Veerkrupa Jewellers Limited IPO Detail
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:
- Use of the established Brand name.
- Prime Location of the Showroom.
- Diversified product portfolio across categories and price points.
- Experienced Promoter and management team with proven execution capabilities.
- Well established and cordial relationship with our supplier.
Company Promoters
Mr. Chirag Arvind Shah and Mrs Nehaben Chiragbhai Shah are the company promoters.IPO Details
| IPO Opening Date | Jun 29, 2022 |
| IPO Closing Date | Jul 05, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹8.10 Cr |
| Fresh Issue | 3,000,000 shares of ₹10 (aggregating up to ₹8.10 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.15x | 0.22x | 0.19x | |
| Day 2 | - | - | 0.16x | 0.41x | 0.28x | |
| Day 3 | - | - | 0.17x | 0.59x | 0.38x | |
| Day 4 | - | - | 0.79x | 1.96x | 1.38x | |
| Day 5 | - | - | 1.04x | 2.67x | 1.85x |
IPO Tentative Timetable
The Veerkrupa Jewellers Limited IPO open date is Jun 29, 2022, and the close date is Jul 05, 2022. The issue may list on Jul 13, 2022.
| IPO Open Date | Jun 29, 2022 |
| IPO Close Date | Jul 05, 2022 |
| Basis of Allotment Date | Jul 08, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat Account | Jul 12, 2022 |
| IPO Listing Date | Jul 13, 2022 |
IPO Lot Size
The Veerkrupa Jewellers Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108000 |
| Maximum | 1 | 4000 | ₹108000 |
IPO Promoter Holding
| Pre Issue Share Holding | 79.94% |
| Post Issue Share Holding | 49.44% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 520.46 | 1094.86 | 0.71 |
| 31-Mar-21 | 1034.77 | 463.28 | 1.07 |
| 31-Dec-21 | 1159.98 | 1002.64 | 21.4 |
Objects of the Issue:
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.
Veerkrupa Jewellers Limited IPO Registrar:
KFin Technologies Limited
Veerkrupa Jewellers Limited IPO Lead Manager(s):
First Overseas Capital Limited (Past IPO Performance)
Company Contact Information:
Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School, Near Dharmnath Prabhu Society, Ahmedabad
Gujarat
