IPO Details
Bidding Dates
05 Mar '24 - 10 Mar '24
Minimum Investment
₹110,000 / 1 Lot ( 2000 Shares )
Price Range
₹55
Maximum Investment
₹110,000 / 1 Lot ( 2000 Shares )
Retail Discount
Not Applicable
Issue Size
₹5.50 Cr
Investor category and sub category
Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
Mar 5, 2024
Closing Date
Mar 10, 2024
Basis of Allotment Date
Mar 11, 2024
Initiation of Refunds
Mar 12, 2024
Credit of Shares to Demat
Mar 12, 2024
Listing Date
Mar 13, 2024
Cut-off time for UPI mandate confirmation
Mar 10, 2024
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Mar 5, 2024 |
7.09X | 46.66X | 26.92X |
Day 2Mar 6, 2024 |
11.42X | 68.20X | 39.89X |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 11.42x |
| Retail Investors | 68.20x |
| Total | 39.89x |
About Koura Fine Diamond Jewelry Ltd
Koura Fine Diamond Jewelry is engaged in the wholesale business of gold and diamond jewelry. Their promoter has a history spanning over two decades in the Indian Jewellery Industry. They sell a wide range of jewelry products, including gold jewelry and diamond jewelry, mainly via B2B networks. They deal in two types of jewelry, one is the 22 karat gold jewelry and another one is the 18 karat diamond jewelry.
They source finished jewellery from third-party artisans located across India. Additionally, they also supply raw materials i.e. gold bullion/bars to artisans for making their jewellery on a job-work basis in Ahmedabad, Mumbai, Rajkot, and Surat.
The Indian domestic jewellery market size is expected to grow from $57 billion in FY 2022 to $91 billion in FY 2025, i.e. at a CAGR of 16.88%. Organised players like Koura Fine Diamond Jewelry can benefit from this growth of the industry.
Koura Fine Diamond Jewelry Ltd IPO Details
Koura Fine Diamond Jewelry Ltd IPO Dates
The bidding for the Koura Fine Diamond Jewelry IPO will open from March 6, 2024, to March 11, 2024.
Koura Fine Diamond Jewelry Ltd IPO Price Band
Koura Fine Diamond Jewelry is a fixed-price IPO with a price of ₹55 per share.
Koura Fine Diamond Jewelry Ltd IPO Lot Size
The Koura Fine Diamond Jewelry Ltd IPO lot size has been decided at 2,000 shares.
Koura Fine Diamond Jewelry Ltd IPO Objectives
The net proceeds will be utilised towards funding the following:
- Arranging funds for the working capital requirements of the company.
- General corporate purposes.
Peer Details
The company has the following listed peers:
- Ashapuri Gold Ornament Limited
- Vaibhav Global Limited
- Tribhovandas Bhimji Zaveri Limited
How to Check the Allotment Status of the Koura Fine Diamond Jewelry Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Koura Fine Diamond Jewelry Ltd
Registered office: 304, Iscon Emporio, B/S Star India Bazar Nr. Jodhpur Cross Road, Satellite Ahmedabad, 380015
Phone: +91 7016302567
E-mail: info@kouradiamondjewelry.com
IPO Financials
| Particulars | Period Ended on September 30, 2023 | Period between March 22, 2023, to March 31, 2023 |
|---|---|---|
| Total Revenue | 601.84 | 556.35 |
| Profit (Loss) for the Year | 17.01 | 13.41 |
| EBITDA Margin | 4.44 | 4.88 |
| Current Ratio | 5.01 | 5.25 |
| Debt-to-Equity Ratio | 0.17 | 0.19 |
Know before investing
Strengths
3-
Their promoter, Mr Kamlesh K. Lodhiya, has been involved in the jewellery business for more than 20 years. He and his team are actively involved in the operations of the company.
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Their sole focus on the B2B jewellery wholesale segment has helped them to be a trusted supplier among their client bases. This has resulted in repetitive orders and customer confidence in their products and dealings.
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As part of its long-term strategy, the company plans to invest in building a state-of-the-art e-commerce platform that will offer an extensive range of jewellery products to customers across India.
Risks
3-
Their income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on their results of operations.
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They have historically derived, and may continue to derive, a significant portion of their income from their top 5 customers. 68.95% of their revenue from operations in FY 2023 came from their top 5 customers. Loss of a single big customer may thus disrupt their revenues.
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Their success depends on their ability to identify, originate and define product and market trends, both on a pan-India, international and more local level.
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Koura Fine Diamond Jewelry Ltd IPO FAQs
Koura Fine Diamond Jewelry IPO is a fixed price IPO. The IPO will be open from March 6, 2024, to March 11, 2024.
The basis of allotment will be done on Tuesday, March 12, 2024. The credit of shares to the demat account will be on Wednesday, March 13, 2024.
The IPO will open for subscription from March 6, 2024, to March 11, 2024.
The lot size for the IPO is 2,000 shares.
Koura Fine Diamond Jewelry Ltd IPO will be listed on the BSE SME exchange on Thursday, March 14, 2024.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The listing date will be Thursday, March 14, 2024.
Initially, the bank will only block the amount in your account. The money will be debited once the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
