IPO Issue Details
Issue Price / Price Band₹36 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size18,60,000 shares (aggregating up to ₹6.70 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 02 Feb 2018
Subscription CloseWed, 07 Feb 2018
Anchor AllotmentThu, 01 Feb 2018
Basis of AllotmentMon, 12 Feb 2018
Initiation of RefundsWed, 14 Feb 2018
Credit of Shares to DematWed, 14 Feb 2018
Listing DateFri, 16 Feb 2018
UPI Mandate Deadline2018-02-07
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 3,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 6,000 shares
Net Offer to Public17,67,000 shares (aggregating up to ₹6.36 Cr)
Reserved for Market Maker93,000 shares (aggregating up to ₹0.3348 Cr)
Pre-IPO Promoter Holding28,42,500 shares
Post-IPO Promoter Holding47,02,500 shares
About Kenvi Jewels Ltd.
Incorporated in 2013, Kenvi Jewels Ltd(KJL) is Ahmedabad based commpany engaged in manufacturing and retailing of jewellery. Company also engaged into wholesaling and trading of gold jewellery. Kenvi Jewels sell gold jewellery made with or without studded diamonds, precious and semi-precious stones. Company's product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles.Kenvi Jewels retail business is done through its showroom situated at Odhav, Ahmedabad. KJL sell its jewellery under the brand name of 'Suvarnakrupa'. KJL buy its raw materials from bullion market & local markets in Ahmedabad which is then designed and moulded into gold jewellery.
Objects of the Issue
Kenvi Jewels Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
Shareholding & Lock-in
Pre-IPO Promoter Holding
28,42,500 shares
Post-IPO Promoter Holding
47,02,500 shares