Incorporated in 2010, Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.
The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.
Competitive Strengths:
- Use of the established Brand name.
- Cordial relationship with our customers.
- Experience of our Promoters.
- Design, Innovation and Product range.
- Prime Location of the Showroom.
Company Promoters:
Mr. Tilok Chand Bardia, Mr. Nikesh Bardia, and Mr. Nitin Kumar Bardia are the company promoters.
Company Financials:
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-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 |
| Profit After Tax | 83.06 | 376.94 | 155.25 | 100.19 |
Objects of the Issue:
Requirement of Funds and Utilization of Net Proceeds:
- To meet Working Capital requirements.
- General Corporate Purpose.
Eighty Jewellers IPO Details
| IPO Opening Date | Mar 31, 2022 |
| IPO Closing Date | Apr 5, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹41 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,700,000 Eq Shares of ₹10 (aggregating up to ₹11.07 Cr) |
| Fresh Issue | 2,700,000 Eq Shares of ₹10 (aggregating up to ₹11.07 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Eighty Jewellers IPO Tentative Timetable
The Eighty Jewellers IPO open date is Mar 31, 2022, and the close date is Apr 5, 2022. The issue may list on Apr 13, 2022.
| IPO Open Date | Mar 31, 2022 |
| IPO Close Date | Apr 5, 2022 |
| Basis of Allotment Date | Apr 8, 2022 |
| Initiation of Refunds | Apr 11, 2022 |
| Credit of Shares to Demat Account | Apr 12, 2022 |
| IPO Listing Date | Apr 13, 2022 |
Eighty Jewellers IPO Lot Size
The Eighty Jewellers IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹123,000 |
| Maximum | 1 | 3000 | ₹123,000 |
Eighty Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Eighty Jewellers IPO Review
The company is in a highly competitive and fragmented segment. Its financial performance has shown inconsistency in the top and bottom lines. The issue is aggressively priced. There is no harm in skipping this issue. Read detail review…
Eighty Jewellers IPO Subscription Status (Bidding Detail)
The Eighty Jewellers IPO is subscribed 0.53 times on Apr 4, 2022 12:32:00 PM. The public issue subscribed 0.23 times in the retail category, times in the QIB category, and 0.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.83 |
| Retail | 0.23 |
| Total | 0.53 |
Company Contact Information
Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
Raipur,
Chhattisgarh, 492001
Phone: +91-0771-2234737
Email: info@eightyjewels.in
Website: https://eightyjewels.in/