Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Wed, Mar 6, 2024 - Mon, Mar 11, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 6, 2024
IPO Close
Mon, Mar 11, 2024
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹19.81 Cr
| IPO Date | 6 to 11 Mar, 2024 |
| Listed on | Thu, Mar 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,00,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 70,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹0.3850 Cr) |
| Fresh Issue (Ex Market Maker) | 9,30,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 9,30,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 26,01,500 shares |
| Share Holding Post Issue | 36,01,500 shares |
| BSE Script Code | 544139 |
| ISIN | INE0M8R01011 |
Koura Fine Diamond Jewelry IPO comprises a total issue size of 10,00,000 shares. The net offer to the public is 9,30,000 shares, after excluding 70,000 shares allotted on a firm basis. Of the Net offer 4,65,000 (50.00%) allocated to NII 4,65,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,65,000 | 50.00% | 46.50% |
| Retail Shares Offered | 4,65,000 | 50.00% | 46.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,000 | 7.00% | |
| Total Shares Offered | 10,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
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 | 3.53 | 3.27 |
| Total Income | 6.02 | 5.56 |
| Profit After Tax | 0.17 | 0.13 |
| NET Worth | 2.86 | 2.69 |
| Reserves and Surplus | 0.26 | 2.22 |
| Total Borrowing | 0.49 | 0.52 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the company | 4.50 |
| 2 | General Corporate Purposes | 0.50 |
| KPI | Sep 30, 2024 |
|---|---|
| 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 (₹) | 0.52 | 0.94 |
| P/E (x) | 106.7 | 58.23 |
| Promoter Holding | 100% | 72.23% |
| Market Cap | ₹19.81 Cr. |
The Koura Fine Diamond Jewelry IPO is subscribed 733.01 times on March 11, 2024 6:21:00 PM (Day 3). The public issue subscribed 1,083.98 times in the retail category, [.] times in the QIB category, and 373.66 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 373.66 | 4,64,000 | 17,33,78,000 |
| Retail | 1,083.98 | 4,66,000 | 50,51,34,000 |
| Total | 733.01 | 9,30,000 | 68,16,98,000 |
Total Application : 3,57,575
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.45 |
| 2 | Advertising and Marketing Expenses | 0.01 |
| 3 | Fees payable to the stock exchange(s) | 0.01 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 5 | Brokerage and Selling Commission | 0.01 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹75.00 |
| Low | ₹71.25 |
| High | ₹78.75 |
| Last Trade | ₹78.63 |
Lead Manager Reports
Koura Fine Diamond Jewelry IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Mar 6, 2024, and closes on Mon, Mar 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 Wed, Mar 6, 2024 and closes on Mon, Mar 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 Wed, Mar 13, 2024. Check the Koura Fine Diamond Jewelry IPO allotment status.
The Koura Fine Diamond Jewelry IPO listing date is on Thu, Mar 14, 2024.
