Thangamayil Jewellery Ltd (TJL) was incorporated as Thangamayil Jewellery Pvt Ltd. in March 2000. The company was converted into public ltd in November 2007. TJL is a Madurai based retail jewellery chain trading mainly in gold jewellery, diamond, platinum and silver jewellery. Gold jewellery business constitutes the major part of revenue of the company. The Company has its showroom at Netaji Road, Madurai. Also during FY 2008-09, the company opened three new branches at Rajapalayam (April, 2008), Karaikudi (Sep 2008) and Ramanathapuram (March, 2009). During the year FY07 and FY08, TJL acquired two associate companies namely Thangamayil Gold and Diamond Pvt Ltd and Balusamy Silvers Pvt Ltd.
Issue Objectives
- For expansion of existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Thirunelveli, Kovilpatti and Sivakasi and to refurbish the existing outlet at Madurai
- To meet the working capital requirement
IPO Grading / Rating
ICRA has assigned an IPO Grade 3 indicating average fundamentals.
Issue Open: Jan 27, 2010 - Jan 29, 2010
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 28.75 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 70 - Rs. 75 Per Equity Share
Market Lot: 80 Shares
Minimum Order Quantity: 80 Shares
Listing At: BSE, NSE
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