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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
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Pure Giftcarat IPO details |
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| Subscription Dates | 26 – 28 April 2017 |
| IPO Price band | INR13 per share |
| Fresh issue | 5,730,000 shares (INR7.4 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,730,000 shares (INR7.4 crore) |
| Minimum bid (lot size) | 10,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Pure Giftcarat’s financial performance (in INR lakh) |
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| Â FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 9M FY2017 | |
| Total revenue | 925.2 | 422.8 | 157.5 | 50.6 | 4,539.3 | 8,556.6 |
| Total expenses | 924.9 | 425.4 | 156.9 | 49.6 | 4,512.6 | 8,543.4 |
| Profit after tax | -0.1 | -3.0 | -0.8 | 2.1 | 7.6 | 12.2 |
| Day |
Subscription (no. of times) |
| Day 1 | 0.05 |
| Day 2 | 0.68 |
| Day 3 | 1.86 |
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Pure Giftcarat Limited
Plot-828/829, 3rd Floor, Shree Kuberji Complex, Nanpura Main Road,
Surat, Gujarat- 395Â 001
Phone:Â +91 261 247Â 3233
Email: [email protected]
Website:Â www.puregiftcarat.com
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
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22Â 4043 0200Â
Fax: +91 22Â 2847Â 5201
Email: [email protected]
Website: www.bigshareonline.com
Pure Giftcarat IPO allotment status is now available on Bigshare Services Private Limited website. Click on this link to get allotment status.
IPO Opening Date: 26 April 2017
IPO Closing Date: 28 April 2017
Listing Date:Â 8 May 2017
Listing Price on BSE SME: INR10.8 per share (down 16.9% from IPO price)
Closing Price on BSE SME:Â INR13.25 per share (up 1.9% from IPO Price)
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.
Better put in Banks