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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.
| 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 Size | 1,000,000 shares (aggregating up to ₹5.50 Cr) |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹5.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,601,500 |
| Share holding post issue | 3,601,500 |
| Market Maker portion | 70,000 shares Giriraj Stock Broking |
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 Offered | 70,000 (7.00%) |
| Other Shares Offered | 464,000 (46.40%) |
| Retail Shares Offered | 466,000 (46.60%) |
| Total Shares Offered | 1,000,000 (100%) |
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 |
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 | |||
The promoter of the Company is Kamlesh Keshavlal Lodhiya
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.23% |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| 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 | 51.80 |
| Amount in ₹ Lakhs | ||
The market capitalization of Koura Fine Diamond Jewelry IPO is Rs 19.81 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 6.13% |
| ROCE | 7.64% |
| Debt/Equity | 0.17 |
| RoNW | 5.95% |
| P/BV | 5 |
| PAT Margin (%) | 2.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.52 | 0.94 |
| P/E (x) | 106.7 | 58.23 |
The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 373.66 |
| Retail | 1,083.98 |
| Total | 733.01 |
Total Application : 357,575 (1,534.66 times)
| Listing Date | March 14, 2024 |
| BSE Script Code | 544139 |
| NSE Symbol | |
| ISIN | INE0M8R01011 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹55.00 |
| ₹75.00 |
| ₹71.25 |
| ₹78.75 |
| ₹78.63 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ccl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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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
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.
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