Kabra Jewels IPO Closed
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Schedule of Kabra Jewels
| Issue open date | 15 Jan 2025 |
| Issue close date | 17 Jan 2025 |
| UPI mandate deadline | 17 Jan 2025 (5 PM) |
| Allotment finalization | 20 Jan 2025 |
| Refund initiation | 21 Jan 2025 |
| Share credit | 21 Jan 2025 |
| Listing date | 22 Jan 2025 |
| Mandate end date | 01 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 19 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 20 Apr 2025 |
Note: The schedule is tentative. 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. The allotment status can be checked on the registrar's website and the exchange website.
About Kabra Jewels
Kabra Jewels Limited, established in 2010 as “KK Jewels” by first-generation jeweler Mr. Kailash Kabra, specializes in designing and retailing exquisite gold, diamond, and silver jewelry. Initially incorporated as a private limited company, the firm transitioned to a public limited company in 2024. Operating six showrooms under the “KK Jewels” brand in Ahmedabad, Gujarat, the company offers an extensive range of ornaments, including wedding collections, coins, utensils, and artifacts. With a strong focus on design innovation, quality craftsmanship, and customer preferences, Kabra Jewels has become a trusted name in the Indian jewelry retail sector.
Financials of Kabra Jewels
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹40 crores |
| Fresh Issue | ₹40 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment of borrowings | 10.00 (25%) |
| Working capital requirements | 22.00 (55%) |
| General corporate purposes | 8.00 (20%) |
Strengths
- Established brand presence in the jewellery retail sector with a strong customer base.
- Expertise in designing innovative, customer-centric jewellery collections.
- Operates multiple showrooms under distinct sub-brands to cater to diverse customer preferences.
Risks
- High dependency on market trends and consumer preferences in the jewellery sector.
- Significant financial obligations due to borrowings impact financial stability.
- Exposure to fluctuations in gold and diamond prices, affecting profitability.
Allotment Status for Kabra Jewels
To check your allotment status – click here.
Subscription Figures for Kabra Jewels
Subscription numbers as of 5:00 PM on 17 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.67 | 876.17 | 154.52x |
| HNI (₹2L+) | 4.26 | 2375.29 | 557.57x |
| Retail (upto ₹2L) | 9.93 | 3822.09 | 384.90x |
| Total | 31.25 | 7073.55 | 226.35x |