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