Kabra Jewels IPO Opens Today: Price Band, Listing Date, Details and Financial Highlights

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

ParticularsDetails
IPO TypeFresh Issue
Issue Size₹40 Crore
Total Shares Offered31.25 Lakh Shares
Price Band₹121 to ₹128 Per Share
Minimum Application1,000 Shares
Minimum Retail Investment₹1,28,000
Minimum HNI Investment₹2,56,000
IPO Opening DateJanuary 15, 2025
IPO Closing DateJanuary 17, 2025
Listing DateJanuary 22, 2025
Lead ManagerMarwadi Chandarana Intermediaries Brokers Pvt. Ltd.
RegistrarCameo Corporate Services Limited
Company Overview and Business Model
Company Overview and Business Model

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:

  1. Direct Purchase Model: Jewelry is sourced directly from suppliers.
  2. Customization Model: Tailored designs based on customer specifications.

Financial Performance

ParticularsAs 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
Why Kabra Jewels IPO is Attractive for Investors

Why Kabra Jewels IPO is Attractive for Investors

StrengthsDetails
Strong Brand ReputationRecognized for quality and customer trust.
Diverse Product RangeExtensive options across gold, diamonds, and silver.
Steady Financial GrowthStable assets and increasing revenue.

This IPO is particularly suitable for investors interested in the jewelry retail sector, offering potential long-term gains.

Read this also: BSE Sensex Contracts to Launch Soon: A Golden Opportunity for Investors

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.

Vikram Singh is the founder of Daily Grow and an experienced finance expert who shares accurate and in-depth information about the stock market, investments, and finance. His writings aim to inspire readers towards financial freedom.

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