The Kenvi Jewels IPO date has been confirmed from February 2, 2018 and ended on February 7, 2018.
Using an IPO, Kenvi Jewels is seeking to raise Rs 6.70 crores. Its price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
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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 is ₹8.05.
IPO Overview
The Kenvi Jewels IPO has a fixed price of Rs 6.70 crores. Bidding for Kenvi Jewels’ initial public offering (IPO) began on February 2, 2018 and finished on February 7, 2018. On Monday, February 12, 2018, the allotment for Kenvi Jewels IPO was completed. On February 16, 2018, the shares were listed on the BSE SME. The IPO price for Kenvi Jewels is 36 per share.
A lot size of 3000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000. KJL sells its jewellery under the brand name ‘Suvarnakrupa’. KJL sources its raw materials from Ahmedabad’s bullion market and local marketplaces, which are 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 dealt in gold jewellery wholesale and trading. Kenvi Jewels sells gold jewellery encrusted with diamonds, 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 | kenvijewels.ipo@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Kenvi Jewels Limited |
| Phone number | +91 79 22973199, 22891099 |
| Email ID | compliance.kjl@gmail.com |
| Website | kenvijewels.com |
IPO Strenghts
- 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.
