Issue Price: Rs. 95 - Rs. 110 Per Equity Share

Download RHP:
Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional InvestorsRetail Individual Investors (RIIs)Total
Shares Offered / Reserved 7,500,000  2,250,000  5,250,000  15,000,000 
 Day 1 - Dec 31, 2010 17:00 IST 0.2200  0.0000  0.6000  0.3200 
 Day 2 - Jan 03, 2011 17:00 IST 0.2200  0.0100  0.7500  0.3700 
 Day 3 - Jan 04, 2011 17:00 IST 0.4300  0.9500  1.0300  0.7200 
 Day 4 - Jan 05, 2011 17:00 IST 0.6500  1.2400  1.4700  1.0300 
 Day 5 - Jan 06, 2011 17:00 IST 1.0200  3.9200  4.8200  2.7800 
Issue Detail:
»» Issue Open: Dec 31, 2010 - Jan 06, 2011
»» Issue Size: Rs. 142.50 - 165.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 95 - Rs. 110 Per Equity Share
»» Minimum Order Quantity: 60 Shares
»» Listing At: BSE, NSE

Company Financials:
ParticularsFor the year/period ended (in Rs. millions)
Total Income6,805.5514,311.1314,155.903,146.889,495.36
Profit After Tax (PAT)75.42210.94402.62163.41245.11

Incorporated in 1978, C Mahendra Exports Ltd is one of the leading diamantaire and Jewellery Company, engaged is in the business of manufacturing and trading of diamonds, precious stones and jewellery. It is an integrated diamond and diamond jewellery player encompassing sourcing of rough diamonds, trading of rough and polished diamonds, processing of diamonds and manufacture of diamond jewellery.

Company's introduced their flagship brand "Ciemme" in 2003, as a life style brand. Under this flagship brand, they sell jewellery products like rings, earrings, necklace sets, bracelets, based on various concepts. In overseas market, they sell jewellery only under "Ciemme" brand name. In USA they sell diamond jewellery to retail outlets through Ciemme (NY) LLC. In Middle East they directly sell it to the customers.

Currently, Company has two facilities for cutting and polishing of diamonds at Varachha and Udhana in Surat. Further, Ciemme Jewels Limited owns a jewellery manufacturing facility in MIDC, Andheri, Mumbai. C Mahendra Exports marketing offices spread across Surat, Mumbai, Delhi, Kolkata, Hong Kong, New York, Los Angeles and Antwerp to market cut & polished diamonds to domestic and international markets. They have 8 (eight) exclusive retail stores and 1 (one) franchisee store in India. They obtain grading from reputed diamond certifying institutions like GIA (Gemological Institute of America), IGI (International Gemological Institute) and HRD (Hoge Raad voor Diamant).

Company Promoters:
The Promoters of the Company are:
1. Mr. Mahendra C. Shah,
2. Mr. Champaklal K. Mehta,
3. Mr. Pravin C. Shah,
4. Mr. Pravin K. Mehta and
5. Mr. Sandeep M. Shah