Eighty Jewellers was incorporated on September 15, 2010. The company is a part of the Anopchand Tilokchand group which is a brand in the Jewellery sector since many decades in and around Chhattisgarh. The company is currently engaged in the trading of various jewelleries, ornaments, watches and luxury articles made out of gold, silver, iamonds and platinum studded with precious and semi-precious stones under the B2B model in the name “Anopchand Tilokchand Jewellers”.
| Bidding Dates |
|---|
| 31 Mar 2022 - 05 Apr 2022 |
| Subscription |
|---|
| 2.45x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,000 | 1 | 1 | 3000 | 2.7 M | ₹41 | 73.53 % | ₹110.7 M | RHP DOC |
Eighty Jewellers IPO SUBSCRIPTION STATUS
05 Apr '22Eighty Jewellers IPO overall subscription rate was 2.45 times the total available shares
Eighty Jewellers IPO retail subscription rate was 2.03 times in the retail segment
Eighty Jewellers IPO non-institutional investor subscription rate was 2.88 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
05 Apr 2022 (Day 4) | 2.03x | 2.88x | - |
31 Mar 2022 (Day 1) | 0.07x | 0.72x | - |
01 Apr 2022 (Day 2) | 0.12x | 0.82x | - |
04 Apr 2022 (Day 3) | 0.46x | 1.24x | - |
Eighty Jewellers FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| H1FY22 | 8.3 | 441.4 | 1.4 | 1.4 |
| FY21 | 37.7 | 783.1 | 61.8 | 61.6 |
| FY20 | 15.5 | 645.3 | -15.7 | -15.8 |
| FY19 | 10.0 | 815.9 | 18.8 | 18.7 |
Eighty Jewellers IPO SUBSCRIPTION STATUS DETAILS
Eighty Jewellers had 2.7 M shares on offer
Eighty Jewellers IPO offer price was ₹41
Eighty Jewellers IPO minimum Investment was ₹123000
Eighty Jewellers IPO issue size was ₹ 110.7 M
Eighty Jewellers had a minimum lot size of 3000 Shares per application
Eighty Jewellers NUMBER OF SHARES ON OFFER
Eighty Jewellers IPO IMPORTANT DATES
| Issue Open Date | 31 Mar 2022 |
| Issue close Date | 05 Apr 2022 |
| Allotment Date | 08 Apr 2022 |
| Refund Date | 11 Apr 2022 |
| Demat Account Credit Date | 12 Apr 2022 |
| Listing Date | 13 Apr 2022 |
| Listing on Exchange(s) | BSE |
| Eighty Jewellers Allotment Status | Exchange |
Eighty Jewellers IPO subscription opened on 31 Mar 2022, and closed on 05 Apr 2022
IPO allotment for Eighty Jewellers was finalized on Friday, 08 Apr 2022
IPO listing for Eighty Jewellers was on BSE on Wednesday, 13 Apr 2022
Eighty Jewellers IPO LISTING GAINS
| Issue Price (adjusted) | 41.0 |
| Listing Open Price | 42.0 |
| Listing Close Price | 44.1 |
| Listing Gain% | 2.4% |
| Current Gain% | -7.6% |
Eighty Jewellers Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Eighty Jewellers Ltd. | 37.9 | 38.7 | 4 | 0 | 0.3 | 26.5 | 13.1 | 128.5 | 17.1 | 9.7 | 426 | 9.6 | 426 |
| Titan Company Ltd. | 4941 | 438655.2 | 76.2 | 1.4 | 4.7 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 606.3 | 62615.7 | 43.6 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5275 | 16404 | 41.9 | 0.2 | 1.7 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 814.5 | 12441.4 | 220.9 | 1.7 | 4.6 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 719.4 | 11141.6 | 40.5 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 107.5 |
Eighty Jewellers INFORMATION ON IPO ISSUE
About Eighty Jewellers
Eighty Jewellers was incorporated on September 15, 2010. The company is a part of the Anopchand Tilokchand group which is a brand in the Jewellery sector since many decades in and around Chhattisgarh. The company is currently engaged in the trading of various jewelleries, ornaments, watches and luxury articles made out of gold, silver, iamonds and platinum studded with precious and semi-precious stones under the B2B model in the name “Anopchand Tilokchand Jewellers”.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
Eighty Jewellers - PROMOTERS
| Name |
|---|
| Tilok Chand Bardia |
| Nikesh Bardia |
| Nitin Kumar Bardia |
Eighty Jewellers Lead Manager
Hem Securities Limited
b@hemsecurities.com
Eighty Jewellers Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Eighty Jewellers Strengths
Use of the established brand name
Anopchand Tilokchand Jewellers has established itself as a renowned brand in Central India and the adjoining areas.
Cordial relationship with customer
The company maintains a cordial relationship with sub-franchisee and retailer store partners by strategically aligning offerings with their requirements
Design, Innovation and Product range
wide range of product offerings caters to diverse customer segments, from the value market to high-end customized Jewellery
Eighty Jewellers Risks
Dependent on master francise
The business wholly depends on the Master franchisor –Anopchand Tilokchand Jewellers
Limited customers
Being in a B2B model the company has a limited number of customers any loss of the existing customer could adversely affect business, results of operations, and financial condition
Outstanding litigation
There are certain outstanding legal proceedings involving company, promoters, directors and group companies
IPO FAQs
Eighty Jewellers Ltd. IPO listing opened at Rs 42.00 while the issue price was Rs 41.00 giving 2.44% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 41.00 giving -7.56% gains since its IPO listing.
The promoters of the company are Tilok Chand Bardia, Nikesh Bardia and Nitin Kumar Bardia.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 41.0 - 41.0.
The IPO application opens on Mar 31, 2022 and closes on Apr 05, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 123,000.0, the maximum value for this IPO is Rs 123,000.0.
This IPO will be allotted on Apr 08, 2022.
The refund will be credited to your account on Apr 11, 2022.
The allotted shares will be credited to your demat on Apr 12, 2022.
Eighty Jewellers Ltd.’s shares listed on the stock exchanges on Apr 13, 2022.