Radhika Jeweltech SME IPO – Date, Price, Details       

radhika jeweltech ipoRadhika Jeweltech IPO is hitting the capital markets today with price fixed at Rs.75 per share (face value Rs.10 per share). The SME IPO will remain open till Sept 20, 2016. The issue size of IPO will 49.50 crore and company will list on BSE SME platform.

Company Profile:

Radhika Jeweltech Limited was established as on July 22, 2016 based in Gujarat, India. It offers Jewellery made of gold, silver, precious and semi precious metal ornaments and studded ornaments  having showroom on Palace road Rajkot.  It is getting finished products either manufacturing in house or  by third parties on job work basis.  It is selling its products including high range, medium range and low range as per the customer demand.  It is prudent to trade for branded Jewellery. The product of the company is certified by BIS Hallmark. All the finished products are examined and cleared by the quality assurance department as per its parameters.

Outlook Of The Firm:

1) Robust experience of Jewellery markets;

2) Prime location of its showroom;

3) Offer products of various design, innovation and product range;

IPO details:

The company has filed its draft prospectus to be listed on the SME platform of BSE. t is planning to raise Rs. 49.50 crore through the Initial public offering.

Purpose of the issue:

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

Summary Of Issue:

Issue Open:- Sep 14, 2016 – Sep 20, 2016
Issue Type Fixed Price issue IPO
Issue Size (Shares) 6,600,000 Equity Shares
Issue Size in (Value) Rs 10 aggregating up to Rs 49.50 Cr
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 75 Per Equity Share
Market lots 1600 Shares
Minimum Order Quantity 1600 Shares
Listing At BSE, SME

Promoters Of the Company:-

 Mr. Ashokkumar Zinzuwadia :- He is the chairman and Managing director of the Company. He is 49 years old.

Financials:-

Particulars For the year/Period ended (Rs. in Millions)
Financial Year 22nd-July-16 31-Mar-16 31-Mar-15
Total Equity & Liabilities 11935.69 11185.69 10447.06
Total Assets 11935.69 11185.69 10447.06
Total Revenue 3156.35 13715.96 13396.51
Total Expenses 3071.48 13418.11 13004.70
Profit After Tax (PAT) 84.87 297.85 259.81

Lead Manager Details:-

CORPORATE STRATEGIC ALLIANZ LIMITED

808, Samedh Complex, Near Associated Petrol Pump, C.G. Road,

 Ahmedabad – 380 006, Gujarat- India.

Tel No: +91-79- 40301750  Tele Fax No: +91- 79- 40024670

SEBI REGN NO: INM 000011260

Email Id: info@csapl.com

Website: www.csapl.com

Contact Person: Mr. Nevil R. Savjani

Registrar Of The Issue:-

SATELLITE CORPORATE SERVICES PRIVATE LIMITED

 B-302, Sony Apartment, Opp. St. Jude High School,

90 ft. Road, Off Andheri Kurla Road, Jarimari, Sakinaka, Mumbai – 400 072.

 Tel: +91-22- 28520461/462  Fax:+91-22- 28511809

SEBI REGN NO: INR000003639

Email Id: service@satellitecorporate.com

Website: www.satellitecorporate.com

Contact Person: Mr. Michael Monteiro

Registered Office:

3-4-5, “Raj Shrungi” Complex, Palace Road, Rajkot, Gujarat -360 001

Tel: +0281-2233100, 2225066;  Fax: +0281-2241917;

Website: www.radhikajeweltech.com

Contact Person: Company Secretary and Compliance Officer: Mr.Tushar Donda ;

E-Mail: radhikajeweltech@gmail.com

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