About Koura Fine Diamond Jewelry Limited
Koura Fine Diamond Jewelry Limited is launching its IPO. The IPO opens for subscription on 6th March 2024 and will close on 11th March 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Koura Fine Diamond Jewelry Limited do?
Koura Fine Diamond was incorporated as a sole proprietorship firm “M/s Aurum Jewels” in 2017 and subsequently converted into a company in 2023. The company is engaged in the wholesale business of gold and diamond jewellery. With a B2B business model, the company’s product portfolio consists of selling a wide range of jewellery products, including gold and diamond jewellery. It deals in 22-karat and 18-karat gold jewellery.
The company deals only in jewellery certified by Hallmark; for gold jewellery, the company gets it certified by the Bureau of Indian Standards (BIS) and 91.6% certifications for 22 Karat and International Gemological Institute, India, and (BIS) 75% certifications for 18 Karat diamond jewelry.
Schedule/Timeline of Koura Fine Diamond Jewelry Limited IPO
| Issue Period | 6th March to 11th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | March 12, 2024 |
| Initiation of Refunds | March 13, 2024 |
| Credit of Shares | March 13, 2024 |
| Date of Listing | March 14, 2024 |
| Mandate end date | March 26, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 12, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 12, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Koura Fine Diamond Jewelry Limited IPO?
You can apply for the Koura Fine Diamond Jewelry Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Koura Fine Diamond Jewelry Limited IPO?
You can check the allotment status for the Koura Fine Diamond Jewelry Limited IPO on the website of the Registrar and Transfer agent.