Khazanchi Jewellers Limited IPO Detail
Incorporated in 1996, Khazanchi Jewellers Limited a prominent player in the Indian Jewellery Industry. The company has a strong presence in both the wholesale and retail sectors.
The company specializes in producing and selling a wide range of jewelry products. These include gold, and diamond jewelry, precious stones, and other fancy jewellery and bullion in the form of coins and bars.
Khazanchi Jewellers has a rich history spanning over three decades in the Indian jewelry industry.
The company has one showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. To further its business, the entity intends to establish more such showroom in the same city through funds to be received by way of the IPO.
Khazanchi Jewellers has positive financial reports over the past years. For the financial years 2020, 2021, and 2022, the PAT of the company was Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
Company Promoters
IPO Details
| IPO Opening Date | Jul 24, 2023 |
| IPO Closing Date | Jul 28, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹97.00 Cr |
| Fresh Issue | ₹96.74 Cr |
| Offer for Sale | - |
| Retail Portion | 47.50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.26x | 0.13x | 0.19x | |
| Day 2 | - | - | 0.86x | 0.26x | 0.56x | |
| Day 3 | - | - | 1.18x | 0.38x | 0.78x | |
| Day 4 | - | - | 1.41x | 0.53x | 0.97x | |
| Day 5 | - | - | 1.74x | 0.78x | 1.26x |
IPO Tentative Timetable
The Khazanchi Jewellers Limited IPO open date is Jul 24, 2023, and the close date is Jul 28, 2023. The issue may list on Aug 07, 2023.
| IPO Open Date | Jul 24, 2023 |
| IPO Close Date | Jul 28, 2023 |
| Basis of Allotment Date | Aug 02, 2023 |
| Initiation of Refunds | Aug 03, 2023 |
| Credit of Shares to Demat Account | Aug 04, 2023 |
| IPO Listing Date | Aug 07, 2023 |
IPO Lot Size
The Khazanchi Jewellers Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹140000 |
| Maximum | 1 | 1000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 11319.79 | 38242.89 | 275.58 |
| 31-Mar-22 | 12436.20 | 25799.75 | 326.62 |
| 31-Mar-23 | 14506.80 | 48181.65 | 756.49 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- To finance the establishment of the new showroom at Chennai, Tamil Nadu - (a) Capital Expenditure for the new showroom, (b) Inventory cost for the new showroom
- To augment the working capital requirements of the existing operations and
- For general corporate purposes
Khazanchi Jewellers Limited IPO Registrar:
Cameo Corporate Services Limited
Khazanchi Jewellers Limited IPO Lead Manager(s):
Mark Corporate Advisors Private Limited
Company Contact Information:
Khazanchi Jewellers Limited
No: 130,
NSC Bose Road, Sowcarpet,
Chennai-600 079
