Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹140.00 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). The minimum lot size investment for 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 Date | July 24, 2023 to July 28, 2023 |
| Listing Date | August 7, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹140 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 69,10,000 shares (aggregating up to ₹96.74 Cr) |
| Reserved for Market Maker | 3,46,000 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹4.84 Cr) |
| Net Offered to Public | 65,64,000 shares (aggregating up to ₹91.90 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,78,36,900 shares |
| Share Holding Post Issue | 2,47,46,900 shares |
Khazanchi Jewellers IPO offers total 69,10,000 shares. Out of which 32,82,000 (47.50%) allocated to NII, 32,82,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,46,000 (5.01%) |
| NII (HNI) Shares Offered | 32,82,000 (47.50%) |
| Retail Shares Offered | 32,82,000 (47.50%) |
| Total Shares Offered | 69,10,000 (100.00%) |
Khazanchi Jewellers IPO opens on July 24, 2023, and closes on July 28, 2023.
| IPO Open Date | Mon, Jul 24, 2023 |
| IPO Close Date | Fri, Jul 28, 2023 |
| Tentative Allotment | Wed, Aug 2, 2023 |
| Initiation of Refunds | Thu, Aug 3, 2023 |
| Credit of Shares to Demat | Fri, Aug 4, 2023 |
| Tentative Listing Date | Mon, Aug 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 28, 2023 |
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 | ₹1,40,000 |
| Retail (Max) | 1 | 1,000 | ₹1,40,000 |
| HNI (Min) | 2 | 2,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 10,379.93 | 36,165.36 | 230.71 | 2,269.33 | 1,276.21 | 7,786.00 |
| 31-Mar-21 | 11,319.79 | 38,242.89 | 275.58 | 2,544.91 | 1,551.79 | 7,480.12 |
| 31-Mar-22 | 12,436.20 | 25,799.75 | 326.62 | 2,871.53 | 1,878.41 | 8,412.38 |
| 31-Mar-23 | 14,506.80 | 48,181.65 | 756.49 | 3,604.99 | 2,611.87 | 8,462.47 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Khazanchi Jewellers IPO is ₹346.46 Cr.
| KPI | Values |
|---|---|
| ROE | 20.98 |
| ROCE | 18.91 |
| Debt/Equity | 1.45 |
| RoNW | 20.98% |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] KJL operates in a highly competitive and fragmented segment with many players around. The sudden boost in its top and bottom line for FY23 raise eyebrows and concern over the sustainability going forward. Even on the basis of FY23 super earnings, the issue appears exorbitantly priced. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | August 7, 2023 |
| BSE Script Code | 543953 |
| NSE Symbol | |
| ISIN | INE0OWC01011 |
| Final Issue Price | ₹140 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹140.00 |
| Open | ₹142.30 |
| Low | ₹142.30 |
| High | ₹149.40 |
| Last Trade | ₹149.40 |
Khazanchi Jewellers Ltd.
No: 130,
NSC Bose Road,
Sowcarpet,
Chennai, Tamil Nadu, 600079
Phone: +91 44 4201 5915
Email: info@khazanchi.co.in
Website: http://www.khazanchi.co.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Khazanchi Jewellers IPO is a SME IPO of 69,10,000 equity shares of the face value of ₹10 aggregating up to ₹96.74 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000.
The IPO opens on July 24, 2023, and closes on July 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 July 24, 2023 and closes on July 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 Friday, August 4, 2023. Check the Khazanchi Jewellers IPO allotment status.
The Khazanchi Jewellers IPO listing date is on Monday, August 7, 2023.
Useful Articles
RHP