Koura Fine Diamond Jewelry Limited IPO is set to launch on 6 March, 2024. The company initiated its business operations in the year 2022. It is a wholesaler of diamond and gold jewellery. The product line of the company has 18 Karat Diamond jewellery and 22 carat gold jewellery. Its jewelleries are certified by Hallmark. It also obtains a certificate from BIS with 91.6% certifications for 22 carat gold. The certification for diamond jewellery is obtained from Gemological Institute of India with 75% certification of 18 karat diamond jewellery. It operates in 2 states namely Orissa dn Gujarat. It has an employee base of 8 people.
Koura Fine Diamond Jewelry Limited IPO DETAILS
Koura Fine Diamond Jewelry Limited IPO is set to launch on 6 March, 2024. The subscription timeline extends till 11 March, 2024. The size for the IPO is 5.50 Crore Rs. Shares issued through fresh issue mode are worth Rs 5.50 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 55 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of Koura Fine Diamond Jewelry Limited IPO
| IPO OPENING DATE | 6 March, 2024 |
| CLOSING DATE FOR IPO | 11 March, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 55 Rs per share |
| LOT SIZE | 2000 shares |
| MINIMUM ORDER QUANTITY | 2000 shares |
| ISSUE SIZE | 5.50 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 5.50 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 14 March, 2023 |
Koura Fine Diamond Jewelry Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 6 March, 2024 |
| CLOSING DATE FOR IPO | 11 March, 2024 |
| IPO ALLOTMENT DATE | 12 March, 2024 |
| REFUNDS | 13 March, 2024 |
| DEMAT A/C CREDITED ON | 13 March, 2024 |
| IPO LISTING DATE | 14 March, 2024 |
Koura Fine Diamond Jewelry Limited IPO begins for subscription from 6 March, 2024. The IPO subscription would continue till 11 March, 2024. The allotment status for the shareholders who applied would come on 12 March, 2024. The refunds for the ones who did not get allotment would be initiated on 13 March, 2024. The DEMAT accounts of shareholders would be credited on 13 March, 2024. The listing of the company would be completed on 14 March, 2024.
Koura Fine Diamond Jewelry Limited IPO: Lead Managers
The lead managers are :
- GYR Capital Advisors Private Limited
The minimum lot size for the company is decided at 2000 shares. This holding accounts to 110000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 220000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 2000 shares | 110000 Rs. |
| Maximum | 4000 shares | 220000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | September 2023 | March 2023 | |
| Asset | 352 | 327 | |
| Revenue | 601 | 556 | |
| PAT | 17 | 13 |
Koura Fine Diamond Jewelry Limited had an asset base of 327 Lakh Rs in the year 2023. Thai income increased to 352 Lakh rs till September 2023. The revenge of the firm in the year 2023 was 556 Lakh Rs. This increased to 601 Lakh Rs till September 2023. The profit of the firm was 13 Lakh Rs in the year 2023. This boosted to 17 Lakh Rs till the September 2023 date. Hence with 6 months to go for current financial year the company already surpassed the financials that it achieved so far in the year 2023.
PROS
- The product line of the company has 18 Karat Diamond jewellery and 22 carat gold jewellery.
- Its jewelleries are certified by Hallmark.
- It also obtains a certificate from BIS with 91.6% certifications for 22 carat gold.
- The certification for diamond jewellery is obtained from Gemological Institute of India with 75% certification of 18 karat diamond jewellery.
- It operates in 2 states namely Orissa dn Gujarat. It has an employee base of 8 people.
Koura Fine Diamond Jewelry Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Koura Fine Diamond Jewelry Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
