Khazanchi Jewellers IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Khazanchi Jewellers IPO will open on July 24 and close on July 28, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 97 crores through this public offering, consisting of 69.10 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 140 per share.
Khazanchi Jewellers Limited (“the Company”)
Khazanchi Jewellers Limited was incorporated in 1996. The company is a prominent player in the Indian jewelry industry, with a strong presence in both the wholesale and retail sectors. They specialize in producing and selling a wide range of jewelry products, including gold jewelry, diamond jewelry, precious stones, and other fancy jewelry and bullion in the form of coins and bars. Its jewelry business has a rich history spanning over three decades in the Indian jewelry industry.
As of this Draft Prospectus, company have one showroom at No. 130, NSC Bose Road, Sowcarpet, Chennai 600079, Tamil Nadu, India. They intend to establish one more showroom at 286, NSC Bose Road, Sowcarpet, Chennai 600079.
The company holds a BIS Hallmark Certificate, a qualified jeweler to carry out transactions on the IIBX (India International Bullion Exchange IFSC Limited) platform to import gold and an import-export certificate.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 7.62 per Equity Share |
| ROE | 20.98% |
| ROCE | 18.91% |
| Return on Net Worth (RoNW) | 20.98% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To finance the establishment of the new showroom in Chennai, Tamil Nadu (a) Capital Expenditure for the New Showroom; (b) Inventory Cost for the New Showroom
- To augment the working capital requirements of the existing operations and
- For general corporate purposes
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 3,605 | 2,872 | 2,545 | 2,269 |
| Total Assets | 14,507 | 12,436 | 11,320 | 10,380 |
| Reserve & Surplus | 2,612 | 1,878 | 1,552 | 1,276 |
| Total Borrowings | 8,462 | 8,412 | 7,480 | 7,786 |
| Total Revenue | 48,182 | 25,800 | 38,243 | 36,165 |
| Profit After Tax | 756 | 327 | 276 | 231 |
IPO details
As per the DRHP filed with SEBI, 69.10 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 346,000 shares of the offering. While Mark Corporate Advisors Private Limited will be the lead manager for the IPO, Cameo Corporate Services Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 140 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,000 shares |
| Issue Size | 6,910,000 shares (aggregating up to ₹ 97 crores) |
| Fresh Issue | 6,910,000 shares (aggregating up to ₹ 96.74 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker | SVCM Securities |
| Market maker portion | 346,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net issue |
| Retail shares offered | 50% of the net issue |
GMP: Khazanchi Jewellers IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Khazanchi Jewellers IPO
The issue opens for subscription on July 24, 2023, and closes for subscription on July 28, 2023 (both days inclusive). The basis of allotment will be finalised on August 2, 2023, and the refunds will be initiated on August 3, 2023. In addition, the demat credits are expected to happen on August 4, 2023, and the stock will be listed on the BSE SME on August 7, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 24, 2023, |
| Closing Date | July 28, 2023 |
| Basis of Allotment | August 2, 2023 |
| Initiation of Refunds | August 3, 2023 |
| A credit of shares to Demat A/c | August 4, 2023 |
| Listing Date | August 7, 2023 |
Lot Size
The lot size of the Khazanchi Jewellers IPO is 1,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,000 shares of ₹ 140,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,000 | ₹ 140,000 |
| Retail (Maximum) | 1 | 1,000 | ₹ 140,000 |
| HNI (Minimum) | 2 | 2,000 | ₹ 280,000 |
Promoters Holdings
Mr. Tarachand Mehta and Mr. Goutham are the promoters of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Khazanchi Jewellers Limited No: 130, NSC Bose Road, Sowcarpet,Chennai-600 079 Phone: +91 44 4201 5915 Email: info@khazanchi.co.in Website: http://www.khazanchi.co.in/ |
| IPO Registrar | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
| IPO Lead Manager(s) | Mark Corporate Advisors Private Limited |
FAQs
What is Khazanchi Jewellers’s IPO price?
The Khazanchi Jewellers IPO price is ₹ 140 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Khazanchi Jewellers IPO contains 1,000 shares of ₹ 140,000.
When will the Khazanchi Jewellers IPO allotment be available?
The finalisation of the basis of allotment for the Khazanchi Jewellers IPO will be done on August 2, 2023, and the allotted shares will be credited to your demat account by August 4, 2023. Check the Khazanchi Jewellers IPO allotment status.
When will the Khazanchi Jewellers IPO list on exchanges?
The Khazanchi Jewellers IPO shares listing date is August 7, 2023.
