Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.
The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.
Competitive Strengths
- Use of the established Brand name.
- Cordial relationship with our customers.
- Experience of our Promoters.
- Design, Innovation and Product range.
- Prime Location of the Showroom.
Company Promoters
Mr. Tilok Chand Bardia, Mr. Nikesh Bardia, and Mr. Nitin Kumar Bardia are the company promoters.
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 3,398.90 | 3,197.30 | 3,174.94 | 2,745.60 |
| Total Revenue | 4,436.05 | 7,868.89 | 6,490.63 | 8,192.05 |
| Profit After Tax | 83.06 | 376.94 | 155.25 | 100.19 |
Objects Of The Issue
Requirement of Funds and Utilization of Net Proceeds:
- To meet Working Capital requirements.
- General Corporate Purpose.
Eighty Jewellers IPO Details
| IPO Opening Date | Mar 31, 2022 |
| IPO Closing Date | Apr 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹41 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,700,000 Eq Shares of ₹10 (aggregating up to ₹11.07 Cr) |
| Fresh Issue | 2,700,000 Eq Shares of ₹10 (aggregating up to ₹11.07 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Eighty Jewellers IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹123,000 |
| Maximum | 1 | 3000 | ₹123,000 |
Eighty Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Eighty Jewellers IPO Prospectus
Company Contact Information
| Eighty Jewellers Limited Anup Plaza Sadar Bazar, Raipur, Chhattisgarh, 492001 Phone: +91-0771-2234737 Email: info@eightyjewels.in Website: https://eightyjewels.in/ |
Eighty Jewellers IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: http://www.bigshareonline.com |
Eighty Jewellers IPO FAQs
| When Eighty Jewellers IPO will open? The Eighty Jewellers IPO dates are 31 March 2022 To 05 April 2022 |
| What is the lot size of Eighty Jewellers IPO ? Eighty Jewellers IPO lot size and the minimum order quantity is 3000 Shares. |
| How to apply for Eighty Jewellers IPO ? You can apply in Eighty Jewellers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Eighty Jewellers IPO listing date? The Eighty Jewellers IPO listing date is announced. The date of Eighty Jewellers IPO listing is []. |
