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.
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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
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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/
