Koura Fine Diamond Jewelry IPO is a fixed price issue of Rs 5.50 crores. The issue is entirely a fresh issue of 10 lakh shares.
Koura Fine Diamond Jewelry IPO opens for subscription on March 6, 2024 and closes on March 11, 2024. The allotment for the Koura Fine Diamond Jewelry IPO is expected to be finalized on Tuesday, March 12, 2024. Koura Fine Diamond Jewelry IPO will list on BSE SME with tentative listing date fixed as Thursday, March 14, 2024.
Koura Fine Diamond Jewelry IPO price is ₹55 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹220,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Koura Fine Diamond Jewelry IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Koura Fine Diamond Jewelry IPO is Giriraj Stock Broking.
Refer to Koura Fine Diamond Jewelry IPO RHP for detailed information.
Koura Fine Diamond Jewelry IPO Details
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,000,000 shares (aggregating up to ₹5.50 Cr) |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹5.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,601,500 |
| Share holding post issue | 3,601,500 |
| Market Maker portion | 70,000 shares Giriraj Stock Broking |
Koura Fine Diamond Jewelry IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Koura Fine Diamond Jewelry IPO Timeline (Tentative Schedule)
Koura Fine Diamond Jewelry IPO opens on March 6, 2024, and closes on March 11, 2024.
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Koura Fine Diamond Jewelry IPO Lot Size
Investors can bid for a minimum of 2000 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 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
| Lot Size Calculator | |||
Koura Fine Diamond Jewelry IPO Promoter Holding
The promoter of the Company is Kamlesh Keshavlal Lodhiya
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.23% |
About Koura Fine Diamond Jewelry Limited
Incorporated in March 2022, Koura Fine Diamond Jewelry Limited wholesales gold and diamond jewelry. The company offers 22 Karat Gold and 18 Karat Diamond jewellery.
The company deals exclusively in jewelry that is certified by the Hallmark. For gold jewelry, the company obtains certification from the Bureau of Indian Standards (BIS) with 91.6% certifications for 22 Karat and from the International Gemmological Institute, India, and (BIS) with 75% certifications for 18 Karat diamond jewelry.
The company has been successfully operating in Gujarat and Odisha, both in the western and eastern regions.
As of December,31st, 2023, the company has a total strength of 08 employees in various departments.
Koura Fine Diamond Jewelry Limited Financial Information (Restated)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 352.53 | 327.34 |
| Revenue | 601.84 | 556.35 |
| Profit After Tax | 17.01 | 13.41 |
| Net Worth | 286.06 | 269.06 |
| Reserves and Surplus | 25.91 | 221.76 |
| Total Borrowing | 48.84 | 51.80 |
| Amount in ₹ Lakhs | ||
Key Performance Indicator
The market capitalization of Koura Fine Diamond Jewelry IPO is Rs 19.81 Cr.
KPI as of September 30, 2024.
| KPI | Values |
|---|---|
| ROE | 6.13% |
| ROCE | 7.64% |
| Debt/Equity | 0.17 |
| RoNW | 5.95% |
| P/BV | 5 |
| PAT Margin (%) | 2.83 |
Check Koura Fine Diamond Jewelry IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.52 | 0.94 |
| P/E (x) | 106.7 | 58.23 |
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, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Koura Fine Diamond Jewelry IPO Objectives)
The company proposes to utilize the funds which are being raised through this Issue (“Net Proceeds”) towards the following objects:
- Funding the working capital requirements of the company
- General Corporate Purposes
Koura Fine Diamond Jewelry IPO Review (Avoid)
[Dilip Davda] The company does wholesale business in gold and diamond jewelleries. It trades on B2B model on a third party contracts. It posted just 18 months’ working which is listless against asking price. Based on FAY24 annualized earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review…
Koura Fine Diamond Jewelry Limited 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
Email: Info@kouradiamondjewelry.com
Website: https://kouradiamondjewelry.com/
Koura Fine Diamond Jewelry IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ccl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/