About the Company:
Shubhlaxmi jewel Art Ltd is engaged in the retail and wholesale business of various jewelleries and ornaments made out of gold, silver, diamonds and platinum studded with precious and semi-precious stones.
Company’s portfolio includes necklace, Mangalsutra, Patla, chains, mala, kandoro, poncho, payal, rings, armlet, pendants, bracelets, bangles and other wedding jewelleries.
Company’s products have presence across different price points and cater to customers across high-end, mid-market and value market segments.
The ornaments are also made to order as per specific requirements by the customers and the same are manufactured by third party manufacturers on job work basis.
Further, they also purchase readymade jewelleries from independent jewellers. In addition to the retail operations, Company also sell the jewelleries on a wholesale basis to other jewellery retailers in Gujarat.
Company’s showroom is located at Bhavnagar. This showroom was set up in the year 2013 having total area of 27,000 sq. ft. Further, company is also setting up their own manufacturing facility in Bhavnagar to cater the demands of the local customers
Revenue Breakup: (in Lakhs)
Management Team:
- Mr. Narendrasinh Chauhan (Designation: Chairman & Managing Director)
- Mr. Jitendrakumar Chauhan (Designation: Whole Time Director)
- Ms. Jagrutiben Chauhan (Designation: Executive Director)
Objectives of the Issue:
- Funding the working capital requirements of the Company.
- General corporate purposes.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 6.97 | 45.14 | 47.43 | 43.43 | 46.85 |
| Net Profit | 0.03 | 1.29 | 0.36 | 0.64 | 0.82 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Shubhlaxmi Jewel Art Ltd | 10 | 1.42 | 18.29 | 14.86% | 9.57 |
| D.P. Abhushan Ltd | 10 | 4.22 | 11.42 | 19.83% | 18.46 |
| Moksh Ornaments Ltd | 10 | 5.28 | 3.61 | 15.17% | 24.06 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 22nd November 2018 |
| Issue Closes on:. | 27th November 2018 |
| Issue Price | Rs.26 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 Shares |
| Minimum Investment | Rs.1,04,000 |
| Issue Constitutes | 30.15% |
| Issue Size | Rs.6.51 cr |
| Market Cap | Rs.21.59 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 25,04,000 |
| Equity Shares Prior to the Issue | 58,00,000 |
| Equity Shares after the Issue | 83,04,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt/ Equity Ratio |
|---|---|---|---|---|
| 1.42 | 18.29 | 14.86% | 9.57 | 1.69 |
| Check IPO Allotment Status: |
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Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
Reviews of Current & Upcoming IPOs:
| Company Contact Info: |
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| SHUBHLAXMI JEWEL ART LIMITED Shop No. 1, Ground Floor, “D & I Excelus”, Waghawadi Road, Bhavnagar -364002, Gujarat, India Tel: +91 278 2562600 Fax: Not Available Email: info@shubhlaxmiltd.in Website: www.shubhlaxmiltd.in |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083, India Tel: 022-49186200; Fax: 022-49186195; Email: shubhlaxmi.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
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| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 6194 6700 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
