Bookbuilding IPO | ₹40 Cr | Listed at NSE SME | Wed, Jan 15, 2025 - Fri, Jan 17, 2025
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 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 for investment in 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 Open
Wed, Jan 15, 2025
IPO Close
Fri, Jan 17, 2025
Issue Price
₹128 per share
Market Cap (Pre-IPO)
₹134.21 Cr
| IPO Date | 15 to 17 Jan, 2025 |
| Listed on | Wed, Jan 22, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 |
| Issue Price | ₹128 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 31,25,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,90,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 28,35,000 shares (agg. up to ₹36 Cr) |
| Net Offered to Public | 28,35,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 73,60,000 shares |
| Share Holding Post Issue | 1,04,85,000 shares |
| NSE Symbol | KKJEWELS |
| ISIN | INE0XOW01017 |
Kabra Jewels IPO comprises a total issue size of 31,25,000 shares. The net offer to the public is 28,35,000 shares, after excluding 2,90,000 shares allotted on a firm basis. Of the Net offer 14,16,000 (49.95%) are allocated to QIB, 4,26,000 (15.03%) allocated to NII 9,93,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 14,16,000 | 49.95% | 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 | 15.03% | 13.63% |
| Retail Shares Offered | 9,93,000 | 35.03% | 31.78% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,90,000 | 9.28% | |
| Total Shares Offered | 31,25,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
Kabra Jewels IPO raises ₹10.87 crore from anchor investors. Kabra Jewels IPO Anchor bid date is January 14, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 14, 2025 |
| Shares Offered | 8,49,000 |
| Anchor Portion (₹ Cr.) | 10.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Feb 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Apr 20, 2025 |
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 | 169.43 | 140.56 | 113.07 | 74.01 |
| Total Income | 125.48 | 164.24 | 122.34 | 112.13 |
| Profit After Tax | 8.81 | 9.40 | 4.41 | 5.40 |
| NET Worth | 39.87 | 31.06 | 21.66 | 17.26 |
| Reserves and Surplus | 32.51 | 30.60 | 21.20 | 16.80 |
| Total Borrowing | 103.07 | 89.97 | 69.83 | 47.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of certain borrowings availed by the Company, in part or full | 10.00 |
| 2 | To meet Working Capital requirements | 22.00 |
| 3 | General Corporate Purpose | 3.99 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 12.77 | 12.60 |
| P/E (x) | 10.03 | 10.16 |
| Promoter Holding | 89.12% | 62.55% |
| Market Cap | ₹134.21 Cr. |
The Kabra Jewels IPO is subscribed 356.02 times on January 17, 2025 6:19:59 PM (Day 3). The public issue subscribed 384.9 times in the retail category, 154.53 times in the QIB category, and 556.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 154.53 | 5,67,000 | 8,76,17,000 | 106 |
| NII* | 556.9 | 4,26,000 | 23,72,39,000 | 31,000 |
| Retail | 384.9 | 9,93,000 | 38,22,09,000 | 3,82,209 |
| Total | 356.02 | 19,86,000 | 70,70,65,000 | 4,13,315 |
Total Application : 4,13,315
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees (including underwriting, brokerage and selling commission) | 3.05 |
| 2 | Commission / processing fee for SCSBs, Sponsor Bank and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs. ** | 0.40 |
| 3 | Fees payable to Registrar to the Issue | 0.07 |
| 4 | Fees payable to auditors, market research firms and other consultants / professionals | 0.02 |
| 5 | Other Expenses | |
| 6 | Listing fees, SEBI Fees, upload fees, NSE processing fees, book building software fees and other regulatory expenses | 0.27 |
| 7 | Printing and Stationery | 0.01 |
| 8 | Advertising and Marketing expenses | 0.04 |
| 9 | Fees payable to Legal Advisors to the Issue | 0.01 |
| 10 | Miscellaneous | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹128.00 |
| Open | ₹243.20 |
| Low | ₹243.20 |
| High | ₹255.35 |
| Last Trade | ₹255.35 |
Lead Manager Reports
Kabra Jewels IPO is a SME IPO of 31,25,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹128 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Jan 15, 2025, and closes on Fri, Jan 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 Wed, Jan 15, 2025 and closes on Fri, Jan 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 Tue, Jan 21, 2025. Check the Kabra Jewels IPO allotment status.
The Kabra Jewels IPO listing date is on Wed, Jan 22, 2025.
