Pure Giftcarat IPO

Pure Giftcarat IPO

Pure Giftcarat IPO

Pure Giftcarat IPO

Pure Giftcarat is engaged in trading and retailer ship of diamonds in Surat. Its operations include sourcing of diamonds from primary and secondary source suppliers in the domestic market and sale of diamond to the retail and wholesale operations in India. The company primarily sells diamonds to a customer base spread across domestic markets that includes various jewellery manufacturers, large department store chains, retail stores and wholesalers.

Pure Giftcarat has independent sales and distribution networks for its products. A substantial majority of its cut and polished diamonds are sold to diamond wholesalers and the jewellery manufacturers in the domestic markets. The company has a centralised procurement policy and generally purchase in large volumes in order to stock and facilitate online sales of diamonds from its web stores from Surat. By purchasing in large volumes, it is able to purchase inventory at lower prices than our competitors, which enables it to sell our products at competitive prices.

Promoters of Pure Giftcarat – Varshaben Koradiya

Pure Giftcarat IPO details

Subscription Dates26 - 28 April 2017
IPO Price bandINR13 per share
Fresh issue 5,730,000 shares (INR7.4 crore)
Offer for sale Nil
Total IPO size5,730,000 shares (INR7.4 crore)
Minimum bid (lot size)10,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

 

Pure Giftcarat's financial performance (in INR lakh)

 FY2012FY2013FY2014FY2015FY20169M FY2017
Total revenue925.2422.8157.550.64,539.38,556.6
Total expenses924.9425.4156.949.64,512.68,543.4
Profit after tax-0.1-3.0-0.82.17.612.2

Pure Giftcarat IPO Subscription Details

Day

Subscription (no. of times)

Day 10.05
Day 20.68
Day 31.86

 

Pure Giftcarat Contact Details

Pure Giftcarat Limited
Plot-828/829, 3rd Floor, Shree Kuberji Complex, Nanpura Main Road,
Surat, Gujarat- 395 001

Phone: +91 261 247 3233
Email: [email protected]
Website: www.puregiftcarat.com

Pure Giftcarat Valuation (latest FY)

Earnings Per Share (EPS): INR0.05

Price/Earnings (P/E) ratio: 260

Return on Net Worth (RONW): 0.47%

Net Asset Value (NAV): INR10.03 per share

Registrar of Pure Giftcarat IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax:
+91 22 2847 5201
Email:
[email protected]
Website: www.bigshareonline.com

Pure Giftcarat IPO Allotment Status

Pure Giftcarat IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Pure Giftcarat IPO

IPO Opening Date: 26 April 2017

IPO Closing Date: 28 April 2017

Listing Date: 8 May 2017

Listing Price on BSE SME: INR10.8 per share (down 16.9% from IPO price)

Closing Price on BSE SME:  INR13.25 per share (up 1.9% from IPO Price)

3 COMMENTS

  1. 85 crore turnover pe 12 lakh profit!!? So many ppl around me are earning better than this Pure Giftcart. Doesn’t look good at all, wonder how such companies are allowed to do IPO.

    • That is a very narrow way to look at it. Just look at the revenue growth, its explosive. Besides profitability can always be increased by controlling expenses. It all depends on the management of resources which the company may look into in the future. It is high risk for sure but we cannot negate the ipo altogether.

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