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SME IPO Status: Listed [6th Mar 2024 to 11th Mar 2024]
Koura Fine Diamond Jewelry IPO, a SME IPO of ₹5.50 Cr was launced on 06-03-2024 to 11-03-2024 and the shares got listed on BSE SME on 14-03-2024.
The public issue of Koura Fine Diamond Jewelry IPO (544139) was offered at ₹55.00 per share and the ipo was listed at ₹75.00. It has delivered listing gain of 36.36%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 40000 per lot return on listing.
| SME IPO Issue Opening Date: | 6th Mar 2024 |
| SME IPO Issue Closing Date: | 11th Mar 2024 |
| SME IPO Issue Price: | ₹55.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹5.50 Cr |
| Fresh Issue: | ₹5.50 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | 72.23% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544139 |
Get important updates regarding Koura Fine Diamond Jewelry SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Mar 2024 |
| Refunds Initiation* | 13th Mar 2024 |
| Credit of Shares to Demat* | 13th Mar 2024 |
| SME IPO Listing Date* | 14th Mar 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹55.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹110000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 14-03-2024 | 55.00 | 60 | 91200 | ₹115 (109.09%) | 14-Mar-2024 10:26 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Koura Fine Diamond Jewellery Limited was founded in March 2022. The company is a jewellery wholesaler in the jewellery industry and has experienced entrepreneurs with more than 20 years of experience. The company supplies jewellery to jewellers, mainly gold and diamond jewellery. Their jewellery is made to order. We deal in two types of jewellery: 22 carat gold jewellery and 18 carat diamond jewellery. We are a well-known and trusted wholesaler of jewellery
It is a well-known and trusted jewellery wholesaler. Since the hallmarking system is required by law, the company only deals in jewellery that is certified with the hallmark. For gold jewellery, they get certifications from Bureau of Indian Standards (BIS) and 91.6% certifications for 22 carat and from International Gemmological Institute, India, and (BIS) 75% certifications for 18 carat diamond jewellery, which they source from there.
The finished jewellery is mainly sourced from artisans across India. The jewellery is made on contract basis in Ahmedabad, Mumbai, Rajkot and Surat.
| Incorporation | Sector | IPO Issue Size | Website |
| 2022 | Gems Jewellery and Watches | ₹5.50 Cr | https://kouradiamondjewelry.com/ |
The company proposes to utilize the funds which are being raised through this Issue ("Net Proceeds") towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 464,000 (49.89%) | 466,000 (50.11%) | 930,000 | |
| 1 | 6th Mar 2024 19:04 | 7.09x | 46.66x | 26.92x |
| 2 | 7th Mar 2024 19:04 | 38.42x | 193.88x | 116.43x |
| 3 | 11th Mar 2024 18:23 | 373.66x | 1,083.98x | 733.01x |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
| Assets | 352.53 | 327.34 |
| Revenue | 601.84 | 556.35 |
| Profit After Tax | 17.01 | 13.41 |
| Net Worth | 286.06 | 269.06 |
| Reserves and Surplus | 25.91 | 221.76 |
| Total Borrowing | 48.84 | 51.80 |
| Amount in ₹ Lakhs | ||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Koura Fine Diamond Jewelry Limited | 55.89 | 55.89 | 56.88 | 6.74 | Consolidated | |
| Ashapuri Gold Ornament Ltd | 0.71 | 0.71 | 33.2 | 107.63 | 2.16 | Consolidated |
| Vaibhav Global Ltd | 6.05 | 6.05 | 72.74 | 49.85 | 8.32 | Consolidated |
| Tribhovandas Bhimji Zaveri Ltd. | 5.95 | 5.95 | 84.07 | 13.24 | 7.07 | Consolidated |
Last Updated on 18-Mar-2024 07:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Koura Fine Diamond Jewelry SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Koura Fine Diamond Jewelry SME IPO with Zerodha.
Alternate approch to apply in Koura Fine Diamond Jewelry SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Koura Fine Diamond Jewelry SME IPO Review and Important Updates
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To subscribe or apply in Koura Fine Diamond Jewelry SME IPO, you can use the following methods:
| Koura Fine Diamond Jewelry SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Koura Fine Diamond Jewelry SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Koura Fine Diamond Jewelry SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Koura Fine Diamond Jewelry SME IPO. Most of the Syndicate Banks provide access to apply in Koura Fine Diamond Jewelry IPO via ASBA process. You must have your net banking access, DP ID information to apply in Koura Fine Diamond Jewelry SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Koura Fine Diamond Jewelry SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Koura Fine Diamond Jewelry SME IPO Review and Important Updates
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Koura Fine Diamond Jewelry SME IPO is going to be list on 14-03-2024. BSE Code for Koura Fine Diamond Jewelry is 544139.
Other relevant questions:
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Koura Fine Diamond Jewelry SME IPO Allotment Date is 12-03-2024.
Other relevant questions:
Koura Fine Diamond Jewelry SME IPO share allotment date?Koura Fine Diamond Jewelry SME IPO allotment date?
