Kabra Jewels IPO is a book-built issue worth ₹40.00 crores, consisting entirely of a fresh issue of 31.25 lakh shares.
The subscription period for the Kabra Jewels IPO opens on January 15, 2025, and closes on January 17, 2025. The allotment of shares is expected to be finalized on Monday, January 20, 2025. The IPO will list on the NSE SME platform, with a tentative listing date scheduled for Wednesday, January 22, 2025.
Kabra Jewels Limited operates in the Gems, Jewellery & Precious Metals sector. They offer a diverse collection of gold, diamond, and silver ornaments. The company was established in 2010 and is involved in the retail jewelry business.
The price band for the IPO is set between ₹121 and ₹128 per share, with a minimum application lot size of 1,000 shares. Retail investors must make a minimum investment of ₹1,28,000, while high-net-worth individuals (HNIs) are required to apply for at least 2 lots (2,000 shares), amounting to ₹2,56,000.
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd. is the book-running lead manager for the Kabra Jewels IPO, while Cameo Corporate Services Limited serves as the registrar. The market-making responsibilities for the IPO are handled by Giriraj Stock Broking Private Limited.
Kabra Jewels IPO Details:
| Company Name | Kabra Jewels Limited |
| Sector | Jewlery |
| IPO Type | SME |
| IPO Open date | 15th Jan 2025 |
| IPO Close date | 17th Jan 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Kabra Jewels IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,28,000 |
| HNI (Min) | 2 | 2000 | 2,56,000 |
Kabra Jewels IPO Timeline:
| IPO Open Date | 15th Jan 2025 |
| IPO Close Date | 17th Jan 2025 |
| Basis of Allotment | 20th Jan 2025 |
| Refund Initiation Date | 21st Jan 2025 |
| Shares Credit to Demat | 21st Jan 2025 |
| Listing Date | 22nd Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Kabra Jewels’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Jewlery Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Kabra Jewels and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
