Mumbai, October 23, 2017: The shares of Ratlam based DP Abhushan Limited, engaged in the retail business of various jewelleries and ornaments, listed at a price of Rs 33.60 per equity share, a premium of 20%. The Company IPO, which opened for bidding on NSE EMERGE Platform on October 9, 2017, subscribed over 40 times. The HNI and RII portion subscribed 68.7 and 15.60 times, respectively, as per data available on NSE. Proceeds of IPO will be utilized towards working capital requirement and general corporate purpose.
DP Abhushan SME public issue comprised of 59, 32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 28 per Equity Share, aggregating up to ` 1660.96 lakhs.
The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.
For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at Rs. 45371.02 Lakhs, Rs. 48822.43 Lakhs and Rs. 45989.44 Lakhs respectively. Further, our PAT for the fiscal year ended on March 31, 2017, 2016 and 2015 as per Restated Financial Statements were Rs. 490.45 Lakhs, Rs. 324.73 lakhs and Rs. 131.46 Lakhs respectively.
About DP Abhushan Ltd
The Company is engaged in the retail business of various jewelleries and ornaments made out of gold, diamonds and platinum studded with precious and semi-precious stones. Its portfolio includes rings, earrings, armlet, pendants, gajrahs, nose rings, bracelets, chains, necklaces, bangles and other wedding jewellery. D P Abhushan currently has four showrooms under the “D.P. Jewellers” brand located in four different cities of India i.e. Ratlam, Indore, Bhopal and Udaipur.
DP Abhushan has been awarded with several recognitions in the recent years, such as “Best Promising Gems & Jewellery” Award in 2017 by Indian Bullion and Jewellers Association Ltd, “Best Bridal Jewellery of the year (Under Rs. 15 lakhs)” Award by IJ Jewellers in 2016, Madhya Pradesh Entrepreneur & Excellence Award Indore for “Trusted Brand of the year” in 2016.
For more information, please contact: Mr. Aryan Prem Rana, AARYANA MATASCO