Koura Fine Diamond Jewelry IPO consists of a fresh issue of 10 lakh shares worth INR 5.5 crores. The company seeks funds to meet the working capital.
Koura Fine Diamond Jewelry IPO – Important Details
| Koura Fine Diamond Jewelry IPO Date | March 6, 2024 to March 11, 2024 |
| Koura Fine Diamond Jewelry IPO Listing Date | March 14, 2024 |
| Koura Fine Diamond Jewelry IPO Price | INR 55 per share |
| Koura Fine Diamond Jewelry IPO Lot Size | 2000 Shares |
| Koura Fine Diamond Jewelry IPO Total Issue Size | INR 5.50 crores |
| Koura Fine Diamond Jewelry IPO Basis of Allotment | March 12, 2024 |
| Koura Fine Diamond Jewelry IPO Initiation of Refunds | March 13, 2024 |
| Koura Fine Diamond Jewelry IPO Credit of Shares to Demat | March 13, 2024 |
| Koura Fine Diamond Jewelry IPO Issue Type | Fixed Price Issue |
| Koura Fine Diamond Jewelry IPO Listing At | BSE SME |
Koura Fine Diamond Jewelry Ltd IPO – Company Profile
The company is engaged in the wholesale business of gold and diamond jewellery. The company sells a wide range of jewellery products, including gold jewellery and diamond. The business model is B2B. The company deals in two types of jewellery; one is in 22 Karat Gold jewellery and another one is in 18 Karat Diamond jewellery.
Mr. Kamlesh Keshavlal Lodhiya is the company’s promoter, and he has more than 20 years of experience in the jewellery business. He hails from a family who is involved in the Gold jewellery business in Rajkot.
The company sources finished jewellery from third-party artisans located across India. Additionally, it also supplies raw materials i.e., gold bullion/bars, to artisans for making jewellery on a job-work basis in Ahmedabad, Mumbai, Rajkot, and Surat.
Koura Fine Diamond Jewelry IPO – Fundamental Analysis
Koura Fine Diamond Jewelry Ltd’s financials reveal modest revenue growth and profitability, alongside strong liquidity. However, significant changes in EPS and NAV suggest the need for careful analysis before investing in its upcoming IPO in the luxury goods sector.
Revenue Growth:
The company has shown a slight increase in revenue from ₹555.84 lakhs as of March 31, 2023, to ₹601.81 lakhs by September 30, 2023. This indicates a stable demand for its products, albeit with modest growth.
Equity Fluctuations:
There’s a slight decrease in equity from ₹286.06 lakhs to ₹269.06 lakhs within the six-month period, which might reflect dividend payments, share buybacks, or adjustments in retained earnings.
Profitability:
Profit after tax has increased from ₹13.41 lakhs to ₹17.01 lakhs, showing an improvement in profitability. However, the RoNW decreased from 6.74% to 5.95%, suggesting a slight decrease in efficiency in generating profit from shareholders’ equity.
Diluted EPS:
A significant discrepancy in diluted EPS from ₹10.15 to ₹0.65 raises questions. This drastic change needs clarification, potentially indicating a substantial increase in shares or an adjustment in earnings calculations.
NAV per Equity Share:
The NAV per equity share shows a considerable decrease from ₹56.88 to ₹11.00, which could be due to a reassessment of asset values or equity adjustments.
Asset and Liability Management:
Total assets have slightly increased, indicating ongoing business operations and investment. The increase in total liabilities suggests additional borrowing or financial obligations but remains manageable given the company’s asset base.
Liquidity and Debt Management:
The current ratio remains high, indicating strong liquidity. The slight improvement in the debt-equity ratio from 0.19 to 0.17 suggests a solid financial structure with low leverage.
Koura Fine Diamond Jewelry Ltd IPO Financial Information
| Particular | As of 31 March 2023 | As of 30 September 2023 |
| Revenue (₹ in lakhs) | 555.84 | 601.81 |
| Equity (₹ in lakhs) | 286.06 | 269.06 |
| Expenses (₹ in lakhs) | 538.22 | 578.86 |
| Profit and Loss After Tax (₹ in lakhs) | 13.41 | 17.01 |
| RoNW (%) | 6.74% | 5.95% |
| Diluted EPS only (₹) | 10.15 | 0.65 |
| NAV per Equity Share (₹) | 56.88 | 11.00 |
| Total Assets (in lakhs) | 327.34 | 352.53 |
| Total Liabilities (in lakhs) | 41.28 | 83.47 |
| Current Ratio (In times) | 5.25 | 5.00 |
| Debt Equity Ratio (In times) | 0.19 | 0.17 |
Koura Fine Diamond Jewelry IPO Peer Comparison
Koura Fine Diamond Jewelry Limited, with a total income of ₹5.56 crores and a RoNW of 6.74%, showcases unique financial metrics, including a notably high EPS of ₹55.89, positioning it distinctively against peers like Ashapuri Gold, Vaibhav Global, and Tribhovandas Bhimji Zaveri.
