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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