The shares of Ratlam based DP
Abhushan Limited, engaged in the retail business of various jewelleries
and ornaments, listed at a price of Rs 33.60 per equity share, a premium of 20%.
The Company IPO, which opened for bidding on NSE Emerge Platform on October 9,
2017, subscribed over 40 times. The
HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data
available on NSE. Proceeds of IPO will be utilized towards working
capital requirement and general corporate purpose.
DP Abhushan SME public issue comprises of 59, 32,000 Equity Shares
of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96
lakhs.
The
Lead Manager to the Issue is Hem Securities Limited, a leading player in SME
IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
For the fiscal year
ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of
our Company stood at Rs. 45371.02 Lakhs, Rs. 48822.43 Lakhs and Rs. 45989.44
Lakhs respectively. Further, our PAT for the fiscal year ended on March 31,
2017, 2016 and 2015 as per Restated Financial Statements were Rs. 490.45 Lakhs,
Rs. 324.73 lakhs and Rs. 131.46 Lakhs respectively.
About
DP Abhushan Ltd
The Company is
engaged in the retail business of various jewelleries and ornaments made out of
gold, diamonds and platinum studded with precious and semi-precious stones. Its
portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings,
bracelets, chains, necklaces, bangles and other wedding jewellery. D P Abhushan
currently has four showrooms under the “D.P. Jewellers” brand located in four
different cities of India i.e. Ratlam, Indore, Bhopal and Udaipur.
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