Fixed Price IPO | ₹97 Cr | Listed at BSE SME | Mon, Jul 24, 2023 - Fri, Jul 28, 2023
Khazanchi Jewellers IPO is a fixed price issue of ₹96.74 crores. The issue is entirely a fresh issue of 0.69 crore shares of ₹96.74 crore.
Khazanchi Jewellers IPO bidding started from Jul 24, 2023 and ended on Jul 28, 2023. The allotment for Khazanchi Jewellers IPO was finalized on Aug 2, 2023. The shares got listed on BSE SME on Aug 7, 2023.
Khazanchi Jewellers IPO price is ₹140 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,80,000.
Mark Corporate Advisors 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 Svcm Securities Pvt.Ltd..
Refer to Khazanchi Jewellers IPO RHP for detailed Information.
IPO Open
Mon, Jul 24, 2023
IPO Close
Fri, Jul 28, 2023
Issue Price
₹140 per share
Market Cap (Pre-IPO)
₹346.46 Cr
| IPO Date | 24 to 28 Jul, 2023 |
| Listed on | Mon, Aug 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 69,10,000 shares (agg. up to ₹97 Cr) |
| Reserved for Market Maker | 3,46,000 shares Svcm Securities Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 65,64,000 shares (agg. up to ₹92 Cr) |
| Net Offered to Public | 65,64,000 shares (agg. up to ₹92 Cr) |
| Share Holding Pre Issue | 1,78,36,900 shares |
| Share Holding Post Issue | 2,47,46,900 shares |
| BSE Script Code | 543953 |
| ISIN | INE0OWC01011 |
Khazanchi Jewellers IPO comprises a total issue size of 69,10,000 shares. The net offer to the public is 65,64,000 shares, after excluding 3,46,000 shares allotted on a firm basis. Of the Net offer 32,82,000 (50.00%) allocated to NII 32,82,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 32,82,000 | 50.00% | 47.50% |
| Retail Shares Offered | 32,82,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,46,000 | 5.01% | |
| Total Shares Offered | 69,10,000 | 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 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Incorporated in 1996, Khazanchi Jewellers Limited is a Chennai-based company engaged in the Jewellery segment. The organization started its operations in 1989 and today marks its presence in both the wholesale and retail sectors.
Khazanchi Jewellers primarily deals in Gold and Silver Jewelry. Their wide product range constitutes earrings, necklaces, chains, pendants, rings, bangles, bracelets, nose pins, mangalsutra and so on.
The company has one showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. To further its business, the entity intends to establish more such showrooms in the same city through funds to be received by way of the IPO.
Other enterprises of the Khazanchi Jewellers Groups are Sutaliya Finance Private Limited, Khazanchi Silvers Private Limited, Silverslane Proprietorship firm, Pathik Sales Private Limited, and KJ Estates Partnership Firm.
Khazanchi Jewellers Limited is led by Mr. Tarachand Mehta, Managing Director, and Mr. Goutham, Executive Director of the company.
Khazanchi Jewellers had positive financial reports over the past years. For the financial years 2020, 2021, and 2022, the PAT of the company was Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 145.07 | 124.36 | 113.20 | 103.80 |
| Total Income | 481.82 | 258.00 | 382.43 | 361.65 |
| Profit After Tax | 7.56 | 3.27 | 2.76 | 2.31 |
| NET Worth | 36.05 | 28.72 | 25.45 | 22.69 |
| Reserves and Surplus | 26.12 | 18.78 | 15.52 | 12.76 |
| Total Borrowing | 84.62 | 84.12 | 74.80 | 77.86 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the establishment of the new showroom at Chennai, Tamil Nadu: Estimated Capital Expenditure for the new showroom and Estimated Inventory cost for the new showroom | 28.62 |
| 2 | Augmenting the working capital requirements of the existing operations | 55.00 |
| 3 | General Corporate Purposes | 12.00 |
| KPI | |
|---|---|
| ROE | 20.98 |
| ROCE | 18.91 |
| Debt/Equity | 1.45 |
| RoNW | 20.98% |
| PAT Margin | 1.57% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.62 | |
| P/E (x) | 45.75 | |
| Promoter Holding | 100.00% | |
| Market Cap | ₹346.46 Cr. |
The Khazanchi Jewellers IPO is subscribed 1.26 times on July 28, 2023 7:02:00 PM (Day 5). The public issue subscribed 0.78 times in the retail category, [.] times in the QIB category, and 1.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.74 | 32,82,000 | 57,00,000 |
| Retail | 0.78 | 32,82,000 | 25,70,000 |
| Total | 1.26 | 65,64,000 | 82,97,000 |
Total Application : 3,057
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Lead Manager (including underwriting commission) | 0.33 |
| 2 | Brokerage, selling commission and upload fees | 0.25 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.06 |
| 4 | Fees to the Registrar to the Issue | 0.03 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.14 |
| 6 | Printing and distribution of Issue stationary | 0.08 |
| 7 | Advertising and Marketing Expenses | 0.18 |
| 8 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs 4 | 0.02 |
| 9 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them 5 | 0.01 |
| 10 | Others (bankers to the Issue, auditor's fees etc.) | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹142.30 |
| Low | ₹142.30 |
| High | ₹149.40 |
| Last Trade | ₹149.40 |
Lead Manager Reports
Khazanchi Jewellers IPO is a SME IPO of 69,10,000 equity shares of the face value of ₹10 aggregating up to ₹97 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Jul 24, 2023, and closes on Fri, Jul 28, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Khazanchi Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Khazanchi Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Khazanchi Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Khazanchi Jewellers IPO opens on Mon, Jul 24, 2023 and closes on Fri, Jul 28, 2023.
Khazanchi Jewellers IPO lot size is 1000, and the minimum amount required for application is ₹1,40,000.
You can apply in Khazanchi Jewellers 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 Khazanchi Jewellers IPO will be done on Wednesday, August 2, 2023, and the allotted shares will be credited to your demat account by Fri, Aug 4, 2023. Check the Khazanchi Jewellers IPO allotment status.
The Khazanchi Jewellers IPO listing date is on Mon, Aug 7, 2023.
