IPO Details

Bidding Dates

14 Jan '25 - 16 Jan '25

Minimum Investment

₹1,28,000 / 1 Lot (1,000 Shares)

Price Range

₹121-₹128

Maximum Investment

₹1,28,000 / 1 Lot (1,000 Shares)

Retail Discount

To be announced

Issue Size

₹40.00 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Kabra Jewels IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 14, 2025

IPO Closing Date

Jan 16, 2025

Basis of Allotment

Jan 19, 2025

Initiation of Refunds

Jan 20, 2025

IPO Listing Date

Jan 21, 2025

About Kabra Jewels IPO

Kabra Jewels IPO is a book-built issue aiming to raise ₹40 crore through the sale of 31.25 lakh fresh equity shares. Scheduled for subscription from January 15 to January 17, 2025, the IPO offers shares within a price band of ₹121 to ₹128 each. The minimum lot size is 1,000 shares, requiring a retail investor to invest at least ₹1,28,000, while High Net-Worth Individuals (HNI) must apply for at least two lots, amounting to ₹2,56,000.

The allotment of shares is expected to be finalised on January 20, 2025. Kabra Jewels IPO will list on the NSE SME platform, with a tentative listing date of January 22, 2025. This IPO offers an opportunity to invest in a growing jewellery company looking to expand operations and market reach.

Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager for the issue, ensuring smooth execution of the IPO process. Cameo Corporate Services Limited is the registrar, while Giriraj Stock Broking Private Limited serves as the market maker, providing liquidity post-listing. This IPO presents an intriguing option for investors seeking SME market exposure.

Industry Outlook

  1. The Indian gems and jewellery market was valued at $78.50 billion in FY21 and is projected to grow to $100 billion by 2027. With fine jewellery constituting 95% of the market, India remains the second-largest gold consumer globally, with 70% of gold used in jewellery. This growth highlights strong domestic demand and opportunities in international markets.
  2. Gems and jewellery exports reached $37.73 billion in FY23, contributing 15.71% of India’s merchandise exports and 7% of GDP. Although exports declined by 16.03% to $26.35 billion in FY24 (April-January), the government’s target of $75 billion in exports and supportive policies for exporters suggest a promising future.

Kabra Jewels IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. A portion of the proceeds will be used to repay certain borrowings, reducing financial liabilities.
  2. A portion of the proceeds will be used to meet the working capital requirements.
  3. The remaining funds will be allocated toward general corporate purposes.

About Kabra Jewels Limited 

Kabra Jewels Limited, originally established in 2010 as Kabra & Malpani Jewels Private Limited, operates in the retail jewellery sector with a strong presence in Ahmedabad, Gujarat. The company began as a proprietorship under the name "KK Jewels" and was later incorporated as a private limited entity before becoming a public limited company in 2024.

Kabra Jewels offers a diverse range of gold, diamond, and silver ornaments, including rings, necklaces, bracelets, and wedding jewellery, along with gold and silver coins, utensils, and artifacts. The company markets its exclusive designs under the brand "KK Jewels" and also sells loose solitaires under the brand "Only Solitaires." With 6 showrooms, 3 offices, and an exhibition centre, all located in Ahmedabad, Kabra Jewels provides a premium shopping experience tailored to local tastes.

The company’s strengths lie in its innovative designs, deep understanding of customer preferences, and commitment to quality. A team of skilled in-house designers collaborates with local artisans to create handcrafted jewellery that blends tradition with modern aesthetics. Kabra Jewels also offers customised jewellery for special occasions, including weddings, which remains its top-selling category.

How To Check the Allotment Status of the Kabra Jewels IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Kabra Jewels IPO online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Kabra Jewels IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Kabra Jewels IPO 

Registered office: 6 Ground Floor, Iscon Center, Besides Tanishq, Shivranjani Cross Road, Satellite, Ahmedabad -380015, Gujarat, India.

Phone: +91 93288 71207

E-mail: cs.kkjewels@gmail.com  

Kabra Jewels IPO Reservation

Investor Category

Shares Offered

QIB Shares

Not more than 50% of the Net Issue

Retail Shares

Not less than 35% of the Net Issue

NII (HNI) Shares

Not less than 15% of the Net Issue

Kabra Jewels IPO Lot Size

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 Promoter Holding

The Promoters of the company are Kailash Kabra and Jyothi Kailash Kabra.

