Kabra Jewels IPO Overview

Kabra Jewels IPO is a book built issue of Rs 40.00 crores. The issue is entirely a fresh issue of 31.25 lakh shares.
Kabra Jewels IPO opens for subscription on January 15, 2025 and closes on January 17, 2025. The allotment for the Kabra Jewels IPO is expected to be finalized on Monday, January 20, 2025. Kabra Jewels IPO will list on NSE SME with tentative listing date fixed as Wednesday, January 22, 2025.

Kabra Jewels IPO price band is set at ₹121 to ₹128 per share. The minimum lot size for an application is 1000. The minimum amount of investment required by retail investors is ₹1,28,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹2,56,000.

Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book running lead manager of the Kabra Jewels IPO, while Cameo Corporate Services Limited is the registrar for the issue.The market maker for Kabra Jewels IPO is Giriraj Stock Broking Private Limited.

Refer to Kabra Jewels IPO RHP for detailed information.

Kabra Jewels IPO Important dates

IPO Open Date Wednesday, January 15, 2025
IPO Close Date Friday, January 17, 2025
Basis of Allotment Monday, January 20, 2025
Initiation of Refunds Tuesday, January 21, 2025
Credit of Shares to Demat Tuesday, January 21, 2025
Listing Date Wednesday, January 22, 2025
Cut-off time for UPI mandate confirmation 5 PM on January 17, 2025

Kabra Jewels IPO Financial Performance

Period Ended 30 Nov 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 16,942.59 14,056.17 11,307.33 7,401.16
Revenue 12,548.47 16,424.32 12,234.02 11,212.54
Profit After Tax 880.89 939.64 440.58 540.46
Net Worth 3,986.78 3,105.88 2,166.24 1,725.66
Reserves and Surplus 3,250.78 3,059.88 2,120.24 1,679.66
Total Borrowing 10,307.08 8,996.84 6,982.62 4,730.26
Amount in ₹ Lakhs

Kabra Jewels IPO Key Performance Indicator

The market capitalization of Kabra Jewels IPO is Rs 134.21 Cr.

KPI as of Sun, Mar 31, 2024.

KPI Values
ROE 30.25%
ROCE 18.23%
Debt/Equity 2.90
RoNW 30.25%
PAT Margin 5.73
Price to Book Value 3.03
Pre IPO Post IPO
EPS (Rs) 12.77 12.60
P/E (x) 10.03 10.16

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.

Kabra Jewels IPO Objectives

The Company intend to utilize the proceeds of the Issue to meet the following objects:

  1. Repayment of certain borrowings availed by the Company, in part or full
  2. To meet Working Capital requirements
  3. General Corporate Purpose

Kabra Jewels IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹1,28,000
Retail (Max) 1 1000 ₹1,28,000
HNI (Min) 2 2,000 ₹2,56,000
Lot Size Calculator

Kabra Jewels IPO Details

IPO Date January 15, 2025 to January 17, 2025
Listing Date []
Face Value ₹10 per share
Price Band ₹121 to ₹128 per share
Lot Size 1,000 Shares
Total Issue Size 31,25,000 shares
(aggregating up to ₹40.00 Cr)
Fresh Issue 31,25,000 shares
(aggregating up to ₹ 40.00 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share Holding Pre Issue 73,60,000 shares
Share Holding Post Issue 1,04,85,000 shares
Market Maker Portion 2,90,000 shares
Giriraj Stock Broking Private Limited

Kabra Jewels IPO Company Overview and Service

Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewelry business, offers a diverse collection of gold, diamond, and silver ornaments.

The company designs, manufactures, and sells a wide range of gold, studded, and other jewelry products across various price, ranging from jewelry for special occasions, such as weddings, which is their highest-selling product category, to daily-wear jewelry.

The company operates 6 showrooms in Ahmedabad under the brands KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio, along with 3 offices and 1 exhibition center.

Business Model:

  • Model 1: Where the company procures goods directly from vendors (General Designs) like Chains, Rings, Pendants, Earrings.
  • Model 2: Where the company customizes jewelry based on their in-house specialized designs or customer orders. They select vendors or karigars based on their expertise for the jewelry to be manufactured like Necklace, Mang tikka, earrings, Bracelet.

Products: Rings, Earrings, Pendants, Nose, Bracelets, Chains, Necklaces and Bangles.

As on November 30, 2024, the company has employed 121 employees.

Competitve Strength:

  • Established brand
  • Quality of the products
  • Experienced promoters with established track record of operations
  • Well established relationship with the artisans
  • Design and Innovation in the product range
  • Experienced management team and a motivated & efficient work force.

