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Kabra Jewels IPO
Kabra Jewels Ltd
₹1,21,000 /1000 sharesMinimum investment
IPO details
Minimum investment
₹1,21,000
Price range
₹121 - ₹128
Lot size
1,000
Issue size
40 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers52.83x
Non-Institutional Investor242.75x
Retail Individual Investor259.38x
Total171.76x
As of 17 Jan'25, 04:00 PM
Schedule
15 Jan 2025
IPO open date
17 Jan 2025
IPO close date
20 Jan 2025
Allotment date
20 Jan 2025
Funds unblock or debit
22 Jan 2025
Tentative listing date
About
Founded in
2010
MD/CEO
Mr. Kailash Kabra
Parent organisation
Kabra Jewels Ltd
Kabra Jewels Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Kabra Jewels IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹121 - ₹128 | ₹2 - ₹5 Lakhs | 1000 |
| High Networth Individual | ₹121 - ₹128 | ₹2 - ₹5 Lakhs | 1000 |