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Let’s have a detailed review of the company and analytics of the Eighty Jewellers IPO release date, IPO offer price, subscription, Eighty Jewellers IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs 41
Listing AtBSE, SME
Min. Order Quantity3000 Shares
Listing DateNA
Offer for SaleRs Lakhs
Fresh IssueRs 1107 Lakhs
IPO SizeRs 1107 Lakhs
Tick Size1

Eighty Jewellers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Eighty Jewellers IPO – Summary

Eighty Jewellers IPOTheir Company was incorporated as Eighty Jewellers Private Limited under the Companies Act, 1956, with a certificate of incorporation issued by the Registrar of Companies, Madhya Pradesh and Chhattisgarh, on September 15, 2010 having CIN: U27205CT2010PTC022055.

Thereafter, the Company was converted from private limited company to public limited company vide special resolution passed by the shareholders of their Company on October 12, 2021 and the name of the Company was changed from “Eighty Jewellers Private Limited” to “Eighty Jewellers Limited” vide fresh certificate of incorporation issued by the Registrar of Companies, Chhattisgarh on October 29, 2021 having CIN: U27205CT2010PLC022055.


Eighty Jewellers IPO Date

The opening and the closing date of Eighty Jewellers IPO are Mar 31, 2022 and Apr 5, 2022.


Eighty Jewellers IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 31st March0.72x0.07x0.40x
2nd Day –  1st April0.82x0.12x0.47x
3rd Day – 4th April1.24x0.46x0.85x
4th Day – 5th April2.88x2.03x2.45x
Shares Offered or Net Issue1,281,0001,281,0002,562,000

The shares subscribed by the public will be updated here.

Check Eighty Jewellers IPO LIVE Subscription

  • Eighty Jewellers IPO LIVE Bid details on BSE
  • Eighty Jewellers IPO LIVE Bid details on SME

For the Latest Bid details click on the above links.


Eighty Jewellers IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Eighty Jewellers IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationApr 8, 2022
Refunds InitiationApr 11, 2022
Credit of Shares to Demat AccountApr 12, 2022
Share Listing DateApr 13, 2022

Eighty Jewellers IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.41


Eighty Jewellers IPO Equity Size

This Initial Public Issue of 2,700,000 Equity Shares of Rs.10 each for cash at a price of Rs.41  per equity share aggregating to Rs.1107 Lakhs.


Eighty Jewellers IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,700,000 Equity Shares of Rs.10/ each.

Issue Size: 2,700,000 Equity Shares of Rs.10 each, aggregating to Rs.1107 Lakhs


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    Eighty Jewellers IPO – Live Performance

    The listing date of this IPO is Apr 13, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Eighty Jewellers Share Price

    Eighty Jewellers IPO Grey Market Premium

    The Eighty Jewellers IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Eighty Jewellers IPO – Company Overview

    Eighty Jewellers Limited was originally incorporated as a private limited company in the name of ‘Eighty Jewellers Private Limited’ under the Companies Act, 1956 pursuant to Certificate of Incorporation dated September 15, 2010 issued by the Registrar of Companies, Chhattisgarh.

    Their company has been converted into a public limited company under the Companies Act, 2013 and their name has been changed to Eighty Jewellers Limited pursuant to a fresh certificate of incorporation consequent upon conversion to public limited company dated October 29, 2021 issued by the Registrar of Companies, Chhattisgarh.


    Eighty Jewellers IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Total Assets3,398.903,197.303,174.942,745.60
    *Total Revenue4,436.057,868.896,490.638,192.05
    Total Expense4,326.30 7,371.466,280.158,051.47
    Profit After Tax83.06376.94155.25100.19

    Earnings per Equity Share (in Million)

    30-Sept-2131-Mar-21Mar-2031-Mar-19
    Basic & Diluted1.115.03 2.07 1.34

     

    Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.83.06 Lakhs, Rs.376.94 Lakhs, Rs.155.25 Lakhs and Rs.100.19 Lakhs respectively.


