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 | 2,000 Shares |
| Total Issue Size | 10,00,000 shares (aggregating up to ₹ 5.50 Cr) |
| Fresh Issue | 10,00,000 shares (aggregating up to ₹ 5.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 26,01,500 |
| Share holding post issue | 36,01,500 |
| Market Maker portion | 70,000 shares |
About 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.
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.
Koura Fine Diamond Jewelry Limited IPO Financial Information
Latest Revenue
601.84
₹ Crore
Profit After Tax
17.01
₹ Crore
Net Worth
286.06
₹ Crore
Total Borrowing
48.84
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | 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 | |||||||||
Koura Fine Diamond Jewelry Limited 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 |
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Competitive Strengths
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Koura Fine Diamond Jewelry Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4,000 | ₹220,000 |