Introduction:Gautam Gems Ltd based out of Surat,Gujarat is a fast growing company involved in the manufacturing and trading of diamonds. Company purchase the rough diamonds and polish them in-house at its Surat office.
Date of Establishment: Company was established by Mr. Gautam P. Sheth along with his wife as "Gautam Gems Private Limited" on 18th Feb, 2014 . Subsequently the company was transformed into a Public Limited Company on 16th Aug, 2017 and was renamed as "Gautam Gems Limited"
Product & Service Offering: Company’s product basket comprise of diamonds in multiple category, shape, cut, size and color. The portfolio of products which they trade in purely depends on the demand and supply of diamonds in the domestic markets. Majorly, round brilliant and fancy shape diamonds are in vogue
Customer Segment: Key customers of Gautam Gems Limited are
- Jewellery manufacturers
- Jewellery wholesalers
- Jewellery retailers
- Jewellery traders
- Diamond wholesalers
- Diamond retailers
Promoters of Gautam Gems Limited: Company is promoted by Mr. Gautam P Sheth and Mrs. Nidhi G Sheth. Promoters have significant experience(~10 years) in diamond business.
Objects of the Issue: The aim of the issue by the company is to avail cash for running day to day operations of the company and to fund the expenses incurred by releasing the issue.
| Number of Times Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
| As on Date & Time | QIB | NII | RII | Employee | Others | Total | |
| Shares Offered / Reserved | 0 | 997,500 | 997,500 | - | 105,000 | 2,100,000 | |
| Day 1 - Jan 24, 2018IST | 0 | 105,000 | 867,000 | - | - | 972,000 | |
| Day 2 - Jan 25, 2018IST | 0 | 105,000 | 1,587,000 | - | - | 1,692,000 | |
| Day 3 - Jan 29, 2018IST | 0 | 129,000 | 3,576,000 | - | - | 3,705,000 | |
| Day 4 - Jan 30, 2018IST | 0 | 777,000 | 9,588,000 | - | - | 10,365,000 | |
| - | BSE | NSE |
|---|---|---|
| Issue Price | Rs 36.00 | - |
| Open | Rs 34.15 | - |
| Low | Rs 28.80 | - |
| High | Rs 43.00 | - |
| Last Trade | Rs 34.60 | - |
| Volume | 2,154,000 | - |
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Gautam Gems Limited IPO ReviewGautam Gems Ltd. (GGL) has been principally incorporated as ... |
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