Share Holding Pre-Issue

89.12%

Share Holding Post Issue

62.15%

Key Performance Indicators for Kabra Jewels IPO

As of March 31, 2024, the market capitalisation of Kabra Jewels's IPO is ₹134.21 crore. Here are the KPIs of Kabra Jewels:

KPI

Value

ROE (%)

30.25

ROCE (%)

18.23

Debt to Equity Ratio (x)

2.90

RoNW (%)

30.25

PAT Margin (%)

5.73

Price to Book Value (x)

3.03

 

Price Metrics

Metric

Pre-IPO

Post-IPO

P/E (x)

10.02

__

EPS (₹)

67.93

__

Note: The Pre-IPO EPS is determined using the pre-issue shareholding as mentioned in the RHP and the latest financial year earnings as of March 31, 2024. The Post-Issue EPS is calculated based on the post-issue shareholding and annualised earnings for the financial period ending November 30, 2024, as stated in the RHP.

Kabra Jewels IPO Prospectus

Kabra Jewels IPO Registrar and Lead Managers

Kabra Jewels IPO Lead Managers

  • Marwadi Chandarana Intermediaries Brokers Private Limited

Registrar for Kabra Jewels IPO

Cameo Corporate Services Limited

  • Contact Number: +91-44-28460390
  • Email Address: ipo@cameoindia.com

Website: Kabra Jewels IPO Registrar

Financial Performance of Kabra Jewels Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 16,400.17 12,227.07 11,208.04
Profit After Tax (PAT) (in ₹ lakh) 939.64 440.58 540.46
EBITDA (in ₹ lakh) 2182.46 1239.22 1174.05
Return on Equity (%) 30.25 20.34 31.32
Return on Capital Employed (%) 18.23 13.62 18.26
Return on Net Worth (%) 30.25 20.34 31.32
Total Expenses (in ₹ lakh) 15,167.21 11,629.28 10,475.44

Know before investing

Strengths

5

  1. Kabra Jewels Limited has a decade-long track record of excellence.

  2. "KK Jewels" is a trusted jewellery brand in Ahmedabad’s market.

  3. All gold products are BIS-hallmarked to ensure quality and purity.

  4. Two-stage quality control ensures standardised and defect-free jewellery products.

  5. A diverse product portfolio caters to all customer segments and occasions.

Risks

5

  1. Adverse legal outcomes in proceedings may affect business reputation.

  2. Significant working capital reliance may strain operations and growth plans.

  3. Limited geographical presence exposes revenue to Ahmedabad market risks.

  4. Dependence on rented premises risks business continuity and higher costs.

  5. Lack of agreements with vendors and workers may delay deliveries.

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Kabra Jewels Limited Peer Details Comparison

Company Name Revenue (in ₹ crore) ROE (%) ROCE (%)
Kabra Jewels Limited 164.00 30.25 18.23
Motisons Jewellers Limited 416.76 9.82 13.83
DP Abhushan Limited 2339.96 25.91 23.02
RBZ Jewellers Limited 327.43 10.40 13.52

Kabra Jewels IPO FAQs

What is the Kabra Jewels IPO?

Kabra Jewels IPO is a book-built issue IPO. It will be open from January 15, 2025, to January 17, 2025.

When will Kabra Jewels IPO be allotted?

The Basis of Allotment will happen on Monday, January 20, 2025.

When will Kabra Jewels IPO open for subscription?

The IPO subscription window will open on January 15, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,000 shares.

When will Kabra Jewels Limited list on exchanges?

The listing date for Kabra Jewels Limited is Wednesday, January 22, 2025.

What is the issue size of the Kabra Jewels IPO?

The issue size of the Kabra Jewels IPO is up to ₹40.00 crore, with a complete fresh issue of ₹40.00 crore.

What are the open and close dates of the Kabra Jewels IPO?

The open and close dates for Kabra Jewels IPO are from January 15, 2025, to January 17, 2025.

What would be the listing gains on the Kabra Jewels IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting the Kabra Jewels IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Kabra Jewels IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Kabra Jewels Limited using one PAN?

You can submit only one application using your PAN card.

How to read Kabra Jewels Limited's financial statements?

To read Kabra Jewels’s financial statements, download the IPO’s  RHP document.

What is 'pre-apply' for Kabra Jewels Limited IPO?

Pre-apply allows investors to apply for the  Kabra Jewels  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Kabra Jewels Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Kabra Jewels Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of Kabra Jewels IPO?

Cameo Corporate Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Kabra Jewels IPO getting listed?

Kabra Jewels Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).