Koura Fine Diamond Jewelry IPO Review

Koura Fine Diamond Jewelry Limited 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.

Koura Fine Diamond Jewelry IPO – Important Details

Koura Fine Diamond Jewelry IPO DateMarch 6, 2024 to March 11, 2024
Koura Fine Diamond Jewelry IPO Listing DateMarch 14, 2024
Koura Fine Diamond Jewelry IPO PriceINR 55 per share
Koura Fine Diamond Jewelry IPO Lot Size2000 Shares
Koura Fine Diamond Jewelry IPO Total Issue SizeINR 5.50 crores
Koura Fine Diamond Jewelry IPO Basis of AllotmentMarch 12, 2024
Koura Fine Diamond Jewelry IPO Initiation of RefundsMarch 13, 2024
Koura Fine Diamond Jewelry IPO Credit of Shares to DematMarch 13, 2024
Koura Fine Diamond Jewelry IPO Issue TypeFixed Price Issue
Koura Fine Diamond Jewelry IPO Listing AtBSE 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