Creative Gems and Jewellery IPO – Allotment, Subscription, GMP & more
Last Updated Date: Nov 16, 2022Creative Gems and Jewellery Limited is a diamond studded jewellery manufacturing company based in Mumbai having retail showroom clients on a pan-India basis as well as globally.It is primarily a B2B business model the company expertise and focus is CNC technology driven and customized hand crafted jewellery. The factory is located at Virwani Industrial Estate, Goregaon, Mumbai . Creative Gems and Jewellery IPO comprises of 16,20,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Creative Gems and Jewellery IPO release date, IPO offer price, subscription, Creative Gems and Jewellery IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Creative Gems and Jewellery IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Creative Gems and Jewellery IPO
Creative Gems and Jewellery Limited is a diamond studded jewellery manufacturing company based in Mumbai having retail showroom clients on a pan-India basis as well as globally. Primarily a B2B business model their expertise and focus is CNC technology driven and customized hand crafted jewellery. The factory is located at Virwani Industrial Estate, Goregaon, Mumbai . The Issue comprises of a Public Issue of 16,20,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 32.30% and 166.79%, respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.1,244.29 Lakhs, Rs. 2,880.25 Lakhs and Rs.2,176.94 Lakhs, respectively representing growth of 32.30 % from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs.147.22 Lakhs, Rs. 361.30 Lakhs and Rs 135.42 Lakhs, respectively, representing a growth of 166.79 % from the FY 2015-16 to FY 2016-17.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 1.31 Lakhs as against Rs. 12.24 Lakhs for the financial year 2016-17 .
- Company’s Net Profit after tax for the year 2016-17 is Rs. 85.52 Lakhs from the year 2015-16 of Rs. 193.07 Lakhs .
The Promoter of this company is Mr. Ketan Nalinkant Shah, Mrs. Sonal Ketan Shah and Mr. Priyank Ketan Shah. The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is Bigshare Services Private Limited .
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Creative Gems and Jewellery IPO Date
The opening and the closing date of Creative Gems and Jewellery Limited IPO is not known yet.
Creative Gems and Jewellery IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Creative Gems and Jewellery IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Creative Gems and Jewellery IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Creative Gems and Jewellery IPO Equity Share Offering
16,20,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Creative Gems and Jewellery Limited – Company Overview
Creative Gems and Jewellery Limited is a diamond studded jewellery manufacturing company based in Mumbai having retail showroom clients on a pan-India basis as well as globally. Primarily a B2B business model their expertise and focus is CNC technology driven and customized hand crafted jewellery. The factory is located at Virwani Industrial Estate, Goregaon, Mumbai .
The Company brand is in the name of Diyaan through which they market an array of collections varying from bangles, bracelets, hoops, bands, rings, bands, necklaces, chokers to chandeliers, earrings, brooches and pendants. Computerized Numerically Controlled CNC Technology gives light-weight jewelry with impeccable precision, quality & strength.
The Company is promoted by Mr. Ketan Nalinkant Shah, Mrs. Sonal Ketan Shah and Mr. Priyank Ketan Shah and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Creative Gems and Jewellery Limited :
- Exclusive Curated Designs
- Excellent Finishing:
- In-House Infrastructure:
- Technology Driven
- Technology Driven
- Ethical & Best Practices
- Extensive Sample Line:
Business strategies of Creative Gems and Jewellery Limited :
- Appointments with the owners and/or purchase managers of showrooms
- Participation in national trade shows like IIJS as well as global trade shows like JCK
- Regular sales-trips pan-India to showcase latest collection and get feedback of products and know the latest trends
- Promotion through print media like catalogues, magazines
- Arranging factory tour for new clients
- Digital promotion through our website and social media
Creative Gems and Jewellery Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1,950.62 | 1,371.42 | 1,519.54 | 985.93 | 887.93 |
| Total Revenue | 2,892.49 | 2,182.76 | 1,882.07 | 1,384.11 | 1,867.28 |
| Total Expense | 2,513.90 | 2,031.23 | 1,787.42 | 1,289.18 | 1,765.70 |
| Profit After Tax | 193.07 | 45.8 6 | 36.19 | 32.98 | 41.16 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-16 | 31-Mar-17 | 31-Mar-18 | |
| Basic & Diluted(Pre Bonus ) | 48.25 | 57.72 | 5.98 |
| Basic & Diluted(Post Bonus ) | 1.10 | 1.31 | 5.98 |
From the above statements, one could find that the Creative Gems and Jewellery Limited may perform well.
