PC Jeweller IPO — Is it a good investment? December 5th, 2012 Posted in IPO/NFO
PC Jeweller Ltd, one of the premier jewellery companies of India is hitting the market with the ini¬tial pub¬lic offer¬ing and the issue will open on Decem¬ber 10th 2012. The equity shares would be listed on the National Stock Exchange and the Bom¬bay Stock Exchange.
PC Jeweller IPO – About the company
PC Jeweller Ltd is an jewellery retailer mostly operational in North India. The main line of business includes the manufacture, retail and wholesale of jewellery. PCJ offers a wide range of products including gold jewellery, diamond jewellery and other jewellery including silver articles. They provide 100% Hallmarked jewellery and Certified Diamond jewellery. PC Jeweller have 30 showrooms under the “PC Jeweller” brand located across 23 cities in north and central India.
PC Jeweller IPO – Price Band
The issue has a Price Band of Rs 125 –135 per share. The company is also offering Rs 5 discount to retail investors and employees in PC Jeweller IPO shares. The discount will be given on the final price of the IPO shares.
PC Jeweller IPO – Offering
A total of 45,133,500 Equity Shares of Rs. 10 of PC Jeweller is on offer in the IPO. The issue size ranges from Rs. 564.17 — 609.30 Crores.
PC Jeweller IPO – Min¬i¬mum Shares
The min¬i¬mum bid lot has been fixed at 90 equity shares and in mul¬ti¬ple of 90 equity share there-after.
PC Jeweller IPO – Issue open and Close Date
The IPO is sched¬uled to open on Decem¬ber 10 and close on Decem¬ber 12 for retail subscribers.
PC Jeweller IPO – Credit Rating
Rating company CRISIL has assigned a IPO Grade 3/5 to the IPO of PC Jeweller. This grade indicates that the fundamentals of the PC Jeweller IPO are ‘average’ relative to the other listed equity securities in India.
PC Jeweller IPO – Issue proceeds
The company is planning to establish new showrooms and utilize the fund for corporate purposes.
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