Kabra Jewels IPO
- IPO Date15 Jan, 2025 to 17 Jan, 2025
- Listing Date22 Jan, 2025
- Face Value₹10 per share
- Issue Price₹121 to ₹128 per share
- Lot Size1000 Shares
- Minimum Investment₹1,28,000
- Listing AtNSE SME
- Total Issue Size31,25,000 Shares
(aggregating up to ₹40.00 Cr) - Fresh Issue31,25,000 Shares
(aggregating up to ₹40.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue73,60,000
- Shareholding post issue1,04,85,000
IPO Dates
Closing Date
17 Jan, 2025
Initiation of Refunds
21 Jan, 2025
Listing Date
22 Jan, 2025
15 Jan, 2025
Opening Date
20 Jan, 2025
Basis of Allotment
21 Jan, 2025
Credit of Shares
Kabra Jewels Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,28,000 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,56,000 |
Kabra Jewels Promoter Holding
Kailash Kabra and Jyothi Kailash Kabra are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 89.12% | 62.55% |
Kabra Jewels COMPANY INFORMATION
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 opened for subscription on January 15, 2025 and will close on January 17, 2025. The allotment for the Kabra Jewels IPO is expected to be finalized on Monday, January 20, 2025. Kabra Jewels IPO will list on NSE SME with tentative listing date fixed as Wednesday, January 22, 2025. Kabra Jewels IPO price band is set at ₹121 to ₹128 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹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.
Incorporated in 2010, Kabra Jewels 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.
Kabra Jewels IPO
IPO Overview and Key Highlights
Kabra Jewels, a Gujarat-based company specializing in jewelry design and manufacturing, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 31,25,000 equity shares with a face value of ₹10 each. The proceeds are intended for working capital, business expansion, and general corporate purposes. The shares are proposed to be listed on the NSE EMERGE platform.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 31,25,000 equity shares
- Face Value: ₹10 per share
- Offer Opens: January 15, 2025
- Offer Closes: January 17, 2025
- Listing Exchange: NSE EMERGE
Company Overview
Founded in 2010 and headquartered in Ahmedabad, Kabra Jewels is a jewelry company offering a wide range of ornaments, including gold, silver, and diamond jewelry. Promoters Kailash Kabra and Jyothi Kailash Kabra lead the company with a commitment to quality craftsmanship and innovative designs.
Financial Overview
The company has demonstrated stable financial performance, driven by growing consumer demand for premium jewelry. IPO proceeds will be utilized to enhance operational capacity and expand its market presence.
Key Strengths of Kabra Jewels
- Experienced Promoters: Decades of experience in the jewelry industry.
- Established Brand: Recognized for high-quality and innovative jewelry designs.
- Growth Potential: Positioned to capitalize on the increasing demand for premium jewelry.
IPO Pros and Cons
Pros
- Sectoral Growth: Rising demand for gold and diamond jewelry in both domestic and international markets.
- Operational Expansion: Funds to increase production and diversify product lines.
- Established Market Reputation: Strong presence in Gujarat and growing national recognition.
Cons
- Market Dependency: Revenue linked to trends in the luxury goods and jewelry market.
- Competitive Landscape: Faces competition from both organized and unorganized players.
- First Public Issue: Uncertainty in post-listing stock performance.
Risk Factors
Potential investors should evaluate the following risks:
- Economic Sensitivity: Revenue tied to gold and diamond prices and consumer spending trends.
- Operational Challenges: Scaling up operations while maintaining quality standards.
- Regulatory Compliance: Adherence to government regulations for the jewelry sector.
Conclusion
The Kabra Jewels IPO offers an opportunity to invest in a growing player in the jewelry industry. With its experienced leadership and a focus on innovation and quality, Kabra Jewels is well-positioned for long-term growth. However, investors should carefully consider risks related to market trends, competition, and operational scalability before investing.
FAQs About Kabra Jewels Ipo
Kabra Jewels IPO will open on 15 Jan, 2025 and close on 17 Jan, 2025. Investors must apply within this period to participate.
The Kabra Jewels IPO price band is set between ₹121.00 and ₹128.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹128000.00.
The Kabra Jewels IPO shares are expected to be listed on 22 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Kabra Jewels IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Kabra Jewels IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.