Khazanchi Jewellers IPO

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 nameKhazanchi Jewellers Limited
SectorDiamond & Jewellery
IndustryDiamond & Jewellery
Company Website

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 date24 July 2023
IPO Closing28 July 2023
Basis of Allotment02 August 2023
Initiation Refund03 August 2023
Credit to Demat Account04 August 2023
Listing Date07 August 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹97 Cr – 6,910,000 shares
Fresh Issue₹97 Cr – 6,910,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹140 per share
Lot size1000 Shares
Retail Allocation50%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11000₹140,000
Retail (Max)11000₹140,000
HNI (Min)22,000₹280,000

Reservation Details

Other Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income2.763.277.57
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio18.37
RONW (%)10.8311.3720.98
ROCE (%)11.4510.2718.91
EBITDA (%)2.163.323.25

Company Promoters

  • Mr Tarachand Mehta
  • Mr. Goutham

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Lead Manager(s)

404/1, The Summit Business Bay,
Sant Janabai Road (Service Lane), Off W. E. Highway,
Vile Parle (East), Mumbai-400 057, Maharashtra
+91 22 2612 3208

IPO Registrar

‘Subramanian Building’,
1, Club House Road,
Chennai – 600 002, Tamil Nadu
Phone: +91 44 4002 0700/0710/2846 0390

Contact Details

No. 130, NSC Bose Road,
Sowcarpet, Chennai – 600 079, Tamil Nadu
Phone: +91 44 4201 5915

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

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