The company engaged in the trade of various jewellery, ornaments, watches and luxury items in gold, silver, diamonds and platinum under the brand Anopchand Tilokchand Jewelers
Eighty Jewelers Limited became the 370th company to list on ESB’s SME platform on 13 April 2022. Eighty Jewelers Limited has launched an initial public offering of 27,00,000 shares of Rs.10 each in cash at a price of Rs. 41 per share, totaling Rs. 11.07 crores. The company successfully completed its public offering on April 05, 2022.
Eighty Jewelers Limited is a Chhattisgarh based company headquartered in Raipur. The company has engaged in the trade of various jewellery, ornaments, watches and luxury items in gold, silver, diamonds and platinum under the Anopchand Tilokchand Jewelers brand. The company is located in Chhattisgarh. Eighty Jewelers Limited has the right to open stores under the Anopchand Tilokchand Jewelers brand name, either by opening a showroom directly or through sub-franchise arrangements. The company operates on a B2B business model, selling jewelry to a sub-franchised store in Korba operated by M/S Chhattisgarh Sales Corporation and also serves as a wholesaler for M/s Grand Bhagwati Store in Bilaspur.
Based in Mumbai Hem Securities Limited, was the principal manager of Eighty Jewelers Limited.
So far, 135 companies have migrated to the main board. The 369 companies listed on BSE’s SME platform have raised Rs. 3,917 crore from the market and the total market capitalization of 369 companies as of April 12, 2022 is Rs. 51,689 crore. BSE is the market leader in this segment with a market share of 60%.
SEBI issued detailed guidelines on 18and May 2010 for the launch of the SME platform/exchange. BSE became the first stock exchange to gain SEBI approval and launch its SME platform on 13and March 2012.
The response since the launch of this platform by ESB has been very positive to date.