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| PRE ISSUE REPORT |
| Thangamayil Jewellery Limited |
| OPENS ON: 27/01/2010 |
CLOSES ON: 29/01/2010 |
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| Company Details: |
- Thangamayil Jewelley ltd. is one of the leading jewellery retailers in Madurai.
- The Company trades in Gold Jewellery, Diamond and Platinum jewels. Variety of ornaments like Gold chains, Necklaces, Bangles, Ear Studs, Nose Rings, Waist Belts, Kasu Malai, Finger Rings, Bracelets and other items fitting to the taste of the customers are being sold by the Company.
- Thangamayil introduced the Hallmarking practice for the first time in Madurai and over the time has increased the percentage of jewellery hallmarked to greater than 95% of the jewellery sold through its outlet.
- Thangamayil is also one of the oldest retailers having established customer base of over
1,00,000 customers. Since 1984 the company is in the business of manufacturing and trading of jewellery.
- he company currently has showrooms at Madurai, Ramanathapuram, Rajapalayam, Kariakudi and Dindigul and intends to use the proceeds of the issue to expand existing business by establishing retail outlets at Tuticorin, Theni, Nagercoil, Thirunelveli, Kovilpatti and Sivakasi and to renovate the existing outlet at Madurai.
- The Company has achieved a turnover of Rs 247 crores with the PAT of Rs 7.49 crores for the financial year ended March 2009 and for six months period ended September 2009 the Company has achieved a turnover of Rs 209 crores with the PAT of Rs 7.97 crores
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| IPO Grading: |
- The issue has been has graded 3/5 by rating agency Brickwork Ratings, indicating average fundamentals
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| Issue Details: |
| Issue size |
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Rs.29 Crores |
| Face Value |
: |
Rs.29 Crores |
| Floor Price |
: |
Rs.70 |
| Cap Price |
: |
Rs.75 |
| Lot Size |
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80 Equity Shares & in multiples of 80 equity shares. |
| Exchange |
: |
NSE & BSE |
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| Book Running Lead Manager : |
- Keynote Corporate Services Ltd.
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
23,44,20,000 shares (60% of the Net issue size) [ 203,880,000 + 30,540,000] |
| 2. |
HNI |
3,90,70,000 Shares (10% of Net issue size) [33,980,000 + 5,090,000 |
| 3. |
Retail |
11,72,10,000 shares(30% of Net issue size) [101,940,000 + 15,270,000] |
| 4 |
Employees |
Rs.1529Crs (without green shoe) - Rs.1758Crs (with green shoe) (Approximately)
(Note :Total Includes Green Shoe Option Of Up To 50900000 Shares.) |
| Bakers to the Offer
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Bakers to the Offer
ICICI Bank ltd.
HDFC Bank
Axis Bank
Hong Kong and Shanghai Banking Corporation Ltd.
Oriental Bank Of Commerce.
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