Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Fri, Feb 2, 2018 - Wed, Feb 7, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Feb 2, 2018
IPO Close
Wed, Feb 7, 2018
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹16.93 Cr
| IPO Date | 2 to 7 Feb, 2018 |
| Listed on | Fri, Feb 16, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,60,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 93,000 shares Alacrity Securities Ltd. (agg. up to ₹0.3348 Cr) |
| Fresh Issue (Ex Market Maker) | 17,67,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 17,67,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 28,42,500 shares |
| Share Holding Post Issue | 47,02,500 shares |
| BSE Script Code | 540953 |
| ISIN | INE923Y01015 |
Kenvi Jewels IPO comprises a total issue size of 18,60,000 shares. The net offer to the public is 17,67,000 shares, after excluding 93,000 shares allotted on a firm basis. Of the Net offer 8,83,500 (50.00%) allocated to NII 8,83,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,83,500 | 50.00% | 47.50% |
| Retail Shares Offered | 8,83,500 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 93,000 | 5.00% | |
| Total Shares Offered | 18,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital | 6.41 |
| 2 | Issue Expenses | 0.29 |
The Kenvi Jewels IPO is subscribed 0.45 times on February 6, 2018 5:00:00 PM (Day 3). The public issue subscribed 0.17 times in the retail category, [.] times in the QIB category, and 0.73 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.73 | 8,83,500 | 6,48,000 |
| Retail | 0.17 | 8,83,500 | 1,50,000 |
| Total | 0.45 | 17,67,000 | 7,98,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.22 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.04 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹35.10 |
| Low | ₹31.05 |
| High | ₹43.20 |
| Last Trade | ₹39.10 |
Lead Manager Reports
Kenvi Jewels IPO is a SME IPO of 18,60,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Feb 2, 2018, and closes on Wed, Feb 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 Fri, Feb 2, 2018 and closes on Wed, Feb 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 Wed, Feb 14, 2018. Check the Kenvi Jewels IPO allotment status.
The Kenvi Jewels IPO listing date is on Fri, Feb 16, 2018.
