The Kabra Jewels IPO is a book-built issue with a total size of ₹40.00 crores, comprising an entirely fresh issue of 31.25 lakh shares. The IPO opens for subscription on January 15, 2025, and closes on January 17, 2025. Investors can expect the allotment to be finalized on Monday, January 20, 2025, and the shares are slated for listing on the NSE SME platform on Wednesday, January 22, 2025.
The IPO price band is set between ₹121 and ₹128 per share, with a minimum lot size of 1,000 shares. Retail investors must invest at least ₹1,28,000, while high-net-worth individuals (HNI) need to invest a minimum of ₹2,56,000 for 2 lots (2,000 shares). These parameters ensure that the IPO caters to both small and large investors looking for opportunities in the jewelry sector.
Managing the IPO process is Marwadi Chandarana Intermediaries Brokers Pvt. Ltd., the book-running lead manager, with Cameo Corporate Services Limited serving as the registrar for the issue. The market maker for Kabra Jewels IPO is Giriraj Stock Broking Private Limited, ensuring liquidity post-listing.
Kabra Jewels’ IPO offers a promising investment opportunity with its focus on growth and operational expansion through the fresh issue of shares. With competitive pricing, transparent processes, and a strong management team, this IPO stands as an attractive option for retail and institutional investors alike. Make sure to subscribe between January 15 and January 17, 2025, to take advantage of this opportunity.
For comprehensive details, please refer to the Kabra Jewels IPO Red Herring Prospectus (RHP).
Kabra Jewels IPO Details
IPO Date | January 15, 2025 to January 17, 2025 |
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 |
Kabra Jewels IPO Timeline
The Kabra Jewels IPO will open for subscription on January 15, 2025, and will close on January 17, 2025.
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 |
Kabra Jewels IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Kabra Jewels IPO Lot Size
Investors can place bids for a minimum of 1,000 shares and in multiples thereof. The table below illustrates the minimum and maximum investment requirements for retail investors and HNIs in terms of both the number of shares and the corresponding investment amounts:
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 |
About Kabra Jewels Limited
Kabra Jewels Limited Overview
Incorporated in 2010, Kabra Jewels Limited is a prominent player in the retail jewelry business, offering a wide range of gold, diamond, and silver ornaments. The company caters to diverse customer preferences by designing, manufacturing, and selling jewelry across various price points. Their product line ranges from daily-wear jewelry to high-end pieces for special occasions such as weddings, which is their best-selling category.
The company operates six showrooms in Ahmedabad under multiple brand names, including KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio. Additionally, it manages three offices and one exhibition center, further strengthening its operational footprint.
Business Model
Kabra Jewels operates through two key business models:
- Model 1: Procuring general designs directly from vendors for items such as chains, rings, pendants, and earrings.
- Model 2: Customizing jewelry based on in-house designs or specific customer orders. The company collaborates with skilled vendors or karigars to manufacture customized pieces such as necklaces, mang tikkas, earrings, and bracelets.
Product Offerings
The product range includes:
- Rings
- Earrings
- Pendants
- Nose Jewelry
- Bracelets
- Chains
- Necklaces
- Bangles
Workforce
As of November 30, 2024, Kabra Jewels employs a team of 121 skilled professionals, enabling efficient business operations and a strong focus on customer satisfaction.
Competitive Strengths
Kabra Jewels enjoys several competitive advantages, including:
- An established brand with a strong reputation in the jewelry market.
- High product quality standards ensuring customer trust.
- Experienced promoters with a proven track record of success.
- Strong relationships with skilled artisans and vendors.
- A focus on design innovation to meet evolving customer preferences.
- An experienced management team supported by a motivated and efficient workforce.
These strengths position Kabra Jewels as a trusted name in the jewelry retail sector, appealing to a wide customer base through its premium offerings and innovative designs.
FAQs for Kabra Jewels IPO
What is the Kabra Jewels IPO?
The Kabra Jewels IPO is a book-built issue worth ₹40.00 crores, consisting entirely of a fresh issue of 31.25 lakh shares. The company aims to utilize the proceeds to support its growth and expansion plans.
When does the Kabra Jewels IPO open and close for subscription?
The Kabra Jewels IPO will open for subscription on January 15, 2025, and close on January 17, 2025.
What is the price band for the Kabra Jewels IPO?
The price band for the Kabra Jewels IPO is set between ₹121 and ₹128 per share.
What is the lot size for the Kabra Jewels IPO?
The minimum lot size for the Kabra Jewels IPO is 1,000 shares, and investors can bid in multiples thereof.
What is the minimum investment required for the Kabra Jewels IPO?
Retail investors need to invest a minimum of ₹1,28,000 (1 lot of 1,000 shares) to participate in the Kabra Jewels IPO.
What is the allotment date for the Kabra Jewels IPO?
The allotment for the Kabra Jewels IPO is expected to be finalized on January 20, 2025.
On which stock exchange will the Kabra Jewels IPO be listed?
The Kabra Jewels IPO will be listed on the NSE SME platform.
What is the tentative listing date for the Kabra Jewels IPO?
The tentative listing date for the Kabra Jewels IPO is January 22, 2025.
Who is the lead manager for the Kabra Jewels IPO?
The lead manager for the Kabra Jewels IPO is Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Where can I find detailed information about the Kabra Jewels IPO?
For comprehensive details, please refer to the Red Herring Prospectus (RHP) of the Kabra Jewels IPO.