Mumbai: Eighty Jewellers became the 370th company to get listed on the BSE SME Platform on April 13. Eighty Jewellers Ltd came out with an initial public offering of 27,00,000 Equity Shares of Rs.10 each for cash at Rs 41 per equity share, aggregating to Rs 11.07 crore. The company has successfully completed its public issue on April 5. Eighty Jewellers Ltd is a Chhattisgarh-based company whose registered office is at Raipur. The company is engaged in the trading of jewellery, ornaments, watches and luxury articles made of gold, silver, diamonds and platinum under the brand name of Anopchand Tilokchand Jewellers. The company operates on a B2B business model, selling jewellery products to a sub-franchisee store at Korba operated by Chhattisgarh Sales Corp and also serves as a wholesaler to Grand Bhagwati Store in Bilaspur. Mumbai-based Hem Securities Ltd was the lead manager to Eighty Jewellers. UNI
