The Koura Fine Diamond Jewelry IPO date has been confirmed from March 6, 2024, and closes on March 11, 2024. Read the post to learn about Koura Fine Diamond Jewelry IPO GMP.
The Koura Fine Diamond Jewelry IPO has been launched as a fixed price offering amounting to Rs 5.50 crores. The IPO price for Koura Fine Diamond Jewelry Developers stands at ₹55 per share. The smallest allowable application size is 2000 Shares. Retail investors must invest a minimum of ₹110,000. For High Net Worth Individuals (HNIs), the minimum investment size is ₹220,000, representing 2 lots or 4,000 shares.
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Key Details Of Koura Fine Diamond Jewelry IPO:
Bidding Dates
March 6-11
Price Range
₹55 per share
Face Value
₹10 per share
GMP
₹60
Koura Fine Diamond Jewelry IPO GMP
The Koura Fine Diamond Jewelry IPO GMP Today is ₹60.
Koura Fine Diamond Jewelry IPO Overview
Koura Fine Diamond Jewellery’s IPO offers a fixed-price option of Rs 5.50 crore. The 10 lakh shares are fresh offer marking a new venture. Save the dates! The Koura Fine Diamond Jewellery IPO submission period is March 6 to March 11, 2024. The allocation procedure for Koura Fine Diamond Jewellery’s first public offering will be completed by Tuesday, March 12, 2024. The anticipated listing date for Koura Fine Diamond Jewelry’s IPO on the BSE SME market is Thursday, March 14, 2024.
Each share of Koura Fine Diamond Jewelry’s IPO costs ₹55. Koura Fine Diamond Jewelry IPO GMP Today is ₹60. You must have at least 2000 shares in your lot size to apply. Retail investors must commit a minimum investment of ₹110,000. HNIs must commit a minimum investment of 2 lots, comprising 4,000 shares, valued at ₹220,000.
Koura Fine Diamond Jewelry IPO Details
| IPO Date | March 6, 2024 to March 11, 2024 |
| Listing Date | 14-Mar-2024 |
| Face Value | ₹10 per share |
| Price | ₹55 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,000,000 shares (aggregating up to ₹5.50 Cr) |
| Fresh Issue | 1,000,000 shares (aggregating up to ₹5.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,601,500 |
| Share holding post issue | 3,601,500 |
| Market Maker portion | 70,000 shares |
Koura Fine Diamond Jewelry Limited Financial Information
| 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 | ||
Koura Fine Diamond Jewelry IPO Timeline
| IPO Open Date | Wednesday, March 6, 2024 |
| IPO Close Date | Monday, March 11, 2024 |
| Basis of Allotment | Tuesday, March 12, 2024 |
| Initiation of Refunds | Wednesday, March 13, 2024 |
| Credit of Shares to Demat | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 11, 2024 |
Company Profile
Established in March 2022, Koura Fine Diamond Jewellery Limited specialises in wholesaling exquisite gold and diamond jewellery. The corporation specialises in the retail of 22 Karat gold and 18 Karat diamond jewellery. The corporation specializes solely in the distribution of Hallmark-approved jewelry. Certifications for gold jewellery, precisely 22 Karat items, are garnered by the company from the Bureau of Indian Standards (BIS) at a rate of 91.6%. Similarly, the company achieves certification for 18 Karat diamond jewellery, with a 75% success rate from the International Gemmological Institute, India. The company has successfully operated in Gujarat and Odisha, both in the western
and eastern regions. As of December 31, 2023, the company had a total of 08 employees across several departments.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Koura Fine Diamond Jewelry Limited |
| Phone number | +91 7016302567 |
| Email ID | [email protected] |
| Website | kouradiamondjewelry.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.
Koura Fine Diamond Jewelry IPO FAQs
When Koura Fine Diamond Jewelry IPO will open?
The Koura Fine Diamond Jewelry IPO opens on March 6, 2024 and closes on March 11, 2024.
What is the lot size of Koura Fine Diamond Jewelry IPO?
Koura Fine Diamond Jewelry IPO lot size is 2000 Shares, and the minimum amount required is ₹110,000.
When is Koura Fine Diamond Jewelry IPO allotment?
The finalization of Basis of Allotment for Koura Fine Diamond Jewelry IPO will be done on Tuesday, March 12, 2024, and the allotted shares will be credited to your demat account by Wednesday, March 13, 2024.
When is Koura Fine Diamond Jewelry IPO listing date?
The Koura Fine Diamond Jewelry IPO listing date is not yet announced. The tentative date of Koura Fine Diamond Jewelry IPO listing is Thursday, March 14, 2024.
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