04-Mar-2024
2 mins read
Koura Fine Diamond Jewelry Limited is coming up with the SME IPO. This initial public offer is open for subscription from Wednesday, March 6, 2024, and will close on Monday, March 11, 2024. The price is decided at Rs 55 per share. The minimum lot size of this application for the retail category is 2000 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 4000 shares. The minimum amount of investment required for retail category investors is Rs 1,10,000 (55 x 2000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,20,000 (55 x 4000 shares). Koura Fine Diamond Jewelry Limited IPO is a fixed price issue of Rs 5.50 crores. The IPO issue is completely a fresh issue of 10 lakh equity shares. The allotment for this IPO is expected to be finalised on Tuesday, March 12, 2024. Koura Fine Diamond Jewelry Limited’s IPO will be listed on BSE SME, and the listing date is fixed on Thursday, March 14, 2024. The book-running lead manager of Koura Fine Diamond Jewelry Limited IPO is GYR Capital Advisors Private Limited. The registrar for this IPO is Kfin Technologies Limited. The market maker for this IPO is Giriraj Stock Broking.
About Koura Fine Diamond Jewelry Company
Koura Fine Diamond Jewelry was incorporated in March 2022, engaged in the business of wholesale Jewelry and Diamond Jewelry. Company offers 22 Karat Gold and 18 Karat Diamond Jewelry. The company exclusively deals in jewelry which is certified by HallMark. For the gold jewelry, the company obtains certification from the Bureau of Indian Standard. The products of the company are Ring, Earring and Pendant. Company is committed for providing customers with the best quality jewelry that is hallmarked and has a transparent process. Company believes in every piece of jewelry and tells us a story. The company has been successfully operating in Gujarat and Odisha both in western and eastern regions.
Objectives of Koura Fine Diamond Jewelry IPO
The company is likely to use the funds raised through the Initial public offering for funding the working capital requirements of the company. Other than this, General corporate purposes will also be fulfilled.
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Financials of Koura Fine Diamond Jewelry Limited (Amt in Rs Lakhs)
The company reported a revenue of Rs 601.84 lakhs and net profit of Rs 17.01 lakhs for the period ending on 30 September 2023. It reported a revenue of Rs 556.35 lakhs and net profit of Rs 13.41 lakhs for the period ending on 31 march 2023.
| Period Ended | 30-Sep-23 | 31-Mar-23 |
| Assets | 352.53 | 327.34 |
| Revenue | 601.84 | 556.35 |
| Profit After Tax | 17.01 | 13.41 |
| Net Worth | 286.06 | 269.06 |
| Reserves and Surplus | 25.91 | 221.76 |
| Total Borrowing | 48.84 | 51.8 |
Other Important Details of Koura Fine Diamond Jewelry Limited IPO
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | 14-Mar-24 |
| Face Value | Rs 10 per share |
| Price | Rs 55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,000,000 shares |
| amounting to Rs 5.50 crore | |
| Fresh Issue | 1,000,000 shares |
| amounting to Rs 5.50 crore | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 2,601,500 |
| Shareholding post issue | 3,601,500 |
Time-Table of Koura Fine Diamond Jewelry Limited IPO
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | 14-Mar-24 |
| Face Value | Rs 10 per share |
| Price | Rs 55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,000,000 shares |
| amounting to Rs 5.50 crore | |
| Fresh Issue | 1,000,000 shares |
| amounting to Rs 5.50 crore | |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 2,601,500 |
| Shareholding post issue | 3,601,500 |
Lot Size of Koura Fine Diamond Jewelry Limited IPO
| Application | Lots | Shares | Amount |
| Retail – Minimum | 1 | 2000 | Rs 110,000 |
| Retail – Minimum | 1 | 2000 | Rs 110,000 |
| HNI – Minimum | 2 | 4,000 | Rs 220,000 |
IPO Reservation of Koura Fine Diamond Jewelry Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Promoters of Koura Fine Diamond Jewelry Limited and Their Holdings
The promoters of Koura Fine Diamond Jewelry company are Kamlesh Keshavlal Lodhiya.
| Shareholding Pre Issue | 100% percent |
| Shareholding Post Issue | 72.23 percent |
Key Performance Indicator of Koura Fine Diamond Jewelry Limited IPO
| KPI | Values |
| ROE | 6.13% |
| ROCE | 7.64% |
| Debt/Equity | 0.17 |
| RoNW | 5.95% |
| P/BV | 5 |
| PAT Margin (%) | 2.83 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 0.52 | 0.94 |
| P/E (x) | 106.7 | 58.23 |
Lead Manager(s) of Koura Fine Diamond Jewelry Limited IPO
The lead manager for Koura Fine Diamond Jewelry Limited IPO is GYR Capital Advisors Private Limited.
How do you apply for the Koura Fine Diamond Jewelry Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Koura Fine Diamond Jewelry Limited IPO with Bigul.
How do you check the allotment status of Koura Fine Diamond Jewelry Limited IPO?
The registrar for Koura Fine Diamond Jewelry Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is Koura Fine Diamond Jewelry Limited IPO 2024?
Koura Fine Diamond Jewelry Limited IPO is a fixed price issue of Rs 5.50 crores. The IPO issue is completely a fresh issue of 10 lakh equity shares. The allotment for this IPO is expected to be finalised on Tuesday, March 12, 2024.
- Who are the lead managers for the Koura Fine Diamond Jewelry Limited IPO?
GYR Capital Advisors Private Limited is appointed as the lead manager for the IPO.
- What is the role of Mas Services Limited in this IPO?
Kfin Technologies Limited is the registrar for Koura Fine Diamond Jewelry Limited, handling the IPO’s administrative aspects.
- How can I apply for the Koura Fine Diamond Jewelry Limited IPO?
The public subscription of this IPO will open on March 14, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilised?
The company is likely to use the funds raised through the Initial public offering for funding the working capital requirements of the company. Other than this, General corporate purposes will also be fulfilled.
- How can I check the allotment status of the IPO?
Investors can check the allotment status of the Koura Fine Diamond Jewelry Limited IPO 2024 by visiting here.
- What is the financial performance of Koura Fine Diamond Jewelry Limited?
The company reported a revenue of Rs 601.84 lakhs and net profit of Rs 17.01 lakhs for the period ending on 30 September 2023. It reported a revenue of Rs 556.35 lakhs and net profit of Rs 13.41 lakhs for the period ending on 31 march 2023.
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