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PRODUCT NOTE
Goenka Diamond & Jewels Ltd.
OPENS ON : 23/03/2010 CLOSES ON :26/03/2010
Company Details:
  • Incorporated in 1990, Goenka Diamond & Jewels Limited is in the business of cutting and polishing of diamonds and manufacturing and retailing of diamond jewellery.

  • Goenka's product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in gold

  • Company has its own diamond processing unit at SEZ in Surat and in Mumbai.

  • Goenka Diamonds retail its diamond jewellery under two brands CERES and G WILD. Company retail high end diamond jewellery under the CERES brand targeting the top-end segment of the society while G WILD focuses on internationally designed diamond jewellery targeting the youth.
IPO GRADING
  • ICRA has assigned an IPO Grade “2/5” to the proposed IPO of Goenka Diamond & Jewels Limited
  • Issue Details:
    Issue Size : ,10,000,000 Equity shares
    Face value : Rs 10/- per equity share
    Price band : Rs 135 - Rs.145
    Lot Size : 40 Equity shares
    Exchanges : NSE & BSE
    Issue Type : 100% Book Built issue IPO
     
    Book Running Lead Manager :
    1. SBI Capital Markets Ltd.
    Registrar of the issue-
    1. Karvy Computershare Pvt. Ltd.
    ISSUE STRUCTURE
    S. No. Main Category No of equity shares reserved for the main category
    1. QIB Upto 50,00,000 Equity Shares.s
    2. Non Institutional

    Atleast 15,00,000 Equity Shares

    3. Retail Atleast 35,00,000 Equity Shares
    Total Issue Size 1+2+3 10,000,000 Equity shares
    Objects of the Issue
    The objects of the issue are to
  • Meet the expenses of establishing stores for our G WILD brand (¯ G WILD Stores)
  • Meet the expenses of establishing stores for our CERES brand (¯ CERES Stores)
  • Meet working capital requirements for jewellery business
  • Meet the expenses of establishing a jewellery manufacturing facility in Mumbai
  • Meet the expenses of establishing a diamond processing facility in Mumbai; and
  • Further invest in the equity capital of our Subsidiary..

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