Monday, November 12, 2007

Renaissance Jewellery IPO opening on Nov 19th

Incorporated in 1989, Renaissance Jewellery Limited (RJL) is in the business of manufacture and sale of studded gold, platinum and silver jewellery. Renaissance product profile includes rings, earrings, pendants, bracelets, necklaces, etc. which are manufactured using polished diamonds, precious and other semi precious stones which are set in precious metals like gold, platinum and silver. Renaissance has three manufacturing units, two in Mumbai and one at Bhavnagar, Gujarat.

Company is entering the capital markets with an initial public offering, IPO of 5,324,240 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 125/- at lower level and Rs. 150/- at upper level for equity share of Rs. 10/-. The issue opens on Nov 19, 2007, and closes for subscription on Nov 21, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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