The Kenvi Jewels IPO date was confirmed on February 2, 2018, and ended on February 7, 2018. Read the post to learn about Kenvi Jewels Limited IPO GMP.
Kenvi Jewels is seeking to raise Rs 6.70 crores through an IPO. The price is ₹36 per share. The minimum lot size is 3000 shares. The minimum investment for retail investors is ₹108,000.
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Key Details Of Kenvi Jewels Limited IPO:
Bidding Dates
February 2-7
Price Range
₹36 per share
Face Value
₹10 per share
GMP
₹8.05
Kenvi Jewels IPO GMP
The Kenvi Jewels Limited IPO GMP Today is ₹8.05.
Kenvi Jewels IPO Overview
The Kenvi Jewels IPO has a fixed price of Rs 6.70 crores. Bidding for the initial public offering (IPO) began on February 2, 2018, and finished on February 7, 2018. The allotment for the IPO was completed on Monday, February 12, 2018. On February 16, 2018, the shares were listed on the BSE SME. The IPO price for Kenvi Jewels is Rs 36 per share.
An application requires a lot size of 3000 shares, and retail investors must make a minimum investment of ₹100,000. KJL sells its jewellery under the brand name Suvarnakrupa. It sources raw materials from Ahmedabad’s bullion market and local marketplaces, which were subsequently created and sculpted into gold jewellery.
Kenvi Jewels IPO Details
| IPO Date | February 2, 2018 to February 7, 2018 |
| Listing Date | February 16, 2018 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,860,000 shares (aggregating up to ₹6.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 93,000 shares |
Kenvi Jewels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
Kenvi Jewels IPO Timeline
| IPO Open Date | Friday, February 2, 2018 |
| IPO Close Date | Wednesday, February 7, 2018 |
| Basis of Allotment | Monday, February 12, 2018 |
| Initiation of Refunds | Wednesday, February 14, 2018 |
| Credit of Shares to Demat | Wednesday, February 14, 2018 |
| Listing Date | Friday, February 16, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2018 |
Company Profile
Kenvi Jewels Ltd (KJL), founded in 2013, is an Ahmedabad-based company that manufactures and sells jewellery. The company also deals in wholesale and gold jewellery trading. Kenvi Jewels sells gold jewellery encrusted with diamonds and precious and semi-precious stones. Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet, and Bangles are among the company’s product offerings. Kenvi Jewels conducts its retail business from
its shop in Odhav, Ahmedabad.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Kenvi Jewels Limited |
| Phone number | +91 79 22973199, 22891099 |
| Email ID | [email protected] |
| Website | kenvijewels.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Kenvi Jewels IPO FAQs
When Kenvi Jewels IPO will open?
The Kenvi Jewels IPO opens on February 2, 2018 and closes on February 7, 2018.
What is the lot size of Kenvi Jewels IPO?
Kenvi Jewels IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
When is Kenvi Jewels IPO listing date?
The Kenvi Jewels IPO listing date is on February 16, 2018.
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