Incorporated in 2013, Bhavnagar, Gujarat based Shubhlaxmi Jewel Art Limited is a company engaged in the business of jewellery and ornaments. The company is engaged in both the retail and wholesale business.
The product portfolio of the company includes a wide range of jewellery made of gold, silver, diamond and platinum studded with precious and semi-precious stones.
Shubhlaxmi Jewel Art has its own showroom located at Bhavnagar. The company is also setting up a manufacturing facility in the city to cater to the demands of the local customers.
The company's total revenue was Rs 4684.92 lakhs, Rs 4343.54 lakhs and Rs 4743.39 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
The EBITDA was Rs 264.65 lakhs, Rs 262.28 lakhs and Rs 244.39 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
The PAT was Rs 82.43 lakhs, Rs 64.80 lakhs and Rs 36.78 lakhs for 2017-18, 2016-17 and 2015-16 respectively.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Funding working capital requirements of the Company | ₹5 |
| 2 General Corporate Purpose | ₹1 |
| Metric | 31-May-18 | 01-May-18 | 31-Mar-18 |
|---|---|---|---|
| Total Assets | 1,773 | 1,790 | 1,782 |
| Revenue | 204 | 409 | 4,685 |
| PAT | 4 | 12 | 82 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,188,000 (47%) | — |
| Retail (RII) | — | 1,188,000 (47%) | — |
| Market Maker | — | 128,000 (5%) | — |
| Total | — | 2,504,000 (100%) | — |
* Amount calculated at upper price band (₹26) · ** Total includes all investor categories
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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