About the Company:
Gautam Gems was principally incorporated as a Manufacturer and Trader of rough and polished diamonds.Company’s registered and corporate office is located in Surat, which is the diamond hub of India.
They sell diamonds of multiple category, shape, cut, size and color. The range of diamonds they manufacture and trade in, purely depends on the demand and supply of diamonds in the local markets.
The polishing of the rough diamonds purchased by them is done in-house at our registered and corporate office.They maintain stock of various shaped diamonds depending on the customer demand.
Further, the sales of rough and polished diamonds depends on the kind of demand from customer with whom they are dealing with. Such as the polished diamonds are majorly purchased by jewellery manufacturers, jewellery wholesalers, jewellery retailers, jewellery traders, diamond wholesalers, diamond retailers and their rough diamonds are majorly purchased by rough diamond traders and diamond manufacturers.
In order to compete in the diamond market, they have created and maintained an independent sales and distribution network for their products within the domestic markets.
Further,they have developed and maintained long-term and stable relationships with their key suppliers and key customers although they have not entered into any formal contracts with either of them.
Management Team:
- Mr. Gautam P Sheth (Designation: Managing Director)
- Mrs. Nidhi G Sheth (Designation: Whole-Time Director)
- Mrs. Kanchanben P Sheth (Designation: Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Gautam P Sheth | 32,23,008 | 15.52 |
| Mrs. Nidhi G Sheth | 82,880 | 0.36 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Mr. Gautam P Sheth | 95.04% | 58.69% |
| Mrs. Nidhi G Sheth | 2.44% | 1.51% |
| Promoter Group Entities | 2.49% | 1.53% |
| Total | 99.97% | 61.74% |
Objectives of the Issue:
- To meet working capital requirement.
- To meet the expenses of the Issue.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 7.27 |
| Issue Expenses Expenses | 0.29 |
| Net Proceeds | 7.56 crores |
Financials of the Company: (in Lakhs)
| (in Lakhs) | FY 14 | FY 15 | FY 16 | FY 17 | 30th Nov 17 |
|---|---|---|---|---|---|
| Revenue | 3.5 | 3.63 | 3.78 | 4.35 | 1154.25 |
| Net Profit | 0.01 | 0.03 | 0.01 | 0.06 | 40.75 |
Valuation of Peer Group Companies: (Upto 30th Nov 2017)
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Gautam Gems Limited | 10 | 1.24 | 29.03 | 7.18 | 16.73 |
| Swarnsarita Gems Limited | 10 | 1.90 | 10.60 | 1.80 | 40.40 |
| Sagar Diamonds Ltd | 10 | 2.14 | 21.0 | 97.80 | 10.44 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 24th January 2018 |
| Issue Closes on:. | 30th January 2018 |
| Issue Price | Rs.36 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,08,000 |
| Issue Constitutes | 27.07% |
| Issue Size | Rs.7.56 cr |
| Market Cap | Rs.19.76 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 21,00,000 |
| Equity Shares Prior to the Issue | 33,91,108 |
| Equity Shares after the issue | 54,91,108 |
Important Dates:
| Finalization of Basis of Alottment | on or Before 2nd February 2018 |
| Initiation of Refunds | on or Before 5th February 2018 |
| Credit of Equity Shares: | on or Before 5th February 2018 |
| Listing Date: | on or Before 7th February 2018 |
IPO Valuation Parameters: (Upto FY 17)
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 0.60 | 60 | 5.41% | 11.10 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on below Link)http://kosmic.karvy.com:81/ipotrack/ |
| Company Contact Info: |
|---|
| Gautam Gems Ltd 3rd Floor, Office – 301, Sumukh, Super Compound, Vasta Devadi Road, Surat 395004, Gujarat, India Tel No.: +91 261 25538046 Email Id: complianceggl@gmail.com Website: www.gautamgems.com |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 India Tel. No.: 1-800-3454001/ +91 40 6716 2222 Fax No.: +91 40 2343 1551 E-mail: einward.ris@karvy.com Grievance Email: gautamgems.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street, Mumbai-400 001 Tel. No.: +91 224050 9999 Fax No.: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Investor Grievance Email: investorcomplaints@focl.in Website: www.focl.in |
