Kabra Jewels IPO: All You Need to Know
Kabra Jewels IPO is set to open for subscription on January 15, 2025, and will close on January 17, 2025. This IPO is a Book Built Issue, aiming to raise approximately ₹40 crores, comprising a fresh issue of ₹40 crores and an offer for sale of equity shares with a face value of ₹10 each. Below, we provide a detailed overview of Kabra Jewels IPO, including important dates, financials, and investor details.
Kabra Jewels IPO Overview
| Particulars | Details |
|---|---|
| IPO Open Date | January 15, 2025 |
| IPO Close Date | January 17, 2025 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹121 to ₹128 Per Share |
| Issue Size | ₹40 Crores |
| Fresh Issue | ₹40 Crores |
| Issue Type | Book Built Issue |
| Listing | NSE SME |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
Important Dates for Kabra Jewels IPO
| Event | Date |
|---|---|
| IPO Open Date | January 15, 2025 |
| IPO Close Date | January 17, 2025 |
| Basis of Allotment | January 20, 2025 |
| Refund Initiation | January 21, 2025 |
| Credit to Demat | January 21, 2025 |
| Listing Date | January 22, 2025 |
Kabra Jewels IPO Market Lot
The minimum market lot for Kabra Jewels IPO is 1,000 shares.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,000 | ₹1,28,000 |
| Retail Maximum | 1 | 1,000 | ₹1,28,000 |
| HNI Minimum | 2 | 2,000 | ₹2,56,000 |
Kabra Jewels Financial Performance
The company has demonstrated consistent growth over the past few years, showcasing strong financial health.
| Period Ended | Revenue (₹ Cr.) | Expenses (₹ Cr.) | PAT (₹ Cr.) | Assets (₹ Cr.) |
|---|---|---|---|---|
| FY 2022 | 112.13 | 104.75 | 5.40 | 74.01 |
| FY 2023 | 122.34 | 116.29 | 4.41 | 113.07 |
| FY 2024 | 164.24 | 151.67 | 9.40 | 140.56 |
| Nov 2024 | 125.48 | 113.38 | 8.81 | 169.41 |
Kabra Jewels IPO Valuation Metrics
| Key Performance Indicator (KPI) | Value |
|---|---|
| ROE | 30.25% |
| ROCE | 18.23% |
| EBITDA Margin | 13.31% |
| PAT Margin | 5.73% |
| Debt-to-Equity Ratio | 2.90 |
| EPS (Basic) | ₹67.93 |
| Return on Net Worth (RoNW) | 30.25% |
| Net Asset Value (NAV) | ₹42.20 |
Peer Comparison
| Company | EPS (₹) | PE Ratio | RoNW (%) | NAV | Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Motisons Jewellers Limited | 160.05 | 37.22 | – | – | 416.76 |
| DP Abhushan Limited | 836.30 | 30.08 | – | – | 2339.96 |
| RBZ Jewellers Limited | 150.75 | 27.97 | – | – | 327.43 |
Objectives of the Issue
The proceeds from Kabra Jewels IPO will be utilized for the following purposes:
- Repayment of Borrowings: To reduce certain liabilities in part or full.
- Working Capital Needs: To fund day-to-day operational requirements.
- General Corporate Purposes: For general business expansion and strategic initiatives.
About Kabra Jewels
Kabra Jewels Private Limited, established on July 21, 2010, specializes in manufacturing and trading gold and diamond jewelry, including Jadau, antique jewelry, and bridal collections. With five showrooms in Gujarat, the company operates under the brand names K.K. Jewels and Only Solitaire for solitaires. The firm’s primary focus is on high-value bridal jewelry, including Gold Jadtar, Diamond, and Polki Meena collections. They also offer daily-wear jewelry and have a specialized silver jewelry store.
Promoters of Kabra Jewels
- Kailash Kabra
- Jyothi Kailash Kabra
Kabra Jewels IPO Registrar
Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: ipo@cameoindia.com
- Registrar Website
Lead Managers (Merchant Bankers)
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Kabra Jewels IPO FAQs
- What is Kabra Jewels IPO?
Kabra Jewels IPO is an SME IPO that aims to raise ₹40 crores at a price band of ₹121 to ₹128 per share. - When does Kabra Jewels IPO open and close?
The IPO opens on January 15, 2025, and closes on January 17, 2025. - What is the listing date of Kabra Jewels IPO?
The IPO is scheduled to list on January 22, 2025, on NSE. - How can I apply for Kabra Jewels IPO?
Investors can apply via ASBA through their bank accounts or UPI-enabled platforms provided by stock brokers. - What is the minimum investment amount?
The minimum investment is ₹1,28,000 for 1,000 shares.
Conclusion
Kabra Jewels IPO offers an opportunity to invest in a company with a strong financial track record and a focus on high-value bridal and diamond jewelry. With significant revenue growth and profitability, it is a promising option for long-term investors. However, investors should carefully evaluate market conditions and financial metrics before applying.
Summary of Kabra Jewels IPO
Kabra Jewels IPO is scheduled to open for subscription on January 15, 2025, and close on January 17, 2025. This Book Built Issue aims to raise ₹40 crores, comprising a fresh issue. The IPO price band is set at ₹121 to ₹128 per share, and the shares have a face value of ₹10 each. The IPO will be listed on NSE SME, with allotment finalization on January 20, 2025, and listing on January 22, 2025.
Key Highlights
- IPO Size: ₹40 crores
- Retail Quota: 35%
- QIB Quota: 50%
- HNI Quota: 15%
- Market Lot: Minimum 1,000 shares (₹1,28,000)
Financials
The company has shown impressive growth, with revenue increasing from ₹122.34 crores in FY2023 to ₹164.24 crores in FY2024, and profits rising from ₹4.41 crores to ₹9.40 crores in the same period. This reflects a strong compound annual growth rate (CAGR) and robust profitability.
Valuation Metrics
- ROE: 30.25%
- PAT Margin: 5.73%
- Debt-to-Equity Ratio: 2.90
Objects of the Issue
- Repayment of borrowings.
- Meeting working capital needs.
- General corporate purposes.
Company Overview
Kabra Jewels, established in 2010, specializes in gold and diamond jewelry, focusing on bridal collections and high-value items like Gold Jadtar and Polki Meena jewelry. The company operates under brands like K.K. Jewels and Only Solitaire, catering to a broad clientele in Gujarat and beyond.
Key Dates
- IPO Open Date: January 15, 2025
- Allotment Date: January 20, 2025
- Listing Date: January 22, 2025
Investment Insight
Kabra Jewels has a solid financial track record, offering a promising long-term investment opportunity. However, market conditions and individual investment strategies should be considered before applying.