NEW ISSUES ( IPO )
Sovereign Gold Bond Scheme 2022-223
Update dated 20.08.2022 : Issue Price for Series II ( August 22 – 26 , 2022 ) is
₹ 5,197 /- per gram of gold. ( RBI Press Release dated 19.08.2022 ) . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,147 per gram .
Update dated 18.06.2022 : Issue Price for Series I ( June 20 – June 24 , 2022 ) is ₹ 5,091 /- per gram of gold. ( RBI Press Release dated 17.06.2022 ) . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,041 per gram .
Dated 18.06.2022 : . Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated June 15, 2022, has announced Series I and II of Sovereign Gold Bond Scheme 2022-23. Under the Scheme, there will be a distinct series (Series I and II) for every tranche. The terms and conditions of the issuance of the Bonds shall be as per the above notification.
Subscription for the Bonds may be made in the prescribed application form Form A or in any other form as near as thereto, stating clearly the grams (in units) of gold and the full name and address of the applicant. Every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers. The Receiving Office shall issue an acknowledgment receipt in Form B to the applicant.
Government of India has announced the Sovereign Gold Bond Scheme 2022-23. Under the scheme there will be a distinct series (starting from Series I for every tranche) . The terms and conditions of the issuance of the Bonds shall be as below :
1 . Bonds will be issued by Reserve Bank of India on behalf of the Government of India.
2. The Bonds will be sold only to to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
4. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5. Bonds will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.
6. Individuals and HUF can subscribe up to 4 KG and 20 Kg limit for trusts .
7. Joint holder In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
8. Issue price Price of Bond will be fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹ 50 per gram less for those who subscribe online and pay through digital mode.
9. One can pay up to ₹ 20,000 by cash and higher amounts can be paid or demand draft or cheque or electronic banking.
10. The Bonds are eligible for conversion into demat form.
11. The redemption price will be based on simple average of closing price of gold of 999 purity, of previous 3 working days published by IBJA Ltd.
12. Every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers.
13. Interest Rate : 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.
15. KYC documentation Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required. Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to individuals and other entities.
16. Interest is taxable . But no capital gains tax to be paid on redemption . The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
17. Bonds will be tradable on stock exchanges.
To read RBI Notification , CLICK HERE
Update dated 20.08.2022 : Issue Price for Series II ( August 22 – 26 , 2022 ) is
₹ 5,197 /- per gram of gold. ( RBI Press Release dated 19.08.2022 ) . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,147 per gram .
Update dated 18.06.2022 : Issue Price for Series I ( June 20 – June 24 , 2022 ) is ₹ 5,091 /- per gram of gold. ( RBI Press Release dated 17.06.2022 ) . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,041 per gram .
Dated 18.06.2022 : . Government of India, vide its Notification No F.No4.(6)-B (W&M)/2022 dated June 15, 2022, has announced Series I and II of Sovereign Gold Bond Scheme 2022-23. Under the Scheme, there will be a distinct series (Series I and II) for every tranche. The terms and conditions of the issuance of the Bonds shall be as per the above notification.
Subscription for the Bonds may be made in the prescribed application form Form A or in any other form as near as thereto, stating clearly the grams (in units) of gold and the full name and address of the applicant. Every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers. The Receiving Office shall issue an acknowledgment receipt in Form B to the applicant.
Government of India has announced the Sovereign Gold Bond Scheme 2022-23. Under the scheme there will be a distinct series (starting from Series I for every tranche) . The terms and conditions of the issuance of the Bonds shall be as below :
1 . Bonds will be issued by Reserve Bank of India on behalf of the Government of India.
2. The Bonds will be sold only to to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.
4. The Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram.
5. Bonds will be for a period of 8 years with exit option after 5th year to be exercised on the next interest payment dates.
6. Individuals and HUF can subscribe up to 4 KG and 20 Kg limit for trusts .
7. Joint holder In case of joint holding, the investment limit of 4 KG will be applied to the first applicant only.
8. Issue price Price of Bond will be fixed on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited for the last 3 working days of the week preceding the subscription period. The issue price of the Gold Bonds will be ₹ 50 per gram less for those who subscribe online and pay through digital mode.
