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Koura Fine Diamond Jewelry Limited IPO (Koura Fine Diamond Jewelry IPO) Detail

March 6, 2024 - March 11, 2024

Koura Fine Diamond Jewelry IPO is a fixed price issue of Rs 5.50 crores. The issue is entirely a fresh issue of 10 lakh shares.

Koura Fine Diamond Jewelry IPO bidding started from March 6, 2024 and ended on March 11, 2024. The allotment for Koura Fine Diamond Jewelry IPO was finalized on Tuesday, March 12, 2024. The shares got listed on BSE SME on March 14, 2024.

Koura Fine Diamond Jewelry IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.

GYR Capital Advisors Private Limited is the book running lead manager of the Koura Fine Diamond Jewelry IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Koura Fine Diamond Jewelry IPO is Giriraj Stock Broking.

Refer to Koura Fine Diamond Jewelry IPO RHP for detailed information.

Koura Fine Diamond Jewelry IPO Details

IPO Date March 6, 2024 to March 11, 2024
Listing Date March 14, 2024
Face Value ₹10 per share
Price ₹55 per share
Lot Size 2000 Shares
Total Issue Size1,000,000 shares
(aggregating up to ₹5.50 Cr)
Fresh Issue1,000,000 shares
(aggregating up to ₹5.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding pre issue2,601,500
Share holding post issue3,601,500
Market Maker portion70,000 shares
Giriraj Stock Broking

Koura Fine Diamond Jewelry IPO Reservation

Koura Fine Diamond Jewelry IPO offers 1,000,000 shares. 464,000 (46.40%) to NII, 466,000 (46.60%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered70,000 (7.00%)
Other Shares Offered464,000 (46.40%)
Retail Shares Offered466,000 (46.60%)
Total Shares Offered1,000,000 (100%)

Koura Fine Diamond Jewelry IPO Timeline (Tentative Schedule)

Koura Fine Diamond Jewelry IPO opens on March 6, 2024, and closes on March 11, 2024.

IPO Open Date Wednesday, March 6, 2024
IPO Close Date Monday, March 11, 2024
Basis of Allotment Tuesday, March 12, 2024
Initiation of Refunds Wednesday, March 13, 2024
Credit of Shares to Demat Wednesday, March 13, 2024
Listing Date Thursday, March 14, 2024
Cut-off time for UPI mandate confirmation 5 PM on March 11, 2024

Koura Fine Diamond Jewelry IPO Lot Size

Investors can bid for a minimum of 2000 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 2000 ₹110,000
Retail (Max) 1 2000 ₹110,000
HNI (Min) 2 4,000 ₹220,000
Lot Size Calculator

Koura Fine Diamond Jewelry IPO Promoter Holding

The promoter of the Company is Kamlesh Keshavlal Lodhiya

Share Holding Pre Issue 100%
Share Holding Post Issue 72.23%

About Koura Fine Diamond Jewelry Limited

Incorporated in March 2022, Koura Fine Diamond Jewelry Limited wholesales gold and diamond jewelry. The company offers 22 Karat Gold and 18 Karat Diamond jewellery.

The company deals exclusively in jewelry that is certified by the Hallmark. For gold jewelry, the company obtains certification from the Bureau of Indian Standards (BIS) with 91.6% certifications for 22 Karat and from the International Gemmological Institute, India, and (BIS) with 75% certifications for 18 Karat diamond jewelry.

The company has been successfully operating in Gujarat and Odisha, both in the western and eastern regions.

As of December,31st, 2023, the company has a total strength of 08 employees in various departments.

Koura Fine Diamond Jewelry Limited Financial Information (Restated)

Period Ended30 Sep 202331 Mar 2023
Assets352.53327.34
Revenue601.84556.35
Profit After Tax17.0113.41
Net Worth286.06269.06
Reserves and Surplus25.91221.76
Total Borrowing48.8451.80
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Koura Fine Diamond Jewelry IPO is Rs 19.81 Cr.

KPI as of September 30, 2024.

KPI Values
ROE6.13%
ROCE7.64%
Debt/Equity0.17
RoNW5.95%
P/BV5
PAT Margin (%)2.83
Pre IPO Post IPO
EPS (Rs) 0.520.94
P/E (x) 106.758.23
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.

