Grover Jewells Ltd - IPO

Grover Jewells Ltd IPO Details

Initial public offer of up to 38,44,800 equity shares of face value of Rs.10/- each (Equity Shares) of Grover Jewells Limited (the Company or the Issuer) for cash at a price of Rs. 83-Rs. 88 per equity share, including a share premium of Rs. 73-Rs. 78 per equity share (the Issue Price), aggregating to Rs. 31.91-Rs. 33.83 crores (the Issue), of which 1,93,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 83-Rs. 88 per equity share, aggregating to Rs. 1.61-Rs. 1.70 crores will be reserved for subscriptions by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e., issue of up to 36,51,200 equity shares of face value of Rs.10/- each for cash at a price of Rs. 83-Rs. 88 per equity share, aggregating to Rs. 30.30-Rs. 32.13 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.50% and 25.17% respectively of the post issue paidup equity share capital of the company.Price Band: Rs. 83/- to Rs. 88/- per equity share of face value of Rs. 10/- each. The floor price is 8.3 times the face value of the equity shares and the cap price is 8.8 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Objective of issue

Working Capital Requirements. Issue Related Expenses. General Corporate Expenses.

Grover Jewells Ltd Contact Details

Grover Jewells Ltd, 451 Krishna Apra Bus, Netaji Subhash Place, Pitampura, New Delhi-110034

Phone - 011-45121795

Fax - 01145121795

Email - cs@groverjewells.com

Website - www.groverjewells.com