Darshan Orna is coming out with an initial public offering (IPO) of 12,56,000 equity shares of face value of Rs 170 each for cash at a fixed price of Rs 60 per equity share. The issue will open on May 02, 2016 and will close on May 11, 2016.
The company will use the issue proceed for meeting working capital requirement, general corporate expenses and meeting the expenses of the issue.
The shares will be listed on SME platform of BSE. The share is priced at 6 times of its face value of Rs 10. The book running lead manager to the issue is First Overseas Capital, while the compliance officer for the issue is Nidhi Jain.
The company is integrated as a Wholesaler of Jewellery & Ornaments. Apart from being a wholesaler, the company is also into trading business of silver and distributor of readymade gold & silver Jewellery & Ornaments.
