The stock market is buzzing with new IPOs almost every day. There is another exciting name to add to the list—Kabra Jewels IPO. This IPO will open for subscription on January 15, 2025, and close on January 17, 2025.
Here’s the scoop: each share has a face value of ₹10, and the price band is set between ₹121 and ₹128 per share. The lot size is 1,000 shares, which means you’ll need to invest in multiples of that. The total issue size is 31,25,000 shares, allowing the company to raise ₹40 crores through this IPO.
What’s interesting is that all the funds will be raised through a fresh issue. It is going to be a fully book-built IPO. Mark your calendars because the listing date has been fixed for January 22, 2025.
Issue Details at a Glance
| Category | Detail | Information |
|---|---|---|
| Key Dates | IPO Date | 15 January, 2025 to 17 January, 2025 |
| Pricing Information | Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share | |
| Investor Details | Lot Size | 1,000 Shares |
| Offer Structure | Total Issue Size | 31,25,000 shares (₹40.00 Cr) |
| Fresh Issue | 31,25,000 shares (₹40.00 Cr) | |
| Issue Type | Book Built Issue IPO |
Important Dates to Remember
15 January, 2025 (Wednesday)
17 January, 2025 (Friday)
20 January, 2025 (Monday)
21 January, 2025 (Tuesday)
21 January, 2025 (Tuesday)
22 January, 2025 (Wednesday)
What is GMP of Kabra Jewels Ltd Public Offer today?
As of January 13, 2025, the Grey Market Premium (GMP) for the Kabra Jewels Ltd offer is ₹*. This indicates that the shares are expected to list at approximately ₹* per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Key Financial Metrics
| Particulars | 30 Nov 2024 (₹ Lakhs) | FY 24 (₹ Lakhs) | FY 23 (₹ Lakhs) | FY 22 (₹ Lakhs) |
|---|---|---|---|---|
| Assets | 16,942.59 | 14,056.17 | 11,307.33 | 7,401.16 |
| Revenue | 12,548.47 | 16,424.32 | 12,234.02 | 11,212.54 |
| Total Expenses | 11,337.83 | 15,167.21 | 11,629.28 | 10,475.44 |
| Profit After Tax | 880.89 | 939.64 | 440.58 | 540.46 |
| Net Worth | 3,986.78 | 3,105.88 | 2,166.24 | 1,725.66 |
| Reserves and Surplus | 3,250.78 | 3,059.88 | 2,120.24 | 1,679.66 |
Let’s quickly take a look at the Company’s financial data, because financial data often give a clear picture of a company’s economic position. Speaking of the company’s assets, The company’s total assets were ₹7,401.16 lakh in the financial year 2022. By 2024, this figure almost doubled, reaching ₹14,056.17 lakh. Similarly, the total revenue saw a significant jump, going from ₹11,212.54 lakh in 2022 to ₹16,424.32 lakh in 2024.
Expenses also increased, moving from ₹10,475.44 lakh in 2022 to ₹15,167.21 lakh in 2024. However, the real highlight here is the profit. Back in 2022, the profit stood at ₹540.46 lakh, but by 2024, it had grown impressively to ₹939.64 lakh.
Company's Key Performance Indicator
| Key Performance Indicator | Value |
|---|---|
| Return on Equity (ROE) | 30.25% |
| Return on Capital Employed (ROCE) | 18.23% |
| Debt/Equity | 2.90 |
| Return on Net Worth (RoNW) | 30.25% |
| PAT Margin | 5.73% |
| Price to Book Value | 3.03 |
| EBITDA Margin | 13.31% |
| Net Asset Value (NAV) | ₹42.20 |
| Earnings Per Share (EPS) | ₹67.93 |
Net Cash Flow Generated
| Particulars | FY 2024 (₹ Lakhs) | FY 2023 (₹ Lakhs) | FY 2022 (₹ Lakhs) |
|---|---|---|---|
| Net Cash from Operating Activities | 1,581.04 | -1,243.81 | 221.14 |
| Net Cash from Investing Activities | -239.07 | -282.37 | -696.84 |
| Net Cash used in Financing Activities | -1,202.32 | 1,538.64 | 457.38 |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail Investor (Minimum Lot) | 1 | 1,000 | ₹1,28,000 |
| Retail Investor (Maximum Lot) | 1 | 1,000 | ₹1,28,000 |
| HNI Investor (Minimum Lot) | 2 | 2,000 | ₹2,56,000 |
Investor Category-Wise Reservation
| Investor Category | Shares Reserved |
|---|---|
| Shares Reserved for QIB Category | 50% of the Net Issue |
| Shares Reserved for Retail Category | 35% of the Offer |
| Shares Reserved for NII (HNI) Category | 15% of the Offer |
Key Objects of the Issue
- Repayment of certain borrowings obtained by the Company.
- To meet Working Capital requirements
- General Corporate Purpose
Final Words:
The company has a solid business background. It has been active in the jewelry industry since 2010, and the promoters, Kailash Kabra and Jyoti Kailash Kabra, bring significant experience to the table. In my opinion, this adds strategic direction and credibility to the business.
This IPO is about fresh equity shares, meaning the funds raised will be used for business expansion, not for the promoters selling out their stakes. That’s a positive sign.
However, there are a few risks involved. For example, the business heavily depends on the promoters’ guidance. If they’re not around, the company could face challenges. Plus, there are some regulatory compliances the company needs to take care of.
Before making investment decision in this IPO it’s important to understand all aspects before investing. Personally, I would take a neutral stance on investing in this IPO.
Popular Questions
- When does the Kabra Jewels IPO open and close?
The IPO opens on January 15, 2025, and closes on January 17, 2025. - What is the face value of each share in this Issue?
The face value of each share is ₹10. - What is the price band for the Kabra Jewels Public Offer?
The price band is ₹121 to ₹128 per share. - What is the minimum lot size for retail investors?
Retail investors can bid for a minimum lot size of 1,000 shares. - What is the total issue size of the Kabra Jewels Public Offering?
The total issue size is 31,25,000 shares, aggregating up to ₹40.00 Crores. - What type of issue is the Kabra Jewels IPO?
It is a Book Built Issue. - Where will the shares of Kabra Jewels be listed?
The shares will be listed on NSE SME. - What are the main objectives of the Kabra Jewels Public Offer?
The funds raised will be utilized for Working Capital Requirements, General Corporate Purposes and to pay certain borrowings obtained by the company. - Who is the registrar for this IPO?
The registrar is Cameo Corporate Services Limited. - Who is the lead manager for this Issue?
The lead manager is Marwadi Chandarana Intermediaries Brokers Private Limited.
It is always beneficial to read Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) carefully to better understand its financials and growth opportunities before making a decision.
Looking for more such reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Kabra Jewels Ltd Public Offer, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an public offering or any other securities to make sure that it suits your financial plans and risk tolerance.
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