March 14, 2024
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Koura Fine Diamond Jewelry IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Koura Fine Diamond Jewelry IPO Post Listing Review :
On 14th March, the scrip is listed at Rs. 75, premium of 36.36% over the issue-price of Rs. 55. The IPO commanded premium, and this listing has been much below the expectations of grey market.
Check Subscription status of Koura Fine Diamond Jewelry IPO
On 11 March 2024 5.00 pm (Day 3) (Closed)
Review:
NII: 465000 Shares 373.66 T
RII: 465000 Shares 1083.98 T
Total: 930000 Shares 733.01 T
What is the business of Koura Fine Diamond Jewelry?
Koura Fine Diamond Jewelry is engaged into the wholesale business of gold and diamonds jewelleries. The Company sells wide range of jewellery products, including gold jewellery and diamond jewellery. Its business model is B2B. It deals in two types of jewellery; one is in 22 Karat Gold jewellery and another one is in 18 Karat Diamond jewellery. It believes that it is a well-known and trusted jewellery wholesaler. Since the system of hallmarking is legally introduced, the company deals only in jewellery certified by Hallmark; for gold jewellery we get it certified from the Bureau of Indian Standards (BIS) and 91.6% certifications for 22 Karat and International Gemmological Institute, India, and (BIS) 75% certifications for 18 Karat diamond jewellery we get it certified from. Further, in 2018 the Company ventured into 750 certified and BIS-hallmarked diamond jewellery. It offers a diverse range of jewellery products and is dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings and earrings.
The company sources finished jewellery from third-party artisans located across India. Additionally, it also supplies raw material i.e. gold bullion / bars to artisans for making of its jewellery on a job-work basis in Ahmedabad, Mumbai, Rajkot, and Surat.
Get more information about the company @ https://kouradiamondjewelry.com/
| Koura Fine Diamond Jewelry IPO Details | |
| IPO opens on | 6 March 2024 |
| IPO closes on | 11 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1000000 Sh /Rs 5.50 Cr |
| * Fresh Issue | 1000000 Sh /Rs 5.50 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 70000 Sh. |
| Net offer to Public | 930000 Sh./Rs.5.12 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 55 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in Koura Fine Diamond Jewelry IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 465000 | 2.56 |
| RII (50%) | 465000 | 2.56 |
| Total Shares | 930000 | 5.12 |
| Retail portion will be oversubscribed by | 233 | |
| Forms | ||
| How much Shares to Apply in Koura Fine Diamond Jewelry IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 110000 |
| Min HNI Application | 4000 Sh | Rs.220000 |
Who are the Promoters of Koura Fine Diamond Jewelry IPO?
The promoter of the Company is Kamlesh Keshavlal Lodhiya
What are the Objects of Koura Fine Diamond Jewelry IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following objects:
Funding the working capital requirements of the company
General Corporate Purposes
| Koura Fine Diamond Jewelry IPO Tentative timetable | |
| IPO opens on | 6 March 2024 |
| IPO Closes on | 11 March 2024 |
| IPO Allotment on | 12 March 2024 |
| Refund Initiation | 13 March 2024 |
| Credit of Shares | 13 March 2024 |
| Listing on | 14 March 2024 |
| Registered Office of the Company Koura Fine Diamond Jewelry Limited 304, Iscon Emporio B/S Star India Bazar Nr. Jodhpur Cross Road, Satellite Ahmedabad, 380015 |
| Who is the Lead Manager of Koura Fine Diamond Jewelry IPO? GYR Capital Advisors Private Limited |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Koura Fine Diamond Jewelry IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | – | – | – | – |
| 2021-22 | – | – | – | – |
| 2022-23 | 5.56 | 0.17 | 0.65 | 6.74 |
| Book Value of the Share on | 31.03.2023 | Rs 10.34 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 55 | |||
| Koura Fine Diamond Jewelry IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | |
| Price/BV Ratio | – |
| Upper price/BV after IPO | |
How Koura Fine Diamond Jewelry IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Koura Fine Diamond Jewelry | 10 | 5.56 ? | |
| Ashapuri Gold Ornaments | 10 | 158 | 107.63 |
| Viabhav Gems | 10 | 537 | 49.85 |
| TBZ ltd | 10 | 2399 | 13.24 |
# 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.
Koura Fine Diamond Jewelry IPO To the point Guidance
Koura Fine Diamond Jewelry is engaged into the wholesale business of gold and diamonds jewelleries. The Company sells wide range of jewellery products, including gold jewellery and diamond jewellery. Its business model is B2B. It deals in two types of jewellery; one is in 22 Karat Gold jewellery and another one is in 18 Karat Diamond jewellery.
Size: The net size of the IPO is Rs. 5.12 Cr comprising of 930000 shares. Considering the recent IPO trends and hunger of the investors, the IPO is not very large, and it can get oversubscribed without any problem. With just 233 applications, the retail portion will get oversubscribed one time. The HNI portion is just Rs. 4.88 Cr, so huge oversubscription possible.
Financial Snapshot: The company has taken over the business of a proprietorship firm. Firm and the company have good turn over but very low profit margin. There is nothing new in this jewellery business. The shares are offered at attractive valuation. The decision whether to apply or not may be taken on the basis of grey market fancy.
Quicklinks
Koura Fine Diamond Jewelry IPO GMP Detail IPO GMP today details?
Koura Fine Diamond Jewelry IPO
Koura Fine Diamond Jewelry IPO FAQs
What is Koura Fine Diamond Jewelry IPO?
Koura Fine Diamond Jewelry IPO is a SME IPO of 930000 equity shares of the face value of Rs. 10 aggregating up to Rs.5.12 Crores. The issue is priced at Rs.55 per share. The minimum order quantity is 2000 Shares.
When will Koura Fine Diamond Jewelry IPO open?
Koura Fine Diamond Jewelry IPO opens on March 06, 2024, and closes on March 11, 2024.
What is the lot size of Koura Fine Diamond Jewelry IPO?
Koura Fine Diamond Jewelry IPO lot size is 2000 Shares, and the minimum amount required is Rs.110000.
How to apply for Koura Fine Diamond Jewelry IPO?
You can apply in Koura Fine Diamond Jewelry IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Koura Fine Diamond Jewelry IPO allotment?
The finalization of Basis of Allotment for Koura Fine Diamond Jewelry IPO will be done on March 12, 2024, and the allotted shares will be credited to your demat account by March 14, 2024.
When is Koura Fine Diamond Jewelry IPO listing date?
Koura Fine Diamond Jewelry IPO listing date is not yet announced. The tentative date of Koura Fine Diamond Jewelry IPO listing is March 14, 2024.