Objects of the Issue (Koura Fine Diamond Jewelry IPO Objectives)

The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:

  1. Funding the working capital requirements of the company
  2. General Corporate Purposes

Koura Fine Diamond Jewelry IPO Review (Avoid)

[Dilip Davda]  The company does wholesale business in gold and diamond jewelleries. It trades on B2B model on a third party contracts. It posted just 18 months’ working which is listless against asking price. Based on FAY24 annualized earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...


Koura Fine Diamond Jewelry IPO Subscription Status (Bidding Detail)

The Koura Fine Diamond Jewelry IPO is subscribed 733.01 times on March 11, 2024 6:21:00 PM. The public issue subscribed 1,083.98 times in the retail category, times in the QIB category, and 373.66 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other373.66
Retail1,083.98
Total733.01

Total Application : 357,575 (1,534.66 times)

Koura Fine Diamond Jewelry IPO Prospectus

Koura Fine Diamond Jewelry IPO Rating

2
3.0
Rating:Rated 3.0 stars
Vote Here ...

Koura Fine Diamond Jewelry IPO Listing Details

Listing Date March 14, 2024
BSE Script Code 544139
NSE Symbol
ISIN INE0M8R01011
Final Issue Price ₹55 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹55.00
₹75.00
₹71.25
₹78.75
₹78.63

Check IPO Performance…

Koura Fine Diamond Jewelry Limited Contact Details

Koura Fine Diamond Jewelry Limited
304, Iscon Emporio
B/S Star India Bazar Nr. Jodhpur
Cross Road, Satellite Ahmedabad, 380015
Phone: +91 7016302567
Email: Info@kouradiamondjewelry.com
Website: https://kouradiamondjewelry.com/

Koura Fine Diamond Jewelry IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: ccl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Koura Fine Diamond Jewelry IPO - Buy or Not

Koura Fine Diamond Jewelry IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

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Koura Fine Diamond Jewelry IPO FAQs

Koura Fine Diamond Jewelry IPO is a SME IPO of 1,000,000 equity shares of the face value of ₹10 aggregating up to ₹5.50 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000 Shares.

The IPO opens on March 6, 2024, and closes on March 11, 2024.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Koura Fine Diamond Jewelry IPO using UPI as a payment gateway. Zerodha customers can apply in Koura Fine Diamond Jewelry IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Koura Fine Diamond Jewelry IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Koura Fine Diamond Jewelry IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Koura Fine Diamond Jewelry IPO opens on March 6, 2024 and closes on March 11, 2024.

Koura Fine Diamond Jewelry IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.

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.

The finalization of Basis of Allotment for Koura Fine Diamond Jewelry IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 13, 2024. Check the Koura Fine Diamond Jewelry IPO allotment status.

The Koura Fine Diamond Jewelry IPO listing date is on March 14, 2024.
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Koura Fine Diamond Jewelry IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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100 Comments

50. Vickey kumar |   Link |  Bookmark |March 14, 2024 10:22:08 AM
Dear all please suggest mene buy kar liya @71.25

Ab kya hoga...?
50.2. IPONEED |   Link |  Bookmark |March 14, 2024 1:52:31 PM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
LC OPEN
50.3. IPONEED |   Link |  Bookmark |March 15, 2024 11:04:32 AM
IPO Guru IPO Guru (2200+ Posts, 1100+ Likes)
MANSI AND MULTIPILER ENTRY IN THIS STOCK SO LC MORE IN FUTURE
49. G profit |   Link |  Bookmark |March 14, 2024 9:50:32 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
Listed @ 33% premium. Good show. Ipo is very small, can be manipulated easily by large players.
49.1. G profit |   Link |  Bookmark |March 14, 2024 10:08:42 AM
IPO Mentor IPO Mentor (1200+ Posts, 300+ Likes)
But LC. Seems there are no buyers for this 2 year old company. Cannot judge the market. Market is 👑
49.2. rohiitian |   Link |  Bookmark |March 14, 2024 10:15:51 AM
IPO Guru IPO Guru (1200+ Posts, 800+ Likes)
Bit shocked that this listed the best of the 3 today - no fundamentals to support
48. ARJUN'S EYE |   Link |  Bookmark |March 14, 2024 9:08:27 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
Koura Fine Diamond Jewelry Ltd BSE SME IPO.
BSE Code:-544139                  
Symbol:-KOURA
Group:-MT
ISIN:-INE0M8R01011
Issue Price:-55/-
Market Lot:-2000 Shares
Face Value:-10/-
Listing At:-BSE SME
47. ༝༚KarmaTheLord༝༚ |   Link |  Bookmark |March 13, 2024 11:16:27 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
13 lakhs profit for this company. Even a midsize grocery shop will make more profit. This MAY list at 20% discount.
47.1. rvsgr |   Link |  Bookmark |March 22, 2024 3:57:37 PM
Your comment saved many from investing at 71.25.
46. Yearly Allotment Guy |   Link |  Bookmark |March 13, 2024 3:24:03 PM
1/6 - Got 1 lot of Koura Diamond
Hope so it will stable at 109% GMP till tomorrow opening !!
45. ElDorado |   Link |  Bookmark |March 13, 2024 12:56:27 PM (400+ Posts)
Retail 0/3, HNI 0/1.
Not sad to be honest considering the situation.

