Kabra Jewels was incorporated on July 21, 2010. The company operates in the retail jewelry sector, offering gold, diamond, and silver ornaments, along with coins, utensils, and artifacts. Exclusive designs are marketed under the "KK Jewels" brand
| Bidding Dates |
|---|
| 15 Jan 2025 - 17 Jan 2025 |
| Subscription |
|---|
| 310.79x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,21,000 | 1 | 1 | 1000 | 3.1 M | ₹121 - ₹128 | 62.56 % | ₹378.1 M - ₹400.0 M | RHP DOC |
Kabra Jewels IPO SUBSCRIPTION STATUS
17 Jan '25Kabra Jewels IPO overall subscription rate was 310.79 times the total available shares
Kabra Jewels IPO retail subscription rate was 479.8 times in the retail segment
Kabra Jewels IPO non-institutional investor subscription rate was 695.75 times in the non-institutional investor category
Kabra Jewels IPO Qualified Institutional Bidder subscription rate was 76.99 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
17 Jan 2025 (Day 3) | 479.8x | 695.75x | 76.99x |
16 Jan 2025 (Day 2) | 105.34x | 47.82x | 0.39x |
15 Jan 2025 (Day 1) | 24.91x | 11.54x | - |
Kabra Jewels FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY25 | 88.1 | 1252.8 | -194.0 | -208.7 | 16.0% |
| FY24 | 94.0 | 1640.0 | 158.1 | 132.6 | 13.3% |
| FY23 | 44.1 | 1222.7 | -124.4 | -153.3 | 10.1% |
| FY22 | 54.0 | 1120.8 | 22.1 | -48.0 | 10.5% |
Kabra Jewels IPO SUBSCRIPTION STATUS DETAILS
Kabra Jewels had 3.1 M shares on offer
Kabra Jewels IPO offer price was in the range ₹121 - ₹128
Kabra Jewels IPO minimum Investment was ₹121000
Kabra Jewels IPO issue size was ₹ 378.1 M - ₹ 400.0 M
Kabra Jewels had a minimum lot size of 1000 Shares per application
Kabra Jewels NUMBER OF SHARES ON OFFER
Kabra Jewels IPO IMPORTANT DATES
| Issue Open Date | 15 Jan 2025 |
| Issue close Date | 17 Jan 2025 |
| Allotment Date | 20 Jan 2025 |
| Refund Date | 21 Jan 2025 |
| Demat Account Credit Date | 21 Jan 2025 |
| Listing Date | 22 Jan 2025 |
| Listing on Exchange(s) | NSE |
| Kabra Jewels Allotment Status | Exchange |
Kabra Jewels IPO subscription opened on 15 Jan 2025, and closed on 17 Jan 2025
IPO allotment for Kabra Jewels was finalized on Monday, 20 Jan 2025
IPO listing for Kabra Jewels was on NSE on Wednesday, 22 Jan 2025
Kabra Jewels IPO LISTING GAINS
| Issue Price (adjusted) | 128.0 |
| Listing Open Price | 243.2 |
| Listing Close Price | 255.3 |
| Listing Gain% | 90.0% |
| Current Gain% | -21.1% |
Kabra Jewels Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kabra Jewels Ltd. | 101 | 105.9 | 4.3 | 0 | 0.4 | 23.6 | 8.6 | 269.7 | 27.7 | 24.8 | 117 | 23.6 | 117 |
| Titan Company Ltd. | 4941 | 438655.2 | 76.2 | 1.4 | 4.7 | 32.3 | 8.4 | 88136 | 44.6 | 5073 | 52 | 64.9 | 55.1 |
| Kalyan Jewellers India Ltd. | 606.3 | 62615.7 | 43.6 | 0.6 | 1.6 | 21.4 | 6.5 | 35950.9 | 42.7 | 1350.4 | 88.9 | 13.9 | 79.1 |
| Thangamayil Jewellery Ltd. | 5275 | 16404 | 41.9 | 0.2 | 1.7 | 24.8 | 9.2 | 8513.8 | 73.2 | 351.6 | 196.2 | 125.7 | 262.5 |
| Bluestone Jewellery and Lifestyle Ltd. | 814.5 | 12441.4 | 220.9 | 1.7 | 4.6 | 0.8 | 0.3 | 2486 | 35.8 | 14.8 | 106.7 | 3.7 | 128.6 |
| Sky Gold and Diamonds Ltd. | 719.4 | 11141.6 | 40.5 | 0.4 | 1.8 | 23 | 12.5 | 6331.3 | 76.8 | 275.3 | 107.5 | 17.8 | 107.5 |
Kabra Jewels INFORMATION ON IPO ISSUE
About Kabra Jewels
Kabra Jewels was incorporated on July 21, 2010. The company operates in the retail jewelry sector, offering gold, diamond, and silver ornaments, along with coins, utensils, and artifacts. Exclusive designs are marketed under the "KK Jewels" brand
Object of the Issue
- Repayment of certain borrowings availed by the company
- To meet working capital requirements
- General corporate purpose
Kabra Jewels - PROMOTERS
| Name |
|---|
| Kailash Kabra |
| Jyothi Kailash Kabra |
Kabra Jewels Lead Manager of the Issue
Marwadi Chandarana Intermediaries Brokers Private Limited
mb@marwadichandarana.com
Kabra Jewels Registrar to the issue
Cameo Corporate Service Limited
ipo@cameoindia.com
Kabra Jewels Strengths
Quality assurance
The company sources inventory from third-party vendors (karigars) and ensures standardized quality and purity through stringent two-stage quality checks. Products are inspected for physical defects, tested for purity using gold testing machines, and hallmarked by third-party agencies
Diversified product range
The company offers a diverse product range catering to high-end, mid-market, and value segments, covering various occasions like weddings, parties, personal milestones, festivals, daily wear, and specialized collections for kids and men
Relationship with artisans
The company maintains long-term partnerships with artisans and manufacturers, ensuring timely delivery, superior finishing, and successful order execution, fostering strong relationships with both suppliers and customers
Kabra Jewels Risks
Capital intensive
The company relies heavily on working capital for growth, and any inability to secure it on favorable terms could adversely affect its business, financial condition, and operations
Retail network & growth management
Inability to effectively manage the retail network, operations, or growth strategy could impact profitability and adversely affect business prospects, financial condition, and operations
Order delays
Delays, modifications, cancellations, or non-payment of customer orders could adversely impact the business, financial condition, and operational results
IPO FAQs
The promoters of the company are Kailash Kabra and Jyothi Kailash Kabra.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 121.0 - 128.0.
The IPO application opens on Jan 15, 2025 and closes on Jan 17, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 121,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Jan 20, 2025.
The refund will be credited to your account on Jan 21, 2025.
The allotted shares will be credited to your demat on Jan 21, 2025.
Kabra Jewels Ltd.’s shares listed on the stock exchanges on Jan 22, 2025.