Koura Fine Diamond Jewelry IPO will open for subscription from 06 March 2024. The company aims for an issue size of ₹5.50 Cr through this IPO.
Company Overview
| Full name | Koura Fine Diamond Jewelry Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://kouradiamondjewelry.com/ |
About Company
Koura Fine Diamond Jewelry specializes in supplying jewelry to retail jewelers, primarily gold and diamond jewelry. The company deals in two types of jewelry: 22-karat gold jewelry and 18-karat diamond jewelry. It is a well-known and trusted jewelry wholesaler. The company primarily sources finished jewelry from third-party artisans located across India. The manufacturing of the jewelry is carried out on a job-work basis in Ahmedabad, Mumbai, Rajkot, and Surat. As of 31 March 2023, Koura Fine Diamond Jewelry has a total workforce of 9 employees across various departments.
The Objectives of the Issue
- Funding the working capital requirements of the company
- General Corporate Purposes
Koura Fine Diamond Jewelry IPO Timetable
| IPO Opening date | 06 March 2024 |
| IPO Closing | 11 March 2024 |
| Basis of Allotment | 12 March 2024 |
| Initiation Refund | 13 March 2024 |
| Credit to Demat Account | 13 March 2024 |
| Listing Date | 14 March 2024 |
Koura Fine Diamond Jewelry IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹5.50 Cr – 1,000,000 shares |
| Fresh Issue | ₹5.50 Cr – 1,000,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹55 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 70,000 shares |
| Shareholding pre-issue | 2,601,500 |
| Shareholding post-issue | 3,601,500 |
| Listing Exchange | BSE SME |
Koura Fine Diamond Jewelry IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Koura Fine Diamond Jewelry Financial Performance
| FY 2023 | H1 FY 2024 | |
| Revenue | 555.84 | 601.81 |
| Expenses | 538.22 | 578.86 |
| Net income | 13.41 | 17.01 |
Koura Fine Diamond Jewelry Valuations & Margins
| FY 2023 | |
| EPS | 10.15 |
| PE ratio | 5.42 |
| RONW (%) | 6.74 |
| NAV | 10.34 |
| ROCE (%) | 6.63 |
| EBITDA (%) | 4.88 |
| Debt/Equity | 0.19 |
Company Promoters
- Kamlesh Keshavlal Lodhiya
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.23% |
Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 877 756 4648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Koura Fine Diamond Jewelry Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: kfdjl.ipo@kfintech.com
Website: www.kfintech.com
Company Contact Details
KOURA FINE DIAMOND JEWELRY LIMITED
304, Iscon Emporio, B/S Star India Bazar,
Nr. Jodhpur Cross Road, Satellite, Ahmedabad – 380015
Phone: +91 7016302567
E-mail: Info@kouradiamondjewelry.com
Website: www.kouradiamondjewelry.com
IPO Allotment Status
Koura Fine Diamond Jewelry IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
Koura Fine Diamond Jewelry IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
