Kabra Jewels IPO: Kabra Jewels Limited has announced its new Initial Public Offering (IPO), which consists entirely of a fresh issue worth ₹40 crore. The IPO opened on January 15, 2025, and closed on January 17, 2025. The company’s listing on the NSE SME is scheduled for January 22, 2025. The price band for Kabra Jewels IPO is set at ₹121 to ₹128 per share, with a minimum application requirement of 1,000 shares.
Key Details of Kabra Jewels IPO
Particulars | Details |
---|---|
IPO Type | Fresh Issue |
Issue Size | ₹40 Crore |
Total Shares Offered | 31.25 Lakh Shares |
Price Band | ₹121 to ₹128 Per Share |
Minimum Application | 1,000 Shares |
Minimum Retail Investment | ₹1,28,000 |
Minimum HNI Investment | ₹2,56,000 |
IPO Opening Date | January 15, 2025 |
IPO Closing Date | January 17, 2025 |
Listing Date | January 22, 2025 |
Lead Manager | Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. |
Registrar | Cameo Corporate Services Limited |
Company Overview and Business Model
Established in 2010, Kabra Jewels Limited is engaged in the retail sale of gold, diamond, and silver jewelry. The company operates six flagship showrooms located in Ahmedabad, under various brands such as KK Jewels Bridal, KK Jewels Diamond, and KK Jewels Silver.
The company’s business model comprises:
- Direct Purchase Model: Jewelry is sourced directly from suppliers.
- Customization Model: Tailored designs based on customer specifications.
Financial Performance
Particulars | As of November 30, 2024 |
---|---|
Total Assets | ₹16,942.59 Lakh |
Revenue | ₹12,548.47 Lakh |
Net Profit | ₹880.89 Lakh |
While FY23 saw a decline in net profit due to gold price fluctuations, the company has maintained overall financial stability.
Utilization of IPO Proceeds
The funds raised from this IPO will be utilized for:
- Repayment of Debts: Clearing some borrowings to improve financial stability.
- Working Capital: To support daily operations and expand inventory.
- General Corporate Purposes: Enhancing operational efficiency and customer relations.
Why Kabra Jewels IPO is Attractive for Investors
Strengths | Details |
---|---|
Strong Brand Reputation | Recognized for quality and customer trust. |
Diverse Product Range | Extensive options across gold, diamonds, and silver. |
Steady Financial Growth | Stable assets and increasing revenue. |
This IPO is particularly suitable for investors interested in the jewelry retail sector, offering potential long-term gains.
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Conclusion
Kabra Jewels IPO presents a lucrative investment opportunity for those seeking a combination of financial stability and long-term growth. The company’s strong brand image, experienced management, and increasing market demand position it as a reliable choice. Investors are encouraged to consult their financial advisors before investing in this IPO.