Company was incorporated as Mayur Gem and Jewellery Export Private Limited. The name of Company was changed to Rinaissance Gem and Jewellery Export Private Limited with effect from April 16, 1997. The name of our Company was changed to Renaissance Jewellery Private Limited on April 5, 2002. Pursuant to conversion into a public limited company, our name was changed to Renaissance Jewellery Limited with effect from December 20, 2005.
Technical Fact sheet :
Symbol Series – RJL EQ
Inclusion in F&O Segment – Not Eligible
Market Lot 45 shares
Minimum Order Quantity 45 shares
Maximum Subscription Amount for Retail Investor Rs.100000
Book Running Lead Manager Edelweiss Capital Limited
Syndicate Member Edelweiss Securities Limited
PRICE BAND: RS. 125 TO RS. 150 PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10/-. THE FLOOR PRICE IS 12.5 TIMES OF THE FACE VALUE AND THE CAP PRICE IS 15 TIMES OF THE FACE VALUE.
BID OPENS ON: NOVEMBER 19, 2007 CLOSES ON: NOVEMBER 21, 2007
Object of the issue : Expansion of Manufacturing Capacity, Expansion of Capacity & Modern. of Mumbai Units, Investment in Foreign Subsidiary, Augmenting Working Capital requirements.
Renaissance Jewellery Limited specializes in designing high quality jewellery models employing over 2000 skilled workers operating world class machines which operate on cutting edge technology. Considering Natal Chart of incorporation, Moon is placed with Rahu and Venus in Capricorn. While Saturn is posited with Mercury in second house. During the listing period Jupiter will be transiting over Natal Saturn and Mercury from second house. Ganesha feels that the company may collect better fund than expected but, the Mercury, being lord of eighth house may bring some obstacles. Mars, being lord of sixth house may also bring obstacles in collecting finances as it is transiting from eighth house and aspecting second house. Venus is transiting from Virgo with Hasth Nakshatara. It shall support in gaining from Jeweler products. However position of transiting Saturn and Rahu is not favorable for now. After April 2008, Company shall have good speculation and foreign investment, feels Ganesha.
Ganesha wishes all the very best to Renaissance jewellery Ltd.
The Ganeshaspeaks Team