NEW ISSUES ( IPO )
Sovereign Gold Bond Scheme 2023-24
Update dated 10.02.2024 : Issue Price for Series IV ( February  12 – 16 , 2024 ) isÂ
​ ₹ 6,263 /- per gram of gold.   ( RBI Press Release dated 09.02.2024 ) .  If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 6,213 per gram .Â
Update dated 16.12.2023 : Issue Price for Series III ( December 18 – 22 , 2023 ) isÂ
​ ₹ 6,199 /- per gram of gold.   ( RBI Press Release dated 15.12.2023 ) .  If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 6,149 per gram .Â
UPDATE Dated 10.12.2023 : . Reserve Bank of India, vide its Press release dated 08.12.2023 , has announced Series III and IV of Sovereign Gold Bond Scheme 2023-24. The terms and conditions of the issuance of the Bonds shall be as per the notification.Â
TIME TABLE :Â
SERIES III  : SUBSCRIPTION :  December 18 - December 22, 2023
            ALLOTMENT : 28.12.2023Â
SERIES IV  : SUBSCRIPTION : February  12 – February  16, 2024
            ALLOTMENT : 21.02.2024
Update dated 09.09.2023 : Issue Price for Series II ( September 11 – 15 , 2023 ) isÂ
​ ₹ 5,923 /- per gram of gold.   ( RBI Press Release dated 08.09.2023 ) .  If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,873 per gram .Â
Update dated 18.06.2023 : Issue Price for Series I ( June 19 – 23 , 2023 ) isÂ
​ ₹ 5,926 /- per gram of gold.   ( RBI Press Release dated 16.06.2023 ) .  If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,876 per gram .Â
Dated 15.06.2023 : . Reserve Bank of India, vide its, has announced Series I and II of Sovereign Gold Bond Scheme 2023-24. The terms and conditions of the issuance of the Bonds shall be as per the below notification.Â
The SGBs will be sold through Scheduled Commercial banks (except Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges, viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited. The features of the SGBs are as under:
TIME TABLE :Â
SERIES IÂ Â :Â SUBSCRIPTION :Â Â June 19- June 23, 2023
            ALLOTMENT : 27.06.2023Â
SERIES II  : SUBSCRIPTION : September 11 – September 15, 2023
            ALLOTMENT : 20.09.2023
Dated 15.06.2023 : Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds (SGBs) in tranches as per the calendar specified above :   . 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.
​
 Government of India has announced the Sovereign Gold Bond Scheme 2023-24. 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 :  Â
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 :Â Â 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.Â
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
  Sovereign Gold Bond Scheme 2022-23
Update dated 04.03.2023 : Issue Price for Series IV ( March 06 – 10 , 2023 ) isÂ
​ ₹ 5,611 /- per gram of gold.   ( RBI Press Release dated 03.03.2023 )  . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,561 per gram .Â
​Update dated 17.12.2022 : Issue Price for Series III  ( December 19 – 23 , 2022 ) isÂ
​ ₹ 5,409  /- per gram of gold.  ( RBI Press Release dated 16.12.2022 )  . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,359 per gram .Â
Dated 16.12.2022 : . Reserve Bank of India, vide its, has announced Series III and IV of Sovereign Gold Bond Scheme 2022-23. The terms and conditions of the issuance of the Bonds shall be as per the below notification.Â
The SGBs will be sold through Scheduled Commercial banks (except, Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges, viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.Â
TIME TABLE :Â
SERIES IIIÂ Â :Â SUBSCRIPTION :Â Â December 19- December 23, 2022
            ALLOTMENT : 27.12.2022Â
SERIES IV  : SUBSCRIPTION :  March 06 –March 10, 2023
            ALLOTMENT : 14.03.2023
To know the latest terms & conditions ,  CLICK HERE
Update dated 20.08.2022 :  Issue Price for Series II  (  August 22 – 26 , 2022 ) isÂ
​ ₹ 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 .Â
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 .Â
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 :  Â
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 :Â Â 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.Â
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 04.03.2023 : Issue Price for Series IV ( March 06 – 10 , 2023 ) isÂ
​ ₹ 5,611 /- per gram of gold.   ( RBI Press Release dated 03.03.2023 )  . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,561 per gram .Â
​Update dated 17.12.2022 : Issue Price for Series III  ( December 19 – 23 , 2022 ) isÂ
​ ₹ 5,409  /- per gram of gold.  ( RBI Press Release dated 16.12.2022 )  . If you apply on-line in digital mode , you will get a discount of Rs 50 per gram with net price of Rs 5,359 per gram .Â
Dated 16.12.2022 : . Reserve Bank of India, vide its, has announced Series III and IV of Sovereign Gold Bond Scheme 2022-23. The terms and conditions of the issuance of the Bonds shall be as per the below notification.Â
The SGBs will be sold through Scheduled Commercial banks (except, Small Finance Banks, Payment Banks and Regional Rural Banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges, viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited.Â
TIME TABLE :Â
SERIES IIIÂ Â :Â SUBSCRIPTION :Â Â December 19- December 23, 2022
            ALLOTMENT : 27.12.2022Â
SERIES IV  : SUBSCRIPTION :  March 06 –March 10, 2023
            ALLOTMENT : 14.03.2023
To know the latest terms & conditions ,  CLICK HERE
Update dated 20.08.2022 :  Issue Price for Series II  (  August 22 – 26 , 2022 ) isÂ
​ ₹ 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 .Â
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 .Â
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 :  Â
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 :Â Â 2.50 percent per annum payable semi-annually on the nominal value.
14. Bonds can be used as collateral for loans.Â
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
IPOÂ OFÂ KALYAN JEWELLERSÂ INDIAÂ LIMITEDÂ Â :Â
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 .Â
​
ISSUE SIZE :  Fresh Issue of Equity Shares aggregating up to Rs.800 crores & Offer for Sale aggregating up to Rs.375 crores . Total  ofÂ
Rs.1175/- crores at the upper price band.Â
BOOKRUNNERSÂ :
The BOOKRUNNING  lead managers for the issue are :
 1. Axis Capital  Limited .Â
 2. Citigroup Global Markets India Private LimitedÂ
 3. ICICI Securities Limited
4.  .SBI Capital Markets Limited
5. BOB Capital Markets LimitedÂ
6  Link intime India Private Limited ( Registrar )Â
Â
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 .Â
 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   Â
​​
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 |
New Updated ArticleÂ
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 TAX PLANNING FOR FY 2021-2 ( AY 2022-23 )Â
Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and EstimationÂ
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      Â
 TAX PLANNING FOR FY 2021-2 ( AY 2022-23 )Â
Comprehensive  Article on Income tax changes in Rules, Rates , Slabs , Rebates  and EstimationÂ
CLICK HERE TO READÂ
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