Incorporated in 2001, Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. The products of Tara Jewels include fashion, bridal and handmade bespoke jewellery.
Tara Jewels has 4 manufacturing units; 3 in India and 1 in China. Company has over 1800 employees. Company produced 4753.25 kgs of jewellery in fiscal year 2011.
Company's business is mainly divided into 3 operations; manufacturing, exporting and retailing jewellery. Company's product includes gold, platinum, honeydium, and silver jewellery with or without studded precious and semi-precious stones.
Mr. Rajeev Sheth is the promoter of Tara Jewels Limited. He is the chairman and managing Director of the company. Mr. Sheth has approximately 31 years of experience in the jewellery business.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-May-12 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 1,516.56 | 12,814.73 | 10,943.28 | 7,779.67 | 7,038.52 |
| Profit After Tax (PAT) | 53.76 | 523.72 | 395.78 | 245.05 | 69.14 |
The objects of the IPO are to
1. Meet the expenses of establishing retail stores; and
2. Repay or pre-pay loans.
»» Issue Open: Nov 21, 2012 - Nov 23, 2012
»» Issue Type: Book Built Issue IPO
»» Issue Size: 7,977,778 Equity Shares of Rs 10 aggregating up to Rs 183.49 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 225 - Rs 230 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
CARE has assigned an IPO Grade 3 to Tara Jewels Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Tara Jewels IPO Report
| Number of Times Subscribed (BSE + NSE) | ||||||
| As on Date & Time | QIB | NII | RII | Employee | Total | |
| Shares Offered / Reserved | 2,790,055 | 1,184,700 | 2,764,300 | 79,777 | 6,818,832 | |
| Day 1 - Nov 21, 2012 17:00 IST | 0.0000 | 0.0000 | 0.1000 | 0.0000 | 0.0400 | |
| Day 2 - Nov 22, 2012 17:00 IST | 0.0000 | 0.0000 | 0.4000 | 0.0000 | 0.1600 | |
| Day 3 - Nov 23, 2012 19:00 IST | 1.4900 | 3.1000 | 2.0500 | 0.1400 | 1.9800 | |
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Link Intime India Private Ltd » Report
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969
Email: tjl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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