| Company | Total Income(₹ in crores) | Face Value per Equity Share (₹) | P/E Ratio (Times) | EPS (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Koura Fine Diamond Jewelry Limited | 5.56 | 10 | 0.89 | 55.89 | 6.74% | 56.88 |
| Ashapuri gold ornament Limited | 158.14 | 10 | 107.63 | 0.71 | 2.16% | 33.20 |
| Vaibhav Global Limited | 536.53 | 10 | 49.85 | 6.05 | 8.31% | 72.74 |
| Tribhovandas bhimji Zaveri Limited | 2399.19 | 10 | 13.24 | 5.95 | 6.74% | 84.07 |
Koura Fine Diamond Jewelry Limited IPO Objective
The main objective of Koura Fine Diamond Jewelry’s IPO is to utilize INR 4.50 crores to fund working capital needs, ensuring operational demands are met. The remaining funds will be allocated to general corporate purposes, covering strategic initiatives, acquisitions, investments, and operational expenses.
- To fund the working capital of the company: The company requires significant working capital to meet the demands of business and to meet the day-to-day funding requirements. The Company proposes to utilize INR 4.50 crores of the Net Proceeds in March 31, 2024, respectively, towards its working capital requirements for meeting future business requirements.
- General Corporate Purposes: The Company plans to deploy the balance funds towards the general corporate goals, including strategic initiatives, acquisitions, investments, office setups, R&D, fixed assets acquisition, and operational expenses coverage.
Koura Fine Diamond Jewelry Ltd IPO Risks And Challenges
Koura Fine Diamond Jewelry’s risk lies in its ability to identify and respond to product and market trends efficiently. Seasonal income fluctuations and reliance on job workers could adversely impact operations.
- The success depends on the company’s ability to identify, originate, and define product and market trends, both on a pan-India, international, and more local level, as well as to anticipate, gauge, and react to rapidly changing consumer demands in a timely manner.
- The income and sales are subject to seasonal fluctuations and lower income in a peak season may have a disproportionate effect on the results of operations.
- The dependency on job workers or Karigars for the performance of the operation may adversely affect the business.
Koura Fine Diamond Jewelry IPO – Industry & Market Potential
The online jewelry retail market was estimated to be worth US$1.4 billion in FY 2020, with a 2% penetration rate. In line with growth in online retailing, the online penetration of jewelry retail is expected to increase over time and reach a 7% penetration rate and US$6 billion in value by FY 2025.
Given the high growth rate of online retailing, leading players have started to invest in digital marketing and online sales. This growth is driven primarily by the affordable range of low-carat gold and studded jewelry categories catering to urban markets. As per estimates, by 2025 all fine jewelry will be digitally influenced.
Koura Fine Diamond Jewelry IPO – Type of Offer
Koura Fine Diamond Jewelry IPO consists of a fresh issue of 10 lakh shares worth INR 5.5 crores. The company seeks funds to meet the working capital.
Koura Fine Diamond Jewelry Ltd IPO Offer Size
The offer size of Koura Fine Diamond Jewelry IPO is INR 5.5 crores. The company seeks funds to meet the working capital.
Koura Fine Diamond Jewelry IPO Allotment Structure
Koura Fine Diamond Jewelry Tech Limited’s IPO allotment structure includes a Retail Individual Investors (RII) category with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 70,000 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications with value exceeds INR 2 lakhs.
- Market Maker Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 70,000 shares for this purpose.
How to apply for a Koura Fine Diamond Jewelry Ltd IPO?
To apply for the Koura Fine Diamond Jewelry Tech IPO through Alice Blue, you would typically 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 Koura Fine Diamond Jewelry Tech 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 Koura Fine Diamond Jewelry Tech 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 to check Koura Fine Diamond Jewelry Tech IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
2. 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
3. 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
4. Select the Koura Fine Diamond Jewelry Tech 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 Koura Fine Diamond Jewelry Tech IPO.
5. 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, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Koura Fine Diamond Jewelry Tech IPO:
- Registrar’s Website: Visit the website of KFIN Technologies Limited, the registrar of the Koura Fine Diamond Jewelry Tech IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) SME (Small Medium Enterprise) Platform. 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.
Koura Fine Diamond Jewelry Tech Limited IPO Offer Registrar
The Koura Fine Diamond Jewelry Tech IPO’s registrar is KFIN Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFIN Technologies Limited
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana, India
Tel: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Koura Fine Diamond Jewelry IPO – FAQs
1. What is the allotment date of the Koura Fine Diamond Jewelry IPO?
The allotment date of the Koura Fine Diamond Jewelry Tech IPO is March 12, 2024.
2. What is the price band of Koura Fine Diamond Jewelry Tech IPO?
The price band of the company is INR 55 per share.
3. What is the size of the Koura Fine Diamond Jewelry Tech IPO?
Koura Fine Diamond Jewelry IPO consists of a fresh issue of 10 lakh shares worth INR 5.5 crores. The company seeks funds to meet the working capital.
4. What is the listing date of the Koura Fine Diamond Jewelry Tech IPO?
The listing date of the Koura Fine Diamond Jewelry Tech IPO is March 14, 2024.
