Palm Jewels Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

25 May 2018

Close Date

04 Jun 2018

Allotment

06 Jun 2018

Listing Date

12 Jun 2018

Exchange

BSE SME

Price Band

₹30

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹30

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

29,68,000 shares (aggregating up to ₹8.90 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

44,15,058 shares

Promoters

Post-IPO Holding

73,83,058 shares

Promoters

UPI Deadline

2018-06-04

Mandate

Anchor AllotmentThu, 24 May 2018

Basis of AllotmentWed, 06 Jun 2018

Refund InitiationThu, 07 Jun 2018

Demat CreditThu, 07 Jun 2018

Listing DayTue, 12 Jun 2018

UPI Mandate Deadline2018-06-04

Sale TypeFresh Capital

Net Offer to Public28,16,000 shares (aggregating up to ₹8.45 Cr)

Market Maker Quota1,52,000 shares (aggregating up to ₹0.4560 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Palm Jewels Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 04 Jun 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	152,000	—	₹0.46
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,968,000	100%	₹8.90

IPO Shares Offered

Palm Jewels Ltd. IPO total issue size: ₹8.90 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	152,000	₹0.46	5.12%
Total	2,968,000	₹8.90	100.00%

* Based on upper price band ₹30 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹30.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹240,000
Retail (Max — 13 Lots)	13	52,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	272,000	₹8,160,000

* Issue Price ₹30 × Lot Size 4,000 shares

IPO Schedule

Anchor

24 May 2018

✓ Done

IPO Open

25 May 2018

✓ Done

IPO Close

04 Jun 2018

✓ Done

Allotment

06 Jun 2018

✓ Done

Refunds

07 Jun 2018

✓ Done

Demat Credit

07 Jun 2018

✓ Done

Listing Day

12 Jun 2018

✓ Done

₹30.00

INR · BSE

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Issue ₹30.00 Live Price

About Palm Jewels Ltd.

Incorporated in 2005, Gujarat based Palm Jewels Limited is a company engaged in the wholesale business of gold jewelry. The company sells gold based chains, bracelets, and necklaces. It outsources the manufacturing of the jewelry through job workers based in Ahmedabad and Mumbai. The major raw material used for making the products is gold & silver. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai.The finished jewelry is sold by the company's marketing and sales team directly to other jewelry stores. The jewelry is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy. Some of the major customers include M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers, etc.Palm Jewels currently has 11 employees on its payroll.

Objects of the Issue

1 To meet working capital requirement

Palm Jewels Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹97.9

31-Mar-15

₹157.5

31-Mar-16

₹552.4

31-Mar-17

Profit After Tax (PAT)

₹0.4

31-Mar-15

₹0.5

31-Mar-16

₹1.5

31-Mar-17

Particulars	31-Mar-17	31-Mar-16	31-Mar-15
Revenue from Operations	552.38	157.48	97.91
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	1.54	0.53	0.35
Net Worth	N/A	N/A	N/A
Total Assets	163.08	36.62	35.93
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered29,68,000 (100.00%)

Net Offer to Public28,16,000 shares (aggregating up to ₹8.45 Cr)

Reserved for Market Maker1,52,000 shares (aggregating up to ₹0.4560 Cr)

Pre-Issue Promoter Holding44,15,058 shares

Post-Issue Promoter Holding73,83,058 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

einward.ris@karvy.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

First Overseas Capital Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Palm Jewels Ltd. IPO subscribed? ▲

Palm Jewels Ltd. IPO is subscribed 1.00 times by Jun 04, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Palm Jewels Ltd. IPO retail subscription status? ▼

The Palm Jewels Ltd. IPO retail category is subscribed 1.00 times as of 04 Jun 2018. The retail portion is oversubscribed.

How to subscribe Palm Jewels Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 May 2018 and closes 04 Jun 2018. Min investment: ₹120,000 (1 lot = 4,000 shares). UPI mandate: 2018-06-04.

How many times Palm Jewels Ltd. IPO subscribed? ▼

The Palm Jewels Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Palm Jewels Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Jun 2018. Refunds: on 07 Jun 2018.

When Palm Jewels Ltd. IPO will be listed? ▼

The Palm Jewels Ltd. IPO listing date is 12 Jun 2018, Tuesday. Listed on: BSE SME. Issue price: ₹30. Estimated listing: ₹30. GMP: NIL.

When Palm Jewels Ltd. IPO close? ▼

The Palm Jewels Ltd. IPO closes on 04 Jun 2018, Monday. UPI mandate: 2018-06-04. Allotment: 06 Jun 2018. Listing: 12 Jun 2018.

Quick Actions

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Live Price LIVE

Last Price₹30.00

Change—

Issue Price₹30.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹30

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹30

Subscribed1.00x

Open Date25 May 2018

Close Date04 Jun 2018

Allotment06 Jun 2018

Listing Date12 Jun 2018

ExchangeBSE SME

UPI Deadline2018-06-04