91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

Palm Jewels IPO (Palm Jewels Limited IPO) Detail

Palm Jewels IPO is a Fixed Price IPO listing on BSE SME exchange, with an ipo size of ₹ 8.90 Cr. The company is based in Ahmedabad and caters to Jewellery sector. First Overseas Capital is the merchant banker of Palm Jewels IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 20th April 2018.

Palm Jewels IPO open date is 25th May 2018 and close date is 4th June 2018. IPO Allotment Date is 6th June 2018 and Listing date is 12th June 2018.

IPO Category : SME
Exchange : BSE SME
Issue Type : Fixed Price

IPO Key Highlights

  • IPO Size: ₹ 8.90 Cr. Avg IPO Size (Sector Based) : ₹ 14.82 cr.
  • Sector: Jewellery SME IPO so far: 44
  • Merchant Banker: First Overseas SME IPO by BRLM so far: 51
  • City: Ahmedabad SME IPO so far: 180
  • Revenue (annualised): ₹ 1.06 cr.
            PAT: (annualised): ₹ 0.00 cr. Read Financial Information >>
  • PE Ratio: 46.00x Average Sector PE Ratio: 24.67x

Palm Jewels IPO Date

Date of DRHP:
20th April 2018
IPO Open Date:
25th May 2018
IPO Close Date:
4th June 2018
IPO Allotment Date:
6th June 2018
Initiation of Refund:
7th June 2018
IPO Listing Date:
12th June 2018

Palm Jewels IPO Info, Size, Subscription

Palm Jewels IPO size is ₹ 8.90 Cr. with IPO price of ₹ 30.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 8.90 Cr.

Issue Price:
₹ 30.00

Market Capitalisation :
[●]

PE multiple :
46.00

Subscription :
1.16 times

Pre Issue Promoter Holding :
92.80 %

Post Issue Promoter Holding :
55.54 %

Palm Jewels IPO Information

Sub Sector : wholesale business of gold jewellery
Plam Jewels is engaged in the wholesale business of gold jewellery. Their registered office and business of operation is based in Ahmedabad. They essentially sell gold based chains, bracelets and necklaces. They outsource the manufacturing of their jewellery through job workers based in Ahmedabad and Mumbai. The major raw material used for making their products is gold & silver. They procure gold & silver majorly through the bullion market and partially from the local markets in Ahmedabad. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai. However, no formal agreement has been executed with either of these job workers. The finished jewellery is sold by their marketing and sales team directly to other jewellery
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Object of Issue (Palm Jewels IPO Objectives)

  • To meet the working capital requirement
  • To meet the expenses of the Issue

First Overseas Capital Limited is the book-running lead manager of the Palm Jewels IPO. Kfin Technologies Limited is the Registrar and Market Maker is Beeline Broking Ltd for Palm Jewels IPO.

Palm Jewels IPO Market Maker

Beeline Broking Ltd

Palm Jewels IPO Registrar (RTA)

Kfin Technologies Limited

Palm Jewels IPO Lead Manager (BRLM)

First Overseas Capital Limited

Palm Jewels IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is Palm Jewels IPO?

Palm Jewels IPO, based in Ahmedabad, operates in the   Jewellery sector with a focus on wholesale business of gold jewellery. The company is launching its SME IPO on the BSE SME exchange, using the Fixed Price Issue method. Palm Jewels IPO size is ₹ 8.90 Cr. with fresh issue size of ₹ 8.90 Cr. and Offer for sale being ₹ Nil

When is Palm Jewels IPO allotment?

The IPO allotment date for Palm Jewels IPO is expected to be 6th June 2018, after the finalization of basis of allotment. Investors can check Palm Jewels IPO allotment status on the registrars website, Kfin Technologies Limited . Palm Jewels IPO refund dates are 7th June 2018.

When is Palm Jewels IPO listing date?

Palm Jewels IPO is expected to be listed on 12th June 2018.

What is the price band for Palm Jewels IPO?

The upper price band for the Palm Jewels IPO is set at ₹ 30.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is Palm Jewels IPO Review?

For IPO analysis on Palm Jewels 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.

How to Apply for Palm Jewels IPO?

To apply for the Palm Jewels 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 4th June 2018. After submission, funds are blocked until the basis of allotment of Palm Jewels IPO is finalised.

Who is the merchant banker of Palm Jewels IPO?

The merchant banker for Palm Jewels IPO is First Overseas Capital Limited . First Overseas Capital Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Palm Jewels IPO RHP for further details.

Who is the Registrar of Palm Jewels IPO?

The registrar for Palm Jewels IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Palm Jewels IPO through their official website or helpline.

What is the Palm Jewels IPO subscription?

Palm Jewels IPO was subscribed 1.16 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

Palm Jewels IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Palm Jewels Financial Review Page

Palm Jewels IPO subscription was 1.16 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.

Palm Jewels IPO listed at a listing price of 35.85 against the offer price of 30.00.

The current market price of Palm Jewels is 28.17.

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