Khazanchi Jewellers IPO will open for subscription from 24 July 2023. the company aims for an issue size of ₹97 Cr through this IPO.
Company Overview
| Full name | Khazanchi Jewellers Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://www.khazanchi.co.in/ |
About Company
Incorporated in 1996, Khazanchi Jewellers is a prominent player in the Indian jewellery industry, with a strong presence in both wholesale and retail sectors. The company specializes in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars. Khazanchi Jewellers has a rich history spanning over three decades in the Indian jewellery industry.
The company has one showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. To further its business, the entity intends to establish more such showrooms in the same city through funds to be received by way of the IPO. As of 30 April 2023, the company had an employee base of 33 employees. Khazanchi Jewellers has had positive financial reports over the past years. For the FY 2020, 2021, and 2022, the PAT of the company was INR 2.31 crore, INR 2.76 crore, and INR 3.27 crore, respectively.
The Objective of the Issue
- To finance the establishment of the new showroom at Chennai, Tamil Nadu – (a) Capital Expenditure for the new showroom, (b) Inventory cost for the new showroom.
- To augment the working capital requirements of the existing operations and,
- For general corporate purposes.
IPO Timetable
| IPO Opening date | 24 July 2023 |
| IPO Closing | 28 July 2023 |
| Basis of Allotment | 02 August 2023 |
| Initiation Refund | 03 August 2023 |
| Credit to Demat Account | 04 August 2023 |
| Listing Date | 07 August 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹97 Cr – 6,910,000 shares |
| Fresh Issue | ₹97 Cr – 6,910,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹140 per share |
| Lot size | 1000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 381.81 | 256.95 | 480.66 |
| Expenses | 378.79 | 253.78 | 471.55 |
| Net income | 2.76 | 3.27 | 7.57 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.77 | 3.29 | 7.62 |
| PE ratio | – | – | 18.37 |
| RONW (%) | 10.83 | 11.37 | 20.98 |
| NAV | 25.63 | 28.91 | 36.30 |
| ROCE (%) | 11.45 | 10.27 | 18.91 |
| EBITDA (%) | 2.16 | 3.32 | 3.25 |
| Debt/Equity** | 1.80 | 1.86 | 1.45 |
Company Promoters
- Mr Tarachand Mehta
- Mr. Goutham
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | – |
Lead Manager(s)
MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay,
Sant Janabai Road (Service Lane), Off W. E. Highway,
Vile Parle (East), Mumbai-400 057, Maharashtra
Phone: +91 22 2612 3208
Email: smeipo@markcorporateadvisors.com
Website: www.markcorporateadvisors.com
IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
‘Subramanian Building’,
1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 44 4002 0700/0710/2846 0390
Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Details
KHAZANCHI JEWELLERS LIMITED
No. 130, NSC Bose Road,
Sowcarpet, Chennai – 600 079, Tamil Nadu
Phone: +91 44 4201 5915
E-mail: info@khazanchi.co.in
Website: www.khazanchi.co.in
Allotment Status
Khazanchi Jewellers IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Final thoughts
Khazanchi Jewellers IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do 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
