SHREE GANESH JEWELLERY HOUSE LTD - IPO
Type of Issue : Book Built
Issue Opens: 19 March, 2010
Issue Closes: 23 March, 2010
Issue Size : 14,269,831(No. of Shares)
Lower Price Band: Rs.260
Upper Price Band: Rs.270
Total Issue Size: Rs.168 Crores
Application Multiple: 25 and in multiples there off starting with atleast 25 shares.
Maximum Shares: 350 (for Retail)
Information URL: http://www.sebi.gov.in/dp/shreeganeshdraft.pdf
Registrar to the Issue : LINK INTIME INDIA PVT LTD
Company Background
Shree Ganesh Jewellery House Ltd is a Rs.2300crores, 4 STAR export house (govt. of India recognized) company and is one of the largest manufacturer and exporter of hallmarked and handcrafted gold jewellery from India. The group is promoted and headed by Mr. Nilesh Parekh and Mr. Umesh Parekh Headquartered in Kolkata, with subsidiary offices in Hyderabad, Chennai, Bangalore, Delhi. The group is into manufacturing of gold, diamonds and gemstone studded jewellery. The Company’s products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. SGJHL’s portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions. SGJHL’s products have presence across different price points to cater to all customers across high-end, mid-market and value market segments which are designed by a team of creative designers which allows them to manage a large and diverse portfolio of designs. The Company’s products are primarily exported to countries such as the U.A.E, Singapore and Hong Kong and The company has recorded a consistent and steady growth in its exports. The Company’s export income has grown at a CAGR of 72.71% from FY2007 to FY 2009 and the Company’s share in the India’s gold jewellery exports has increased from 1.83% to 6.10% during the same period. During the FY 2007, 2008 and 2009 they have exported 86.73%, 94.19% and 99.23% of their products respectively.
Awards:
The Company’s export performance has been recognized by the Gems and Jewellery Export Promotion Council (“GJEPC”) in 2007 – 2008 and again in 2008 – 2009 and the Company was awarded the “Outstanding Export Performance and Contribution in the Trade for Plain Precious Metal Jewellery Exports by Unit from EoU/EPZ” for both the years. SGJHL received the “Four Star Export House” certificate from the Joint Director of Foreign Trade, Government of India in June 2009
Manufacturing
SGJHL has three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, the company has achieved a production of 12,843.63 kgs of gold jewellery. West Bengal is known for the availability of craftsmen (“karigars”)
skilled in the manufacture of handcrafted jewellery.
Financials
The Company’s standalone restated financial performance from FY 2007 to FY 2009, viz; total income CAGR 63.75%, EBIDTA CAGR 79.39% and net profit stated CAGR 65.20%, demonstrates the consistency in the Company’s business growth and leadership capabilities. Additionally, their consolidated restated total income has increased from Rs.1,47,304.38lacs in FY 2008 to Rs.2,94,254.86lacs in FY 2009 which is an increase of 99.76% and their consolidated restated profit after tax has increased from Rs.9,086.56lacs in FY 2008 to Rs.13,346.7lacs in FY2009 which is an increase of 46.88%.
Company Details:
SHREE GANESH JEWELLERY HOUSE LTD
413, VARDAAN MARKET,
25-A, CAMAC STREET,
KOLKATA - 700 016
Tel : +91-33-22800345
Fax : +91-33-22835075
Email : investors@sgjhl.com
Website : http://www.sgjhl.com
Issue Opens: 19 March, 2010
Issue Closes: 23 March, 2010
Issue Size : 14,269,831(No. of Shares)
Lower Price Band: Rs.260
Upper Price Band: Rs.270
Total Issue Size: Rs.168 Crores
Application Multiple: 25 and in multiples there off starting with atleast 25 shares.
Maximum Shares: 350 (for Retail)
Information URL: http://www.sebi.gov.in/dp/shreeganeshdraft.pdf
Registrar to the Issue : LINK INTIME INDIA PVT LTD
Company Background
Shree Ganesh Jewellery House Ltd is a Rs.2300crores, 4 STAR export house (govt. of India recognized) company and is one of the largest manufacturer and exporter of hallmarked and handcrafted gold jewellery from India. The group is promoted and headed by Mr. Nilesh Parekh and Mr. Umesh Parekh Headquartered in Kolkata, with subsidiary offices in Hyderabad, Chennai, Bangalore, Delhi. The group is into manufacturing of gold, diamonds and gemstone studded jewellery. The Company’s products include handcrafted and hallmarked gold jewellery, gold enameled jewellery and gold jewellery studded with precious stones such as diamonds, rubies, emeralds, sapphires, pearls, etc. and semi-precious stones such as garnet, cubic zirconium, etc. SGJHL’s portfolio includes rings, earrings, pendants, bracelets, necklaces, bangles and medallions. SGJHL’s products have presence across different price points to cater to all customers across high-end, mid-market and value market segments which are designed by a team of creative designers which allows them to manage a large and diverse portfolio of designs. The Company’s products are primarily exported to countries such as the U.A.E, Singapore and Hong Kong and The company has recorded a consistent and steady growth in its exports. The Company’s export income has grown at a CAGR of 72.71% from FY2007 to FY 2009 and the Company’s share in the India’s gold jewellery exports has increased from 1.83% to 6.10% during the same period. During the FY 2007, 2008 and 2009 they have exported 86.73%, 94.19% and 99.23% of their products respectively.
Awards:
The Company’s export performance has been recognized by the Gems and Jewellery Export Promotion Council (“GJEPC”) in 2007 – 2008 and again in 2008 – 2009 and the Company was awarded the “Outstanding Export Performance and Contribution in the Trade for Plain Precious Metal Jewellery Exports by Unit from EoU/EPZ” for both the years. SGJHL received the “Four Star Export House” certificate from the Joint Director of Foreign Trade, Government of India in June 2009
Manufacturing
SGJHL has three manufacturing units, located in Manikanchan SEZ at West Bengal, which is presently the only jewellery SEZ in West Bengal, spread across an area of 10,500 sq. ft. During FY 2009, the company has achieved a production of 12,843.63 kgs of gold jewellery. West Bengal is known for the availability of craftsmen (“karigars”)
skilled in the manufacture of handcrafted jewellery.
Financials
The Company’s standalone restated financial performance from FY 2007 to FY 2009, viz; total income CAGR 63.75%, EBIDTA CAGR 79.39% and net profit stated CAGR 65.20%, demonstrates the consistency in the Company’s business growth and leadership capabilities. Additionally, their consolidated restated total income has increased from Rs.1,47,304.38lacs in FY 2008 to Rs.2,94,254.86lacs in FY 2009 which is an increase of 99.76% and their consolidated restated profit after tax has increased from Rs.9,086.56lacs in FY 2008 to Rs.13,346.7lacs in FY2009 which is an increase of 46.88%.
Company Details:
SHREE GANESH JEWELLERY HOUSE LTD
413, VARDAAN MARKET,
25-A, CAMAC STREET,
KOLKATA - 700 016
Tel : +91-33-22800345
Fax : +91-33-22835075
Email : investors@sgjhl.com
Website : http://www.sgjhl.com
Labels: IPO, Sensex, Shree Ganesh
posted by Sensex-Blog Admin at 9:58 PM
1 Comments:
Great news.
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