Gainers & Losers

Registered Office: No C-44/5 1st Flr Lawrance Rd-,Industrial Area North West, New Delhi - 110035, New Delhi, India.
Phone : +91 92180 12596   Fax:
Email :  cs@groverjewells.com  
Website :  www.groverjewells.com

Initial public offer of up to 38,44,800 equity shares of face value of Rs.10/- each ("Equity Shares") of Grover Jewells Limited (the "Company" or the "Issuer") for cash at a price of Rs. 83-Rs. 88 per equity share, including a share premium of Rs. 73-Rs. 78 per equity share (the "Issue Price"), aggregating to Rs. 31.91-Rs. 33.83 crores ("the Issue"), of which 1,93,600 equity shares of face value of Rs.10/- each for cash at a price of Rs. 83-Rs. 88 per equity share, aggregating to Rs. 1.61-Rs. 1.70 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e., issue of up to 36,51,200 equity shares of face value of Rs.10/- each for cash at a price of Rs. 83-Rs. 88 per equity share, aggregating to Rs. 30.30-Rs. 32.13 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 26.50% and 25.17% respectively of the post issue paidup equity share capital of the company. Price Band: Rs. 83/- to Rs. 88/- per equity share of face value of Rs. 10/- each. The floor price is 8.3 times the face value of the equity shares and the cap price is 8.8 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.