Palm Jewels Limited IPO

Add to Calendar 2018-05-25 12:00 AM 2018-06-01 12:00 AM Asia/Kolkata Palm Jewels Limited IPO Palm Jewels Limited India

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:


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








Total Assets







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Issue Detail

  • Issue Open: May 25, 2018
  • Issue Close: Jun 01, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 30 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 8.90 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total

Listing Day Trading Information

Issue Price Rs 30 -
Open Rs 37.50 -
Low Rs 35.65 -
High Rs 37.50 -
Last Trade Rs 35.85 -
Volume 104,000 -

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