DP Abhushan is a retail company that specializes in selling various types of jewellery, including gold, diamonds, and platinum studded with precious and semi-precious stones. Their product portfolio includes a wide range of items such as rings, earrings, armlets, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles, and other wedding jewellery. Currently, the company has four showrooms under the “D.P. Jewellers” brand in four different cities in India, which are operated and managed by them on a rental basis.
The company plans to expand its retail network by opening another showroom in Indore, Madhya Pradesh, by the end of October 2017. They have purchased an area of 10,395 sq ft at DNR 90, Mahatama Gandhi Marg, Yashwant Niwas Road, Indore, for this purpose. This new showroom will be operated and managed by DPAL and will offer a wide range of jewellery items to its customers.
DP Abhushan IPO Details
| IPO Date | Oct 9, 2017 to Oct 11, 2017 |
| Listing Date | Oct 23, 2017 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 5,932,000 shares (aggregating up to ₹16.61 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
DP Abhushan IPO Listing Details
| Listing Date | Oct 23, 2017 |
| BSE Script Code | |
| NSE Symbol | DPABHUSHAN |
| ISIN | INE266Y01019 |
| Final Issue Price | ₹28 per share |
Industry Overview
In India, the jewellery industry is considered one of the fastest-growing retail segments, with a significant contribution to the country’s economy. The Indian jewellery market is diverse and fragmented, with both organized and unorganized players. The organized players are mostly large retailers, including DPAL, who operate in multiple locations and cater to the growing demand for branded and standardized jewellery products.
The jewellery industry in India has been growing at a compound annual growth rate (CAGR) of around 5.5% between 2016-2020, and it is expected to continue growing at a similar pace in the coming years. The growth is driven by factors such as increasing disposable income, changing consumer preferences, rising urbanization, and the popularity of e-commerce platforms for jewellery shopping. The Indian government’s initiatives to promote the jewellery industry, including Make in India and Digital India, are also expected to fuel the growth of the sector.
Company Financials
| DP Abhushan’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 369.0 | 409.4 | 459.9 | 488.2 | 453.7 | |
| Total expenses | 355.9 | 405.9 | 456.9 | 484.0 | 446.1 | |
| Profit after tax | 10.4 | 2.1 | 1.3 | 3.2 | 4.9 | |
Objects of the Issue
The object of the issue are:
1. To meet Working Capital requirements;
2. To meet General Corporate Expenses;
3. To meet Issue Expenses.
Company Contact Information
D P Abhushan Ltd
138, Chandani Chowk,
Ratlam – 457001
Phone: +91-7412- 490966
Email: dpj@dpjewellers.com
Website: http://www.dpjewellers.com
DP Abhushan IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
DP Abhushan IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
