Veerkrupa Jewellers Limited is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company’s jewellery is made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Veerkrupa Jewellers Limited has two showrooms located at Naroda and Narol has an average size of 1050 square feet and 13 staff, the majority of them are sales personnel.
Veerkrupa Jewellers sell a wide range of jewellery products such as designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts, necklaces, Hand tools, pooja items and decorative items in silver. The company sell jewellery products for multiple occasions such as weddings and party-wear, jewellery for personal milestones, festival jewellery, daily-wear jewellery, kid’s jewellery and men’s jewellery.
Competitive Strengths:
- Use of the established Brand name.
- Prime Location of the Showroom.
- Diversified product portfolio across categories and price points.
- Experienced Promoter and management team with proven execution capabilities.
- Well established and cordial relationship with our supplier.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 335.48 | 165.32 | 8.27 |
| 31-Mar-20 | 520.46 | 1094.86 | 0.71 |
| 31-Mar-21 | 1034.77 | 463.28 | 1.07 |
| 31-Dec-21 | 1159.98 | 1002.64 | 21.4 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1) To meet the Working Capital requirements.
2) General Corporate Expenses.
Veerkrupa Jewellers IPO Details
| Veerkrupa Jewellers IPO Date | Jun 29, 2022 to Jul 5, 2022 |
| Veerkrupa Jewellers IPO Face Value | ₹10 per share |
| Veerkrupa Jewellers IPO Price | ₹27 per share |
| Veerkrupa Jewellers IPO Lot Size | 4000 Shares |
| Issue Size | 3,000,000 shares of ₹10 (aggregating up to ₹8.10 Cr) |
| Fresh Issue | 3,000,000 shares of ₹10 (aggregating up to ₹8.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
| Company Promoters | Mr. Chirag Arvind Shah and Mrs Nehaben Chiragbhai Shah are the company promoters. |
Veerkrupa Jewellers IPO Timeline
Veerkrupa Jewellers IPO opens on Jun 29, 2022, and closes on Jul 5, 2022. The Veerkrupa Jewellers IPO bid date is from Jun 29, 2022 10.00 A.M. to Jul 5, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
| Event | Date |
|---|---|
| Veerkrupa Jewellers IPO Opening Date | Jun 29, 2022 |
| Veerkrupa Jewellers IPO Closing Date | Jul 5, 2022 |
| Basis of Allotment | Jul 8, 2022 |
| Initiation of Refunds | Jul 11, 2022 |
| Credit of Shares to Demat | Jul 12, 2022 |
| Veerkrupa Jewellers IPO Listing Date | Jul 13, 2022 |
Veerkrupa Jewellers IPO Lot Size
The Veerkrupa Jewellers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹108,000 |
| Maximum | 1 | 4000 | ₹108,000 |
Veerkrupa Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 79.94% |
| Post Issue Share Holding | 49.44% |
Veerkrupa Jewellers IPO Review
The company has only two showrooms and for the last three fiscals, it has posted minuscule profits. Based on super profits of 9M-FY22, the issue is highly-priced expressing the greed of the promoters. There is no harm in skipping this exorbitantly priced IPO. Read detail review…
Veerkrupa Jewellers IPO Prospectus
Company Contact Information
Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School, Near Dharmnath Prabhu Society
Ahmedabad
Phone: Naroda, Ahmedabad 382330,
Email: complianceveerkrupa@gmail.com
Website: https://www.veerkrupajewellers.com/