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Gautam Gems Ltd BSE-SME IPO

by Suman Gupta

Gautam Gems Ltd. (GGL) has been principally incorporated as a Manufacturer & Trader of rough and polished diamonds. Its registered and corporate office is located in Surat, which is the diamond hub of India. 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 customers. GGL maintains stock of various shaped diamonds depending on the customer demand. The company procures diamonds from suppliers based in the domestic market. It deals with only those suppliers who are reputed. Trust, reliability, quality and authenticity of diamonds is the upmost priority in diamond business. Further, the sales of rough and polished diamonds depend on the kind of customer with whom the company is dealing with. Its polished diamonds are majorly purchased by jewellery manufacturers, jewellery wholesalers, jewellery retailers, jewellery traders, diamond wholesalers, diamond retailers and rough diamonds are majorly purchased by rough diamond traders and diamond manufacturers.

To part finance its working capital and general corpus fund needs, GGL is coming out with a maiden IPO of 2100000 equity shares of Rs. 10 each at a fixed price of Rs. 36 per share to      mobilize Rs. 7.56 crore. Issue opens for subscription on 24.01.18 and will close on 30.01.18. Minimum application is to be made for 3000 shares and in multiples thereon, thereafter. Post allotment, shares will be listed on BSE SME. Issue is solely lead managed by First Overseas Capital Ltd. and Karvy Computershare Pvt. Ltd. is the registrar to the issue

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