Koura Fine Diamond Jewelry Shines Bright: 36% Premium Debut at ₹75 on BSE SME

Koura Fine Diamond Jewelry's stock debuted impressively, with a 36% premium at ₹75 on the BSE SME platform. The IPO, valued at ₹5.50 crore, offered 10 lakh fresh equity shares.
Koura Fine Diamond Jewelry Stellar Debut 36 Percent

Koura Fine Diamond Jewelry shares made an impressive entry into the Indian stock market, debuting with a substantial 36% premium at ₹75 per share on the BSE SME platform. The IPO, valued at ₹5.50 crore, comprised 10 lakh fresh equity shares with a price band of ₹55 per share.

The retail category witnessed an overwhelming subscription of 1,083.98 times, while the Other category saw a remarkable subscription of 373.66 times during the public issue.

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Koura Fine Diamond Jewelry Ltd specializes in wholesaling gold and diamond jewellery with a focus on B2B transactions. Offering a diverse range of products, including 22 Karat Gold and 18 Karat Diamond jewellery, the company is led by promoter Mr. Kamlesh Keshavlal Lodhiya, boasting over two decades of experience in the industry. It sources finished jewellery from artisans nationwide and also provides raw materials for jewellery making.

Koura Fine Diamond Jewelry Limited’s IPO aims to allocate INR 4.50 crores for working capital needs and the remaining funds for general corporate purposes, covering strategic initiatives, acquisitions, and operational expenses.

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