About the Company:
D.P Abhushan is engaged in the retail business of various jewelleries and ornaments made out of gold, diamonds and platinum studded with precious and semi-precious stones.
Company’s Registered Office is at 138, Chandni Chowk, Ratlam, Madhya Pradesh – 457-001
Company’s portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles and other wedding jewellery.
Company operates four showrooms under the “D.P. Jewellers” brand located in four different cities of India i.e. Ratlam, Indore, Bhopal and Udaipur.
All of these showrooms are operated and managed by them, and has been taken on rental basis.
Company also has plans to expand the retail network by opening another showroom in Indore, Madhya Pradesh.
The manufacturing of jewellery products are done through job work from third parties.
They have also entered into an agreement with R.S. Diamonds Private Ltd for sale of their diamond jewelleries under brand of “Divine Solitaires” from their retail outlets.
Company has also ventured into green energy business and has installed 5 wind turbine generators of 750 KW each in Village Bagia & Naveli, Ratlam, Madhya Pradesh.
Company entered into an agreement with MPPMCL (M.P. Power Management Co. Ltd.) for exclusive sale of power, generated from wind turbine generators to MPPMCL.
Awards Received by the Company in recent times:
- “Best Promising Gems & Jewellery” Award in 2017 by Indian Bullion and Jewellers Association Ltd.
- “Best Bridal Jewellery of the year (Under Rs. 15 lakhs)” Award by IJ Jewellers in 2016.
- Madhya Pradesh Entrepreneur & Excellence Award Indore for “Trusted Brand of the year” in 2016.
Management Team:
- Mr.Vikas Kataria (Designation:Chairman and Managing Director)
- Mr.Santosh Kataria (Designation: Whole – Time Director)
- Mrs. Renu Kataria (Designation: Non-Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Anil Kataria | 59,51,230 | 10.00 |
| Mr. Vikas Kataria | 6,07,330 | 10.00 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters (A) | ||
| Mr. Anil Kataria | 36.4 6 | 26.7 4 |
| Mrs. Renu Kataria | 7.37 | 5.41 |
| Mr. Vikas Kataria | 3.72 | 2.73 |
| Mr. Santosh Kataria | 3.72 | 2.73 |
| Mr. Sanjay Kataria | 1.23 | 0.90 |
| TOTAL (A) | 59.85% | 43.90% |
| Promoter Group Entities (B) | 41.15% | 29.45% |
| Total (A+B) | 100% | 73.35% |
Objectives of the Issue:
- To meet Working Capital requirements.
- To meet General Corporate Expenses
- To meet Issue Expenses.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 14.5 |
| General Corporate Expenses | 1.31 |
| Issue Related Expenses | 0.79 |
| Net Proceeds | 16.60 |
| Company Contact Info: |
|---|
| DP Abhushan Ltd (DP Jewellers) 19, Chandani Chowk, Ratlam-457001, Madhya Pradesh, India Tel. No. +91-7412-490966, Fax No. +91-7412-302822 E-mail: dpj@dpjewellers.com Website: www.dpjewellers.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400059 Maharashtra, India Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Email: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown,Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 4906 0000 Fax No.: +91- 022- 2262 5991 Website: www.hemsecurities.com Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com |
| Check IPO Allotment Status: |
|---|
Bigshare Websitehttp://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 |
|---|---|---|---|---|---|
| Revenue | 368.97 | 409.45 | 459.89 | 488.22 | 453.71 |
| Net Profit | 10.42 | 2.15 | 1.31 | 3.24 | 4.88 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW (%) | NAV |
|---|---|---|---|---|---|
| Thangamayil Jewellery Ltd. | 10 | 13.90 | 26.15 | 9.21 | 117.44 |
| Tribhovandas Bhimji Zaveri Ltd | 10 | 3.28 | 38.39 | 3.27 | 69.95 |
| PC Jeweller Ltd. | 10 | 11.66 | 30.11 | 12.56 | 93.92 |
| D. P. Abhushan Limited | 10 | 2.99 | 9.32 | 22.86 | 13.14 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 9th October 2017 |
| Issue Closes on:. | 11th October 2017 |
| Issue Price | Rs.28 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 |
| Minimum Investment | Rs.1,12,000 |
| Issue Constitutes | 26.65% |
| Issue Size | Rs.16.60 cr |
| Market Cap | Rs.62.31 cr |
| Listing at | NSE SME |
| Equity Shares Offered | 59,32,000 |
| Equity Shares Prior | 1,63,22,850 |
| Equity Shares after the issue | 2,22,54,850 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.99 | 9.32 | 22.78% | 13.13 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Listing Gain | 20% |
