Shubhlaxmi Jewel Art IPO – Review, Allotment, Subscription, GMP & more

Shubhlaxmi Jewel Art Limited are engaged in the retail and wholesale business of various jewelleries and ornaments made out of gold, silver, diamond and platinum studded with precious and semi-precious stones. Shubhlaxmi Jewel Art IPO comprises Offer of Public Issue Upto 25,04,000 Equity Shares of face value Rs. 10/- each fully paid of the Company for the cash at price of Rs.[●] per Equity Share aggregating upto Rs [●] lakhs.

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


Shubhlaxmi Jewel Art 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 Shubhlaxmi Jewel Art Limited IPO

Shubhlaxmi Jewel Art IPOShubhlaxmi Jewel Art Limited are engaged in the retail and wholesale business of various jewelleries and ornaments made out of gold, silver, diamond and platinum studded with precious and semi-precious stones. Their portfolio includes necklace, mangalsutra, patla, chains, mala, kandoro, pancho, payal, rings,armlets, pendants, bracelets, bangles and other jewelleries. The Offer comprises upto 25,04,000 Equity Shares of face value Rs. 10/- each fully paid of the Company for the cash at price of Rs.[●] per Equity Share aggregating upto Rs [●] lakhs.

From FY 2013-14 to FY 2016-2017, as per the Restated Financial Statements,

  • For the three months ended May 31, 2018 and Fiscals 2018 and 2017, the total income was Rs. 4,684.92 lakhs, Rs. 4343.54 lakhs and Rs. 4743.39 lakhs, respectively.
  • The pre-issue net worth as on May 31 , 2018 and March 31, 2018, as per the Restated Financial Statements included in this Draft Red Herring Prospectus is Rs. 583.70 lakhs and Rs. 554.89 lakhs, respectively.
  • The net asset value per Equity Share as on May 31, 2018 and March 31, 2018, as per the Restated Financial Statements included in this Draft Red Herring Prospectus is Rs. 10.06 and Rs. 9.57 respectively.
  • For the three months ended May 31, 2018 and Fiscals 2018 and 2017, the net profit after tax was Rs. 3.70 lakhs, Rs. 82.43 lakhs and Rs. 64.80 lakhs, respectively.

The Promoters of this company are Narendrasinh Chauhan and Jitendrakumar Chauhan. The lead manager to the issue is Pantomath Capital Advisors Private Limited and the Registrar to this issue is Link Intime India Private Limited.


Subscribe to Shubhlaxmi Jewel Art IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker



Shubhlaxmi Jewel Art IPO Date

The opening and the closing date of Shubhlaxmi Jewel Art Limited IPO is not known yet.


Shubhlaxmi Jewel Art IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
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.


Shubhlaxmi Jewel Art IPO Allotment Status

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


Shubhlaxmi Jewel Art IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Shubhlaxmi Jewel Art IPO Equity Share Offering

Upto 25,04,000 Equity Shares of face value Rs. 10/- each fully paid of the Company for the cash at price of Rs.[●] per Equity Share aggregating upto Rs [●] lakhs.


Shubhlaxmi Jewel Art Limited – Company Overview

Shubhlaxmi Jewel Art Limited are engaged in the retail and wholesale business of various jewelleries and ornaments made out of gold, silver, diamond and platinum studded with precious and semi-precious stones. Their portfolio includes necklace, mangalsutra, patla, chains, mala, kandoro, pancho, payal, rings,armlets, pendants, bracelets, bangles and other jewelleries. Their products have presence across different price points cater to customers across high end markets, mid market, value segments. The ornaments are also made to order as per the customers and the same are manufactured by the third party manufacturers on a job work basis.

In addition to their retail operations they also sell the jewelleries on a wholesale basis to the other retailers in Gujarat. Their showroom is in Bhavnagar, Gujarat and also they are setting up their manufacturing plant in Bhavnagar, Gujarat to cater the demands of local customers.

Their wide range of product offerings cater to diverse customer segments from the high end to mid market and value market segment. Their portfolio consists of Rajasthani, Junagadhi, Bridal, potka, fine pearl and other antique jewellery items.

The Company is promoted by Narendrasinh Chauhan and Jitendrakumar Chauhan and are the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Shubhlaxmi Jewel Art Limited:

  • Wide range of products
  • Strong understanding of customer preference
  • Quality of their products
  • Experienced promoters

Business strategies of Shubhlaxmi Jewel Art Limited:

  • Continue to invest in their marketing and brand building initiatives.
  • Focus on product innovation
  • Setting up of manufacturing facility.
  • Continue to focus on their existing customers
  • Consistently meeting quality and purity

Shubhlaxmi Jewel Art 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 1781.95 1480.17 1543.42 1524.08 1188.30
Total Revenue 4,684.91 4343.54 4743.38 4514.00 697.57
Total Expense 4557.66 4249.35 4689.66 4322.34 692.69
Profit After Tax 82.43 64.80 36.78 129.22 3.35

Earnings per Equity Share (in lakhs)

31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Basic & Diluted 1.42 1.12 0.63 2.23

From the above statements, one could find that the Shubhlaxmi Jewel Art Limited may perform well.


