IPO DETAILS : Bhakti Gems and Jewellery Ltd.
No.209, Shree Balaji Paragon, B/S Rock Regency Hotel, Opposite A Ahmedabad, Gujarat - 380009
Phone: 26421701

Public Issue of 1962000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 10.00 per share.

Issue Open DateIssue Closing DateApplication MoneyAllotment Money
17/05/201722/05/201720.00 -
Lead Managers Registrar Listed at
GUINESS CORPORATE ADVISORS PVT. LTD.
Skyline Financial Services Private Limited
A-49, Gundecha Onclave,
Kherani Road, Sakinaka, ,
Mumbai, Maharashtra - 400072
Phone: 28511022 Fax:
BSE
Object of the issue

The Company proposes to utilise the funds which are being raised towards funding the objects as set forth below and
achieve the benefits of listing on SME Platform of BSE Limited.

Objects of the Issue

The Issue Proceeds from this issue will be utilised towards the following objects:

a. Funding working capital requirements of the Company,
b. Issue Expenses.


Project Cost
(₹ in Crs.)
WORKING CAPITAL REQUIREMENTS3.64
ISSUE EXPENSES0.28
TOTAL COST3.92

Means of Finance
(₹ in Crs.)
PUBLIC ISSUES3.92
TOTAL COST3.92

Promoted by

The Promoters of the are :

1. Mr. Akshay S. Mehta
2. Mrs. Varshaben A. Mehta


1. Mr. Akshay S. Mehta : Akshay S. Mehta, aged 44 years is the Promoter and Managing Director of the Company. He has completed his matriculation. He has been on the Board of the Company since incorporation and was appointed as Managing Director with effect from December 30, 2016. He has around 18 years of experience in the field of gems and Jewellery business. He spearheads the overall functioning of the Company.


Passport No. : J1354626
Voters ID : ZCU3324753
PAN : AECPM3545E


2. Mrs. Varshaben A. Mehta : Varshaben A. Mehta, aged 44 years is the Promoter and Whole-time Director of the Company. She has completed her matriculation. She has been on the Board of the Company since incorporation and was appointed as Whole-time Director with effect from March 17, 2017. She has around 8 years of experience in the field of gems and Jewellery business.


Passport No. : J2976272
Voters ID : ZCU3324761
PAN : AFFPM8459M