Shree Ganesh Jewellery derives 95-97% revenue from exports
Published on Fri, Mar 19, 2010 at 11:26 | Source : CNBC-TV18
Updated at Fri, Mar 19, 2010 at 13:27
Like this story, share it with millions of investors on M3
0
Like this story, share it with millions of investors on M3
Shree Ganesh Jewellery derives 95-97% revenue from exports
The initial public offering (IPO) of Shree Ganesh Jewellery House, an exporter of handcrafted gold jewellery, opened for subscription today. Nilesh Parekh, Chairman, spoke about the latest happenings in his company and sector.
Q: What will Credit Suisse's equity stake hold at post this IPO and are they tendering shares as well?
A: Out of 10.99% they are approximately making a sale of their 40% stake, so post listing their holding will be 5.27% and they will be locked in for a year.
Q: How much of your revenue comes from the export market and how much is sold domestically?
A: Exports are the major chunk at present, it is 95%. Domestic market as we started very recently, last two years we have setup only 13 stores in India, so the domestic market for us is 5% at present.