Shubhlaxmi Jewel Art IPO – Promoters

The Promoters of this company are:

  • Narendrasinh Chauhan
  • Jitendrakumar Chauhan

List of Related Parties (Key Managerial Personnel)

  • Narendrasinh Chauhan
  • Jitendrakumar Chauhan
  • Jagrutiben Chauhan
  • Kajal Chauhan
  • Bhadreshkumar Dave
  • Ramkrushn Champaneri
  • Rakesh Soni
  • Snehalben Jani

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.


Shubhlaxmi Jewel Art IPO Offer Details or Issue Details

Particulars  No. Of Equity Shares
 Equity Shares Offered  Upto 25,04,000 Equity Shares of face value Rs. 10/- each fully paid of the Company for the cash at price of Rs.[●] per Equity Share aggregating upto Rs [●] lakhs.
 Of which:
 Reserved for Market Makers  Upto [●] Equity Shares of face value Rs. 10/- each fully paid of the Company for the cash at price of Rs.[●] per Equity Share aggregating upto Rs [●] lakhs.
 Net Issue to the Public  Upto [●] Equity Shares of face value Rs. 10/- each fully paid of the Company for the cash at price of Rs.[●] per Equity Share aggregating upto Rs [●] lakhs.
 Of which:
 Retail Investors Portion  Upto [●] Equity Shares of face value of Rs. 10/- each  (available for allotment to Retail Individual Investors of up to Rs. 2.00 Lacs)
 Non-Retail Investors Portion Upto [●] Equity Shares of face value of Rs. 10 /- each  (available for allocation to investors up to Rs. 2.00 Lacs)
 Equity Shares outstanding prior to the Issue 58,00,000 Equity Shares
 Equity Shares outstanding after the Issue [●] Equity Shares

Shubhlaxmi Jewel Art IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding the Working Capital requirements of the Company:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company; and
  •  General Corporate Purposes

List of Upcoming IPOs in 2018

Pommys Garments IPO Indo US Biotech IPO Medibios Laboratories IPO Hariom Pipe IPO
R R Industrial IPO Sorich Foils IPO 20 Microns IPO Shree Vasu Logistics IPO

Shubhlaxmi Jewel Art 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:

  • Wide range of products
  • Strong understanding of customer preference
  • Quality of their products
  • Experienced promoters

The relevant quantitative factors are:

Basic & Diluted EPS RONW (%) NAV (Rs.)
31-Mar-16 0.63 11.28
31-Mar-17 1.12 16.17
31-Mar-18 1.42 14.86
9.57
  • Industry P/E Ratio:
Particulars P/E ratio
Highest 18.16
Lowest 4.46
Average 10.39
  • Competitive Peers:
Sr. No.  Particulars Face Value  (in Rs.) Basic EPS (In Rs.) P/E Ratio RONW (%)  NAV (In Rs.)
1 Shubhlaxmi Jewel Art 10 1.42 NA 14.86 9.57
2 D.P Abhushan Limited 10 4.22 8.53 19.83 18.46
3 Moksh Ornaments
Limited
10 5.28 4.46 15.17 24.06
4 Thangamayil Jewellery
Limited
10 16.58 18.16 13.48 122.98

List of Latest IPOs of 2018

Fine Organic IPO IndoStar Capital IPO Capricorn Food Products IPO Flemingo Travel Retail IPO
Nazara Technologies IPO Genius Consultants IPO Rail Vikas Nigam IPO Varroc Engineering IPO

Shubhlaxmi Jewel Art IPO Lead Managers

Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690
Website:www.pantomathgroup.com
Email:
Investor Grievance Id:
Contact Person: Hardik Bhuta
SEBI Registration No:INM000012110

Shubhlaxmi Jewel Art IPO Registrar to offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.B.S. Marg, Vikhroli (West),
Mumbai- 400 083, India
Tel: 022-49186200;
Fax: 022-49186195;
Email:
Website: www.linkintime.co.in
Investor Grievance Id:

Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Other Details:

  • Statutory Auditor – M/sSanghavi & Company, Chartered Accountants
  • Peer Review Auditor – M/sN.K Aswani & Co., Chartered Accountants
  • Bankers to the Company – Kotak Bank Limited.

Shubhlaxmi Jewel Art Limited 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

Shubhlaxmi Jewel Art Limited IPO Grey Market Premium

The Shubhlaxmi Jewel Art Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Subscribe to Shubhlaxmi Jewel Art Limited IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat AccountBecome Sub Broker

Shubhlaxmi Jewel Art Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


Market Guide

What is IPO?
IPO Investment
IPO Valuation
Upcoming IPOs

Featured Topics

Featured Topics
Best Discount Broker in India
Best Full Service Broker in India
Best Stock Broker in India
Best Intraday Trading Brokers in India
Best Demat Account
Brokerage Calculator
Top 10 Sub Broker Partner in India
Sub Broker Franchise
Broking Franchisee
Get 100% IPO Allotment Guarantee! Subscribe to IPO
error: Content is protected !!