    Eighty Jewellers IPO – Promoters

    The Promoter of this company is:

    1. Mr.Tilok Chand Bardia,
    2. Mr. Nikesh Bardia and
    3. Mr. Nitin Kumar Bardia.

    List of Related Parties (Key Managerial Personnel)

    • Mr. Nikesh Bardia, Chairman & Managing Director 
    • Mr. Nitin Kumar Bardia, Whole Time Director
    • Mrs. Ankita Bardia, Non-Executive Director
    • Mr. Mahesh Jain, Independent Director
    • Mr. Pawan Bardia, Independent Director

    Eighty Jewellers IPO – Promoters Holding

    • Pre Issue Share Holding – 100%
    • Pos Issue Share Holding – %

    Eighty Jewellers IPO Offer Details or Issue Details

     Particulars No. Of Equity Shares
     Equity Shares Offered Up to 27,00,000 Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the IssueX Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Eighty Jewellers IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To meet Working Capital requirements
    2. General Corporate Purpose
    3. To meet issue expenses

    Eighty Jewellers IPO – Business Strategy

    • Expanding their retail network
    • Increase focus on Online sale of Jewellery
    • Continue to maintain strong relationships with their customers
    • Consistently meeting the purity and quality
    • To build-up a professional organization

    Eighty Jewellers IPO – Basis of 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:

    • Use of the established Brand name;
    • Cordial relationship with their customers;
    • Experience of their Promoters;
    • Design, Innovation and Product range; and
    • Prime Location of their Showroom

    The relevant quantitative factors are:

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-215.03 40.5812.39
    31-Mar-202.0728.137.36
    Mar-191.3425.265.29

    Eighty Jewellers IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
    Eighty Jewellers10[●]5.0340.5878.69
    Listed Peers
    Patdiam Jewellery Ltd1011.476.457.1267.59
    Radhika Jeweltech Ltd1015.1710.8115.60144.41
    DP Abhushan Ltd1031.3712.3428.261218.28
    PC Jewellers Ltd1017.801.501.422700.01
    Kalyan Jewellers India Ltd. 1042.641.634.577378.37

    Eighty Jewellers IPO Lead Managers

    Lead Managers
    HEM SECURITIES LIMITED
    904,A Wing, Naman Midtown, SenapatiBapat Marg,
    Elphinstone Road, Lower Parel, Mumbai-400013, India
    Tel. No.: +91- 022- 49060000
    Fax No.: +91- 022- 22625991
    Website: www.hemsecurities.com
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Contact Person :Mr. Sourabh Garg
    SEBI Regn. No. INM000010981

    Eighty Jewellers IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    Address:-1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis, Makwana Road,
    Marol, Andheri East, Mumbai – 400059
    Tel No.:+91-022-62638200
    Fax No.: +91-022-62638299
    Website:www.bigshareonline.com
    Email:ipo@bigshareonline.com
    Contact Person: Mr. Swapnil Kate
    SEBI Regn. No.: INR000001385

    Eighty Jewellers IPO – Other Details

    • Statutory Auditor – Singhal & Sewak,
    • Legal Counsel to the Company – Singhi&Singhi Law Chambers LLP
    • Bankers to the Company –  NA


    Eighty Jewellers IPO Review by Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      Eighty Jewellers IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Eighty Jewellers IPO Review FAQs

      Ques – What is the Issue Size of Eighty Jewellers IPO?

      Answer – The Company is making an initial public offer of 2,700,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

      Ques – What is the Price band of Eighty Jewellers IPO?

      Answer – The price band for this particular IPO ranges between Rs.41. As far as the face value of the share is of concern, it is Rs.10 per share.

      Ques – What is the Eighty Jewellers IPO Open Date?

      Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 31, 2022, while the closing date is set at Apr 5, 2022.

      Ques – What is the Eighty Jewellers IPO Allotment Date?

      Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Apr 8, 2022, refund initiation is on Apr 11, 2022, credit of shares is on Apr 12, 2022, and share listing date is on Apr 13, 2022.

      Ques – What is the Eighty Jewellers IPO Listing Date?

      Answer – Shares of this company shall be listed in the exchanges Apr 13, 2022. The date, when the listing would be done, is stagnant on Apr 13, 2022.

      Ques – Who is the Registrar of Eighty Jewellers IPO?

      Answer – One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Ques – Who is the Promoter of Eighty Jewellers IPO?

      Answer – Here are the promoters of this IPO – Mr.Tilok Chand Bardia, Mr. Nikesh Bardia and Mr. Nitin Kumar Bardia.. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      Ques – What is GMP of Eighty Jewellers IPO?

      Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Ques – Is Eighty Jewellers IPO good for Investment?

      Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      Ques – What is the PAT of Eighty Jewellers Company?

      Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 376.94, 2020 is 155.25, 2019 is 100.19. PAT from Sep 2021 is 83.06.


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