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Kabra Jewels IPO
Kabra Jewels Ltd
₹1,21,000 /1000 sharesMinimum Investment
Kabra Jewels IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹128.00 | ₹243.20 | ₹115.20 (90.00%) |
Kabra Jewels IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 15 Jan ‘25 - 17 Jan ‘25 | ₹1,21,000 | 1,000 | ₹121 - ₹128 |
| Issue Size | IPO Doc |
|---|---|
| 40.00Cr | RHP PDF |
Subscription rate
As of 17 Jan'25, 04:00 PM
| Qualified Institutional Buyers | 52.83x |
| Non-Institutional Investor | 242.75x |
| Retail Individual Investor | 259.38x |
| Total | 171.76x |
About Kabra Jewels
Founded in
2010
Managing director
Mr. Kailash Kabra
Parent organisation
Kabra Jewels Ltd
Strengths & Financials of Kabra Jewels
Strengths
Risks
Kabra Jewels operates six showrooms under the brand names KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels - Atarashi, and KK Jewels - Silver Studio. The company also has one exhibition centre in the city.
The company sells diamond and gold jewellery under the "KK Jewels" brand and loose solitaires under the "Only Solitaires" brand. Kabra Jewels offers a wide range of gold, studded, and other jewellery products across various price ranges for both daily wear and weddings.
All gold products sold by the company are hallmarked to ensure quality and purity. The company claims that it adheres to BIS standards. The company also states that it has implemented stringent quality checks to provide customers with assurance regarding the authenticity of hallmarked gold jewellery.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 112.08 crore in FY22 to Rs 122.27 crore in FY23 to Rs 164.00 crore in FY24.
The company’s offices and showrooms are exclusively located in Ahmedabad, Gujarat. Any adverse changes to the business environment in Gujarat could negatively impact the company's operations and financial performance.
The company, its directors and promoters are currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could hurt the company’s business prospects.
The company has a high debt-to-equity ratio, which may reduce financial flexibility, increase borrowing costs, and make it more vulnerable to economic downturns.
The company completely relies on the revenue generated from its retail network. Any inability to efficiently manage the retail network or execute growth strategies could adversely impact the company’s operations and finances.
Kabra Jewels does not have formal agreements with its vendors and job workers (karigars). Any disputes or delays in work from these partners could adversely affect the company’s operations and consequently its finances.
As of October 31, 2024, the company’s total outstanding borrowings amounted to Rs 103.07 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
Kabra Jewels Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Kabra Jewels IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹121 - 128 | ₹2 - 5 Lakh |
| High Networth Individual | ₹121 - 128 | ₹2 - 5 Lakh |
For Kabra Jewels IPO, eligible investors can apply as Regular.