Kabra Jewels IPO subscribed overall 356.02 times on the last day, a retail quota was subscribed over 384.9 times, NII was subscribed over 556.9 times, and QIB was 154.53 respectively.
Details About Kabra Jewels IPO
Kabra Jewels got approval from SEBI for an IPO of around ₹40 crores, an entirely fresh issue of ₹40 crores with a face value of Rs 10 each. Further, it had a set price band between ₹121 to ₹128 Per Share.
In this IPO 1,000 shares were in 1 lot size for retail minimum and maximum category. Moreover, 2000 shares were in 2 lot sizes for the S-HNI category.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,28,000.
- SHNI (S-HNI): Minimum investment of ₹2,56,000.
Kabra Jewels IPO’s Subscription Duration
Kabra Jewels IPO was started on January 15, 2025, and closed on January 17, 2025. The Kabra Jewels IPO’s allotment date was January 20, 2025, and they received a refund on January 21, 2025. The listing of this IPO is on January 22, 2025.
Funds Deployment of This IPO
- Repayment of certain borrowings availed by the Company, in part or full
- To meet Working Capital requirements
- General Corporate Purpose
About Kabra Jewels Company
The Non-government company named Kabra Jewels Private Limited was founded in July 21, 2010 and engaged in the business of manufacturing and trading gold and diamond jewelry including jadau or antique jewelry made of vilandi and precious stones which are useful for bridal collections. Further, retailers are the main customers and 4 showrooms are present in Gujarat. Moreover, they have the K.K. Jewels brand which sells diamonds and gold jewelry also sells loose solitaire by the brand “ Only Solitaire”. Financially, this company has 164. 24 Cr revenue portion and PAT(Profit After Tax)9.39 Cr respectively.
Financial Resort of the Kabra Jewels Company
The company reported revenue of ₹164.24 crores in 2024 which was increased against ₹122.34 crore in 2023. The company reported profit of ₹9.40 crores in 2024 against profit of ₹4.41 crores in 2023.