Gautam Gems IPO is all about to make its debut on 24 Jan 2018 with issue size of INR 7.56 Cr
Gautam Gems Ltd., a firm situated in Surat, Gujarat, was founded in 2014 and specialises in the production and trade of polished and unpolished diamonds. The business buys the raw diamonds and polishes them internally at its Surat location. The polished diamonds are offered for sale to jewellery producers, jewellers, jewellers wholesalers, jewellers retailers, jewellers merchants.
Additionally, the business offers rough diamonds to domestic diamond producers and rough diamond merchants. The business has a separate sales and distribution network for its goods in domestic markets.
INDUSTRY OVERVIEW
Over 2.5 million people are employed by the Indian Gems and Jewellery business, which also contributes between 6 and 7 percent of the nation’s GDP and over 2.5 million jobs to the worldwide jewellery market. It is a labor-intensive, export-oriented sector that is rapidly expanding, making it a focus of the Indian government’s efforts to promote exports. Due to its low wage costs, highly qualified workforce, and favourable government laws for the cutting and polishing of diamonds, India is regarded as the centre of the world’s jewellery sector.
Being open to 100% foreign direct investment, the industry has been a key contributor to the nation’s foreign exchange gains. The ancient expertise of the jewellery industry in India has been passed down through the years and combined with modern methods, bringing it closer to the trends of the international market.
Gautam Gems IPO Details
| IPO Date | Jan 24, 2018 to Jan 30, 2018 |
| Listing Date | Feb 7, 2018 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,100,000 shares(aggregating up to ₹7.56 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Objects of the Issue
The following goals are recommended for the Company to pursue using the Net Proceeds from the Issue:
1. To fulfil the need for operating cash
2. To cover the costs associated with the issue
Gautam Gems IPO Prospectus
Company Contact Information
Gautam Gems Limited
3rd Floor, Office – 301, Sumukh,
Super Compound,
Vasta Devadi Road, Surat 395004
Phone: +91 261 2538046
Email: complianceggl@gmail.com
Website: http://www.gautamgems.com/
Gautam Gems IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Gautam Gems IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
