Kabra Jewels IPO vs Rikhav Securities IPO

Comparison between Kabra Jewels IPO and Rikhav Securities IPO.

IPO Details

Kabra Jewels IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rikhav Securities IPO is a SME Bookbuilding proposed to list at BSE SME.

	Kabra Jewels IPO	Rikhav Securities IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Marwadi Chandarana Intermediaries Brokers Pvt.Ltd.	Smart Horizon Capital Advisors Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Shreni Shares 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 Kabra Jewels IPO is up to ₹36.29 Cr whereas the issue size of the Rikhav Securities IPO is up to ₹84.31 Cr. The final issue price of Kabra Jewels IPO is ₹128.00 per share and of Rikhav Securities IPO is ₹86.00 per share.

	Kabra Jewels IPO	Rikhav Securities IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹121.00 per share	₹82.00 per share
Issue Price (Upper)	₹128.00 per share	₹86.00 per share
Issue Price (Final)	₹128.00 per share	₹86.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	28,35,000 shares	78,03,200 shares
Fresh Issue Size (Amount)	up to ₹36.29 Cr	up to ₹67.11 Cr
OFS Issue Size	0 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹17.20 Cr
Issue Size Total	28,35,000 shares	98,03,200 shares
Issue Size Total (Amount)	up to ₹36.29 Cr	up to ₹84.31 Cr

IPO Timetable

Kabra Jewels IPO opens on Jan 15, 2025, while Rikhav Securities IPO opens on Jan 15, 2025. The closing date of Kabra Jewels IPO and Rikhav Securities IPO is Jan 17, 2025, and Jan 17, 2025, respectively.

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

Financials & KPIs

Kabra Jewels IPO P/E ratio is 10.03, as compared to Rikhav Securities IPO P/E ratio of 6.04.

Kabra Jewels IPO

Rikhav Securities IPO

Financials

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

Rikhav Securities Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,791.49	30,206.82	18,772.01	18,070.69
Total Income	9,615.83	11,134.26	5,452.43	4,298.31
Profit After Tax	5,037.32	4,264.63	1,910.27	1,762.47
Net Worth	18,845.06	13,807.74	9,496.21	7,585.94
Reserves and Surplus	17,346.86	12,309.54	7,998.01	7,086.54
Total Borrowing	2,598.06	4,806.11	994.27	1,506.12
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.12

90.55

Promoter Shareholding (Post-Issue)

62.55

65.63

P/E Ratio

10.03

6.04

Market Cap

₹134.21 Cr.

₹329.31 Cr.

ROE

30.25%

36.60%

ROCE

18.23%

29.48%

Debt/Equity

2.90

0.35

EPS

₹12.77

₹14.23

RoNW

30.25%

30.89%

Shares Offered

In the Kabra Jewels IPO Retail Individual Investors (RII) are offered 9,93,000 shares while in Rikhav Securities IPO retail investors are offered 9,93,000 shares. Qualified Institutional Buyers (QIB) are offered 5,67,000 shares in Kabra Jewels IPO and 19,55,200 shares in Rikhav Securities IPO.

	Kabra Jewels IPO	Rikhav Securities IPO
Anchor Investor Reserveration	8,49,000 shares	29,20,000 shares
Market Maker Reserveration	2,90,000 shares	5,24,800 shares
QIB	5,67,000 shares	19,55,200 shares
NII	4,26,000 shares	14,80,000 shares
RII	9,93,000 shares	34,48,000 shares
Employee	0 shares	0 shares
Others
Total	28,35,000 shares	98,03,200 shares

Bids Received (Subscription)

Kabra Jewels IPO subscribed 356.02x in total, whereas Rikhav Securities IPO subscribed 307.00x.

	Kabra Jewels IPO	Rikhav Securities IPO
QIB (times)	154.53x	170.92x
NII (times)	556.90x	616.42x
Big NII (times)
Small NII (times)
RII (times)	384.90x	251.36x
Employee (times)
Other (times)
Total (times)	356.02x	307.00x

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