Darshan Orna Limited SME IPO Snapshot – Price, Date, Listing, Details

Company profile

Darshan Orna Limited is a Small and Medium Enterprises working as a wholesaler of Jewellery & Ornaments. It is incorporated on January 20,2011 at Ahmadabad. The company is also into trading business of silver and distributor of ready made gold & silver Jewellery & Ornaments. They are engaged to design Traditional, Modern, & Indo Western jewellery & ornaments in India. Its portfolio includes of 20% Traditional Jewellery, 40% of Modern Jewellery & 40% of Indo-Western Jewellery. Its gold & silver traditional jewelries & ornaments are either made with kundan, gem stones, American diamonds etc or just plain gold or silver.

The company sources its raw material from its suppliers. It is totally depended upon key suppliers for gold, silver and polished diamonds and any disruption in their supply could disrupt its business and adversely affect its financial results. Over the years, the company has built up a credible sales-force to market its jewelries in Ahmadabad.

The firm has registered a net profit of Rs 0.16 lakh on a turnover of Rs 80.25 lakh for Financial year 2013. Thereafter for Financial Year 2014 and Financial Year 2015 It has posted turnover and net profit of Rs 120.40 lakh / Rs 0.22 lakh and Rs 822.60 lakh / Rs 2.35 lakh, respectively. For nine months ended December 31, 2015, it has posted net profit of Rs 21.47 lakh on a turnover of Rs 1204.44 lakh.

Outlook of the Company

1) Strong Customer Base
2) Maintain Long Term Relationship With Its Clients
3) Wide varieties of products

IPO details

The company has filed its draft prospectus to be listed on the BSE, SME platform with markets regulator Bombay Stock Exchange.

The aim of the company is to invest in upgrading its existing units to ensure quality products.

Purpose of the Issue

1. To meet working capital requirement;
2. To meet the expenses of the Issue and;
3. General corporate expenses.

Summary Of Issue

Issue Open:- May 2, 2016 – May 11, 2016
Issue Type Fixed Price Issue IPO
Issue Size (Shares) 1256000 Equity Shares of Rs. 10
Issue Size in (Value) Rs. 7.54 Crore
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 60 Per Equity Share
Market lots 2000 Shares
Minimum Order Quantity 2000 Shares
Listing At BSE, SME

Promoters Of the Company

1) Mr. Mahendra Kumar Ramniklal Shah:- He is the Managing Director of the Company. He is 54 years old. He has total expereince of 18 Years& plus. He has over 25 years of work experience in Jewellery & Ornaments industry. He has also promoted a proprietary firm under the name of M/s Darshan Ornaments.

2) Mrs. Arunben MahendraKumar Shah:- She is Director of the company. She is 54 years old. She has total experience of 18 Years& plus. She has specialization in designing traditional jewellery & creating pattern a
range of patterns according to the trend prevailing traditional jewellery market.


Particulars For the year/Period ended (Rs. in Millions)
Financial Year 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Liabilities 34127791 2895602 2873251 2056975 100000
Total Assets 35809992 4063159 3120518 2066246 100000
Total Revenue 82259561 12040041 8025246
Total Expenses 81984310 12007691 8003040 (3025)
Profit After Tax (PAT) 2,35250 22351 16276 (3025)

Lead Manager Details
1st Floor, B Wing, Todi Estate, Sun Mill Compound
Lower Parel, Mumbai – 400013
Tel No: +91 22 4050 9999;  Fax No: +91 22 4050 9900
Email: rushabh@focl.in;   Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
SEBI Registration No: INM000003671
Contact Person: Mr. Rushabh Shroff

Registrar Of The Issue

Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad 500 032 India
Tel. No.: 1-800-3454001/ +91 40 6716 2222 Fax No.: +91 40 2343 1551
E-mail: einward.ris@karvy.com Investor Grievance Email: gangapharma.ipo@karvy.com
Website: www.karisma.karvy.com
Contact Person: Mr. M Murali Krishna
SEBI Registration No.: INR000000221

Registered Office:
2018/1, First Floor, Nr. Rupa Surchand Ni Pole,
M.G. Haveli Road, Manek Chowk, Ahmedabad (Gujarat) – 380001, India;
Tel. No.: +91 79 22142568;
Email: info@darshanorna.com;
Website: www.darshanorna.com
Contact Person: Mrs. Nidhi Jain, Company Secretary & Compliance Officer

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