Kabra Jewels IPO Allotment Status: Check Latest GMP, Steps To Verify Status

IPO Details

• Issue Size: Kabra Jewels IPO is a book-built issue worth ₹40.00 crores, consisting entirely of a fresh issue of 31.25 lakh shares.
• Bidding Period: The IPO opened for bidding on January 15, 2025, and closed on January 17, 2025.
• Allotment Date: The allotment of shares was finalized on Monday, January 20, 2025.
• Listing Details: Kabra Jewels IPO will be listed on the NSE SME platform, with a tentative listing date of Wednesday, January 22, 2025.
• Price Band: The IPO price band is set between ₹121 and ₹128 per share.

• Minimum Lot Size:

• Retail Investors: Minimum application size is 1 lot (1,000 shares), requiring an investment of ₹1,28,000.
• HNI Investors: Minimum application size is 2 lots (2,000 shares), amounting to ₹2,56,000.

Use of Proceeds

The company plans to allocate the proceeds from the issue toward several key objectives, including the partial or full repayment of certain borrowings, addressing its working capital requirements to support ongoing operations, and meeting general corporate purposes to enhance overall business efficiency and growth. 

IPO Subscription Status

(By January 17, 2025, End of the Day)

The Kabra Jewels IPO was subscribed 356.02 times by the end of its subscription period. The retail category saw the highest subscription at 384.9 times, followed by the Non-Institutional Investors (NII) category at 556.9 times and the Qualified Institutional Buyers (QIB) category at 154.53 times. 

GMP Details: According to Livemint, as of January 20, 2025, 8:25 AM, the Grey Market Premium (GMP) for the Kabra Jewels SME IPO stands at ₹125. With a price band set at ₹128, the estimated listing price is projected to reach ₹253, combining the cap price with the latest GMP. This indicates a gain of 97.66% per share. However SME IPOs have a cap of 90% on listing gain. 

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Kabra Jewels Limited  Business Overview

Founded in 2010, Kabra Jewels Limited has established itself in the retail jewelry industry, offering an extensive range of gold, diamond, and silver ornaments. The company caters to diverse customer needs, from daily-wear pieces to high-value jewelry for special occasions such as weddings, which remain its most popular category. Operating six showrooms in Ahmedabad under distinct brands, including KK Jewels Bridal, Diamond, Gold, and Silver Studio, Kabra Jewels also manages three offices and an exhibition center. Its business model combines direct procurement of general designs, such as chains and rings, with customized jewelry crafted in collaboration with expert vendors or karigars for intricate pieces like necklaces and bracelets. The product portfolio spans rings, earrings, pendants, bangles, and more, showcasing a blend of style and craftsmanship.

Read More : Rikhav Securities IPO Allotment Status

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market nor do we recommend or endorse trading in the grey market. 

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