Business description – Gautam Gems is a manufacturer & trader of rough and polished diamonds. The company sells diamonds of multiple category, shape, cut, size and color. The range of diamonds it manufactures and trades in purely depends on the demand and supply of diamonds in the local markets. Primarily, Round Brilliant and All Fancy shape, 0.18 carats upto15.00 carats Size and D to N color with all type of Fancy color diamonds are demanded by its customers. The company maintains stock of its various shaped diamonds depending on the customer demand.
It procures diamonds from suppliers based in the domestic market. In order to compete in the diamond market, the company has created and maintained an independent sales and distribution network for its products within the domestic markets. Further to ensure customer satisfaction, quality supply of diamonds, timely delivery of orders and purchase-sale of authentic diamonds, it deals with suppliers and customers on mutually agreed terms. Further, it has developed and maintained long-term and stable relationships with key suppliers and key customers although it has not entered into any formal contracts with either of them.
Promoters of Gautam Gems – Mr Gautam P Sheth & Mrs Nidhi G Sheth
| Gautam Gems IPO details | |
| Subscription Dates | 24 – 30 January 2018 |
| IPO Price band | INR36 per share |
| Fresh issue | 2,100,000 shares (INR7.56 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,100,000 shares (INR7.56 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital requirements – INR7.27 crore
| Gautam Gems’ financial performance (in INR lakh) | ||||||
| Â | Â | FY2014 | FY2015 | FY2016 | FY2017 | 8M FY2018 |
| Total revenue | Â | 3.5 | 3.6 | 3.8 | 4.4 | 1,154.3 |
| Total expenses | Â | 3.5 | 3.6 | 3.8 | 4.3 | 1,094.2 |
| Profit after tax | Â | 0.01 | 0.03 | 0.01 | 0.06 | 40.75 |
Gautam Gems Contact Details
Gautam Gems Limited
3rd Floor, Office – 301, Sumukh
Super Compound, Vasta Devadi Road
Surat 395004, Gujarat
Phone: +91 261 2538 046
Email: [email protected]
Website: www.gautamgems.com
Gautam Gems IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.46 |
| Day 2 | 0.80 |
| Day 3 | 1.76 |
| Day 4 | 4.91 |
| Â | Â |
Gautam Gems Valuation (Latest FY)
Earnings Per Share (EPS): INR0.6
Price/Earnings (P/E) ratio: 60
Return on Net Worth (RONW): 5.41%
Net Asset Value (NAV): INR11.1 per share
Registrar of Gautam Gems IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Gautam Gems IPO Allotment Status
Gautam Gems IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing performance of Gautam Gems
IPO Opening Date: 24 January 2018
IPO Closing Date: 30 January 2018
Finalisation of Basis of Allotment: 2 February 2018
Initiation of refunds: 5 February 2018
Transfer of shares to demat accounts: 5 February 2018
Listing Date: 7 February 2018
Listing Price on BSE SME: INR34.15 per share (down 5.14% from IPO price)
Closing Price on BSE SME: INR34.60 per share (down 3.89% from IPO price)
business only in 8 months. fooling people by collection public money.