You may have seen a lot of TV and print ads from a jeweller, offering purchase of gold ornaments on EMI where last 2 installments will be paid by the jeweller. That's PC Jeweller. and it is planning to come out with its IPO or initial Public Offering.
In this article we will look upon the Details, Review, Analysis of the PC Jeweller IPO. Let's start with some basic details first:
- The size of PC Jeweller IPO is 45,133,500 equity shares.
- The above no. of shares will constitute 25 percent of the post issue capital
- The capital expected to be collected through these shares will be in the range of Rs 564 crore to Rs 609 crores, depending on the price band.
What are the primary reasons for PC Jeweller to come out with the PC Jeweller IPO?
Although we dont have concrete details available at the moment, any IPO is always brought for Fund raising. It is learnt that the money collected through this IPO will be used for expansion and working capital requirements.
What is the issue size of the PC Jeweller IPO?
The PC Jeweller IPO size is of 45,133,500 shares.
What is the price band of PC Jeweller IPO?
The Face Value of each Equity Share is Rs. 10 each.
The price band and the minimum bid lot will be Rs 125 to Rs 135 a share.
Good news for retail investors and employees is that there is a discount of Rs 5 to the issue price
PC Jeweller IPO: Review Analysis & Details
How many shares will be sold in the PC Jeweller IPO?The total no. of shares to be sold through this IPO is 45,133,500 shares.
There is a reservation of 358,500 equity shares for the employees.
What are the IPO dates for PC Jeweller IPO?
The issue will open on Monday, December 10, 2012, will close on Wednesday, December 12, 2012 (That's 12-12-12)
How will the capital raised by PC Jeweller IPO be used?
It is learnt that the money collected through this IPO will be used for expansion and working capital requirements. Another 20 new showrooms will be opened throughout the country using the proceeds of this IPO.
Any ratings given to PC Jeweller IPO?
CRISIL assigns grade 3/5 to PC Jeweller IPO. This indicates average fundamentals of the company.
What are the business results business results for PC Jeweller IPO?
As per the details available, the following info is available about the business details of PC Jeweller:
- Turnover of around Rs 3,000 crore in 2011-12
- Two establishments in Uttarakhand for manufacturing jewellery for domestic markets
- Two establishments in Noida for manufacturing jewellery for overseas markets
- Company presnetly has 30 showrooms throughout the country
- Also exports gold and diamond jewellery to HongKong, Singapore and Dubai for wholesale business
What are the analysts recommendations and business results for PC Jeweller IPO?
- Going by rating, a rating of 3/5 may not look that great, but is it still average
- Aggressive TV and print campaign has been observed in last few months- in addition to business marketing, that may be for IPO buzz
- Investors willing to add some diversification to the portfolio - something slightly different from direct gold investing - can add this stock.
The shares will be listed on National Stock Exchange of India NSE and the Bombay Stock Exchange BSE.
SBI Capital Markets Limited and Kotak Mahindra Capital are learned to be the Book Running lead managers and advisors for the PC Jeweller IPO
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