Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, Jun 29, 2022 - Fri, Jul 8, 2022
Veerkrupa Jewellers IPO is a fixed price issue of ₹8.10 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹8.10 crore.
Veerkrupa Jewellers IPO bidding started from Jun 29, 2022 and ended on Jul 8, 2022. The allotment for Veerkrupa Jewellers IPO was finalized on Jul 8, 2022. The shares got listed on BSE SME on Jul 18, 2022.
Veerkrupa Jewellers IPO price is ₹27 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 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 Beeline Broking Ltd..
Refer to Veerkrupa Jewellers IPO RHP for detailed Information.
IPO Open
Wed, Jun 29, 2022
IPO Close
Fri, Jul 8, 2022
Issue Price
₹27 per share
Market Cap (Pre-IPO)
₹21.23 Cr
| IPO Date | 29 Jun to 8 Jul, 2022 |
| Listed on | Mon, Jul 18, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹27 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,52,000 shares Beeline Broking Ltd. (agg. up to ₹0.4104 Cr) |
| Fresh Issue (Ex Market Maker) | 28,48,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 28,48,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 48,63,152 shares |
| Share Holding Post Issue | 78,63,152 shares |
| BSE Script Code | 543545 |
| ISIN | INE0ID001016 |
Veerkrupa Jewellers IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,48,000 shares, after excluding 1,52,000 shares allotted on a firm basis. Of the Net offer 14,24,000 (50.00%) allocated to NII 14,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,24,000 | 50.00% | 47.47% |
| Retail Shares Offered | 14,24,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,52,000 | 5.07% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,08,000 |
| Retail (Max) | 1 | 4,000 | ₹1,08,000 |
| HNI (Min) | 2 | 8,000 | ₹2,16,000 |
Veerkrupa Jewellers Limited is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company's jewellery is made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Veerkrupa Jewellers Limited has two showrooms located at Naroda and Narol has an average size of 1050 square feet and 13 staff, the majority of them are sales personnel.
Veerkrupa Jewellers sell a wide range of jewellery products such as designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts, necklaces, Hand tools, pooja items and decorative items in silver. The company sell jewellery products for multiple occasions such as weddings and party-wear, jewellery for personal milestones, festival jewellery, daily-wear jewellery, kid's jewellery and men's jewellery.
Competitive Strengths:
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 11.60 | 10.35 | 5.20 | 3.35 |
| Total Income | 10.03 | 4.63 | 10.95 | 1.65 |
| Profit After Tax | 0.21 | 0.01 | 0.01 | 0.08 |
| Reserves and Surplus | 3.25 | 3.04 | 3.03 | 0.08 |
| 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 meet the Working Capital requirements | 6.68 |
| 2 | General Corporate Purpose | 0.82 |
| 3 | To meet the expenses of the Issue | 0.60 |
| KPI | |
|---|---|
| RoNW | 0.22 |
| PAT Margin | 0.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.06 | |
| P/E (x) | 75 | |
| Promoter Holding | 79.94% | 49.44% |
| Market Cap | ₹21.23 Cr. |
The Veerkrupa Jewellers IPO is subscribed 1.85 times on July 5, 2022 6:29:00 PM (Day 5). The public issue subscribed 2.67 times in the retail category, [.] times in the QIB category, and 1.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.04 | 14,24,000 | 14,76,000 |
| Retail | 2.67 | 14,24,000 | 38,04,000 |
| Total | 1.85 | 28,48,000 | 52,80,000 |
| # | 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 to the IPO, Registrars and other out of pocket expenses. | 0.47 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing & Stationery, Distribution, Postage | 0.03 |
| 4 | Regulatory and other statutory expenses including Listing Fee | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹27.00 |
| Open | ₹27.00 |
| Low | ₹25.65 |
| High | ₹27.00 |
| Last Trade | ₹25.65 |
Lead Manager Reports
Veerkrupa Jewellers IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Jun 29, 2022, and closes on Fri, Jul 8, 2022.
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 Veerkrupa Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Veerkrupa Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veerkrupa Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veerkrupa Jewellers IPO opens on Wed, Jun 29, 2022 and closes on Fri, Jul 8, 2022.
Veerkrupa Jewellers IPO lot size is 4000, and the minimum amount required for application is ₹1,08,000.
You can apply in Veerkrupa 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 Veerkrupa Jewellers IPO will be done on Friday, July 8, 2022, and the allotted shares will be credited to your demat account by Tue, Jul 12, 2022. Check the Veerkrupa Jewellers IPO allotment status.
The Veerkrupa Jewellers IPO listing date is on Mon, Jul 18, 2022.
