Moksh Ornaments ipo – wiki, date, listing, allotment

1
97

Moksh Ornaments ipo , wiki, date, listing, allotment —Business description – Moksh Ornaments is in the business of manufacturing and wholesale of jewellery. The jewellery is manufactured on job work basis at Kolkata and Mumbai. The company primarily sells gold jewellery and its product profile includes bangles, chain, and mangalsutra. Its focus is on developing new designs that meet customer’s requirements and gets products designed by third party designers.

 

MOKSH ORNAMENTS IPO – OPEN 21 DEC AND CLOSE ON 26 DEC

Its promoters Jawanmal M Shah and Amrit J Shah have around 30 years and 20 years of experience respectively in the jewellery industry. Some of its major customers include Nakshatra Jewellery, P.N. Gadgil & Sons, Ranka Jewellers, P.N. Gadgil Jewellers Private Limited, etc. Moksh Ornaments procures the required gold from various banks and local markets.

Company’s Major Customers:

IPO Details:

Details Info
Issue Opens on 21st December 2017
Issue Closes on:. 26th December 2017
Issue Price Rs.37
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,11,000
Issue Constitutes 27.79%
Issue Size Rs.11.03 cr
Market Cap Rs.39.70 cr
Listing at NSE SME
Total Equity Shares Offered (Fresh) 29,82,000
Equity Shares Prior 77,50,011
Equity Shares after the issue 1,07,32,011

 

Check IPO Allotment Status:

Bigshare Website (Click on the below Link)

http://www.bigshareonline.com/bssipoapplicationstatus.aspx

 

 

IPO Registrar:
Bigshare Services Pvt. Ltd
Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
IPO Lead Managers:

  • Guiness Corporate Advisors Pvt Ltd

Company Address:
Moksh Ornaments Limited
701, 18/22, Champagali,
7th Floor, Zaveri Bazaar,
Mumbai 400002
Phone: +91-22-61834395
Email: cs@mokshornaments.com
Website: http://www.mokshornaments.com/

Objects of the Issue:

The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Repayment of certain Unsecured Loan availed by the Company
3. Issue Expenses

MOKSH ORNAMENTS IPO – YOUTUBE LINK

Moksh Ornaments Limited IPO (Moksh Ornaments IPO) Detail

Dec 21, 2017 – Dec 26, 2017

Incorporated in 2012, Moksh Ornaments is Mumbai based company engaged in the business of manufacture and wholesale of jewellery. Company primarily sells gold jewellery and its product profile includes bangles, chain, and mangalsutra. Company gets its products designed by third party designers.

Commpany procure the required gold from various banks and local markets. Customers of the company get the jewellery hallmarked from BIS recognized Assaying and Hallmarking Centre.

Company Promoters:

The Promoters of the Company are Amrit J. Shah and Jawanmal M. Shah.

Objects of the Issue:

The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. Repayment of certain Unsecured Loan availed by the Company
3. Issue Expenses

MOKSH ORNAMENTS IPO – Issue Detail:

»»  Issue Open: Dec 21, 2017 – Dec 26, 2017
»»  Issue Type: Fixed Price Issue IPO
»»  Issue Size: 2,982,000 Equity Shares of Rs 10 aggregating up to Rs 11.03 Cr
»»  Face Value: Rs 10 Per Equity Share
»»  Issue Price: Rs 37 Per Equity Share
»»  Market Lot: 3000 Shares
»»  Minimum Order Quantity: 3000 Shares
»»  Listing At: NSE SME

Moksh Ornaments IPO Reviews

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & Time QIB NII RII Total
Shares Offered / Reserved 0 1,491,000 1,491,000 2,982,000
Day 1 – Dec 21, 2017 17:00 IST 0 1,506,000 2,742,000 4,248,000
Day 2 – Dec 22, 2017 17:00 IST 0 3,033,000 12,597,000 15,630,000

CHECK OUR OTHER POSTS-

Astron Paper & Board | Mill Ltd IPO (Astron Paper IPO) Detail | upcoming ipo | wiki | listing | gmp | review | chittorgarh | grey market premium

 

Astron Paper & Board | Mill Ltd IPO (Astron Paper IPO) Detail | upcoming ipo | wiki | listing | gmp | review | chittorgarh | grey market premium

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here