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Kabra Jewels IPO is a book build issue of ₹40.00 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹40.00 crore.
Kabra Jewels IPO bidding started from Jan 15, 2025 and ended on Jan 17, 2025. The allotment for Kabra Jewels IPO was finalized on Jan 20, 2025. The shares got listed on NSE SME on Jan 22, 2025.
Kabra Jewels IPO price band is set at ₹128.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,28,000 (1000 shares) (based on upper price). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,56,000.
Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Kabra Jewels IPO RHP for detailed Information.
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | January 22, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹121 to ₹128 per share |
| Issue Price Final | ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 31,25,000 shares (aggregating up to ₹40.00 Cr) |
| Reserved for Market Maker | 2,90,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹3.71 Cr) |
| Net Offered to Public | 28,35,000 shares (aggregating up to ₹36.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,60,000 shares |
| Share Holding Post Issue | 1,04,85,000 shares |
Kabra Jewels IPO offers total 31,25,000 shares. Out of which 14,16,000 (45.31%) allocated to QIB, 5,67,000 (18.14%) allocated to QIB (Ex- Anchor), 4,26,000 (13.63%) allocated to NII, 9,93,000 (31.78%) allocated to RII and 8,49,000 (27.17%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,90,000 (9.28%) |
| QIB Shares Offered | 14,16,000 (45.31%) |
| − Anchor Investor Shares Offered | 8,49,000 (27.17%) |
| − QIB (Ex. Anchor) Shares Offered | 5,67,000 (18.14%) |
| NII (HNI) Shares Offered | 4,26,000 (13.63%) |
| Retail Shares Offered | 9,93,000 (31.78%) |
| Total Shares Offered | 31,25,000 (100.00%) |
Kabra Jewels IPO raises ₹10.87 crore from anchor investors. Kabra Jewels IPO Anchor bid date is January 14, 2025. Kabra Jewels IPO Anchor Investors list
| Bid Date | January 14, 2025 |
| Shares Offered | 8,49,000 |
| Anchor Portion Size (In Cr.) | 10.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 20, 2025 |
Kabra Jewels IPO opens on January 15, 2025, and closes on January 17, 2025.
| IPO Open Date | Wed, Jan 15, 2025 |
| IPO Close Date | Fri, Jan 17, 2025 |
| Tentative Allotment | Mon, Jan 20, 2025 |
| Initiation of Refunds | Tue, Jan 21, 2025 |
| Credit of Shares to Demat | Tue, Jan 21, 2025 |
| Tentative Listing Date | Wed, Jan 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 17, 2025 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,28,000 |
| Retail (Max) | 1 | 1,000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewelry business, offers a diverse collection of gold, diamond, and silver ornaments.
The company designs, manufactures, and sells a wide range of gold, studded, and other jewelry products across various price, ranging from jewelry for special occasions, such as weddings, which is their highest-selling product category, to daily-wear jewelry.
The company operates 6 showrooms in Ahmedabad under the brands KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels - Atarashi, and KK Jewels - Silver Studio, along with 3 offices and 1 exhibition center.
Business Model:
Products: Rings, Earrings, Pendants, Nose, Bracelets, Chains, Necklaces and Bangles.
As on November 30, 2024, the company has employed 121 employees.
Competitve Strength:
| 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 | ||||
The market capitalization of Kabra Jewels IPO is ₹134.21 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 30.25% |
| ROCE | 18.23% |
| Debt/Equity | 2.90 |
| RoNW | 30.25% |
| PAT Margin | 5.73% |
| Price to Book Value | 3.03 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.77 | 12.60 |
| P/E (x) | 10.03 | 10.16 |
The Company intend to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company primarily operating in retail jewellery segment with a diverse range of gold/diamond/silver ornaments offerings. It posted steady growth in its top lines for the reported periods. Setback in bottom line for FY23 is attributed to highly volatile gold prices. Based on its recent financial performance, the issue appears reasonably priced. The management is confident of maintaining the trends going forward with strategic marketing plans and long term relationship with customers on a personalized basis. Investors may park funds for medium to long term. Read detail review...
| Listing Date | January 22, 2025 |
| BSE Script Code | |
| NSE Symbol | KKJEWELS |
| ISIN | INE0XOW01017 |
| Final Issue Price | ₹128 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹128.00 |
| Open | ₹243.20 |
| Low | ₹243.20 |
| High | ₹255.35 |
| Last Trade | ₹255.35 |
Kabra Jewels Ltd.
Shop no.6, Ground Floor,
Iscon Center, Besides Tanishq,
Shivranjani Cross Road, Satellite
Ahmedabad, Gujarat, 380015
Phone: +91 93288 71207
Email: cs.kkjewels@gmail.com
Website: https://kkjewels.org/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Kabra Jewels IPO is a SME IPO of 31,25,000 equity shares of the face value of ₹10 aggregating up to ₹40.00 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 1000.
The IPO opens on January 15, 2025, and closes on January 17, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kabra Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in Kabra Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kabra Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kabra Jewels IPO opens on January 15, 2025 and closes on January 17, 2025.
Kabra Jewels IPO lot size is 1000, and the minimum amount required for application is ₹1,28,000.
You can apply in Kabra Jewels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kabra Jewels IPO will be done on Monday, January 20, 2025, and the allotted shares will be credited to your demat account by Tuesday, January 21, 2025. Check the Kabra Jewels IPO allotment status.
The Kabra Jewels IPO listing date is on Wednesday, January 22, 2025.
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