Koura Fine Diamond Jewelry Limited IPO is an BSE SME IPO. They are going to raise ₹5.50 Crores via IPO. The issue is priced at ₹55 to 55 per equity share. The IPO is to be listed on BSE.
Koura Fine Diamond Jewelry Limited IPO opens for subscription on March 06, 2024. and closes on March 11, 2024. The allotment for the Koura Fine Diamond Jewelry Limited IPO is expected to be finalized on March 12, 2024. Koura Fine Diamond Jewelry Limited IPO will list on BSE SME with tentative listing date fixed as Friday, March 14, 2024.
| IPO Details | allotment |
| Minimum Investment ₹110,000 /1 Lot (2000 shares) | Price Range ₹55-₹55 | |
| Max Quantity 1 Lots/2000 Shares | Max Investment ₹110,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 5.50 Cr | Employee Discount ₹0 |
| Total Issue Size 1,000,000 Shares (aggregating up to ₹5.50 Cr) | Share Holding Pree Issue 2,601,500 | Issue Type Fixed price Issue IPO |
| Fresh Issue Share 1,000,000 Shares (aggregating up to ₹5.50 Cr) | Share Holding Post Issue 3,601,500 | Listing At BSE SME |
| Market Maker Portion 70,000 shares (Giriraj Stock Broking) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 06 March 2024 |
| Offer Ends | 11 March 2024 |
| Allotment | 12 March 2024 |
| Refunds | 13 March 2024 |
| Credit of shares to Demat account | 13 March 2024 |
| IPO Listing | 14 March 2024 |
About Koura Fine Diamond Jewelry Limited
Incorporated in March 2022, Koura Fine Diamond Jewelry Limited wholesales gold and diamond jewelry. The company offers 22 Karat Gold and 18 Karat Diamond jewellery.
The company deals exclusively in jewelry that is certified by the Hallmark. For gold jewelry, the company obtains certification from the Bureau of Indian Standards (BIS) with 91.6% certifications for 22 Karat and from the International Gemmological Institute, India, and (BIS) with 75% certifications for 18 Karat diamond jewelry.Further, in 2018 their Company ventured into 750 certified and BIS-hallmarked diamond jewellery. They offer a diverse range of jewellery products and are dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings, and earrings.
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 jewelry on a job-work basis in Ahmedabad, Mumbai, Rajkot, and Surat. Their constant endeavor is to maintain the highest standard and quality of our gold, and diamonds used in their jewel pieces.
| Incorporated in | Managing Director |
| 2022 | Mr. |
Share Holding
| Share Holding Pre-Issue | 100.00% |
| Share Holding Post-Issue | 72.23% |
Koura Fine Diamond Jewelry Limited IPO Lot Size
The Koura Fine Diamond Jewelry Limited IPO minimum market lot is 2000 shares with a ₹110,000 application amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4000 | ₹220,000 |
Koura Fine Diamond Jewelry Limited IPO Prospectus
| Koura Fine Diamond Jewelry Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹ | ₹ | ₹ |
| Assets | ₹ | ₹ | ₹ |
| Profit | ₹ | ₹ | ₹ |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 19.81 Cr | ROE | 6.13% |
| P/E (X) | 106.7 | ROCE | 7.64% |
| POST P/E (X) | 58.60 | EPS | |
| Debt to Equity | RONW | 5.95% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Funding the capital expenditure setting up a dyeing unit in Navsari District, Surat, Gujarat.
- Funding the purchase of new machinery proposed to be installed at the new unit proposed to be set up for manufacturing bags in Palsana, Surat, Gujarat, with an intent to expand the product portfolio.
- Funding working capital requirements of the company.
- General Corporate Purposes.
Brokerage Firm IPO Review
- To be updated soon
| Koura Fine Diamond Jewelry Limited Contact Details | |
| Address | Koura Fine Diamond Jewelry Limited 304, Iscon Emporio B/S Star India Bazar Nr. Jodhpur Cross Road, Satellite Ahmedabad, 380015 |
| Phone: | +91 7016302567 |
| Info@kouradiamondjewelry.com | |
| Website | https://kouradiamondjewelry.com/ |
| Koura Fine Diamond Jewelry Limited IPO Registrar | |
| . | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| ccl.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| Koura Fine Diamond Jewelry Limited IPO Allotment Status Check |
| Koura Fine Diamond Jewelry Limited IPO Allotment Status Check Click Here |
| Koura Fine Diamond Jewelry Limited Lead Managers | |
| GYR Capital Advisors Limited 428, Gala Empire, Near T.B. Tower Drive In Road Thaltej, Ahmedabad – 380054 Gujarat, India | |
| Phone | +91-82009 31018 |
| info@gyrcapitaladvisors.com | |
| Website | http://www.gyrcapitaladvisors.com/ |
Koura Fine Diamond Jewelry Limited IPO FAQs
What is Koura Fine Diamond Jewelry Limited IPO?
- Koura Fine Diamond Jewelry Limited IPO is an BSE SME IPO. They are going to raise ₹5.50 Crores via IPO. The issue is priced at ₹55 to ₹55 per equity share. The IPO is to be listed on BSE.
- The IPO opens on March 06, 2024. and closes on March 11, 2024.
When Koura Fine Diamond Jewelry Limited IPO will open?
- The IPO is to open on March 06, 2024. for NII, and Retail Investors. and closes on March 11, 2024
What is Koura Fine Diamond Jewelry Limited IPO Investors Portion?
- The investors’ portion for NII is 50%, and Retail is 50%.
What is Koura Fine Diamond Jewelry Limited IPO Size?
- Koura Fine Diamond Jewelry Limited IPO size is ₹5.50 crores.
What is Koura Fine Diamond Jewelry Limited IPO Price Band?
- Koura Fine Diamond Jewelry Limited IPO Price Band is ₹55 to ₹55 per equity share.
What is Koura Fine Diamond Jewelry Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (2000 Shares) with ₹110,000. and Maximum Lot Size 1 Lots (2000 Shares) with ₹110,000
What is Koura Fine Diamond Jewelry Limited IPO Allotment Date?
- Koura Fine Diamond Jewelry Limited IPO allotment date is March 12, 2024.
What is Koura Fine Diamond Jewelry Limited IPO Listing Date?
- Koura Fine Diamond Jewelry Limited IPO listing date is March 14, 2024. The IPO to list on BSE.