Kabra Jewels Ltd IPO
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Kabra Jewels Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 31.25 L | TBA | ₹ 9.93 L | ₹ 65.6 L | NSE | ₹ 40 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 15 Jan, 25 | 17 Jan, 25 | 1000 | ₹ 1,21,000 | Book Building - SME | 22 Jan, 25 |
Kabra Jewels Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Diamond Cutting |
| Sub Sector | Jewellery |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 61.88x | 1416000 | 87617000 |
| NII | 557.58x | 426000 | 237529000 |
| Retail | 384.89x | 993000 | 382195000 |
| Employee | 0x | 0 | 0 |
| Total | 226.35x | 3125000 | 707341000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Kabra Jewels Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 13.88 | 7.01 | 8.00 |
| EBITDA | 15.18 | 7.98 | 8.63 |
| PAT | 9.40 | 4.41 | 5.40 |
| Total Assets | 127.77 | 101.81 | 64.70 |
| Share Capital | 0.46 | 0.46 | 0.46 |
| Total Borrowings | 65.94 | 34.67 | 38.67 |
| Operating Activities (Net Cash) | 10.70 | 5.38 | 6.03 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 65.94 | 34.67 | 38.67 |
| Net Cashflow | 2.01 | 0.61 | 0.49 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Kabra Jewels Ltd
Our company was originally incorporated and registered as a private limited company under Companies Act, 1956 in the name and style of `Kabra & Malpani Jewels Private Limited, vide certificate of incorporation dated July 21, 2010 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Pursuant to a resolution of our Board dated May 10, 2012 and a resolution of our shareholders dated June 07, 2012, the name of our company was changed to `Kabra Jewels Private Limited' and a fresh certificate of incorporation dated June 28, 2012 was issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Pursuant to a resolution of our Board dated April 15, 2024 and a resolution of our shareholders dated May 11, 2024, our Company was converted into a public limited company under the companies Act, and consequently the name of our company was changed to `Kabra Jewels Limited' and a fresh certificate of incorporation dated August 5, 2024 issued by Registrar of Companies, Central Processing Centre.
The gems and jewellery industry is one of the most important sectors of the Indian economy, contributing about 7% to the GDP and employing over 5 million people. The industry is also a major source of foreign exchange earnings, accounting for about 15% of the total exports. The industry consists of various segments, such as gold, diamond, silver, platinum, and coloured gemstones, and caters to different markets, such as domestic, export, and tourism.
Our company operates in the retail jewellery sector, offering a diverse range of gold, diamond, and silver ornaments and our other offerings include gold and silver coins, utensils and other artifacts. Our Company, guided by our Promoters and their team, understands customer preferences and creates designs to meet their needs. Our primary expertise is in designing and we market our exclusive creations under the brand name KK Jewels. We have a diverse product portfolio includes rings, earrings, pendants, bracelets, chains, necklaces, bangles and other wedding jewellery through which we cater a large number of customers. Our Company has 6 showrooms under the brand KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels - Atarashi and KK Jewels - Silver Studio, 3 offices and 1 exhibition centre located in the city of Ahmedabad. All of these showrooms are operated and managed by us, and has been taken on rental basis. For further details of our showrooms, office and exhibition centre refer section Our Business - Our Location on page no. 140. Our gold, diamond and other jewellery inventory in each showroom reflects customer preferences and designs. Our main strengths are our focus on design and innovation, our understanding of consumer preferences and market trends, the detail in our designs, and the quality of our products.
Peer Comparison:
- Motisons Jewellers Ltd
- RBZ Jewellers Ltd
Kabra Jewels Ltd IPO Key Points
Strengths
- Quality and Designing of our products.
- Established brand.
- We offer a diversified range of products.
- Experienced promoters with established track record of operations.
- Well established relationship with our artisans.
Risk
- The Company, Promoters and Directors are involved in certain legal proceedings. Any adverse outcome on such proceeding may affect its business, financial condition and reputation.
- The Company requires significant amount of working capital for continued growth. Its inability to meet the company working capital requirements, on commercially acceptable terms, may have an adverse impact on its business, financial condition and results of operations.
- If the company is unable to effectively manage its retail network and operations or pursue the company growth strategy, its may not achieve the company expected levels of profitability which may adversely affect its business prospects, financial condition and results of operations.
Strategy
- Innovation in Designing.
- Deepen and penetrate our existing customer relationships.
- Strengthen our Inventory Management practices.
- Enhance our product portfolio.
- Continue to invest in our marketing and brand building initiatives.
- Quality and Designing of our products.
- Established brand.
- We offer a diversified range of products.
- Experienced promoters with established track record of operations.
- Well established relationship with our artisans.
How To Apply for Kabra Jewels Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
