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 Developers 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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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.
IPO Overview
Koura Fine Diamond Jewellery’s IPO offers a fixed-price option, amounting to Rs 5.50 crore. The 10 lakh shares are fresh offer marking a new venture. Save the dates! The subscription period for the Koura Fine Diamond Jewellery IPO spans from March 6th to March 11th, 2024. Completion of the allocation process for the Koura Fine Diamond Jewellery IPO is anticipated by Tuesday, March 12, 2024. Thursday, March 14, 2024, is the tentative listing date for Koura Fine Diamond Jewelry’s IPO on the BSE SME market.
Each share of Koura Fine Diamond Jewelry’s IPO is priced at ₹55. Koura Fine Diamond Jewelry IPO GMP Today is ₹60. To apply, you must have at least 2000 shares in your lot size. 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 specializes in wholesaling exquisite gold and diamond jewellery. The corporation specializes in the retail of 22 Karat gold and 18 Karat diamond jewelry. The corporation specializes solely in the distribution of Hallmark-approved jewelry. Certifications for gold jewelry, specifically 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 jewelry, 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 31st, 2023, the company had a total of 08 employees across several departments.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | ccl.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Koura Fine Diamond Jewelry Limited |
| Phone number | +91 7016302567 |
| Email ID | Info@kouradiamondjewelry.com |
| 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.
