IPO Issue Details
Issue Price / Price Band₹128 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size31,25,000 shares (aggregating up to ₹40.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 15 Jan 2025
Subscription CloseFri, 17 Jan 2025
Anchor AllotmentTue, 14 Jan 2025
Basis of AllotmentMon, 20 Jan 2025
Initiation of RefundsTue, 21 Jan 2025
Credit of Shares to DematTue, 21 Jan 2025
Listing DateWed, 22 Jan 2025
UPI Mandate Deadline2025-01-17
Application & Investment Details
Retail — Min (1 Lots)128000 — 1000 shares
Retail — Max (13 Lots)₹1,664,000 (13 Lots)
HNI — Min (2 Lots)256000 — 2000 shares
EPS (Pre-IPO)₹12.77
EPS (Post-IPO)₹12.60
P/E Ratio (Pre-IPO)10.03x
P/E Ratio (Post-IPO)10.16x
Net Offer to Public28,35,000 shares (aggregating up to ₹36.29 Cr)
Reserved for Market Maker2,90,000 shares (aggregating up to ₹3.71 Cr)
Pre-IPO Promoter Holding73,60,000 shares
Post-IPO Promoter Holding1,04,85,000 shares
About Kabra Jewels Ltd
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 brandQuality of the productsExperienced promoters with established track record of operationsWell established relationship with the artisansDesign and Innovation in the product rangeExperienced management team and a motivated & efficient work force.
Objects of the Issue
Kabra Jewels Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Repayment of certain borrowings availed by the Company, in part or full
2
To meet Working Capital requirements
3
General Corporate Purpose
Shareholding & Lock-in
Pre-IPO Promoter Holding
73,60,000 shares
Post-IPO Promoter Holding
1,04,85,000 shares