The Palm Jewels date has been confirmed from May 25, 2018 and ended on June 4, 2018. Read the post to learn about the Palm Jewels IPO GMP.
Palm Jewels Developers IPO is a fixed price issue of Rs 8.90 crores. The price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Palm Jewels IPO
Bidding Dates
May 25-June 4
Price Range
₹30 per share
Face Value
₹10 per share
GMP
₹17.59
Palm Jewels IPO GMP
The Palm Jewels IPO GMP Today is ₹17.59.
Palm Jewels IPO Overview
The Palm Jewels IPO has a fixed price of Rs 8.90 crores. Palm Jewels’ initial public offering (IPO) bidding began on May 25, 2018, and ended on June 4, 2018. The Palm Jewels IPO allotment was completed on Wednesday, June 6, 2018. On June 12, 2018, the shares were listed on the BSE SME. The IPO price for Palm Jewels is ₹30 per share. An application requires a lot size of 4000 shares.
Retail investors must invest a minimum of ₹120,000 to participate. Customers include M/s. Zaverat, Mehta Ornaments Private Limited, Shah Chinubhai Ramniklal Co., and Shubhlaxmi Jewellers. Palm Jewels currently employs eleven people.
Palm Jewels IPO Details
| IPO Date | May 25, 2018 to June 4, 2018 |
| Listing Date | June 12, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,968,000 shares (aggregating up to ₹8.90 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 152,000 shares |
Palm Jewels Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 163.08 | 36.62 | 35.93 | 34.87 | 33.54 | |
| Total Revenue | 552.38 | 157.48 | 97.91 | 41.63 | 118.89 | |
| Profit After Tax | 1.54 | 0.53 | (0.35) | 0.19 | 0.14 | |
Palm Jewels IPO Timeline
| IPO Open Date | Friday, May 25, 2018 |
| IPO Close Date | Monday, June 4, 2018 |
| Basis of Allotment | Wednesday, June 6, 2018 |
| Initiation of Refunds | Thursday, June 7, 2018 |
| Credit of Shares to Demat | Thursday, June 7, 2018 |
| Listing Date | Tuesday, June 12, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 4, 2018 |
Company Profile
Palm Jewels Limited, situated in Gujarat, was founded in 2005 and is in the wholesale business of gold jewellery. The company sells gold chains, bracelets, and necklaces. It outsources the jewellery manufacturing to job workers in Ahmedabad and Mumbai. Gold and silver are the primary raw materials utilised in the production of the items. Gold bars and other necessary materials are distributed to job workers in Ahmedabad and Mumbai. The company’s marketing and sales team sells the final jewellery directly to other retailers. Only
through B2B marketing and/or direct/outbound marketing strategies is the jewellery widely offered throughout Gujarat.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Palm Jewels Limited |
| Phone number | +91 79 40052056 |
| Email ID | [email protected] |
| Website | palmjewels.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Palm Jewels IPO FAQs
When Palm Jewels IPO will open?
The Palm Jewels IPO opens on May 25, 2018 and closes on June 4, 2018.
What is the lot size of Palm Jewels IPO?
Palm Jewels IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
When is Palm Jewels IPO allotment?
The finalization of Basis of Allotment for Palm Jewels IPO will be done on Wednesday, June 6, 2018, and the allotted shares will be credited to your demat account by Thursday, June 7, 2018.
When is Palm Jewels IPO listing date?
The Palm Jewels IPO listing date is on June 12, 2018.
Leave a Reply