Solitario Lab Grown Ltd.
SMEBSETBA
TBA
1 Shares
TBA
₹10
Subscription Details
IPO Timeline
IPO Offer Start
TBA
IPO Offer Ends
TBA
TBA
About the Company
We are a Direct-to-Consumer (“D2C”) jewellery brand under the name “Solitario”, a contemporary lab-grown diamond (“LGD”) jewellery brand, working at the intersection of luxury, affordability, and certified quality, which is relevant, current and adaptable, and provides the ability to experience and wear luxury at more accessible price points through modern designs, certified quality, sustainable sourcing, and accessible pricing. Since LGDs require controlled production environments and lower resource use compared to mined diamonds, which supports our approach towards a more sustainable supply for our product line. We operate on design-led and tech-enabled offline and online D2C retail model, where we manage design, product planning, and customer experience which is supported by a network of third-party contract manufacturers for diamond-growing, cutting and polishing, and jewellery fabrication. This structure enables us to scale efficiently while maintaining control over design, quality, and brand experience.
Use of Proceeds
1. Funding of expenditure towards setting up of 20 New Exclusive Brand Outlets (“New Stores”) and addition of 75 New SIS Counters (“New SIS”) in India. The funding is proposed to be utilised towards the following broad heads: a. Capital expenditure for fit outs in the nature of furniture and fixtures, equipment, Security, Safety and Surveillance Systems and consultancy charges; b. Security deposits towards taking premises on lease for setting up New Stores; and c. Expenditure towards inventory for setting up of New Stores and New SIS 2. General Corporate Purposes.
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IPO FAQs
The for the Solitario Lab Grown Ltd. IPO is 1 shares, which is also the minimum order quantity — you have to apply for at least 1 shares, and in multiples of 1 beyond that.
Solitario Lab Grown Ltd. IPO shares are proposed to be listed on BSE.
Each Solitario Lab Grown Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
- 1.Funding of expenditure towards setting up of 20 New Exclusive Brand Outlets (“New Stores”) and addition of 75 New SIS Counters (“New SIS”) in India. The funding is proposed to be utilised towards the following broad heads: a. Capital expenditure for fit outs in the nature of furniture and fixtures, equipment, Security, Safety and Surveillance Systems and consultancy charges; b. Security deposits towards taking premises on lease for setting up New Stores; and c. Expenditure towards inventory for setting up of New Stores and New SIS
- 2.General Corporate Purposes
Pre-apply means placing your Solitario Lab Grown Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Solitario Lab Grown Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Solitario Lab Grown Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.