9. One can pay up to ₹ 20,000 by cash and higher amounts can be paid or demand draft or cheque or electronic banking.
10. The Bonds are eligible for conversion into demat form.
11. The redemption price will be based on simple average of closing price of gold of 999 purity, of previous 3 working days published by IBJA Ltd.
12. Every application must be accompanied by valid ‘PAN details’ issued by the Income Tax Department to the investor(s). Designated Scheduled Commercial Banks, designated Post Offices, Stock Holding Corporation of India Ltd, Clearing Corporation of India Ltd and recognized stock exchanges, viz. National Stock Exchange of India Ltd and Bombay Stock Exchange Ltd are the Receiving Offices which are authorized to receive applications for the Bonds either directly or through agents and render all services to the customers.
13. Interest Rate : 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.
15. KYC documentation Know-your-customer (KYC) norms will be the same as that for purchase of physical gold. KYC documents such as Voter ID, Aadhaar card/PAN or TAN /Passport will be required. Every application must be accompanied by the ‘PAN Number’ issued by the Income Tax Department to individuals and other entities.
16. Interest is taxable . But no capital gains tax to be paid on redemption . The indexation benefits will be provided to long term capital gains arising to any person on transfer of bond.
17. Bonds will be tradable on stock exchanges.
To read RBI Notification , CLICK HERE
IPO OF KALYAN JEWELLERS INDIA LIMITED :
Dated 17 .03.2021 : Kalyan Jewellers India Limited is a leading retail trader in Jewellery including gold , silver , platinum & diamond ornaments .
Kalyan Jewellers have come up with a Initial Public Offering (IPO) of equity shares in the price band of Rs 86 to 87 against Face value of Rs 10 per share . One can apply in lots of 172 shares each or its multiples . Offer is already opened on yesterday and will end tomorrow March 18 , 2021 The shares will be listed in BSE / NSE .
ISSUE SIZE : Fresh Issue of Equity Shares aggregating up to Rs.800 crores & Offer for Sale aggregating up to Rs.375 crores . Total of
Rs.1175/- crores at the upper price band.
BOOKRUNNERS :
The BOOKRUNNING lead managers for the issue are :
1. Axis Capital Limited .
2. Citigroup Global Markets India Private Limited
3. ICICI Securities Limited
4. .SBI Capital Markets Limited
5. BOB Capital Markets Limited
6 Link intime India Private Limited ( Registrar )
ABOUT THE COMPANY : The company was started with a single showroom in Kerala and now it has 107 showrooms located in 21 states and union territories in India. It also has 30 showroom in the Middle East. The Company designs , manufactures and sells a wide range of gold and other jewellery products suited for various occasions like weddings . It also sells daily use ornaments too .
Financial Status : . During the financial year 2019-20 , company has a net profit of Rs142 crores against a total revenue of Rs 10,181 crores . However during the first nine month of the present year 2020-21 , company has made a loss of Rs 80 crores against a total revenue of Rs 5,550 crores .
To Read RED-HERRING DOCUMENT OF THE ISSUE , CLICK HERE
FOR PRECAUTIONS TO BE TAKEN WHILE INVESTING IN STOCK MARKETS AND IPO , CLICK HERE
TENTATIVE TIME TABLE OF THE ISSUE CAN BE FOUND AFTER THE DETAILS ON IPO OF CRAFTSMAN AUTOMATION LIMITED :
TIME TABLE OF IPO OF KALYAN JEWELLERS LIMITED
EVENTS |
TENTATIVE TIME TABLE OF THE ISSUE |
BID OPENS ON |
16.03.2021 |
BID CLOSES ON |
18.03.2021 |
BASIS OF ALLOTMENT |
23.03.2021 |
REFUND STARTS |
24.03.2021 |
ALLOTTED SHARES TO DEMAT ACCOUNTS |
25.03.2021 |
SHARES LISTING |
26.03.2021 |
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