The C Mahendra Exports IPO is a Rs 165.00 crore book-built issuance. Bidding for the C Mahendra IPO began on December 31, 2010 and finished on January 6, 2011. On January 20, 2011, the shares were listed on the BSE and NSE. The price range for C Mahendra’s IPO is set at 95 to 110 rupees per share. An application requires a minimum lot size of 60 shares. Retail investors must make a minimum investment of $6,600.
C Mahendra Exports Ltd., founded in 1978, is a renowned diamantaire and jewelry company engaged in the manufacturing and trading of diamonds, precious stones, and jewelry. It is a diamond and diamond jewelry player that includes rough diamond sourcing, rough and polished diamond trade, diamond processing, and diamond jewelry manufacturing. In 2003, the company launched its flagship brand, “Ciemme,” as a lifestyle brand. This flagship brand sells jewellery such as rings, earrings, necklace sets, and bracelets based on
diverse concepts. They solely offer jewels under the “Ciemme” brand name in the international market. Ciemme (NY) LLC sells diamond jewelry to retail stores in the United States. In the Middle East, it is sold directly to clients.Currently, the company operates two diamond cutting and polishing facilities in Surat: Varachha and Udhana. Ciemme Jewels Limited also operates a jewelry manufacturing facility in Mumbai’s MIDC, Andheri.
To promote cut and polished diamonds to domestic and worldwide markets, C Mahendra Exports has marketing offices in Surat, Mumbai, Delhi, Kolkata, Hong Kong, New York, Los Angeles, and Antwerp. In India, they have 8 (eight) exclusive retail locations and 1 (one) franchisee store. They get diamond grading certificates from reputable diamond certifying agencies such as the GIA (Gemological Institute of America), IGI (International Gemological Institute), and HRD (Hoge Raad voor Diamant).
C Mahendra IPO Details
| IPO Date | December 31, 2010 to January 6, 2011 |
| Listing Date | January 20, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹110 per share |
| Lot Size | 60 Shares |
| Total Issue Size | 15,000,000 shares (aggregating up to ₹165.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
C Mahendra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 60 | ₹6,600 |
| Retail (Max) | 30 | 1800 | ₹198,000 |
C Mahendra IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 7,500,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 2,250,000 (15.00%) | |
| Retail Shares Offered | 5,250,000 (35.00%) | 87,500 |
| Total Shares Offered | 15,000,000 (100%) |
Objects of the Issue (C Mahendra IPO Objectives)
The objects of the issue are to:
- Finance setting up of a diamond processing unit at Gujarat Hira Bourse, SEZ, Ichchhapore, Surat;
- Finance setting up a jewellery manufacturing unit at Mumbai;
- Finance setting up retail outlets;
- Finance brand development expenses;
- Investment in capital of C. Mahendra BVBA;
- General corporate purposes; and
- Achieve the benefits of listing on the stock Exchanges.
C Mahendra Company Financials
| Particulars For the year/period ended (in Rs. millions) | 30-Sep-09 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 |
|---|---|---|---|---|---|
| Total Income | 6,805.55 | 14,311.13 | 14,155.90 | 3,146.88 | 9,495.36 |
| Profit After Tax (PAT) | 75.42 | 210.94 | 402.62 | 163.41 | 245.11 |
C Mahendra IPO Listing Details
| Listing Date | January 20, 2011 |
| BSE Script Code | 533304 |
| NSE Symbol | CMAHENDRA |
| ISIN | INE378J01013 |
| Final Issue Price | ₹110 per share |
C Mahendra Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹110.00 | ₹110.00 |
| Open | ₹111.00 | ₹114.00 |
| Low | ₹110.00 | ₹110.00 |
| High | ₹120.90 | ₹121.00 |
| Last Trade | ₹110.85 | ₹110.75 |
C Mahendra Exports Ltd Contact Details
C Mahendra Exports Ltd
1204 Panchratna,
12th Floor, Opera House,
Mumbai 400 004
Phone: +91 22 2363 1487
Email: [email protected]
Website: http://www.cmahendra.com
C Mahendra IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
C Mahendra IPO FAQs:
Q1. What is C Mahendra IPO?
Ans. C Mahendra IPO is a main-board IPO of 15,000,000 equity shares of the face value of ₹10 aggregating up to ₹165.00 Crores. The issue is priced at ₹95 to ₹110 per share. The minimum order quantity is 60 Shares. The IPO opens on December 31, 2010, and closes on January 6, 2011. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When C Mahendra IPO will open?
Ans. The C Mahendra IPO opens on December 31, 2010 and closes on January 6, 2011.
Q3. What is the lot size of C Mahendra IPO?
Ans. C Mahendra IPO lot size is 60 Shares, and the minimum amount required is ₹6,600.
Q4. When is C Mahendra IPO allotment?
Ans. The finalization of Basis of Allotment for C Mahendra IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is C Mahendra IPO listing date?
Ans. The C Mahendra IPO listing date is on January 20, 2011.
