Veerkrupa Jewellers IPO Guidance & Details

Grey Market News for Veerkrupa Jewellers IPO :
On 22 June 2022
Subject to Rates# :  nil
GMP Rates :  – nil
Subscription Trend
On (?) June 2022 @ 5.00 pm
NII (50%) 14,24,000 Sh : (?) T
RII (50%) 14,24,000 Sh : (?) T
Tot 28,48,000 Sh : (?) T

Veerkrupa Jewellers IPO Details
IPO Dates Jun 29, 2022 to Jul 5, 2022
IPO Face Value Rs 10 per share
IPO Price Rs.27 per share
IPO Lot Size 4000 Shares
Issue Size 3,000,000 shares of Rs.10
(aggregating up to Rs.8.10 Cr)
Fresh Issue 3,000,000 shares of Rs.10
(aggregating up to Rs. 8.10 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered 50% of the net offer
NII Shares Offered 50% of the net offer

Minimum 1 4000 Rs. 108,000
Maximum 1 4000 Rs. 108,000
Retail : 356 Applications required for one time subscriptions.

Veerkrupa Jewellers IPO Timetable 
IPO Opening Date Jun 29, 2022
IPO Closing Date Jul 5, 2022
Basis of Allotment Jul 8, 2022
Initiation of Refunds Jul 11, 2022
Credit of Shares to Demat Jul 12, 2022
IPO Listing Date Jul 13, 2022

Veerkrupa Jewellers IPO Business :

Its business operations began as a proprietary firm in 2001.Subsequently, the Company had acquired the business of Proprietorship Concerns of one of the Promoter- Mr. Chirag
Arvind Shah
The company commenced its operations by setting up a showroom in Naroda, Ahmedabad and over the years it had opened its 2nd show room in Narol, Ahmedabad. Its Showrooms with an area of 1050 square feet offer luxurious experience and customer services.

Its collection of jewellery in both the showrooms reflects regional customer preferences and designs. The wide range of jewellery designs, across various price points caters to customers across all market segments.
Its jewellery business includes the sale of jewellery made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones.
For more information about the business, Click www.veerkrupajewellers.com

Promoters of Veerkrupa Jewellers 

Mr. Chirag Arvind Shah and Mrs Nehaben Chiragbhai Shah

Veerkrupa Jewellers   : Objects of the IPO

To Meet Working Capital Requirements

Registered office of Veerkrupa Jewellers 
Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School, Near Dharmnath Prabhu Society
Ahmedabad  382330,
Company Secretary and Compliance Officer: Ms. Purvi Agarwal

Lead Manager of Veerkrupa Jewellers IPO
First Overseas Capital Limited

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 0.04
Earnings per Share 2020-21 Rs 0.06
Earnings per Share 2021-22 9MRs 1.14
Return on Net Worth: 19-20: 0.14%
Return on Net Worth: 20-21: 0.22 %
Return on Net Worth: 21-22 9M : 4.18%
Book Value of the Share as on 31.03.21 Rs 26.25
Book Value after the IPO : Rs. 20.62
Offer Price Rs. 27

IPO Peer Comparison:
Vaibhav Global @ PE Multiple of 53.18
Goldiam Internation @ PE Multiple of 4.96
Swarnsarita Jewels @ PE Multiple of 4.81
Kalyan Jewellers @ PE Multiple of 41.78
Observation by Paresh Gordhandas ( Research Analyst )
For Guidance : Will be updated soon 

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