Tara Jewels IPO opens for subscription today - Indian IPO Blog

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Wednesday, November 21, 2012

Tara Jewels IPO opens for subscription today

The IPO of Tara Jewels is set to hit the capital market today from Wednesday, November 21, 2012. The Equity shares under the IPO would be offered with a price band of Rs.225/- to Rs.230/- per equity share

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. The products of Tara Jewels include fashion, bridal and handmade bespoke jewellery. Tara Jewels has 4 manufacturing units; 3 in India and 1 in China. Company has over 1800 employees

CARE has assigned an IPO Grade 3 to Tara Jewels Ltd IPO. This means as per CARE, company has 'Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals

The details of the IPO are as under:

Tara Jewels IPO Details:
Issue Size: 7,977,778 Equity Shares of Rs. 10 each
Issue opens on: Nov 21, 2012
Issue closes on: Nov 23, 2012
Price Band: Rs.225/- to Rs.230/- per equity share
Bid Lot: 50 Equity Shares and in multiple shares
Listing At: BSE, NSE

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