About the Company:
Moksh Ornaments is in the business of manufacture and wholesale of jewellery and head quartered at Mumbai, Maharashtra.The jewelleries are manufactured on job work basis at Kolkata and Mumbai.
They primarily sell gold jewellery and their product profile includes bangles, chain, and mangalsutra.
Company’s focus is on developing new designs that meet customer’s requirements as well as cater to their tastes and specifications.They get the products designed by third party designers.
Company’s products are manufactured on job work basis from third parties located at Kolkata and Mumbai.
They get the jewelleries designed from third parties designers. The sample of such designed jewelleries are shown to the customers and on approval of the designs,they get the approved designed products manufactured in desired quantities from the third parties.
They offer regular designs and guarantee their esteemed customers for the time bound delivery of the products.their customers get the jewellery hallmarked from BIS recognized Assaying and Hallmarking Centre.
Some of the major customers include Nakshatra Jewellery, P.N. Gadgil & Sons, Ranka Jewellers, P.N. Gadgil Jewellers Private Limited, etc.
Company’s Major Customers:
Management Team:
- Mr.Amrit J. Shah (Designation: Managing Director)
- Mr.Jawanmal M. Shah (Designation: Whole-Time Director)
- Ms. Sangeeta A. Shah (Designation: Non-Executive Director)
Promoters Average Acquisition Cost:
Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
---|---|---|
Amrit J. Shah | 31,00,001 | 9.67 |
Jawanmal M. Shah | 31,00,005 | 9.67 |
Promoters Stake Pre & Post Issue:
Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
---|---|---|
Promoters | ||
Amrit J. Shah | 40 | 28.89 |
Jawanmal M. Shah | 40 | 28.89 |
Promoter Group Entities | 20 | 14.44 |
Total | 100% | 72.21% |
Objectives of the Issue:
- Funding of working capital requirements of the Company
- Repayment of certain Unsecured Loan availed by our Company
- Issue Expenses
Fund Utilization:
Particulars | Amount (Rs. in Crores) |
---|---|
Working capital requirements of the Company | 7.42 |
Repayment of certain Unsecured Loan availed by our Company | 3.0 |
Issue Expenses | 0.61 |
Net Proceeds | 11.03 cr |
Financials of the Company:
(in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Oct 17 |
---|---|---|---|---|---|---|
Revenue | 77.33 | 80.94 | 110.90 | 143.01 | 239.93 | 169.43 |
Net Profit | 0.032 | 0.13 | 0.17 | 0.15 | 2.87 | 1.89 |
Valuation of Peer Group Companies:
Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
---|---|---|---|---|---|
Moksh Ornaments Limited | 10 | 5.56 | 6.65 | 26.47 | 21.02 |
Thangamayil Jewellery Ltd. | 10 | 10.17 | 65.63 | 9.21 | 110.42 |
Tribhovandas Bhimji Zaveri Ltd. | 10 | 2.78 | 43.65 | 4.02 | 69.08 |
PC Jeweller Ltd | 10 | 24.05 | 18.03 | 12.79 | 187.94 |
IPO Details:
Details | Info |
---|---|
Issue Opens on | 21st December 2017 |
Issue Closes on:. | 26th December 2017 |
Issue Price | Rs.37 |
Face Value | Rs.10 |
Minimum Lot | 3000 |
Minimum Investment | Rs.1,11,000 |
Issue Constitutes | 27.79% |
Issue Size | Rs.11.03 cr |
Market Cap | Rs.39.70 cr |
Listing at | NSE SME |
Total Equity Shares Offered (Fresh) | 29,82,000 |
Equity Shares Prior | 77,50,011 |
Equity Shares after the issue | 1,07,32,011 |
IPO Valuation Parameters:
Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
---|---|---|---|
5.56 | 6.65 | 26.47% | 21.02 |
Markets Guruji Opinion:
IPO View | Apply For: | Expected listing Gain: |
---|---|---|
Susbcribe | Long Term | 15% |
Check IPO Allotment Status: |
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Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Company Contact Info: |
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Moksh Ornaments Ltd 701, 18/22, Champagali, 7th Floor, Zaveri Bazaar, Mumbai-400002 Tel: +91-22-61834395; Email: info@mokshornaments.com ; Website: www.mokshornaments.com |
IPO Registrar Info: |
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BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400059 Tel : +91-22-62638200 Fax : +91-22-62638299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com |
Lead Manager to the Issue: |
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GUINESS CORPORATE ADVISORS PRIVATE LIMITED 18 Deshapriya Park Road, Kolkata – 700 026, West Bengal, India Tel: +91 – 33 – 3001 5555 Fax: +91 – 33 – 3001 5531 Email:gcapl@guinessgroup.net Grievance Email: gcapl.mbd@guinessgroup.net Website: www.guinessonline.net |