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Veerkrupa Jewellers IPO is a fixed price issue of Rs 8.10 crores. The issue is entirely a fresh issue of 30 lakh shares.
Veerkrupa Jewellers IPO bidding started from June 29, 2022 and ended on July 8, 2022. The allotment for Veerkrupa Jewellers IPO was finalized on Friday, July 8, 2022. The shares got listed on BSE SME on July 18, 2022.
Veerkrupa Jewellers IPO price is ₹27 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹108,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹216,000.
First Overseas Capital Limited is the book running lead manager of the Veerkrupa Jewellers IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Veerkrupa Jewellers IPO RHP for detailed information.
| IPO Date | June 29, 2022 to July 8, 2022 |
| Listing Date | July 18, 2022 |
| Face Value | ₹10 per share |
| Price | ₹27 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹8.10 Cr) |
| Fresh Issue | 3,000,000 shares (aggregating up to ₹8.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 4,863,152 |
| Share holding post issue | 7,863,152 |
| Market Maker portion | 152,000 shares |
Veerkrupa Jewellers IPO offers 3,000,000 shares. 1,424,000 (47.47%) to NII, 1,424,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 152,000 (5.07%) |
| Other Shares Offered | 1,424,000 (47.47%) |
| Retail Shares Offered | 1,424,000 (47.47%) |
| Total Shares Offered | 3,000,000 (100%) |
Veerkrupa Jewellers IPO opens on June 29, 2022, and closes on July 8, 2022.
| IPO Open Date | Wednesday, June 29, 2022 |
| IPO Close Date | Friday, July 8, 2022 |
| Basis of Allotment | Friday, July 8, 2022 |
| Initiation of Refunds | Monday, July 11, 2022 |
| Credit of Shares to Demat | Tuesday, July 12, 2022 |
| Listing Date | Monday, July 18, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 8, 2022 |
Investors can bid for a minimum of 4000 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 | 4000 | ₹108,000 |
| Retail (Max) | 1 | 4000 | ₹108,000 |
| HNI (Min) | 2 | 8,000 | ₹216,000 |
| Lot Size Calculator | |||
Mr. Chirag Arvind Shah and Mrs Nehaben Chiragbhai Shah are the company promoters.
| Share Holding Pre Issue | 79.94% |
| Share Holding Post Issue | 49.44% |
Veerkrupa Jewellers Limited is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company's jewellery is made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Veerkrupa Jewellers Limited has two showrooms located at Naroda and Narol has an average size of 1050 square feet and 13 staff, the majority of them are sales personnel.
Veerkrupa Jewellers sell a wide range of jewellery products such as designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts, necklaces, Hand tools, pooja items and decorative items in silver. The company sell jewellery products for multiple occasions such as weddings and party-wear, jewellery for personal milestones, festival jewellery, daily-wear jewellery, kid's jewellery and men's jewellery.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-19 | 335.48 | 165.32 | 8.27 | 8.27 |
| 31-Mar-20 | 520.46 | 1094.86 | 0.71 | 302.69 |
| 31-Mar-21 | 1034.77 | 463.28 | 1.07 | 303.76 |
| 31-Dec-21 | 1159.98 | 1002.64 | 21.4 | 325.16 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Veerkrupa Jewellers IPO is Rs 21.23 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 75 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) To meet the Working Capital requirements.
2) General Corporate Expenses.
[Dilip Davda] The company has only two showrooms and for the last three fiscals, it has posted minuscule profits. Based on super profits of 9M-FY22, the issue is highly-priced expressing the greed of the promoters. There is no harm in skipping this exorbitantly priced IPO. Read detail review...
The Veerkrupa Jewellers IPO is subscribed 1.85 times on July 5, 2022 6:29:00 PM. The public issue subscribed 2.67 times in the retail category, times in the QIB category, and 1.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.04 |
| Retail | 2.67 |
| Total | 1.85 |
| Listing Date | July 18, 2022 |
| BSE Script Code | 543545 |
| NSE Symbol | |
| ISIN | INE0ID001016 |
| Final Issue Price | ₹27 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹27.00 |
| ₹27.00 |
| ₹25.65 |
| ₹27.00 |
| ₹25.65 |
Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School, Near Dharmnath Prabhu Society
Ahmedabad
Phone: Naroda, Ahmedabad 382330,
Email: complianceveerkrupa@gmail.com
Website: https://www.veerkrupajewellers.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vjl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Veerkrupa Jewellers IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹8.10 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 29, 2022, and closes on July 8, 2022.
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 Veerkrupa Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Veerkrupa Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Veerkrupa Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Veerkrupa Jewellers IPO opens on June 29, 2022 and closes on July 8, 2022.
Veerkrupa Jewellers IPO lot size is 4000 Shares, and the minimum amount required is ₹108,000.
You can apply in Veerkrupa Jewellers 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 Veerkrupa Jewellers IPO will be done on Friday, July 8, 2022, and the allotted shares will be credited to your demat account by Tuesday, July 12, 2022. Check the Veerkrupa Jewellers IPO allotment status.
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