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Palm Jewels Limited IPO Details

Palm Jewels Limited was established in 2005, Palm Jewels Limited is engaged in the wholesale business of gold jewellery. Company registered office and business of operation is based in Ahmedabad. Company essentially sell gold based chains, bracelets and necklaces. Company outsource the manufacturing of our jewellery through job workers based in Ahmedabad and Mumbai. The major raw material used for making our products is gold & silver.

Company procure gold & silver majorly through the bullion market and partially from the local markets in Ahmedabad. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai. However, no formal agreement has been executed with either of these job workers. The finished jewellery is sold by their marketing and sales team directly to other jewellery stores. Company jewellery is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy
Palm Jewels Limited IPO Details
Issue Open 25-05-2018
Issue Close 01-06-2018
Allotment Date 07-06-2018
Unblocked Amount 08-06-2018
Listing Date 12-06-2018
Issue Share 29,68,000 Total Equity Share
1,52,000 Reserved by Market Maker
28,16,000 Equity Share
Issue Size ₹ 8.90 Cr
IPO Price Band ₹ 30
Minimum Share Bid 4000
Minimum Investment Amount [Rs]  ₹ 1,20,000
Face Value ₹ 10
Retail Allocation 50%
Listing On BSE SME


Palm Jewels Limited IPO Gray Market Value
Latest Update 24-05-2018 10:00 PM
Premium [Per Share] As Per Market View -
Expected Listing Gain [Subject to Sauda] -


Palm Jewels Limited IPO Financial details [in Rs, Cr]
Financial Year Total Revenue Total Expenses Profit After Tax
FY-2013 1.19 1.19 0.0014
FY-2014 0.42 0.41 0.0019
FY-2015 0.98 0.99 -0.0035
FY-2016 1.57 1.57 0.0053
FY-2017 5.52 5.50 0.02
Feb-2018 19.75 19.16 0.44
- - - -


Palm Jewels Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 0.49
Price/Earnings [P/E] Ratio 61.22
Return on Net Worth [RoNW] 4.59 %
Net Asset Value [NAV] ₹ 10.78 Per Share
Palm Jewels Limited IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 14,08,000 14,08,000 28,16,000
Day-1 [25-05-2018] 84,000 [0.06] 0 [0]84,000 [0.03]
Day-2 [28-05-2018] 3,72,000 [0.26] 16,000 [0.011] 3,88,000 [0.13]
Day-3 [29-05-2018] 3,72,000 [0.26] 36,000 [0.03] 4,08,000 [0.15]
Day-4 [30-05-2018] 5,08,000 [0.36] 48,000 [0.03] 5,56,000 [0.19]
Day-5 [31-05-2018] 5,08,000 [0.36] 7,20,000 [0.51] 12,28,000 [0.44]
Day-6 [01-06-2018] 8,48,000 [0.60] 11,80,000 [0.84] 20,28,000 [0.72]
Day-7 [04-06-2018] 11,52,000 [0.82] 21,12,000 [1.51] 32,64,000 [1.16]
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Palm Jewels Limited IPO Recommendations
Live IPO Team Recommendation:- Avoid
Palm Jewels Limited IPO Contact Details
Palm Jewels Limited
G.F-37, Super Mall,
Nr. Diamond,
C. O. Hou. Soc. Ltd,
Nr. Lal Bunglow,
C. G. Road,
Ahmedabad – 380001,
Gujarat,
India;
Tel. No.: +91 079 40052056
Email:- compliance.pjl@gmail.com
Website:- www.palmjewels.com
Registrar of Palm Jewels Limited IPO
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad 500 032 India
Tel. No.: 1-800-3454001/ +91 40 6716 2222
Fax No.: +91 40 2343 1551
E-mail:- einward.ris@karvy.com
Investor Grievance Email:- uhzaveri.ipo@karvy.com
Website:- www.karisma.karvy.com
Contact Person: Mr. M Murali Krishna
SEBI Registration No.: INR000000221
Lead Managers of Palm Jewels Limited IPO
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Ground Floor, Dalal Street,
Mumbai-400 001
Tel. No.: +91 224050 9999
Fax No.: +91 22 4050 9900
Email:- satish@focl.in / mala@focl.in
Investor Grievance Email: investorcomplaints@focl.in
Website:- www.focl.in
Contact Person: Mr. Satish Sheth / Ms. Mala Soneji
SEBI Registration No.: INM000003671

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