Srinibas Pradhan Constructions IPO...
28 Feb, 2026
Koura Fine Diamond Jewelry Limited IPO
Koura Fine Diamond Jewelry Ltd. offers a diverse range of jewelry products, focusing on a B2B model. Its inventory includes 22 Karat gold jewelry and 18 Karat diamond jewelry, all certified by the BIS for gold and the International Gemological Institute, India, for diamonds. Since the system of hallmarking is legally introduced, the company deals only in jewelry certified by hallmark for gold jewelry it gets it certified from the Bureau of Indian Standards (BIS) and 91.6% certifications for 22 Karat and International Gemological Institute, India, and (BIS) 75% certifications for 18 Karat diamond jewelry it gets certified from.
Further, in 2018 our Company ventured into 750 certified and BIS-hallmarked diamond jewelry. 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 price is ₹55 per share. The minimum lot size for an application is 2000 Shares. 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.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Koura Fine Diamond Jewelry Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Koura Fine Diamond Jewelry Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | March 14, 2024 |
| 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 |
Koura Fine Diamond Jewelry Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |
Koura Fine Diamond Jewelry Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.23% |
Competitive Strength:
- -
Koura Fine Diamond Jewelry Limited IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 352.53 | 601.84 | 17.01 | 286.06 | - | 48.84 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 327.34 | 556.35 | 13.41 | 269.06 | - | 51.80 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 6.13% |
| ROCE | 7.64% |
| Debt/Equity | 0.17 |
| RoNW | 5.95% |
| P/BV | 5 |
| PAT Margin (%) | 2.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.52 | 0.94 |
| P/E (x) | 106.7 | 58.23 |
Objectives of Koura Fine Diamond Jewelry IPO
The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objectives:
- 1. Funding the working capital requirements of the company.
- 2. General Corporate Purposes.
Koura Fine Diamond Jewelry IPO Review
The company does wholesale business in gold and diamond jewelleries. It trades on a B2B model on 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.
RHP:
View RHPDRHP:
View DRHPRead more :
Frequently Asked Questions (FAQs)
-
What Is The Size Of The Koura Fine Diamond Jewelry Tech IPO?
Koura Fine Diamond Jewelry IPO consists of a fresh issue of 10 lakh shares worth INR 5.5 crores. The company seeks funds to meet the working capital.
-
When will Koura Fine Diamond Jewelry Ltd IPO be allotted?
The basis of allotment will be done on Tuesday, March 12, 2024. The credit of shares to the demat account will be on Wednesday, March 13, 2024.
-
When will Koura Fine Diamond Jewelry Ltd IPO open for subscription?
The IPO will open for subscription from March 6, 2024, to March 11, 2024.
-
When will Koura Fine Diamond Jewelry Ltd list on exchanges?
Koura Fine Diamond Jewelry Ltd IPO will be listed on the BSE SME exchange on Thursday, March 14, 2024.
