Kabra Jewels Limited is coming up with an IPO with a fresh issue of 31,25,000 shares worth INR 40 crores. The company aims to repay borrowings, meet working capital needs, and support general corporate purposes.
Kabra Jewels IPO – Important Dates
| Kabra Jewels Limited IPO Date | January 15, 2025 to January 17, 2025 |
| Kabra Jewels Limited IPO Listing Date | January 22, 2025 |
| Kabra Jewels Limited IPO Price | INR 121-128 per share |
| Kabra Jewels Limited IPO Lot Size | 1,000 Shares |
| Kabra Jewels Limited IPO Total Issue Size | INR 40.00 crores |
| Kabra Jewels Limited IPO Basis of Allotment | January 20, 2025 |
| Kabra Jewels Limited IPO Initiation of Refunds | January 21, 2025 |
| Kabra Jewels Limited IPO Credit of Shares to Demat | January 21, 2025 |
| Kabra Jewels Limited IPO Issue Type | Book Built Issue IPO |
| Kabra Jewels Limited IPO Listing At | NSE SME |
Read more about Kabra Jewels Limited IPO GMP
Kabra Jewels Limited IPO – Company Profile
Kabra Jewels Limited, founded in 2010 as KK Jewels by Kailash Kabra, offers exquisite jewellery representing Indian culture. It focuses on delivering a unique and exceptional shopping experience in Ahmedabad, Gujarat.
With six showrooms in Ahmedabad, Kabra Jewels Limited offers diverse gold, diamond, and silver jewellery. Renowned for innovation, customer-focused designs, and quality, it markets exquisite creations under the brand “KK Jewels.”
Specialising in handcrafted jewellery, Kabra Jewels Limited designs and sells gold studded pieces under “KK Jewels” and solitaires under “Only Solitaires,” blending local craftsmanship, customisation, and innovative in-house designs for diverse customer needs.
Kabra Jewels Ltd IPO Fundamental Analysis
Kabra Jewels Limited’s financial analysis reveals a mixed performance. Revenue shows a steady increase, equity and liabilities reflect growth, profitability, and EPS improved, though RoNW decreased. Liquidity strengthened, but the inventory turnover ratio indicates slower sales or management inefficiencies.
- Revenue Trend: The revenue decreased from ₹11,208.04 lakhs in March 2022 to ₹12,227.07 lakhs in March 2023. The revenue for the current year’s 8-month period ending November 2024 is INR 12,527.98 lakhs.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹540.46 lakhs in March 2022 to ₹880.89 lakhs by November 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹7.34 in March 2022 to ₹11.97 by November 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 31.32% to 22.10%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
- Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover Ratio, which might suggest slower sales or inefficient inventory management.
Kabra Jewels IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 30 November 2024 |
| Revenue (₹ in lakhs) | 11,208.04 | 12,227.07 | 12,527.98 |
| Equity (₹ in lakhs) | 1,725.66 | 2,166.24 | 3,986.78 |
| Expenses (₹ in lakhs) | 10,475.44 | 11,629.28 | 11,337.83 |
| Profit and Loss After Tax (₹ in lakhs) | 540.46 | 440.58 | 880.89 |
| Diluted EPS only (₹) | 7.34 | 5.99 | 11.97 |
| Return on Net Worth (%) | 31.32 | 20.34 | 22.10 |
| NAV per Equity Share (₹) | 23.45 | 29.43 | 54.17 |
| Total Assets (in lakhs) | 7,401.16 | 11,307.33 | 16942.59 |
| Total Liabilities (in lakhs) | 5,675.5 | 9,141.09 | 12,973.81 |
| Debt Equity Ratio | 2.74 | 3.22 | 2.59 |
| Current Ratio (in times) | 2.74 | 2.73 | 3.02 |
| Inventory Turnover Ratio | 1.92 | 1.37 | 0.74 |
Kabra Jewels Limited IPO Peer Comparison
Kabra Jewels Limited, Motisons Jewellers, DP Abhushan, and RBZ Jewellers exhibit varying financial metrics, with differences in revenue, profit margins, return on equity, and earnings per share, reflecting diverse operational scales and market performances.
| Company | Revenue (₹ in lakhs) | P/E Ratio | RoE (%) | PAT |
| Kabra Jewels Limited | 164.00 | – | 30.25 | 9.40 |
| Motisons Jewellers Limited | 416.76 | 37.22 | 9.82 | 32.23 |
| DP Abhushan Limited | 2,339.96 | 30.08 | 25.91 | 61.86 |
| RBZ Jewellers Limited | 327.43 | 27.97 | 10.40 | 21.57 |
Kabra Jewels Ltd IPO Objective
The main objective of Kabra Jewels Limited is to repay borrowings partially or fully and meet working capital requirements.
