RO Jewels Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

12 Mar 2020

Close Date

17 Mar 2020

Allotment

20 Mar 2020

Listing Date

25 Mar 2020

Exchange

BSE SME

Price Band

₹36

Listing Price

See chart

Allotment Status

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Price Band

₹36

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

13,65,000 shares (aggregating up to ₹4.91 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹108,000

1 lot

Pre-IPO Holding

14,67,083 shares

Promoters

Post-IPO Holding

28,32,083 shares

Promoters

P/E (Pre)

34x

UPI Deadline

2020-03-17

Mandate

Anchor AllotmentWed, 11 Mar 2020

Basis of AllotmentFri, 20 Mar 2020

Refund InitiationMon, 23 Mar 2020

Demat CreditTue, 24 Mar 2020

Listing DayWed, 25 Mar 2020

UPI Mandate Deadline2020-03-17

Sale TypeFresh Capital

Net Offer to Public12,96,000 shares (aggregating up to ₹4.67 Cr)

Market Maker Quota69,000 shares (aggregating up to ₹0.2484 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

RO Jewels Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 17 Mar 2020.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	69,000	—	₹0.25
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,365,000	100%	₹4.91

IPO Shares Offered

RO Jewels Ltd. IPO total issue size: ₹4.91 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	69,000	₹0.25	5.05%
Total	1,365,000	₹4.91	100.00%

* Based on upper price band ₹36 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹36.00

Upper Band

Min Investment

₹108,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹216,000
Retail (Max — 13 Lots)	13	39,000	₹1,404,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,512,000
B-HNI (Min — 68 Lots)	68	204,000	₹7,344,000

* Issue Price ₹36 × Lot Size 3,000 shares

IPO Schedule

Anchor

11 Mar 2020

✓ Done

IPO Open

12 Mar 2020

✓ Done

IPO Close

17 Mar 2020

✓ Done

Allotment

20 Mar 2020

✓ Done

Refunds

23 Mar 2020

✓ Done

Demat Credit

24 Mar 2020

✓ Done

Listing Day

25 Mar 2020

✓ Done

₹36.00

INR · BSE

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Issue ₹36.00 Live Price

About RO Jewels Ltd.

Incorporated in 2018, RO Jewels is engaged in the wholesale business of Silver and Gold chains. It is an Ahmedabad based business to sell gold/silver necklaces, bars, bracelets, and chains. RO Jewels acquired M/s Ravi Ornaments dated 18th Dec 2019.The company purchases the readymade jewelry from the independent wholesalers and manufacturers across Mumbai and Ahmedabad. It has a showroom at Manek Chowk, Ahmedabad to sell the products. Apart from this, the company also sells products to other jewelry stores through B2B marketing strategy.The Jewelry portfolio of the company includes Indo-western, traditional, and modern jewelry. All the jewelry offered by RO Jewels has BIS Hallmark (widely accepted mark of purity of gold).Competitive Strength1. Established brand name in the local market2. The long term strong business relationships

Objects of the Issue

Additional Working Capital

General Corporate Expenses

To meet the expenses of the Issue

RO Jewels Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

₹975.7

31-Mar-18

₹424.3

31-Mar-19

₹1,047.2

30-Sep-19

Profit After Tax (PAT)

₹6.9

31-Mar-18

₹1.5

31-Mar-19

₹15.1

30-Sep-19

Particulars	30-Sep-19	31-Mar-19	31-Mar-18
Revenue from Operations	1047.22	424.34	975.70
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	15.05	1.49	6.85
Net Worth	N/A	N/A	N/A
Total Assets	580.25	179.06	230.49
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered13,65,000 (100.00%)

Net Offer to Public12,96,000 shares (aggregating up to ₹4.67 Cr)

Reserved for Market Maker69,000 shares (aggregating up to ₹0.2484 Cr)

Pre-Issue Promoter Holding14,67,083 shares

Post-Issue Promoter Holding28,32,083 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

einward.ris@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

First Overseas Capital Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much RO Jewels Ltd. IPO subscribed? ▲

RO Jewels Ltd. IPO is subscribed 1.00 times by Mar 17, 2020. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is RO Jewels Ltd. IPO retail subscription status? ▼

The RO Jewels Ltd. IPO retail category is subscribed 1.00 times as of 17 Mar 2020. The retail portion is oversubscribed.

How to subscribe RO Jewels Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 12 Mar 2020 and closes 17 Mar 2020. Min investment: ₹108,000 (1 lot = 3,000 shares). UPI mandate: 2020-03-17.

How many times RO Jewels Ltd. IPO subscribed? ▼

The RO Jewels Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check RO Jewels Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Mar 2020. Refunds: on 23 Mar 2020.

When RO Jewels Ltd. IPO will be listed? ▼

The RO Jewels Ltd. IPO listing date is 25 Mar 2020, Wednesday. Listed on: BSE SME. Issue price: ₹36. Estimated listing: ₹36. GMP: NIL.

When RO Jewels Ltd. IPO close? ▼

The RO Jewels Ltd. IPO closes on 17 Mar 2020, Tuesday. UPI mandate: 2020-03-17. Allotment: 20 Mar 2020. Listing: 25 Mar 2020.

Quick Actions

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Live Price LIVE

Last Price₹36.00

Change—

Issue Price₹36.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹36

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹108,000

GMPNIL

Est. Listing₹36

Subscribed1.00x

Open Date12 Mar 2020

Close Date17 Mar 2020

Allotment20 Mar 2020

Listing Date25 Mar 2020

ExchangeBSE SME

UPI Deadline2020-03-17