Goenka Diamond & Jewels Ltd IPO : Sets IPO price band at Rs 135-145/share

by khalid on 22/03/2010 · 1 comment

Goenka Diamond & Jewels Limited has fixed price band at Rs 135-145/share for its IPO which is going to open on 23rd March 2010. The company is entering into primary market with an Initial Public Offer (IPO) of 10 million equity shares of Rs 10 each. The premium of the issue will be decided through a 100% Book Building Process.

The proceeds of the IPO will be used to meet the expenses of establishing stores for our G WILD brand, to meet the expenses of establishing stores for our CERES brand (¯CERES stores), to meet working capital requirements for jewellery business, to meet the expenses of establishing a jewellery manufacturing facility in Mumbai, to meet the expenses of establishing a diamond processing facility in Mumbai and further invest in the equity capital of our Subsidiary.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 23rd Mar 2010
Issue Closes : 26th Mar 2010
Issue Type : 100% Book Building Issue
Issue Size : 10000000 Equity Shares of Rs 10 each
Issue Size : Rs. 135 crores to Rs 145 crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 135 – Rs. 145 Per Equity Share
Market Lot : 40 Equity Shares
Minimum Order Quantity : 40 Equity Shares
Listing At : BSE, NSE

Book running lead managers to the issue is SBI Capital Markets Limited

Registrar of the Issue is Karvy Computershare Private Limited, Hyderabad.

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