- Repayment of specific borrowing availed by the company, in part or full: The company intends to utilise INR 10 crores from net proceeds to repay borrowings, reducing debt servicing costs, improving the debt-equity ratio, and enhancing financial flexibility for future business growth and expansion opportunities.
- To Meet Working Capital Requirements: The company plans to utilise INR 22 crores from net proceeds to fund its working capital gap, complementing existing financing arrangements with outstanding debt, including secured and unsecured borrowings as of November 2024.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including meeting operating expenses, strengthening business development and marketing capabilities, addressing unforeseen exigencies, and supporting other business needs in the ordinary course.
Kabra Jewels IPO Risks And Challenges
Kabra Jewels Limited’s risk includes ongoing legal proceedings, challenges securing additional working capital, fluctuating interest rates, and potential difficulties in managing retail operations, which could impact profitability, growth, and financial stability.
- Kabra Jewels Limited and its promoters face legal proceedings, including tax, regulatory, and civil litigation. The outcomes of these proceedings could impact financial statements, liabilities, and business operations, with uncertain results.
- The company requires significant working capital and may face difficulties securing additional funding. This could affect growth, increase interest costs, and limit business expansion due to fluctuating interest rates and financing challenges.
- The inability to efficiently manage their retail network and execute their growth strategy may hinder profitability, adversely affecting their business prospects, financial stability, and operational outcomes.
Kabra Jewels Ltd IPO – Industry & Market Potential
India’s gems and jewellery market, valued at US$ 78.50 billion in FY21, is expected to grow significantly. Exports reached US$ 37.73 billion in 2022-23, with continued demand and positive developments supporting future growth.
India is the sixth-largest exporter of gems and jewellery, with a 4.3% share of global exports. In FY23, exports reached US$ 37.46 billion, with targets set for US$ 75 billion, supported by favourable trade policies.
Large retailers, online sales, relaxed gold import restrictions, and favourable government policies drive the growth of India’s gems and jewellery sector. The industry is projected to reach US$ 100 billion by 2027.
Kabra Jewels Limited IPO – Type of Offer
Kabra Jewels Limited is coming up with an IPO with a fresh issue of 31,25,000 shares worth INR 40 crores. The company aims to repay borrowings, meet working capital needs, and support general corporate purposes.
Kabra Jewels IPO Offer Size
The offer size of Kabra Jewels Limited is INR 40.00 crores, consisting of a fresh issue of 31,25,000 shares. The company aims to repay borrowings, meet working capital needs, and support general corporate purposes.
Kabra Jewels Limited IPO Allotment Structure
Kabra Jewels Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 2,90,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 2,90,000 shares, are reserved for market makers.
How to apply for Kabra Jewels IPO?
To apply for the Kabra Jewels Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Kabra Jewels Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Kabra Jewels Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Kabra Jewels IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Kabra Jewels Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Kabra Jewels Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Kabra Jewels Limited IPO:
● Registrar’s Website: Visit the website of Cameo Corporate Service Limited, the registrar of the Kabra Jewels Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Kabra Jewels Ltd IPO Offer Registrar
The registrar for the Kabra Jewels Limited IPO is Cameo Corporate Service Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Cameo Corporate Service Limited
Subramaniam Building, No. 1,
Club House Road, Chennai 600002, India.
Telephone: 044 4002 0700,
Email Id: [email protected]
Website: www.cameoindia.com
Kabra Jewels IPO – FAQs
1. What is the allotment date of the Kabra Jewels IPO?
The allotment date of the Kabra Jewels is January 20, 2025.
2. What is the price band of the Kabra Jewels IPO?
The price band of the issue is INR 121-128 per share.
3. What is the size of the Kabra Jewels IPO?
The offer size of Kabra Jewels Limited is INR 40.00 crores, consisting of a fresh issue of 31,25,000 shares. The company aims to repay borrowings, meet working capital needs, and support general corporate purposes.
4. What is the listing date of the Kabra Jewels IPO?
The listing date of the Kabra Jewels is January 22, 2025.
5. Where is the Kabra Jewels IPO Getting Listed?
Kabra Jewels is getting listed on the National Stock Exchange (NSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Kabra Jewels Limited IPO?
The open and close dates of Kabra Jewels Limited are January 15, 2025 and January 17, 2025.
7. How to apply for the Kabra Jewels Ltd IPO in Alice Blue?
To apply for Kabra Jewels Limited IPO via Alice Blue, open a Demat account, check IPO details, place your bid, and submit your application. Post-allotment, check status online. Share allotment depends on IPO demand and isn’t guaranteed.
8. Who is the Book Runner for the Kabra Jewels IPO?
The Book Runner for the Kabra Jewels is Marwadi Chandarana Intermediaries Brokers Private Limited.
