Kabra Jewels Limited IPO (Kabra Jewels IPO) Detail
Kabra Jewels IPO is a book built issue of Rs 40.00 crores. The issue is entirely a fresh issue of 31.25 lakh shares.
Kabra Jewels IPO bidding started from January 15, 2025 and ended on January 17, 2025. The allotment for Kabra Jewels IPO was finalized on Monday, January 20, 2025. The shares got listed on NSE SME on January 22, 2025.
Kabra Jewels IPO price band is set at ₹128 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,21,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,28,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,56,000.
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager of the Kabra Jewels IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for Kabra Jewels IPO is Giriraj Stock Broking Private Limited.
Refer to Kabra Jewels IPO RHP for detailed information.
Kabra Jewels IPO Details
| IPO Date | January 15, 2025 to January 17, 2025 |
| Listing Date | January 22, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹128 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 31,25,000 shares (aggregating up to ₹40.00 Cr) |
| Fresh Issue | 31,25,000 shares (aggregating up to ₹40.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,60,000 shares |
| Share Holding Post Issue | 1,04,85,000 shares |
| Market Maker Portion | 2,90,000 shares Giriraj Stock Broking Private Limited |
Kabra Jewels IPO Reservation
Kabra Jewels IPO offers 31,25,000 shares. 5,67,000 (18.14%) to QIB, 4,26,000 (13.63%) to NII, 9,93,000 (31.78%) to RII and 8,49,000 (27.17%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 8,49,000 (27.17%) |
| Market Maker Shares Offered | 2,90,000 (9.28%) |
| QIB Shares Offered | 5,67,000 (18.14%) |
| NII (HNI) Shares Offered | 4,26,000 (13.63%) |
| Retail Shares Offered | 9,93,000 (31.78%) |
| Total Shares Offered | 31,25,000 (100%) |
Kabra Jewels IPO Anchor Investors Details
Kabra Jewels IPO raises Rs 10.87 crore from anchor investors. Kabra Jewels IPO Anchor bid date is January 14, 2025. Kabra Jewels IPO Anchor Investors list
| Bid Date | January 14, 2025 |
| Shares Offered | 8,49,000 |
| Anchor Portion Size (In Cr.) | 10.87 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 19, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 20, 2025 |
Kabra Jewels IPO Timeline (Tentative Schedule)
Kabra Jewels IPO opens on January 15, 2025, and closes on January 17, 2025.
| IPO Open Date | Wed, Jan 15, 2025 |
| IPO Close Date | Fri, Jan 17, 2025 |
| Tentative Allotment | Mon, Jan 20, 2025 |
| Initiation of Refunds | Tue, Jan 21, 2025 |
| Credit of Shares to Demat | Tue, Jan 21, 2025 |
| Tentative Listing Date | Wed, Jan 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
Kabra Jewels IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,28,000 |
| Retail (Max) | 1 | 1000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
| Lot Size Calculator | |||
Kabra Jewels IPO Promoter Holding
| Share Holding Pre Issue | 89.12% |
| Share Holding Post Issue | 62.55% |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Kabra Jewels Limited
Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewelry business, offers a diverse collection of gold, diamond, and silver ornaments.
The company designs, manufactures, and sells a wide range of gold, studded, and other jewelry products across various price, ranging from jewelry for special occasions, such as weddings, which is their highest-selling product category, to daily-wear jewelry.
The company operates 6 showrooms in Ahmedabad under the brands KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio, along with 3 offices and 1 exhibition center.
Business Model:
- Model 1: Where the company procures goods directly from vendors (General Designs) like Chains, Rings, Pendants, Earrings.
- Model 2: Where the company customizes jewelry based on their in-house specialized designs or customer orders. They select vendors or karigars based on their expertise for the jewelry to be manufactured like Necklace, Mang tikka, earrings, Bracelet.
Products: Rings, Earrings, Pendants, Nose, Bracelets, Chains, Necklaces and Bangles.
As on November 30, 2024, the company has employed 121 employees.
Competitve Strength:
- Established brand
- Quality of the products
- Experienced promoters with established track record of operations
- Well established relationship with the artisans
- Design and Innovation in the product range
- Experienced management team and a motivated & efficient work force.
Company Financials
Kabra Jewels Limited Financial Information (Restated)
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 16,942.59 | 14,056.17 | 11,307.33 | 7,401.16 |
| Revenue | 12,548.47 | 16,424.32 | 12,234.02 | 11,212.54 |
| Profit After Tax | 880.89 | 939.64 | 440.58 | 540.46 |
| Net Worth | 3,986.78 | 3,105.88 | 2,166.24 | 1,725.66 |
| Reserves and Surplus | 3,250.78 | 3,059.88 | 2,120.24 | 1,679.66 |
| Total Borrowing | 10,307.08 | 8,996.84 | 6,982.62 | 4,730.26 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator (KPI)
The market capitalization of Kabra Jewels IPO is Rs 134.21 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 30.25% |
| ROCE | 18.23% |
| Debt/Equity | 2.90 |
| RoNW | 30.25% |
| PAT Margin | 5.73 |
| Price to Book Value | 3.03 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 12.77 | 12.60 |
| P/E (x) | 10.03 | 10.16 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.
Objects of the Issue (Kabra Jewels IPO Objectives)
The Company intend to utilize the proceeds of the Issue to meet the following objects:
- Repayment of certain borrowings availed by the Company, in part or full
- To meet Working Capital requirements
- General Corporate Purpose
Kabra Jewels IPO Review (Apply)
[Dilip Davda] The company primarily operating in retail jewellery segment with a diverse range of gold/diamond/silver ornaments offerings. It posted steady growth in its top lines for the reported periods. Setback in bottom line for FY23 is attributed to highly volatile gold prices. Based on its recent financial performance, the issue appears reasonably priced. The management is confident of maintaining the trends going forward with strategic marketing plans and long term relationship with customers on a personalized basis. Investors may park funds for medium to long term. Read detail review…
Kabra Jewels IPO Subscription Status (Bidding Detail)
The Kabra Jewels IPO is subscribed 356.02 times on January 17, 2025 6:19:59 PM (Day 3). The public issue subscribed 384.9 times in the retail category, 154.53 times in the QIB category, and 556.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 154.53 | 5,67,000 | 8,76,17,000 | 106 |
| NII* | 556.9 | 4,26,000 | 23,72,39,000 | 31,000 |
| Retail | 384.9 | 9,93,000 | 38,22,09,000 | 3,82,209 |
| Total | 356.02 | 19,86,000 | 70,70,65,000 | 4,13,315 |
Total Application : 4,13,315
*Market Maker portion is not included to NII/HNI.
Kabra Jewels IPO Prospectus
Kabra Jewels IPO Listing Details
| Listing Date | January 22, 2025 |
| BSE Script Code | |
| NSE Symbol | KKJEWELS |
| ISIN | INE0XOW01017 |
| Final Issue Price | ₹128 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹128.00 |
| Open | ₹243.20 |
| Low | ₹243.20 |
| High | ₹255.35 |
| Last Trade | ₹255.35 |
Check IPO Performance…
Kabra Jewels Limited Contact Details
Kabra Jewels Limited
Shop no.6, Ground Floor,
Iscon Center, Besides Tanishq,
Shivranjani Cross Road, Satellite Ahmedabad 380015
Phone: +91 93288 71207
Email: cs.kkjewels@gmail.com
Website: https://kkjewels.org/
Kabra Jewels IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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