IPO

Koura Fine Diamond Jewelry Limited IPO

BSE SME

Listed On: Mar 14, 2024 at ₹ 75.0

₹ 220000 /4000 Shares
*Min Investment

Check Allotment

06 Mar, 2024

Open Date

11 Mar, 2024

Close Date

12 Mar, 2024

Allotment Date

14 Mar, 2024

Listing Date
Koura Fine Diamond Jewelry Limited IPO Issue Details
  • Issue Price ₹55 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 10,00,000 shares(aggregating up to ₹5.5 crore)
  • Fresh Share 10,00,000 shares(aggregating up to ₹5.5 crore)
  • Listing at BSE SME
  • List Price 75.0
  • Listing Date 2024-03-14
  • Lead Manager GYR Capital Advisors Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,10,000
Retail(max)12000₹1,10,000
NII (min) 24000₹2,20,000
Koura Fine Diamond Jewelry Limited IPO Reservation

Koura Fine Diamond Jewelry Limited IPO offers total 1,000,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,466,000 (46.6%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered- (NA%)
Market Maker Shares Offered70,000 (7%)
Retail Shares Offered466,000 (46.6%)
Total Shares Offered1,000,000 (100%)
Koura Fine Diamond Jewelry Limited IPO Documents
DRHP
RHP
Koura Fine Diamond Jewelry Limited IPO Details


Koura Fine Diamond Jewelry Limited IPO is an SME IPO, priced at ₹55 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 10,00,000 equity shares, aggregating up to ₹5.5 crores..

The IPO bidding window is open from Mar 6, 2024 to Mar 11, 2024. The allotment is expected to be finalized on Mar 12, 2024, and the tentative listing date is Mar 14, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,10,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,20,000.

GYR Capital Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Giriraj Stock Broking Private Limited will act as the market maker for this issue.

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Koura Fine Diamond Jewelry Limited IPO Subscription Analysis And Details
Retail
1086.31x
Total
733.08x
As onQIB / NIIRetailTotal
Shares Offered / Reserved464,000466,000930,000
Day 1 06-03-24 06:00 PM
7.09 x46.66 x26.92 x
Day 2 07-03-24 06:00 PM
38.42 x193.88 x116.43 x
Day 3 11-03-24 06:00 PM
379.86 x1086.31 x733.08 x
Total No of Applications
3,57,575
Koura Fine Diamond Jewelry Limited Valuations
EPS Pre IPO ₹0.52/-
EPS Post IPO ₹0.94/-
P/E Pre IPO 106.7
P/E Post IPO 58.23
ROE 6.13%
ROCE 7.64%
Debt/Equity 0.17
RoNW 5.95%
PAT Margin 2.83
Price to Book Value 5.00
Koura Fine Diamond Jewelry Limited Company Financials
In Lakhs
In Lakh
30-Sep-2331-Mar-23
Assets352.53327.34
Revenue601.84556.35
Profit After Tax17.0113.41
Net Worth286.06269.06
Reserves & Surplus25.91221.76
Total Borrowing48.8451.80
About Koura Fine Diamond Jewelry Limited Company

Koura Fine Diamond Jewelry Limited was incorporated in March 2022. It is the wholesaler of gold and diamond jewelry. The company provides 22 Karat Gold and 18 Karat Diamond jewellery.

The company only trades in Hallmark certified jewelry. For gold jewelry, the company gets BIS certification with 91.6% for 22 Karat, and from the International Gemological Institute, India, and (BIS) with 75% certifications for 18 Karat diamond jewelry.

The company has been successfully working in Gujarat and Odisha, both the western and the eastern regions.

As of December 31st, 2023, the organization has a strength of 08 employees in multiple departments.

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Koura Fine Diamond Jewelry Limited - Promoter(s)

Kamlesh Keshavlal Lodhiya

Pre Issue Share Holding : 100%

Post Issue Share Holding : 72.23%

Koura Fine Diamond Jewelry Limited IPO - Issue Objectives
1

Funding the working capital requirements of the company

2

General Corporate Purposes

Koura Fine Diamond Jewelry Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Koura Fine Diamond Jewelry Limited55.8955.8956.88N/A6.749.67Consolidated
Ashapuri Gold Ornament Ltd0.710.7133.2107.632.162.17Consolidated
Vaibhav Global Ltd6.056.0572.7449.858.323.75Consolidated
Tribhovandas Bhimji Zaveri Ltd.5.955.9584.0713.247.070.73Consolidated

Notes:

  1. P/E Ratio cannot be computed for Koura Fine Diamond Jewelry Limited as relevant data is unavailable.
  2. Return on Net Worth (RoNW) is computed as profit after tax divided by the closing net worth.
  3. NAV per share is computed as the closing net worth divided by the outstanding number of equity shares as of March 31, 2023.
  4. Market capitalization to revenue from operations is not available as per the provided data.
Contact Details

Koura Fine Diamond Jewelry Limited

304, Iscon Emporio, B/S Star India Bazar Nr. Jodhpur, Cross Road, Satellite Ahmedabad, 380015

+91 7016302567

Info@kouradiamondjewelry.com

https://kouradiamondjewelry.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

kfdjl.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/