Koura Fine Diamond Jewelry Limited IPO Detail
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.
Company Promoters
Kamlesh Keshavlal LodhiyaIPO Details
| IPO Opening Date | Mar 06, 2024 |
| IPO Closing Date | Mar 11, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.50 Cr |
| Fresh Issue | ₹5.50 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 7.09x | 46.66x | 26.92x |
| Day 2 | 0.00x | 0.00x | 0.00x | 38.42x | 193.88x | 116.43x |
| Day 3 | 0.00x | 0.00x | 0.00x | 373.66x | 1083.98x | 733.01x |
IPO Tentative Timetable
The Koura Fine Diamond Jewelry Limited IPO open date is Mar 06, 2024, and the close date is Mar 11, 2024. The issue may list on Mar 14, 2024.
| IPO Open Date | Mar 06, 2024 |
| IPO Close Date | Mar 11, 2024 |
| Basis of Allotment Date | Mar 12, 2024 |
| Initiation of Refunds | Mar 13, 2024 |
| Credit of Shares to Demat Account | Mar 13, 2024 |
| IPO Listing Date | Mar 14, 2024 |
IPO Lot Size
The Koura Fine Diamond Jewelry Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹110000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹110000 |
| Maximum | 1 | 2000 | ₹110000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.23% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-23 | 327.34 | 556.35 | 13.41 |
| 30-Sep-23 | 352.53 | 601.84 | 17.01 |
Objects of the Issue:
The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Koura Fine Diamond Jewelry Limited IPO Registrar:
KFin Technologies Limited
Koura Fine Diamond Jewelry Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Koura Fine Diamond Jewelry Limited
304, Iscon Emporio
B/S Star India Bazar Nr. Jodhpur
Cross Road, Satellite Ahmedabad, 380015
