Palm Jewels IPO, Review, IPO Performance by IPOPlatform India

About Palm Jewels

Company Information

Plam Jewels is engaged in the wholesale business of gold jewellery. Their registered office and business of operation is based in Ahmedabad. They essentially sell gold based chains, bracelets and necklaces. They outsource the manufacturing of their jewellery through job workers based in Ahmedabad and Mumbai. The major raw material used for making their products is gold & silver. They procure gold & silver majorly through the bullion market and partially from the local markets in Ahmedabad. Gold bars and other necessary material are provided to the job workers who are based either in Ahmedabad and Mumbai. However, no formal agreement has been executed with either of these job workers. The finished jewellery is sold by their marketing and sales team directly to other jewellery

Object of Issue

To meet the working capital requirement
To meet the expenses of the Issue

Palm Jewels SME IPO Details (at the time of IPO)

IPO Type :

Fixed Price

IPO Date :

Jun, 2018

IPO Size :

8.90 Cr.

IPO Subscription :

1.16 X

PE Multiple :

46.00

Merchant Banker :
First Overseas Capital Limited

IPO Registrar:
Kfin Technologies Limited

Anchor Investors:

FAQs

1. What is Palm Jewels IPO?

Palm Jewels operates in Jewellery and Wholesale Business Of Gold Jewellery. The Issue is listed on BSE SME in Jun, 2018. Palm Jewels IPO size was 8.90 Cr. with Issue price of 30.00 .

2. Who is the merchant banker of Palm Jewels IPO?

Merchant Banker(s) of Palm Jewels IPO: First Overseas Capital Limited

3. How many times Palm Jewels IPO was subscribed?

Palm Jewels IPO subscription was 1.16 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Palm Jewels IPO?

Palm Jewels IPO listed at a listing price of 35.85 against the offer price of 30.00.

5. What is the current market price of Palm Jewels IPO?

The current market price of Palm Jewels is 32.49.