Koura Fine Diamond Jewelry Limited IPO

Price
₹55
Lot
2000
Subs.
733.01
Expected Listing Earning

Exp. Premium(GMP):
65.00(118.18%)
IPO Details

Open Date: 06-Mar-2024
Close Date: 11-Mar-2024
Allotment Date: 12-Mar-2024
Listing Date: 14-Mar-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹55 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹110,000 : HNI - ₹220,000
Subscription Details Updated at End of the Day

As on

Others

Rll

Total

Shares Offered/Reserved464,000466,000930,000
Day 1 - 06-03-24 
05:00 PM
7.09x46.66x26.92x
Day 2 - 07-03-24 
05:00 PM
38.42x193.88x116.43x
Day 3 - 11-03-24 
05:00 PM
373.66x1,083.98x733.01x
Total No. of Application:357,575 (Approx.)
Retail Subscription on the basis of Apps:1,534.66x
Valuations

Earning Per Share(EPS)0.52/-
P/E Ratio106.7
RoNW5.95%
Net Asset Value (NAV) - Post Issue:56.88/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Sep,2023352.53601.8417.01
31 Mar,2023327.34556.3513.41
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding72.23%
Company Promoter(s)
1. Kamlesh Keshavlal Lodhiya
Issue Objective(s)

The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:

  1. Funding the working capital requirements of the company
  2. General Corporate Purposes
About Company

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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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