Shree Ganesh Jewellery House Limited which had come out with its IPO in a price band of Rs 260-270 is to list on Friday the 9th of April. The issue was for 142.70 lakh shares which consisted of a fresh issue of 121.37 lakh shares and an offer for sale of 21.33 lakh shares. The issue was subscribed 1.96 times and has raised Rs 371 crs at the price of Rs 260.
The company is a manufacturer and exporter of handcrafted gold jewellery in India. Its sales are predominantly exports and its major markets are UAE, Singapore and Hongkong.