Looks like IPO season is over for now and will have to come back after some months.
44. KGSKIPO |   Link |  Bookmark |March 13, 2024 12:15:23 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
ICICI has not yet unblocked the money sofar as I have to apply PRATHAM. As new ipo listings are in bad shape and severe downfall in SME share price, no body is crying and blaming ICICI. Silence everywhere
43. SOAM |   Link |  Bookmark |March 13, 2024 10:52:10 AM
Top Contributor Top Contributor (900+ Posts, 100+ Likes)
0/6 in hni of 2/2/2/2/3/8 lots
Looking at recent sentiment and listings, first time koi disappointment nei h.
Hem ka IPO thuk gaya ab tera kya hoga kaliya...
42. milgayasigachire |   Link |  Bookmark |March 13, 2024 9:05:09 AM
Results out on website, not allotted

I will move my money back to FDs, and stop wasting interest amount on this shit

You guys can continue to waste your money, I am done.
42.1. Vimal Garodia |   Link |  Bookmark |March 13, 2024 10:41:53 AM
IPO Guru IPO Guru (3400+ Posts, 3800+ Likes)
@milgayasigachire You are right, time to take a little time out from SME IPOs...
41. vikas uniyal |   Link |  Bookmark |March 13, 2024 10:38:13 AM
0/3 Retail. Not allotment in Koura fine diamond.
40. Iposs |   Link |  Bookmark |March 13, 2024 10:00:54 AM (300+ Posts)
0/1
39. Rajiv RR |   Link |  Bookmark |March 13, 2024 9:45:27 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
0/2 Retail..
38. Maheswaran |   Link |  Bookmark |March 13, 2024 9:39:55 AM
0/3 retails - Nothing is getting alloted.
37. Rakcyt |   Link |  Bookmark |March 13, 2024 9:08:49 AM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
0/5 retails
36. Not Smart |   Link |  Bookmark |March 13, 2024 6:23:44 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Kotak UPI funds lien revoked
35. svh |   Link |  Bookmark |March 13, 2024 12:18:34 AM
IPO Guru IPO Guru (2600+ Posts, 3700+ Likes)
SBI & BOB - UPI Unblocked just now
Not allotted
🙏👍
34. parsaniachetan |   Link |  Bookmark |March 13, 2024 12:13:38 AM
ICICI amt unblock done
33. AbhishekKamboj |   Link |  Bookmark |March 13, 2024 12:12:20 AM
Money unblocked. Message received from Indusind.
32. Iknowyou |   Link |  Bookmark |March 13, 2024 12:05:34 AM
HDFC UPI revoked 😥
31. Vimal Garodia |   Link |  Bookmark |March 12, 2024 6:31:01 PM
IPO Guru IPO Guru (3400+ Posts, 3800+ Likes)
Moved to recent..

31.6. MVP |   Link |  Bookmark |March 12, 2024 11:46:00 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
Nahi sudhara Kfintech.
31.7. Rakcyt |   Link |  Bookmark |March 12, 2024 11:54:06 PM
IPO Guru IPO Guru (1300+ Posts, 1300+ Likes)
@MVP  Yeh ( k.f..n) class ka voh murga hai Jo daily hi Banta hai isliye asar nahi hota 😃