RO Jewels Limited
IPO Details
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RO Jewels Limited's successfully completed its Initial Public Offering and commenced trading on Mar 25, 2020 at the BSE exchange. The company raised 13,65,000 Shares through this public offering, comprising TBD in fresh capital.
The IPO was priced within the band of ₹36 to ₹36, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from Mar 12, 2020 to Mar 17, 2020.
Share allotment was finalized on Mar 20, 2020, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
RO Jewels, established in 2018, is a wholesale jewellery business based in Ahmedabad that deals in gold and silver chains along with products such as necklaces, bars, bracelets, and chains in both metals. To expand its operations, the company acquired M/s Ravi Ornaments on December 18, 2019. RO Jewels sources ready-made jewellery from independent wholesalers and manufacturers located in Mumbai and Ahmedabad and operates a showroom at Manek Chowk, Ahmedabad, where products are displayed and sold. Along with retail sales, the company follows a B2B model by supplying jewellery to other stores, offering collections in Indo-western, traditional, and modern designs, with all gold jewellery carrying BIS Hallmark certification to ensure purity and authenticity.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Well-known brand in the local market
- Strong, long-term business partnerships
NA
- Mr. Bharat Rasiklal Shah
- Mrs. Pravinaben Shah
- Mr. Shubham Bharatbhai Shah
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