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Eighty Jewellers IPO

Eighty Jewellers Limited Logo

Incorporated in 2010, Eighty Jewellers Limited operates as a master franchisee of Anopchand Tilokchand Jewellers Private Limited. The company is engaged in the trading of various jewellery, ornaments, watches and luxury articles made out of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company is located in Chhattisgarh. Eighty Jewellers Limited has the right to open stores in the Brand name of Anopchand Tilokchand Jewellers either directly opening a showroom or through sub-franchise arrangements.

The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler to M/s Grand Bhagwati Store in Bilaspur.

Competitive Strengths:

  1. Use of the established Brand name.
  2. Cordial relationship with our customers.
  3. Experience of our Promoters.
  4. Design, Innovation and Product range.
  5. Prime Location of the Showroom.

Company Promoters:

Mr. Tilok Chand Bardia, Mr. Nikesh Bardia, and Mr. Nitin Kumar Bardia are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in Lakhs)
Total Assets3,398.903,197.303,174.942,745.60
Total Revenue4,436.057,868.896,490.638,192.05
Profit After Tax83.06376.94155.25100.19

Objects of the Issue:

Requirement of Funds and Utilization of Net Proceeds:

  1. To meet Working Capital requirements.
  2. General Corporate Purpose.

Eighty Jewellers IPO Details

IPO Opening DateMar 31, 2022
IPO Closing DateApr 5, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹41 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Issue Size2,700,000 Eq Shares of ₹10
(aggregating up to ₹11.07 Cr)
Fresh Issue2,700,000 Eq Shares of ₹10
(aggregating up to ₹11.07 Cr)
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Eighty Jewellers IPO Tentative Timetable

The Eighty Jewellers IPO open date is Mar 31, 2022, and the close date is Apr 5, 2022. The issue may list on Apr 13, 2022.

IPO Open DateMar 31, 2022
IPO Close DateApr 5, 2022
Basis of Allotment DateApr 8, 2022
Initiation of RefundsApr 11, 2022
Credit of Shares to Demat AccountApr 12, 2022
IPO Listing DateApr 13, 2022

Eighty Jewellers IPO Lot Size

The Eighty Jewellers IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹123,000).

ApplicationLotsSharesAmount (Cut-off)

Eighty Jewellers IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Eighty Jewellers IPO Prospectus

Company Contact Information

Eighty Jewellers Limited
Anup Plaza Sadar Bazar,
Chhattisgarh, 492001
Phone: +91-0771-2234737
Email: [email protected]

Eighty Jewellers IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: [email protected]

Eighty Jewellers IPO Lead Manager(s)

  1. Hem Securities Limited