Palm Jewels Limited IPO

Palm Jewels Limited

Issue Open

May 25, 2018

Price Band

₹ 30

Issue Size

₹ 8.90 Cr

Credit of Shares to Demat

-

Issue Close

Jun 01, 2018

Bid Lot

4000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

4000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Jun 12, 2018

Refunds

-

About the company:

Palm jewels limited is a Gujarat based company involved in the wholesaling of gold jewelry.  It outsources the manufacturing of the jewelry through job workers based in Ahmedabad and Mumbai Palm jewels has around 11 employees on its payroll to serve its clients.

Date of Incorporation : The company was incorporated in 2005 in Gujarat

Promoters of Palm Jewels Limited:  Mr. Rohit D. Shah and Mr. Chetna R. Shah are the promoters of the company

Products and services: Company basically sells gold and silver based jewellery items like chains, bracelets, and necklaces.

 

Customer segments: The company directly approaches to other jewelry stores to sell its products with the help of marketing and sales team. The company covers the Gujarat territory through  B2B marketing approach.

Objective of the Issue: The Objects of the Issue are-
- To meet the working capital requirement; and
- To meet the expenses of the Issue

 

Company Financials:

Particulars

For the year/period ended (in Rs. Lakhs)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

163.08

36.62

35.93

34.87

33.54

 

Total Revenue

552.38

157.48

97.91

41.63

118.89

 

Profit After Tax

1.54

0.53

(0.35)

0.19

0.14

 

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