Shree Ganesh Jewellery House Ltd IPO : Opening on 19th March 2010

by khalid on 18/03/2010 · 1 comment

Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. The company is entering into primary market with an Initial Public Offer (IPO) of Rs 371.02 crores at the lower band of the issue and Rs 385.29 crores at the upper band of the issue. The IPO is opening on 19th March 2010 and the shares will be available for subscription up to 23rd March 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has already been fixed by the company and it is Rs 260 at the lower level Rs 270 at the upper level.

The proceeds of the IPO will be used for Setting up a manufacturing unit at Mondalpara, West Bengal for the manufacture of plain and studded gold jewellery with an annual installed capacity of 450 kgs of gold, Setting up a new manufacturing unit at Domjur, West Bengal with an annual installed capacity of 2,000 kgs of diamond studded jewellery, Expansion of manufacturing facility at Manikanchan SEZ by setting up of a facility for the manufacture of diamond studded jewellery with an annual installed capacity of 1,000 kgs of gold and 75,000 carats of diamond, Setting up retail outlets for sale of jewellery manufactured by our Company and meeting marketing costs, and to meet the working capital requirement.

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 : 19th Mar 2010 – 23rd Mar 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 14269831 Equity Shares of Rs 10 each
Issue Size : Rs. 371 Crores – Rs. 385 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 260 – Rs. 270 Per Equity Share
Market Lot :
Minimum Order Quantity :
Listing At : BSE, NSE

Book running lead managers to the issue are Axis Bank Limited and ICICI Securities Limited.

Registrar of the Issue is Link Intime India Private Ltd, Mumbai.

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Sustique Lines January 20, 2011

It amazed me to hear this info. A lot of investor would invest here.

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