Tara Jewels IPO finally subscribed 2 times - Indian IPO Blog

Indian IPO Blog

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Sunday, November 25, 2012

Tara Jewels IPO finally subscribed 2 times

The IPO of jewellery manufacturer Tara Jewels Limited, which closed for subscription on Friday, November 23, 2012, was finally subscribed 1.98 times on an overall basis

The IPO got subscriptions in various categories as under:
QIB: 1.49 times
HNI: 3.10 times
Retail: 2.05 times
Employees: 0.14 times
Overall: 1.98 times

Tara Jewels Limited is engaged in the business of jewellery manufacturing, export and retailing. Tara Jewels is among the top India based Jewel exporter to global markets. For the year ended 31-3-2012, the company had a PAT of Rs.52.37 Crores as against a topline of Rs.1,281.43 Crores. Check back Indian IPO Blog for more on Tara Jewels IPO! 

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