Moksh Ornaments IPO is all about to make its debut on 21 Dec 2017 with issue size of INR 11.03 Cr
Moksh Ornaments is a 2012-founded firm with offices in Mumbai that specializes in the production and wholesale of jewels. The company primarily sells gold jewelry, with bangles, chains, and Mangal sutras among its product offerings. The company hires outside designers to create its items.
The requisite gold is obtained by the company from different local marketplaces and banks. Customers of the business get their jewels hallmarked at an Assaying and Hallmarking Centre approved by BIS.
INDUSTRY OVERVIEW
India, the world’s fourth-largest economy in terms of purchasing power parity, saw the strongest major economic growth in 2016 with a 7.6% annual growth rate. During the same time period, macroeconomic indicators including inflation, the budget deficit, and the current account balance all showed signs of improvement. In order to increase manufacturing, industrial growth, foreign direct investment, and business accessibility, the Indian government established a number of initiatives and programmes. With a GDP contribution of around 6-7%, the gems and jewellery industry is a key force in the Indian economy. 100% of foreign direct investment is permitted in this industry by the Indian government.
Moksh Ornaments IPO Details
| IPO Date | Dec 21, 2017 to Dec 26, 2017 |
| Listing Date | Jan 3, 2018 |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,982,000 shares(aggregating up to ₹11.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 7M FY2018 | |
| Total revenue | 77.3 | 80.9 | 110.9 | 143.0 | 239.9 | 169.4 |
| Total expenses | 77.3 | 80.8 | 110.7 | 142.8 | 235.5 | 166.6 |
| Profit after tax | 0.0 | 0.1 | 0.2 | 0.2 | 2.9 | 1.9 |
Objects of the Issue
The Issue’s goals are:
1. Funding the Company’s operating capital needs
2. Repaying certain unsecured loans that the Company took out.
3. Issue Costs
Moksh Ornaments IPO Prospectus
Company Contact Information
Moksh Ornaments Limited
701, 18/22, Champagali,
7th Floor, Zaveri Bazaar,
Mumbai 400002
Phone: +91-22-61834395
Email: cs@mokshornaments.com
Website: http://www.mokshornaments.com/
Moksh Ornaments IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Moksh Ornaments IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
