Business Standard

Palm Jewels Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

8.90 cr

Price Range (₹)

30

Lot Size

4000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

25-May-2018

Close Date

04-Jun-2018

Listing Date

12-Jun-2018

Palm Jewels Ltd News

    The Shares of Palm Jewels Ltd have now been listed.

    Palm Jewels Ltd IPO Details

    Public issue of 29,68,000 equity shares of face value of Rs. 10/- each (equity shares) of Palm Jewels Limited (the company or the issuer) for cash at a price Rs. 30/- per equity share (including a share premium of Rs. 20/- per equity share) (issue price) aggregating to Rs. 8.90 Crores (the issue), of which 1,52,000 equity shares of face value of Rs. 10/- each for a cash price ofRs. 30/- per equity share, aggregating to Rs.0.45 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 28,16,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 30 per equity share aggregating to Rs. 8.45 Crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 40.20 % and 38.14 %, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price of Rs. 30/- i.e. 3.0 times of the face value.

    Objective of issue

    Working Capital Requirements.

    Palm Jewels Ltd Contact Details

    Palm Jewels Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - compliance.pjl@gmail.com

    Website - www.palmjewelsltd.com