Creative Gems and Jewellery IPO – Promoters
The Promoter of this company are:
- Mr. Ketan Nalinkant Shah
- Mrs. Sonal Ketan Shah
- Mr. Priyank Ketan Shah
List of Related Parties (Key Managerial Personnel)
- Mr. Ketan Nalinkant Shah Promoter and Managing Director
- Mr. Priyank Ketan Shah Whole Time Director Head of Operations
- Ms. Anita Renuse Company Secretary & Compliance Officer
- Mr. Shankar Chavan
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Creative Gems and Jewellery IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 16,20,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs[•]/- each aggregating to Rs. [•] Lakhs |
| Of which: | |
| Reserved for Market Makers | 82,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs |
| Net Issue to the Public | 15,38,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs |
| Of which: | |
| Retail Investors Portion | 7,69,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs * |
| Non-Retail Investors Portion | 7,69,000 Equity Shares of Rs. 10/- each at an Issue Price of Rs. [•] each aggregating to Rs. [•] Lakhs |
| Equity Shares outstanding prior to the Issue | 32,89,500 Equity Shares of Rs. 10/- each |
| Equity Shares outstanding after the Issue | 49,09,500 Equity Shares of Rs. 10/- each |
Creative Gems and Jewellery IPO Issue Object
These are the IPO Issue Objects of the company
- To meet the Working Capital Requirements
- General Corporate Purposes
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| R R Industrial IPO | Sorich Foils IPO | 20 Microns IPO |
Creative Gems and Jewellery IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Exclusive Curated Designs
- High Standard of Quality Control
- In-House Infrastructure
- Use of Latest Technology
- Delivery on time
- Huge Design Database
- Extensive Sample Line
The relevant quantitative factors are:
| Basic & Diluted EPS(Pre Bonus) | Basic & Diluted EPS (Post Bonus) | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 48.25 | 1.10 | 12.83 | 16.06 |
| 31-Mar-17 | 57.72 | 1.31 | 13.31 | – |
| 31-Mar-18 | 5.98 | 5.98 | 37.21 | – |
Creative Gems and Jewellery IPO – Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| Bhakti Gems and Jewellery Limited | 10 | 0.27 | 70 | 0.00 | 328.5 |
| Narbada Gems and Jewellery Limited | 10 | 1.5 | 173.6 | 21.27 | 263.30 |
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| Nazara Technologies IPO | Genius Consultants IPO | Rail Vikas Nigam IPO | Varroc Engineering IPO |
Creative Gems and Jewellery IPO Lead Managers
| Lead Managers |
| MARK CORPORATE ADVISORS PRIVATE LIMITED CIN: U67190MH2008PTC181996 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Contact Person: Mr. Manish Gaur Tel. No.: +91 22 2612 3207/08 E-Mail ID: smeipo@markcorporateadvisors.com SEBI Regn No.: INM000012128 Investor Grievance E-Mail ID: compliance@markcorporateadvisors.com |
Creative Gems and Jewellery IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED CIN: U99999MH1994PTC076534t 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makhwana Road, Marol, Andheri (E), Mumbai-400 059. Contact Person: Mr. Ashok S Shetty Tel No.: +91 22 2847 0652/4043 0200 E-Mail ID: ipo@bigshareonline.com SEBI Regn No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s. Aniket Kulkarni & Associates Chartered Accountants
- Peer Review Auditor – Dalal and Kala Associates, Chartered Accountants
- Bankers to the Company – State Bank of India
Creative Gems and Jewellery IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Creative Gems and Jewellery IPO Grey Market Premium
The Creative Gems and Jewellery IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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