Koura Fine Diamond Jewelry Ltd IPO
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Koura Fine Diamond Jewelry Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 10 L | TBA | ₹ 4.66 L | ₹ 25.82 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 06 Mar, 24 | 11 Mar, 24 | 2000 | TBA | Fixed Price - SME | 14 Mar, 24 |
Koura Fine Diamond Jewelry Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 464000 | 0 |
| Retail | 0x | 466000 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 1000000 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Koura Fine Diamond Jewelry Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 0.53 | 0.19 | TBA |
| EBITDA | 0.55 | 0.20 | TBA |
| PAT | 0.38 | 0.13 | TBA |
| Total Assets | 8.97 | 3.06 | TBA |
| Share Capital | 3.60 | 0.47 | TBA |
| Total Borrowings | 1.04 | 0.64 | TBA |
| Operating Activities (Net Cash) | 0.40 | 0.14 | TBA |
| Investing Activities (Net Cash) | 0.00 | 0.00 | TBA |
| Financing Activities (Net Cash) | 1.04 | 0.64 | TBA |
| Net Cashflow | 4.05 | 0.10 | TBA |
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 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.
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.
Peer Comparison:
- Ashapuri Gold Ornament Ltd
- Vaibhav Global Ltd
- Tribhovandas Bhimji Zaveri Ltd
Koura Fine Diamond Jewelry Ltd IPO 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.
- 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.
How To Apply for Koura Fine Diamond Jewelry 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.
