Business Standard

D.P. Abhushan Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

16.61 cr

Price Range (₹)

28

Lot Size

4000

Min Investment (₹)

1,12,000.00

Listing Exchange

NSE - SME

Open Date

09-Oct-2017

Close Date

11-Oct-2017

Listing Date

23-Oct-2017

D.P. Abhushan Ltd News

    The Shares of D.P. Abhushan Ltd have now been listed.

    D.P. Abhushan Ltd IPO Details

    Initial public issue of 59,32,000 equity shares of face value of Rs. 10 each (equity shares) of D. P. Abhushan Limited (company or issuer) for cash at a price of Rs. 28 per equity share (including a share premium of Rs. 18 per equity share) (issue price) aggregating to Rs. 16.61 crores (issue ) of which 3,00,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 28 per equity share, aggregating to Rs. 0.84 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 56,32,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 28 per equity share aggregating to Rs. 15.77 crores (The Net Issue). The issue and the net issue will constitute 26.65% and 25.31%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 28. The issue price is 2.8 times of the face value.

    Objective of issue

    To meet working capital requirements. To meet general corporate expenses.

    D.P. Abhushan Ltd Contact Details

    D.P. Abhushan Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - dpj@dpjewellers.com

    Website - www.dpjewellers.com