Eighty Jewellers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’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 Value | Rs 10 |
| Price Band | Rs 41 |
| Listing At | BSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | NA |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1107 Lakhs |
| IPO Size | Rs 1107 Lakhs |
| Tick Size | 1 |
Eighty Jewellers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Eighty Jewellers IPO – Summary
Their 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 / Date | NII | RII | Total Subscription |
| 1st Day – 31st March | 0.72x | 0.07x | 0.40x |
| 2nd Day – 1st April | 0.82x | 0.12x | 0.47x |
| 3rd Day – 4th April | 1.24x | 0.46x | 0.85x |
| 4th Day – 5th April | 2.88x | 2.03x | 2.45x |
| Shares Offered or Net Issue | 1,281,000 | 1,281,000 | 2,562,000 |
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 Finalization | Apr 8, 2022 |
| Refunds Initiation | Apr 11, 2022 |
| Credit of Shares to Demat Account | Apr 12, 2022 |
| Share Listing Date | Apr 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
Open Free Demat Account Now!
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-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 3,398.90 | 3,197.30 | 3,174.94 | 2,745.60 |
| *Total Revenue | 4,436.05 | 7,868.89 | 6,490.63 | 8,192.05 |
| Total Expense | 4,326.30 | 7,371.46 | 6,280.15 | 8,051.47 |
| Profit After Tax | 83.06 | 376.94 | 155.25 | 100.19 |
Earnings per Equity Share (in Million)
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.11 | 5.03 | 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:
- Mr.Tilok Chand Bardia,
- Mr. Nikesh Bardia and
- 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 Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | X Equity Shares |
| Equity Shares outstanding after the Issue | X 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 5.03 | 40.58 | 12.39 |
| 31-Mar-20 | 2.07 | 28.13 | 7.36 |
| Mar-19 | 1.34 | 25.26 | 5.29 |
Eighty Jewellers IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Eighty Jewellers | 10 | [●] | 5.03 | 40.58 | 78.69 |
| Listed Peers | |||||
| Patdiam Jewellery Ltd | 10 | 11.47 | 6.45 | 7.12 | 67.59 |
| Radhika Jeweltech Ltd | 10 | 15.17 | 10.81 | 15.60 | 144.41 |
| DP Abhushan Ltd | 10 | 31.37 | 12.34 | 28.26 | 1218.28 |
| PC Jewellers Ltd | 10 | 17.80 | 1.50 | 1.42 | 2700.01 |
| Kalyan Jewellers India Ltd. | 10 | 42.64 | 1.63 | 4.57 | 7378.37 |
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 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 |
Subscribe to Eighty Jewellers IPO
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.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics