EMA Partners IPO vs Kabra Jewels IPO

Comparison between EMA Partners IPO and Kabra Jewels IPO.

IPO Details

EMA Partners IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kabra Jewels IPO is a SME Bookbuilding proposed to list at NSE SME.

	EMA Partners IPO	Kabra Jewels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Indorient Financial Services Ltd.	Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Cameo Corporate Services Ltd.
Market Maker	Alacrity Securities Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of EMA Partners IPO is up to ₹72.21 Cr whereas the issue size of the Kabra Jewels IPO is up to ₹36.29 Cr. The final issue price of EMA Partners IPO is ₹124.00 per share and of Kabra Jewels IPO is ₹128.00 per share.

	EMA Partners IPO	Kabra Jewels IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹117.00 per share	₹121.00 per share
Issue Price (Upper)	₹124.00 per share	₹128.00 per share
Issue Price (Final)	₹124.00 per share	₹128.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	50,27,000 shares	28,35,000 shares
Fresh Issue Size (Amount)	up to ₹62.33 Cr	up to ₹36.29 Cr
OFS Issue Size	7,96,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹9.87 Cr	up to ₹0.00 Cr
Issue Size Total	58,23,000 shares	28,35,000 shares
Issue Size Total (Amount)	up to ₹72.21 Cr	up to ₹36.29 Cr

IPO Timetable

EMA Partners IPO opens on Jan 17, 2025, while Kabra Jewels IPO opens on Jan 15, 2025. The closing date of EMA Partners IPO and Kabra Jewels IPO is Jan 21, 2025, and Jan 17, 2025, respectively.

	EMA Partners IPO	Kabra Jewels IPO
Anchor Bid Date	Jan 16, 2025	Jan 14, 2025
Issue Open	Jan 17, 2025	Jan 15, 2025
Issue Close	Jan 21, 2025	Jan 17, 2025
Basis Of Allotment (Tentative)	Jan 22, 2025	Jan 20, 2025
Initiation of Refunds (Tentative)	Jan 23, 2025	Jan 21, 2025
Credit of Share (Tentative)	Jan 23, 2025	Jan 21, 2025
Listing date (Tentative)	Jan 24, 2025	Jan 22, 2025
Anchor Lockin End date 1	Feb 21, 2025	Feb 19, 2025
Anchor Lockin End date 2	Apr 22, 2025	Apr 20, 2025

Financials & KPIs

EMA Partners IPO P/E ratio is 15.56, as compared to Kabra Jewels IPO P/E ratio of 10.03.

EMA Partners IPO

Kabra Jewels IPO

Financials

EMA Partners India Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,504.71	7,659.05	5,326.29	5,850.27
Total Income	2,632.9	6,883.45	5,106.16	5,786.52
Profit After Tax	437.22	1,427.3	307.07	1,127.06
Net Worth	5,782.72	5,373.95	3,945.52	3,888.45
Reserves and Surplus	5,806.16	5,397.32	3,992.52	3,939.14
Total Borrowing	723.5	758.02	55.97	389.55
Amount in ₹ Lakhs

Kabra Jewels Limited Financial Information (Restated)

Period Ended	30 Nov 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	16,942.59	14,056.17	11,307.33	7,401.16
Total Income	12,548.47	16,424.32	12,234.02	11,212.54
Profit After Tax	880.89	939.64	440.58	540.46
Net Worth	3,986.78	3,105.88	2,166.24	1,725.66
Reserves and Surplus	3,250.78	3,059.88	2,120.24	1,679.66
Total Borrowing	10,307.08	8,996.84	6,982.62	4,730.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.14

89.12

Promoter Shareholding (Post-Issue)

63.27

62.55

P/E Ratio

15.56

10.03

Market Cap

₹288.26 Cr.

₹134.21 Cr.

ROE

30.25%

ROCE

18.23%

Debt/Equity

2.90

EPS

₹7.97

₹12.77

RoNW

30.63%

30.25%

Shares Offered

In the EMA Partners IPO Retail Individual Investors (RII) are offered 20,39,000 shares while in Kabra Jewels IPO retail investors are offered 20,39,000 shares. Qualified Institutional Buyers (QIB) are offered 11,64,000 shares in EMA Partners IPO and 5,67,000 shares in Kabra Jewels IPO.

	EMA Partners IPO	Kabra Jewels IPO
Anchor Investor Reserveration	17,46,000 shares	8,49,000 shares
Market Maker Reserveration	3,07,000 shares	2,90,000 shares
QIB	11,64,000 shares	5,67,000 shares
NII	8,74,000 shares	4,26,000 shares
RII	20,39,000 shares	9,93,000 shares
Employee	0 shares	0 shares
Others
Total	58,23,000 shares	28,35,000 shares

Bids Received (Subscription)

EMA Partners IPO subscribed 221.06x in total, whereas Kabra Jewels IPO subscribed 356.02x.

	EMA Partners IPO	Kabra Jewels IPO
QIB (times)	147.69x	154.53x
NII (times)	444.08x	556.90x
Big NII (times)
Small NII (times)
RII (times)	167.35x	384.90x
Employee (times)
Other (times)
Total (times)	221.06x	356.02x

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