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Koura Fine Diamond Jewelry IPO is a fixed price issue of ₹5.50 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹5.50 crore.
Koura Fine Diamond Jewelry IPO bidding started from Mar 6, 2024 and ended on Mar 11, 2024. The allotment for Koura Fine Diamond Jewelry IPO was finalized on Mar 12, 2024. The shares got listed on BSE SME on Mar 14, 2024.
Koura Fine Diamond Jewelry IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Koura Fine Diamond Jewelry IPO RHP for detailed Information.
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | March 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,00,000 shares (aggregating up to ₹5.50 Cr) |
| Reserved for Market Maker | 70,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹0.3850 Cr) |
| Net Offered to Public | 9,30,000 shares (aggregating up to ₹5.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 26,01,500 shares |
| Share Holding Post Issue | 36,01,500 shares |
Koura Fine Diamond Jewelry IPO offers total 10,00,000 shares. Out of which 4,65,000 (46.50%) allocated to NII, 4,65,000 (46.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (7.00%) |
| NII (HNI) Shares Offered | 4,65,000 (46.50%) |
| Retail Shares Offered | 4,65,000 (46.50%) |
| Total Shares Offered | 10,00,000 (100.00%) |
Koura Fine Diamond Jewelry IPO opens on March 6, 2024, and closes on March 11, 2024.
| IPO Open Date | Wed, Mar 6, 2024 |
| IPO Close Date | Mon, Mar 11, 2024 |
| Tentative Allotment | Tue, Mar 12, 2024 |
| Initiation of Refunds | Wed, Mar 13, 2024 |
| Credit of Shares to Demat | Wed, Mar 13, 2024 |
| Tentative Listing Date | Thu, Mar 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 11, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in March 2022, Koura Fine Diamond Jewelry Limited wholesales gold and diamond jewelry. The company offers 22 Karat Gold and 18 Karat Diamond jewellery.
The company deals exclusively in jewelry that is certified by the Hallmark. For gold jewelry, the company obtains certification from the Bureau of Indian Standards (BIS) with 91.6% certifications for 22 Karat and from the International Gemmological Institute, India, and (BIS) with 75% certifications for 18 Karat diamond jewelry.
The company has been successfully operating in Gujarat and Odisha, both in the western and eastern regions.
As of December,31st, 2023, the company has a total strength of 08 employees in various departments.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 352.53 | 327.34 |
| Total Income | 601.84 | 556.35 |
| Profit After Tax | 17.01 | 13.41 |
| Net Worth | 286.06 | 269.06 |
| Reserves and Surplus | 25.91 | 221.76 |
| Total Borrowing | 48.84 | 51.80 |
| Amount in ₹ Lakhs | ||
The market capitalization of Koura Fine Diamond Jewelry IPO is ₹19.81 Cr.
KPI as of Mon, Sep 30, 2024.
| KPI | Values |
|---|---|
| ROE | 6.13% |
| ROCE | 7.64% |
| Debt/Equity | 0.17 |
| RoNW | 5.95% |
| PAT Margin | 2.83% |
| Price to Book Value | 5.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.52 | 0.94 |
| P/E (x) | 106.7 | 58.23 |
The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:
[Dilip Davda] The company does wholesale business in gold and diamond jewelleries. It trades on B2B model on a third party contracts. It posted just 18 months’ working which is listless against asking price. Based on FAY24 annualized earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | March 14, 2024 |
| BSE Script Code | 544139 |
| NSE Symbol | |
| ISIN | INE0M8R01011 |
| Final Issue Price | ₹55 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹75.00 |
| Low | ₹71.25 |
| High | ₹78.75 |
| Last Trade | ₹78.63 |
Koura Fine Diamond Jewelry Ltd.
304, Iscon Emporio
B/S Star India Bazar Nr. Jodhpur
Cross Road, Satellite
Ahmedabad, Gujarat, 380015
Phone: +91 7016302567
Email: Info@kouradiamondjewelry.com
Website: https://kouradiamondjewelry.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ccl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Koura Fine Diamond Jewelry IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.50 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on March 6, 2024, and closes on March 11, 2024.
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 Koura Fine Diamond Jewelry IPO using UPI as a payment gateway. Zerodha customers can apply in Koura Fine Diamond Jewelry IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Koura Fine Diamond Jewelry IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Koura Fine Diamond Jewelry IPO opens on March 6, 2024 and closes on March 11, 2024.
Koura Fine Diamond Jewelry IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Koura Fine Diamond Jewelry 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 Koura Fine Diamond Jewelry IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 13, 2024. Check the Koura Fine Diamond Jewelry IPO allotment status.
The Koura Fine Diamond Jewelry IPO listing date is on Thursday, March 14, 2024.
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