Friday, May 25, 2018

Palm Jewels IPO Dates, Price Band, Market Lot, Allotment & Subscription Details

 Friday, May 25, 2018  
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Palm Jewels Ltd is incorporated in 2005 based in Gujarat. The company is a wholesaler of gold jewellery. They sells gold jewellery like chains, necklaces, bracelets and more. They do outsourcing for the jewellery job workers. Their some of the customers are M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers, etc. Palm Jewels ipo is starting from 25-May and ends on 01-June. The price band is around Rs.30 with 4000 market lot. The ipo size is around 8.90 crore rupees.

IPO Review:
  • Avoid
Palm Jewels IPO Dates & Price Band:
  • IPO Open: 25 May 2018
  • IPO Close: 01 June 2018
  • IPO Size: Approx Rs 8.90 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.30 Per Equity Share
  • Listing on: BSE SME
  • Shares: 2,968,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 4,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,20,000
IPO Allotment & Listing:
  • Basis of Allotment: 07-June-2018
  • Refunds: 08-June-2018
  • Credit to demat accounts: 11-June-2018
  • Listing: 12-June-2018
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Financial Results:

  Rs. in Crore
Revenue Expense PAT
2013 1.19 1.19 0.00
2014 0.42 0.42 0.00
2015 0.98 0.99 0.00
2016 1.58 1.57 0.01
2017 5.52 5.50 0.02
2018 (9M) 19.76 19.16 0.44


Grey Market Premium:
  • The grey market is around Rs.N/A Subject to Sauda.
Palm Jewels IPO Subscription Status:
  • IPO Subscribed 1.10 times overall
Palm Jewels IPO Allotment Status:
Company Promoters:
  • Mr. Rohit D. Shah
  • Mr. Chetna R. Shah
Quick Links:
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Red Herring Prospectus

IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: http://karisma.karvy.com
IPO Lead Managers:
  • First Overseas Capital Limited
Company Address:
Palm Jewels Limited
G.F-37, Super Mall
Nr. Diamond, C. O. Hou. Soc. Ltd, Nr. Lal Bunglow
C. G. Road, Ahmedabad - 380001, Gujarat, India
Phone: +91 79 40052056
Email: [email protected]
Website: http://www.palmjewels.com/

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