- Kabra Jewels IPO aims to raise ₹40 crores with a fresh issue of 31.25 lakh shares.
- The IPO opens on January 15, 2025, and closes on January 17, 2025.
- Minimum investment for retail investors is ₹1,28,000 for 1,000 shares.
- The company operates six showrooms in Ahmedabad under the KK Jewels brand.
- Listing on the NSE SME platform is scheduled for January 22, 2025.
Kabra Jewels IPO is set to hit the market with a book-built issue worth ₹40 crores. The IPO comprises a fresh issue of 31.25 lakh shares, opening for subscription on January 15, 2025, and closing on January 17, 2025. The price band is set at ₹121-₹128 per share, with listing scheduled on the NSE SME platform on January 22, 2025.
Kabra Jewels IPO Overview
| Particulars | Details |
|---|---|
| IPO Dates | January 15, 2025 – January 17, 2025 |
| Listing Date | January 22, 2025 (Tentative) |
| Issue Size | ₹40 Crores |
| Shares Offered | 31.25 Lakh Shares (Fresh Issue) |
| Face Value | ₹10 per share |
| Price Band | ₹121 – ₹128 per share |
| Lot Size | 1,000 Shares |
| Market Maker Portion | 2,90,000 Shares |
| Listing Platform | NSE SME |
IPO Tentative Timeline
| Event | Date |
|---|---|
| IPO Opening Date | January 15, 2025 |
| IPO Closing Date | January 17, 2025 |
| Basis of Allotment | January 20, 2025 |
| Initiation of Refunds | January 21, 2025 |
| Credit to Demat | January 21, 2025 |
| Listing Date | January 22, 2025 |
Reservation for Investors
| Investor Category | Shares Reserved |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% of Net Issue |
| Non-Institutional Investors (NII/HNI) | Minimum 15% of Net Issue |
| Retail Individual Investors (RII) | Minimum 35% of Net Issue |
Investment Details
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,28,000 |
| Retail (Max) | 1 | 1,000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
About Kabra Jewels Limited
Founded in 2010, Kabra Jewels Limited is a trusted jewellery retailer in Ahmedabad, offering exquisite gold, diamond, and silver ornaments. It operates through six showrooms, branded as KK Jewels Bridal, KK Jewels Diamond, and KK Jewels Silver.
Product Categories
- Gold, diamond, and silver ornaments.
- Rings, necklaces, bangles, earrings, bracelets, pendants.
Business Model
- Direct Sourcing: The company procures ready-made jewellery items, including chains, rings, pendants, and earrings, directly from trusted vendors offering general designs.
- Customized Jewelry: For personalized jewelry, the company designs products in-house or based on customer preferences. Skilled artisans (karigars) are selected to manufacture specialized pieces such as necklaces, mang tikkas, earrings, and bracelets.
Key Strengths
- Well-Established Brand: Operating since 2010, the company has built a strong presence in the jewellery market.
- Commitment to Quality: Recognized for high-quality gold, diamond, and silver jewellery.
- Experienced Leadership: Promoters with extensive experience and a successful track record in the jewellery industry.
- Skilled Artisan Network: Long-standing relationships with experienced artisans, ensuring superior craftsmanship.
- Innovative Product Designs: Emphasis on creating unique and contemporary jewellery designs.
- Efficient Workforce: A team of 121 dedicated employees (as of November 30, 2024) supported by an experienced management structure.
Objects of the Issue
The proceeds from the IPO will be utilized as follows:
- Repayment of Borrowings: Partially or fully repay existing loans to reduce the company’s debt burden.
- Working Capital: Provide funds for meeting operational and working capital requirements.
- General Corporate Purposes: Support corporate activities and strengthen overall business operations.
Financial Performance
The company’s financial performance demonstrates steady growth and resilience:
| Particulars (₹ in Lakhs) | Nov 30, 2024 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total Assets | 16,942.59 | 14,056.17 | 11,307.33 | 7,401.16 |
| Total Revenue | 12,548.47 | 16,424.32 | 12,234.02 | 11,212.54 |
| Profit After Tax (PAT) | 880.89 | 939.64 | 440.58 | 540.46 |
| Net Worth | 3,986.78 | 3,105.88 | 2,166.24 | 1,725.66 |
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.
Create Your Wealth with Paytm Money
