Koura Fine Diamond Jewelry IPO is planning to raise ₹5.50 Cr. through its IPO and fresh issue of 10 lakh shares.
Subscription opened on 06 March, 2024 and closed on 11 March, 2024. The allotment result is expected on Tuesday, 12 March, 2024. The listing date on BSE and NSE is scheduled for Thursday, 14 Mar,2024.
The share prices is ₹65.Retail investors need a minimum investment of ₹110,000 for a lot size of 2000 shares. For HNI, the minimum lot size investment is 2 lots (4,000 shares), amounting to ₹220,000.
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IPO GMP
Today, the Gray Market Premium (GMP) for IPO Koura Fine is ₹60. After the allotment is announced, you can check your status on the website: https://rti.kfintech.com/ipostatus/
For more information about the Koura Fine IPO GMP, please read our blog here.
IPO Details
| Date | 6 Mar 2024 to 11 Mar 2024 |
| Listing Date | 14 Mar, 2024 |
| Price Band | ₹55 |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,000,000 shares (around ₹5.50 Cr) |
| Fresh Issue | 1,000,000 shares (around ₹5.50 Cr) |
| Share holding pre issue | 2,601,500 |
| Share holding post issue | 3,601,500 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹110,000 |
| Retail (Max) | 1 | 2000 | ₹110,000 |
| HNI (Min) | 2 | 4000 | ₹220,000 |
IPO Timeline
| IPO Open Date | 06 Mar 2024 |
| IPO Close Date | 11 Mar 2024 |
| Basis of Allotment | 12 Mar 2024 |
| Initiation of Refunds | 13 Mar 2024 |
| Credit of Shares to Demat | 13 Mar 2024 |
| Listing Date | 14 Mar 2024 |
| Cut-off time for UPI mandate | 11 Mar 2024 (5 PM) |
IPO Reservation Quota
| Investor Type | Shares Offered (%) |
|---|---|
| Anchor Investor Quota | – |
| Market Maker | 7.00% |
| Others | 46.40% |
| Retail Quota | 46.60 |
| Total Shares | 100% |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 6.13% |
| ROCE | 7.64% |
| Debt/Equity | 0.17 |
| RoNW | 5.95% |
| P/BV | 5 |
IPO Financial Information ( Value in ₹ Cr. )
| Period Ended | Sep 2023 | 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 |
IPO Objectives
- To meet the everyday financial needs of the company.
- General corporate purposes.
FAQs
Today, the Gray Market Premium for IPO is ₹60.
The expected return for the IPO today is 109.09%.
The start date for applying to the IPO is 06 Mar, 2024.
The end date for applying to the IPO is 11 Mar 2024.
The allotment date for the IPO is 12 Mar, 2024.
The listing date for the IPO is 14 Mar 2024.
You can check the allotment status at https://rti.kfintech.com/ipostatus/