January 14, 2025
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Kabra Jewels listing Review
Will give detailed review on listing of this IPO
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Subscription status of Kabra Jewels IPO
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Avax Apparels IPO (Day 1) Price Rs. 60 Lot 2000 shares, Rs. Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Kabra Jewels?
Kabra Jewels Limited, established in 2010, operates in the retail jewelry sector, offering an extensive collection of gold, diamond, and silver ornaments. The company designs, manufactures, and retails a wide range of jewelry, catering to various price points. Its product lineup includes high-demand categories such as wedding jewelry—their best-selling segment—as well as daily-wear jewelry.
The company runs six showrooms in Ahmedabad under several brands: KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio. In addition, Kabra Jewels operates three offices and one exhibition center.
Business Model:
*Model 1: The company directly sources products from vendors, offering items like chains, rings, pendants, and earrings.
*Model 2: Kabra Jewels specializes in custom-designed jewelry, either based on in-house creations or customer specifications. For these, they collaborate with select vendors or artisans (karigars) to craft items such as necklaces, mang tikka, earrings, and bracelets.
Product Range:
Kabra Jewels offers a variety of products, including rings, earrings, pendants, nose pins, bracelets, chains, necklaces, and bangles.
As of November 30, 2024, Kabra Jewels employs 121 people.
Get more information about the company @ https://kkjewels.org/
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Kabra Jewels IPO Details |
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| IPO opens on | 15 January 2025 |
| IPO closes on | 17 January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3125000 Shares / Rs 40.00 Crore |
| * Fresh Issue | 3125000 Shares / Rs 40.00 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 290000 Shares |
| Net offer to Public | 2835000 Shares/ Rs.36.29 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 121-128 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1417500 | 18.14 |
| HNI (15%) | 425250 | 05.44 |
| RII (35%) | 922250 | 12.70 |
| Total Shares | 2835000 | 36.29 |
| Retail portion will be oversubscribed by |
922 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.128000 |
| Min HNI Application | 2000 Shares | Rs. 256000 |
Who are the Promoters of Kabra Jewels?
The promoters of the company are Kailash Kabra and Jyothi Kailash Kabra are the promoters of the company.
What are the Objects of Kabra Jewels IPO?
The Offer comprises of fresh issue of shares.
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
Tentative timetable |
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| IPO opens on | 15 January 2024 |
| IPO Closes on | 17 January 2025 |
| IPO Allotment on | 20 January 2025 |
| Refund Initiation | 21 January 2025 |
| Credit of Shares | 21 January 2025 |
| Listing on | 22 January 2025 |
| Registered Office of the Company Kabra Jewels Limited Shop no.6, Ground Floor, Iscon Center, Besides Tanishq, Shivranjani Cross Road, Satellite Ahmedabad 380015 |
| Who is the Lead Manager of this IPO? Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
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Who is the Registrar to IPO? |
Kabra Jewels IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Kabra Jewels IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 112.13 | 5.40 | – | – |
| 2022-23 | 122.34 | 4.41 | – | – |
| 2023-24 | 164.24 | 9.40 | 67.93 | 30.25 |
| Book Value of the Share on 31.03.2024 |
28.12 | |||
| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 128 | ||
Key Performance
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| Price/EPS of 23-24 | 10.02 |
| Price/BV Ratio | 3.03 |
| Debt/Equity Ratio | 2.90 |
How Kabra Jewels IPO compares with the Peers?
| As on date of RHP | FV | Tota Income | PE |
| Rs. | in Crore | Ratio of | |
| Kabra Jewels | 10 | 10.02 | |
| Motisons Jewellers | 37.22 | ||
| RBZ Jewellers | 27.97 | ||
| DP Abhushan | 30.08 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kabra Jewels IPO Review by Paresh Gordhandas, CA & Research Analyst.
+ from fundamental angle:
+ from grey market angle:
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