr.
Avg IPO Size (Sector Based)
:
₹ 16.69 Cr.
Sector: Jewellery
SME
IPO so far:
45
Merchant Banker:
Guiness Corporate
SME
IPO by BRLM so far:
47
City:
Ahmedabad
SME
IPO so far:
182
Revenue (annualised):
₹ 22.46 cr.
PE
Ratio:
25.00x
Average Sector PE Ratio: 24.28x
Bhakti Gems and Jewellery IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Bhakti Gems and Jewellery Financial Review Page
Merchant Banker(s) of Bhakti Gems and Jewellery IPO: Guiness Corporate Advisors Private Limited
Bhakti Gems and Jewellery IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Bhakti Gems and Jewellery IPO listed at a listing price of 20.05 against the offer price of 20.00.
The current market price of Bhakti Gems and Jewellery is 18.43.
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