DP Abhushan Ltd

dp abhushan

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:

  1. Mr.Vikas Kataria (Designation:Chairman and Managing Director)
  2. Mr.Santosh Kataria (Designation: Whole – Time Director)
  3. 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:
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:
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 Website



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%