The Kabra Jewels IPO will open for subscription on January 15, 2025, and close on January 17, 2025. The allotment for the IPO is expected to be finalized on Monday, January 20, 2025, with the tentative listing date on the NSE SME scheduled for Wednesday, January 22, 2025.
This book-built issue offers a fresh issue of 31.25 lakh shares, raising a total of ₹40.00 crores. The price band for the IPO is set between ₹121 and ₹128 per share.
Retail investors can apply with a minimum lot size of 1,000 shares, requiring an investment of ₹1,28,000. For High Net-Worth Individuals (HNIs), the minimum investment amount is ₹2,56,000, corresponding to 2 lots (2,000 shares).
Overview of Contents
Kabra Jewels IPO Overview
| Particulars | Details |
|---|---|
| IPO Subscription Date | January 15, 2025 to January 17, 2025 |
| Listing Date | January 22, 2025 (tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹121 to ₹128 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 31,25,000 shares (aggregating up to ₹40.00 Cr) |
| Fresh Issue | 31,25,000 shares (aggregating up to ₹40.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Pre-Issue Shareholding | 73,60,000 shares |
| Post-Issue Shareholding | 1,04,85,000 shares |
| Market Maker Portion | 2,90,000 shares |
| Minimum Investment (Retail) | ₹1,28,000 (1 lot) |
| Minimum Investment (HNI) | ₹2,56,000 (2 lots) |
| Subscription Method | 100% Book Built |
| DRHP | Click here |
| RHP | Click Here |
Kabra Jewels IPOÂ Lot Size
Kabra Jewels IPO allows investors to bid for a minimum of 1,000 shares, with additional applications in multiples of 1,000 shares. Below is the table that shows the minimum and maximum investment amounts for both retail investors and High Net-Worth Individuals (HNIs).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,28,000 |
| Retail (Max) | 1 | 1,000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
Kabra Jewels IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, January 15, 2025 |
| IPO Close Date | Friday, January 17, 2025 |
| Basis of Allotment | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Credit of Shares to Demat | Tuesday, January 21, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on January 17, 2025 |
Kabra Jewels IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Kabra Jewels IPOÂ Promoter Holding
Kabra Jewels’ promoter holding is primarily held by Kailash Kabra and Jyothi Kailash Kabra, who play a key role in the company’s operations. The table below highlights the pre-issue and post-issue shareholding percentages of the promoters.
| Particulars | Percentage |
|---|---|
| Share Holding Pre-Issue | 89.12% |
| Share Holding Post-Issue | 62.55% |
About Kabra Jewels IPO
Founded in 2010, Kabra Jewels Limited is a prominent player in the retail jewelry industry, offering a wide range of gold, diamond, and silver ornaments. The company designs, manufactures, and sells jewelry catering to various occasions, from weddings—its highest-selling product category—to daily-wear jewelry. Kabra Jewels operates six showrooms in Ahmedabad under the brands KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio, along with three offices and one exhibition center. The business operates on two models: one where the company procures goods directly from vendors, and another where it customizes jewelry based on in-house designs or customer orders. Their product offerings include rings, earrings, pendants, bracelets, chains, necklaces, and bangles. As of November 30, 2024, Kabra Jewels employs 121 staff members.
The company has built its success on several competitive strengths, including an established brand, a reputation for high-quality products, experienced promoters with a strong operational track record, and a well-established relationship with artisans. Kabra Jewels is known for its design and innovation in its product range, supported by a dedicated and efficient management team. The brand has deep roots in the heritage of Mount Abu, Rajasthan, where it was originally founded in 1963 as Gujarat Emporium. Over the decades, it has evolved into a leading name for handcrafted sterling silver jewelry, with designs influenced by the tribal art from various regions of India. Kabra Jewels continues to set trends with its distinctive, timeless jewelry, ensuring that its creations remain relevant in today’s fast-paced world.
Kabra Jewels Limited Financial Information
The financial performance of Kabra Jewels has shown steady growth over the years, with an increase in assets, revenue, and net worth. The company has continued to demonstrate profitability, with a consistent rise in profit after tax and reserves. However, the company’s total borrowings have also increased as it expands its operations. Below is the detailed financial information for the periods ended November 30, 2024, and March 31 for the previous years
| Particulars | 30 Nov 2024 (₹ Lakhs) | 31 Mar 2024 (₹ Lakhs) | 31 Mar 2023 (₹ Lakhs) | 31 Mar 2022 (₹ 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 |
| 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 |
| Total Borrowing | 10,307.08 | 8,996.84 | 6,982.62 | 4,730.26 |
Kabra Jewels IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 30.25% |
| ROCE: | 18.23% |
| EBITDA Margin: | 13.31% |
| PAT Margin: | 5.73% |
| Debt to equity ratio: | 2.90 |
| Earning Per Share (EPS): | ₹67.93 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.25% |
| Net Asset Value (NAV): | ₹42.20 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Motisons Jewellers Limited | 160.05 | 37.22 | – | – | 416.76 Cr. |
| DP Abhushan Limited | 836.30 | 30.08 | – | – | 2339.96 Cr. |
| RBZ Jewellers Limited | 150.75 | 27.97 | – | – | 327.43 Cr. |
Objects of the IssueÂ
- Repayment of certain borrowings availed by the Company, in part or full
- To meet Working Capital requirements
- General Corporate Purpose
Registrar Of The IPO
Cameo Corporate Services Limited
Phone:Â +91-44-28460390
Email:Â ipo@cameoindia.com
Website:Â https://ipo.cameoindia.com/
Company Address
Kabra Jewels Limited
Shop no.6, Ground Floor,
Iscon Center, Besides Tanishq,
Shivranjani Cross Road, Satellite Ahmedabad 380015
Phone:Â +91 93288 71207
Email:Â cs.kkjewels@gmail.com
Website:Â https://kkjewels.org/
Kabra Jewels IPO FAQs
What is the Kabra Jewels IPO issue size?
The Kabra Jewels IPO is a fresh issue of 31.25 lakh shares, aggregating up to ₹40.00 crore.
What is the price band for the Kabra Jewels IPO?
The price band for the IPO is set at ₹121 to ₹128 per share.
When does the Kabra Jewels IPO open and close?
The IPO opens for subscription on January 15, 2025, and closes on January 17, 2025.
What is the minimum lot size for the Kabra Jewels IPO?
The minimum lot size is 1,000 shares, with an investment amount of ₹1,28,000 for retail investors.
When will the Kabra Jewels IPO be listed?
The listing date is set for January 22, 2025, on the NSE SME platform.
Who are the promoters of Kabra Jewels?
Kailash Kabra and Jyothi Kailash Kabra are the promoters of the company.
What are the key competitive strengths of Kabra Jewels?
Kabra Jewels boasts an established brand, high-quality products, experienced promoters, a strong relationship with artisans, and a focus on innovation.
What is the total borrowing of Kabra Jewels?
As of November 30, 2024, Kabra Jewels’ total borrowings stand at ₹10,307.08 lakhs.