National News
DGFT Summit Explores E-commerce’s Role in Boosting Gem & Jewellery Export Potential
The Directorate General of Foreign Trade (DGFT) hosted an E-commerce Export Summit at Bharat Mandapam, Pragati Maidan, on 11th March, gathering industry leaders to explore the growing potential of e-commerce in enhancing retail exports. Mr. Sabyasachi Ray, Executive Director of GJEPC, delivered a keynote presentation on ‘Enhancing Retail Exports through E-commerce.’
In his opening remarks, Mr. Ray emphasized the critical role of e-commerce platforms in driving growth for the gem and jewellery sector. He noted that e-commerce is particularly well-suited to this industry due to the low volume and high value of its products, making it ideal for cross-border trade. He expressed confidence that businesses in the sector will see substantial growth in the near future, driven by the accessibility and scalability of e-commerce.
Mr. Ray also provided insights into recent foreign trade policy reforms introduced by the Government of India. These regulatory changes have significantly eased e-commerce exports, contributing to the sector’s remarkable growth. Currently, India’s gem and jewellery exports total $38 billion, with projections aiming for $100 billion by 2047, largely fueled by the expanding e-commerce landscape.
He advised exporters to focus on identifying key product markets and understanding consumer preferences to secure repeat business. Additionally, he highlighted the recent partnerships formed by the GJEPC with major e-commerce platforms like eBay, Amazon, and DHL, aiming to provide a seamless export experience for its members.
National News
Deepa Jewellers IPO GMP Today: Grey Market Hints 16% Listing Gain
Grey Market Premium (GMP) Currently Trading At +₹28 Per Share. This Points Toward An Estimated Listing Price Of ₹205 On The Upper Band
The initial public offering (IPO) of Deepa Jewellers is set to close for subscription today, September 3, following a three-day bidding window that opened on September 1.
Offered in a price band of Rs 168 to Rs 177 per equity share with a face value of Rs 2, the issue required a minimum lot size of 84 shares. The company structured its allocation quota to reserve up to 50% for Qualified Institutional Buyers (QIBs), at least 35% for retail investors, and a minimum of 15% for Non-Institutional Investors (NIIs).
Grey market trends indicate high investor appetite, with the Grey Market Premium (GMP) currently trading at +Rs 28 per share. This points toward an estimated listing price of Rs 205 on the upper band, representing a potential gain of approximately 15.82%. Over the past nine sessions, the GMP has shown consistent upward momentum, reaching peak levels of up to Rs 55.
Following the close of the issue today, the allotment process is expected to be finalized on Friday, September 4. Unsuccessful bidders will see refunds initiated on Monday, September 7, coinciding with the credit of shares to the demat accounts of successful allottees.
Deepa Jewellers is slated to make its official trading debut on both the BSE and NSE on Tuesday, September 8.
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National News5 minutes agoDeepa Jewellers IPO GMP Today: Grey Market Hints 16% Listing Gain
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