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Kenvi Jewels IPO is a fixed price issue of ₹6.70 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹6.70 crore.
Kenvi Jewels IPO bidding started from Feb 2, 2018 and ended on Feb 7, 2018. The allotment for Kenvi Jewels IPO was finalized on Feb 12, 2018. The shares got listed on BSE SME on Feb 16, 2018.
Kenvi Jewels IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to Kenvi Jewels IPO RHP for detailed Information.
| IPO Date | February 2, 2018 to February 7, 2018 |
| Listing Date | February 16, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,60,000 shares (aggregating up to ₹6.70 Cr) |
| Reserved for Market Maker | 93,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.3348 Cr) |
| Net Offered to Public | 17,67,000 shares (aggregating up to ₹6.36 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 28,42,500 shares |
| Share Holding Post Issue | 47,02,500 shares |
Kenvi Jewels IPO offers total 18,60,000 shares. Out of which 8,83,500 (47.50%) allocated to NII, 8,83,500 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 93,000 (5.00%) |
| NII (HNI) Shares Offered | 8,83,500 (47.50%) |
| Retail Shares Offered | 8,83,500 (47.50%) |
| Total Shares Offered | 18,60,000 (100.00%) |
Kenvi Jewels IPO opens on February 2, 2018, and closes on February 7, 2018.
| IPO Open Date | Fri, Feb 2, 2018 |
| IPO Close Date | Wed, Feb 7, 2018 |
| Tentative Allotment | Mon, Feb 12, 2018 |
| Initiation of Refunds | Wed, Feb 14, 2018 |
| Credit of Shares to Demat | Wed, Feb 14, 2018 |
| Tentative Listing Date | Fri, Feb 16, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 7, 2018 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Incorporated in 2013, Kenvi Jewels Ltd(KJL) is Ahmedabad based commpany engaged in manufacturing and retailing of jewellery. Company also engaged into wholesaling and trading of gold jewellery. Kenvi Jewels sell gold jewellery made with or without studded diamonds, precious and semi-precious stones. Company's product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles.
Kenvi Jewels retail business is done through its showroom situated at Odhav, Ahmedabad. KJL sell its jewellery under the brand name of 'Suvarnakrupa'. KJL buy its raw materials from bullion market & local markets in Ahmedabad which is then designed and moulded into gold jewellery.
The Company Kenvi Jewels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital | 6.41 |
| 2 | Issue Expenses | 0.29 |
[Dilip Davda] <p>Company’s track record is not supporting to asking price, Its equity is having quantum jump and aggressive pricing makes this offer a costly bet. No harm in giving it a miss.</p> Read detail review...
| Listing Date | February 16, 2018 |
| BSE Script Code | 540953 |
| NSE Symbol | |
| ISIN | INE923Y01015 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹35.10 |
| Low | ₹31.05 |
| High | ₹43.20 |
| Last Trade | ₹39.10 |
Kenvi Jewels Ltd.
14, Nav Durga Complex, Opp. Nav Durga Society,
Ambicanagar, ,
Odhav,
Ahmedabad, Gujarat, 382415
Phone: +91 79 22973199, 22891099
Email: compliance.kjl@gmail.com
Website: http://www.kenvijewels.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: kenvijewels.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Kenvi Jewels IPO is a SME IPO of 18,60,000 equity shares of the face value of ₹10 aggregating up to ₹6.70 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on February 2, 2018, and closes on February 7, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kenvi Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in Kenvi Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kenvi Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kenvi Jewels IPO opens on February 2, 2018 and closes on February 7, 2018.
Kenvi Jewels IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Kenvi 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 Kenvi Jewels IPO will be done on Monday, February 12, 2018, and the allotted shares will be credited to your demat account by Wednesday, February 14, 2018. Check the Kenvi Jewels IPO allotment status.
The Kenvi Jewels IPO listing date is on Friday, February 16, 2018.
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