Koura Fine Diamond Jewelry Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Koura Fine Diamond Jewelry Ltd IPO

Koura Fine Diamond Jewelry Limited is engaged in the business of supplying jewelry to retail jewelers, mainly gold and diamond jewelry. The Jewelries are manufactured on a Job Work basis. The Company deals in two types of jewelry; one is in 22 Karat Gold jewelry and another one is in 18 Karat Diamond jewelry. The Company is a well-known and trusted jewelry wholesaler.

Koura Fine Diamond Jewelry Ltd IPO Details

Total Shares Offered

₹ 10,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 4,66,000

Pre Issue Promoters Holding

₹ 25,81,975

Exchange

BSE

Issue size

TBA

IPO Open Date

Mar 6, 2024

Close Date

Mar 11, 2024

Lot Size

2000

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

Mar 14, 2024

Koura Fine Diamond Jewelry Ltd IPO Dates

Mar 6, 2024

Opening date

Mar 11, 2024

Closing date

Mar 12, 2024

Basis of Allotment

Mar 13, 2024

Initiation of Refunds

Mar 13, 2024

Credit of Shares

Mar 14, 2024

Listing date

Details

Sector	Type
Sector	Diamond Cutting
Sub Sector	Jewellery
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	464000
Retail	0x	466000
Employee	0x	0
Total	0x	1000000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

464000

466000

1000000

Koura Fine Diamond Jewelry Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	0.35	0.53	0.19
EBITDA	0.47	0.55	0.20
PAT	0.17	0.38	0.13
Total Assets	13.33	8.97	3.06
Share Capital	3.60	3.60	0.47
Total Borrowings	5.73	1.04	0.64
Operating Activities (Net Cash)	0.29	0.40	0.14
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	5.73	1.04	0.64
Net Cashflow	4.04	4.05	0.10

About Koura Fine Diamond Jewelry Ltd

The Company was originally incorporated as `Koura Fine Diamond Jewelry Limited' a public limited company under the Companies Act, 2013 at Ahmedabad, pursuant to a certificate of incorporation dated March 25, 2022, issued by the Registrar of Companies, Ahmedabad (RoC). Subsequently, the Company has acquired the entire running business with the assets and liabilities of M/s Aurum Jewels, sole proprietorship concern of its Promoter Mr. Kamlesh Keshavlal Lodhiya vide Business Succession Agreement dated March 13, 2023. The Company's Corporate Identity Number is U36999GJ2022PLC130379.

The Indian gems and jewelry market consists of gold, silver, and diamond jewelry, along with other precious gems and pearls. India is the world's second-largest consumer of gold, with 70% of the consumption being in the form of gold jewelry. Further, the Indian jewelry market can be divided into the categories of fine jewelry and costume jewelry, with 95% of the market comprising fine jewelry.

Peer Comparison:

Ashapuri Gold Ornament Ltd
Vaibhav Global Ltd
Tribhovandas Bhimji Zaveri Ltd

Koura Fine Diamond Jewelry Ltd Key Points

Strengths

Experienced Management team having domain knowledge to scale up and expand into new opportunities.

Wide product portfolio addressing the needs of varied customers across the industry.

Dedicated technical & functional team to provide solutions to its customers.

Extensive Sales and distribution network.

Experience of handling large & complex projects.

Risk

The Company has been recently incorporated and post incorporation has taken-over the running business of M/s Aurum Jewels (Proprietorship firm of its Promoter) thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

The company is dependent on its Promoter, the company senior management, directors and key personnel of the Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.

The company sources raw materials from third parties and the quality of its final product may be impacted by the quality of the raw materials supplied by third parties.

Strategy

Entering the E-Commerce Market.

Regional Inclinations.

Adherence to Quality and Hallmarking.

How To Apply for Koura Fine Diamond Jewelry Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Koura Fine Diamond Jewelry Ltd IPO?

Koura Fine Diamond Jewelry Ltd's IPO offers shares for up to 5.5 It begins on Mar 6, 2024 and ends on Mar 11, 2024.

What is the price of the Koura Fine Diamond Jewelry Ltd IPO?

The price of Koura Fine Diamond Jewelry Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Koura Fine Diamond Jewelry Ltd IPO?

The Koura Fine Diamond Jewelry Ltd IPO opens on Mar 6, 2024 and closes on Mar 11, 2024.

When will the Koura Fine Diamond Jewelry Ltd IPO be allotted?

The allotment for the Koura Fine Diamond Jewelry Ltd IPO will be finalised on Mar 12, 2024. The shares will be listed on BSE and NSE on Mar 14, 2024.

What is the minimum lot size required for Koura Fine Diamond Jewelry Ltd IPO?

The minimum lot size for Koura Fine Diamond Jewelry Ltd IPO is 2000 shares, priced between NA to NA per share.

What is the GMP of Koura Fine Diamond Jewelry Ltd IPO?

The GMP (Grey Market Premium) of Koura Fine Diamond Jewelry Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Koura Fine Diamond Jewelry Ltd IPO?

To check the allotment status of Koura Fine Diamond Jewelry Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Koura Fine Diamond Jewelry Ltd IPO getting listed?

The Koura Fine Diamond Jewelry Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 6, 2024, and closes on Mar 11, 2024. The allotment is finalised on Mar 12, 2024.

How do you apply for the Koura Fine Diamond Jewelry Ltd IPO?

To apply for the Koura Fine Diamond Jewelry Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.