Kabra Jewels IPO SWOT Analysis

Strengths:

  • Established Brand: Kabra Jewels has a strong brand presence in the Ahmedabad market, with a loyal customer base built over years of operation.
  • Wide Product Range: The company offers a diverse range of jewelry, catering to various occasions and customer preferences.
  • Experienced Management: The management team possesses significant experience in the jewelry industry, ensuring sound business decisions and operational efficiency.
  • Strong Relationships with Artisans: Collaborations with skilled artisans guarantee high-quality craftsmanship and unique designs.
  • Multiple Showrooms: A network of showrooms enhances customer reach and brand visibility within the target market.

Weaknesses:

  • Geographic Concentration: The company’s operations are primarily concentrated in Ahmedabad, limiting its market reach and potential for expansion.
  • Dependence on Gold Prices: Fluctuations in gold prices can significantly impact margins and profitability.
  • Competition: The jewelry market is highly competitive, with numerous established players and new entrants vying for market share.
  • Limited Financial Resources: As a relatively small company, Kabra Jewels may have limited financial resources compared to larger competitors, potentially hindering expansion plans and marketing efforts.

Opportunities:

  • Geographic Expansion: Expanding operations to other regions with high growth potential can significantly increase market share and revenue.
  • Diversification: Exploring new product categories, such as diamond jewelry or silver accessories, can attract new customer segments and reduce reliance on gold.
  • E-commerce: Establishing a strong online presence can reach a wider customer base and enhance sales channels.
  • Brand Building: Investing in marketing and branding initiatives can strengthen brand recognition and attract new customers.

Threats:

  • Economic Downturn: Economic downturns can negatively impact consumer spending on luxury goods like jewelry.
  • Changing Consumer Preferences: Evolving consumer preferences and trends can impact demand for traditional jewelry designs.
  • Counterfeit Products: The prevalence of counterfeit jewelry can damage brand reputation and erode market share.
  • Stringent Regulations: Government regulations related to gold and jewelry businesses can increase compliance costs and operational challenges.
  • Financial Performance: Analyze the company’s financial statements, including revenue growth, profitability, and debt levels.
  • Competitive Landscape: Assess the competitive landscape and the company’s competitive advantages.
  • Management Team: Evaluate the experience and track record of the management team.
  • Valuation: Determine whether the IPO price is fairly valued based on the company’s fundamentals and growth prospects.
  • Risk Tolerance: Consider your own risk tolerance and investment objectives before investing in the IPO.

Kabra Jewels IPO GMP Details

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
13-01-2025 128.00 ₹0  ₹128 (0%) 13-Jan-2025
12-01-2025 128.00 ₹0  ₹128 (0%) 12-Jan-2025
11-01-2025 128.00 ₹0  ₹128 (0%) 11-Jan-2025
10-01-2025 128.00 ₹0  ₹128 (0%) 10-Jan-2025
09-01-2025 128.00 ₹0  ₹128 (0%) 9-Jan-2025

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Kabra Jewels IPO Subscription Status

Kabra Jewels IPO subscribed 356.02 times. The public issue subscribed 384.9 times in the retail category, 154.53 times in QIB, and 556.9 times in the NII category by January 17, 2025 6:19:59 PM (Day 3).

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)* Total Application
Anchor Investors 1 8,49,000 8,49,000 10.87
Market Maker 1 2,90,000 2,90,000 3.71
Qualified Institutions 154.53 5,67,000 8,76,17,000 1,121.50 106
Non-Institutional Buyers*** 556.9 4,26,000 23,72,39,000 3,036.66 31,000
Retail Investors 384.9 9,93,000 38,22,09,000 4,892.28 3,82,209
Total ** 356.02 19,86,000 70,70,65,000 9,050.43 4,13,315

 

Date QIB NII* Retail Total
Day 1
Jan 15, 2025
0 9.61 20.92 12.52
Day 2
Jan 16, 2025
0.78 37.9 86.14 51.42
Day 3
Jan 17, 2025
154.53 556.9 384.9 356.02

 

Kabra Jewels IPO Allotment status

Kabra Jewels IPO allotment is expected on Monday, January 20, 2025.Kabra Jewels IPO allotment status is not available at this time. Kabra Jewels IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Kabra Jewels Limited IPO allotment status.

Kabra Jewels IPO Contact Details

Kabra Jewels Limited
Shop no.6, Ground Floor,
Iscon Center, Besides Tanishq,
Shivranjani Cross Road, Satellite Ahmedabad 380015
Phone: +91 93288 71207
Email: cs.kkjewels@gmail.com
Websitehttps://kkjewels.org/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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