Kabra Jewels Limited is launching an initial public offering (IPO) with a book-built issue of Rs 40.00 crores, comprising a fresh issue of 31.25 lakh shares. The subscription period ran from January 15 to 17, 2025. Share allocation is anticipated on January 20, 2025, with the listing on NSE SME expected on January 22, 2025.
The IPO price range is set at ₹121 to ₹128 per share. Retail investors must apply for a minimum of 1000 shares, requiring an investment of ₹1,28,000. High Net Worth Individuals (HNIs) need to invest in at least 2 lots, totaling 2,000 shares and ₹2,56,000.
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is managing the IPO, with Cameo Corporate Services Limited serving as the registrar. Giriraj Stock Broking Private Limited is the designated market maker.
Kabra Jewels Limited IPO Fundamentals
Established in 2010, Kabra Jewels Limited specializes in retail jewelry, offering a wide array of gold, diamond, and silver ornaments. The company creates, produces, and markets various jewelry items across different price points, from wedding collections to everyday wear.
Kabra Jewels operates six showrooms in Ahmedabad under different brand names, along with three offices and an exhibition center. As of November 30, 2024, the company employed 121 staff members.
Business Model
- Direct procurement of general designs like chains, rings, pendants, and earrings from vendors.
- Customization of jewelry based on in-house designs or customer requests, collaborating with specialized vendors or artisans for items such as necklaces, mang tikkas, earrings, and bracelets.
Products
The company offers rings, earrings, pendants, nose ornaments, bracelets, chains, necklaces, and bangles.
Competitive Strengths
- Recognized brand
- High-quality products
- Seasoned promoters with a proven operational history
- Strong relationships with artisans
- Innovative product design
- Experienced management and dedicated workforce
Kabra Jewels IPO Schedule
Kabra Jewels IPO opens on January 15, 2025, and closes on January 17, 2025.
| IPO Open Date | Wednesday, January 15, 2025 |
| IPO Close Date | Friday, January 17, 2025 |
| Basis of Allotment | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Credit of Shares to Demat | Tuesday, January 21, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
Kabra Jewels IPO Promoter Holding Details
Kailash Kabra and Jyothi Kailash Kabra are the promoters of the company.
| Share Holding Pre-Issue | 89.12% |
| Share Holding Post Issue | 62.55% |
Kabra Jewels Limited IPO GMP
Kabra Jewels SME IPO last GMP is ₹115, last updated Jan 17th, 2025 03:29 PM. With a price band of 128.00, Kabra Jewels SME IPO’s estimated listing price is ₹243 (cap price + today’s GMP). The expected percentage gain/loss per share is 89.84%.
How to Apply Kabra Jewels Limited IPO Through Zerodha?
If you are interested in this IPO and any other IPO then you easily open your demat account with this link of Zerodha:
https://zerodha.com/open-account?c=IQH852
