IPO shares of Kabra Jewels Limited are offered between ₹121 and ₹128 with a grey market premium of ₹50. The subscription is available from January 15 to January 17, 2025, with 1000 share lots.
Kabra Jewels IPO:
The initial public offering (IPO) of retail jewels firm Kabra Jewels began for subscription today, i.e., Wednesday, January 15, and the ₹40 crore book-built issue will finish on Friday, January 17. Good subscriptions are being received for the IPO, and current grey market patterns suggest that the stock may be offered at a premium of around 60%.
Kabra Jewels IPO Subscription Status:
The issue has been subscribed 0.50 times at 10:40 AM on the first day of subscription, with 0.78 subscriptions made for the retail section and 0.53 subscriptions for the non-institutional investor (NII) segment. Until then, there had been no subscriptions to the section designated for qualified institutional buyers (QIBs).
Kabra Jewels IPO Details:
- Kabra Jewels IPO GMP: The most recent grey market premium (GMP) for Kabra Jewels shares was ₹85 per market source. According to the most recent GMP, the stock may be offered at a more than 66% premium.
- Date of Kabra Jewels IPO: On Wednesday, January 15, the SME IPO became live for subscriptions, and it will end on Friday, January 17.
- The pricing range for the NSE SME IPO of Kabra Jewels has been set at ₹121 to ₹128 per equity share.
- Kabra Jewels IPO book-running lead manager and registrar: Cameo Corporate Services Limited is the issue’s registrar, while Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager.
- The size of Kabra Jewels’ first public offering (IPO): The business plans to raise ₹40 crore by selling 31.25 lakh new shares. The net revenues from the sale will be used to support capital expenditures, cover working capital needs, and repay some of the borrowings.
- Lot size for Kabra Jewels IPO: Bidders may submit applications in lots, and a lot of the SME IPO includes 1,000 firm shares.
- Kabra Jewels IPO reservation: Retail investors will get at least 35% of the net issue, while QIBs will receive no more than 50%. NIIs are entitled to the remaining 15%.
- Date of Kabra Jewels IPO allotment: By SEBI’s listing regulations, the firm must complete the share allocation by 6 PM on the next business day, Monday, January 20, since the IPO closes on Friday, January 17. On Tuesday, January 21, successful bidders can anticipate receiving shares of the firm in their demat accounts; unsuccessful bidders may receive a refund that same day.
- Kabra Jewels IPO listing: The SME IPO is suggested for listing on the NSE SME on Wednesday, January 22, by SEBI’s T+3 regulation of IPO listing.
- Overview of Kabra Jewels’ IPO business: The firm’s Red Herring Prospectus (RHP) states that it is a retail jewelry company that sells a variety of gold, diamond, and silver jewelry as well as coins, utensils, and other artifacts.
According to the RHP, our firm has three offices, one exhibition center, and six showrooms under the brands KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels-Atarashi, and KK Jewels-Silver Studio in Ahmedabad.
In FY22, the company’s operating revenue was ₹1112.08 crore; in FY23 and FY24, it increased to ₹122.27 crore and ₹164 crore, respectively. The company’s November 30, 2024 revenue was ₹125.28 crore.
FY22, FY23, and FY24 had profit after tax (PAT) of ₹5.40 crore, ₹4.41 crore, and ₹9.40 crore, respectively. The company’s PAT for the period ending November 30, 2024, was ₹8.81 crore.
How To Apply For Kabra Jewels Limited IPO?
Use Alice Blue to apply for the Kabra Jewels Limited IPO by doing the following:
- If you don’t already have one, open a trading account with Alice Blue.
- View Kabra Jewels Limited’s IPO information using the Alice Blue platform.
- Within the price range of the IPO, place your offer for the amount of shares you want.
- Verify your details and submit your application as soon as possible.
Kabra Jewels IPO Dates:
- Date of IPO Opening: January 15, 2025
- Date of IPO Closure: January 17, 2025
- Allotment Basis: January 20, 2025
- Payback date: January 21, 2025
- Demat Account Credit Date: January 21, 2025
- Date of IPO Listing: January 22, 2025
