Indian Stock Market

Thangamayil Jewellery has planned an IPO this fiscal.
Thangamayil Jewelleryis a Madurai based jewellery retailer . It plans to raise Rs. 35 Crores from this IPO.

The proceeds from this IPO would be deployed to expand existing business by establishing retail outlets at Tuticorin, Dindigul, Theni, Nagercoil, Tirunelveli, Kovilpatti and Sivakasi and to renovate the existing outlet at Madurai. Besides this, the issue proceeds would also be used to meet the working capital requirement and to meet the issue expenses.

Thangamayil is one of the leading jewelry retailers in Madurai trading in gold jewelry, diamond and platinum jewels. The ornaments are also made to order as per specific requirements by the customer and the same are manufactured at the company`s unit near Madurai. Further gold Jewels are bought readymade from various dealers in the states of Andhra Pradesh, Gujarat, Kerala and West Bengal, according to the designs, models and current fashions and demand in the market for sale at the counters.

Thangamayil introduced the Hallmarking practice for the first time in Madurai and also
conducted an awareness campaign introducing this concept to the customers in the market serviced by the company. It has its showroom at Netaji Road, Madurai. This
showroom was set up in the year 2001. The showroom is housed in a three storied set up in total area of 11,416 sq. ft.

JoyAlukkas IPO : Joy Alukkas plans to go in for IPO to fund expansion

Jewellery retailer Joyalukkas Group, which has a presence in nine countries across the world, is looking at tapping the Indian capital market with an initial public offering (IPO) during the current financial year. The group operates in India through its subsidiary Joy Alukkas Traders (India) Private Ltd.

“We are looking at raising around Rs 400 crore from the market to fund our expansion programmes. We will look at the right opportunity and then approach the regulatory (body) for the IPO,” Mr Joy Alukkas, Chairman of the Group, said after inaugurating its revamped showroom on Sunday.

The company is currently in the process of increasing its production capability from 3 kgs of gold a day to 10 kgs at its 100 per cent export oriented unit located in Cochin and is also looking for a similar facility near New Delhi.

“The unit, in a special economic zone near Noida, will be operational in the next three months and it will also be an export oriented unit. Initially, it will have production capability of 3 kgs a day which will be later increased to 10 kgs,” Mr Alukkas said.

Expansion

The company is also in the process of setting up a unit for manufacturing diamond studded jewellery in Coimbatore. The unit is expected to commence operations with a workforce of 300 employees during the current financial year and will cater to both the domestic as well as export needs of the company.

Speaking on the retail expansion of the group, Mr P.P. Jose, General Manager of the company said, “We plan to have 100 outlets by 2010. Currently we have 18 stores and by the end of the year we are planning to open ten more outlets.”

Joyalukkas across the world has a total of 66 outlets and by the end of the fiscal is looking to increase to 100 stores.

Mr Jose told Business Line “The sales from Indian operations increased 30.66 per cent to Rs 980 crore for the financial year ended March 31, 2008 from Rs 750 crore in the previous fiscal. For the current financial year we expect the sales to be around Rs 1,200 crore,” reports The Hindu Business Line

Flawless Diamond – Received Export order for it’s newly launch Designer Jewellery for Rs 380 Million from Madrid Impex FZE, Dubai

Renaissance Jewellery IPO : Renaissance Jewellery IPO Allotment Status

Renaissance Jewellery IPO got over Subscribed by 25 times.Retail Subscription is 13 times.

So chances are you will get allotment this time !!!

Check your renaissance ipo allotment status here..

Renaissance Jewellery IPO Allotment Status

You will get Renaissance IPO Allotment updated once the registrar completes the allotment process.

Renaissance Jewellery IPO : Renaissance Jewellery Opens on Nov 19

 Renaissance Jewellery IPO Issue Size: 67 – 80  Crs

IPO Opening Date: Nov 19,2007

IPO Closing Date : Nov 21,2007

Offer Price: 125 – 150.RS

ICRA assigned `IPO Grade 2` to the proposed initial public offering Renaissance Jewellery (RJL) indicating below average fundamentals. The IPO grading assigned by ICRA takes into account the significant experience of RJL`s promoters and its management in the diamond studded jewellery industry and the advantages available to the company on account of its being located in  SEZ.

Titan Industries is planning to move up its retail outlets to 260 by the end of this fiscal.

The company currently has 225 retail outlets.
Last year, the company sold over 8 million watches.
The target for financial year 2008 is to sell over 10 million watches and over the next three years, around 16-18 million watches

Rajesh Exports Ltd said on Friday it had got an export order worth Rs 7.43 billion from Gold Star Jewellery, Singapore.

The order, to be completed by January 30, 2008, is for designer jewellery developed by the company, it said in a statement.