IPO – Shree Ganesh Jewellery House Limited
Shree Ganesh Jewellery House Limited is entering in the capital markets with an initial public offering, IPO of 14,269,831 Equity Shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue.
Jewellery maker and exporter Shree Ganesh Jewellery House has set a price band of Rs 260-270 per share at upper level for equity share of Rs 10/- in initial public offering (IPO).
Incorporated in 2002, Shree Ganesh Jewellery House Limited is one of the largest manufacturers and exporters of handcrafted gold jewellery in India. Company’s products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. There portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions.
The issue opens on Mar 19, 2010, and closes for subscription on Mar 23, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Shree Ganesh also plans to set up units in Dubai and Singapore and expand its export footprint into new geographies such as Europe, Australia and Africa. The Middle East, Singapore and Hong Kong are the major export markets for the firm.
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[...] Shree Ganesh Jewellery House IPO is open from March 19 to 23. On offer are 14,269,831 shares, of which 2,133,334 shares are an offer for sale. The book running lead managers are Axis Bank, ICICI Securities and Avendus Capital. [...]