Khazanchi Jewellers GMP IPO Details
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Khazanchi Jewellers Limited, established in 1996, holds a prominent position in the thriving Indian Jewellery Industry. This well-established company boasts a strong presence in both the wholesale and retail sectors.
The core specialization of Khazanchi Jewellers lies in the production and sale of a diverse array of jewelry products. Their offerings encompass exquisite gold and diamond jewelry, precious stones, and a captivating assortment of fancy jewelry. Additionally, they deal in bullion in the form of coins and bars.
With an illustrious history spanning over three decades in the Indian jewelry industry, Khazanchi Jewellers has garnered a reputation for excellence.
Presently, the company operates a singular showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. However, with the aim of expanding their business, they plan to establish multiple showrooms in the same city, utilizing the funds raised through the IPO.
Khazanchi Jewellers boasts a commendable financial track record in recent years. For the financial years 2020, 2021, and 2022, the company reported a PAT (Profit After Tax) of Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- The Company aims to secure funds to support the establishment of a new showroom in Chennai, Tamil Nadu. This allocation will be utilized for the following purposes:
Capital Expenditure: The funds will be invested in the necessary infrastructure and facilities required for setting up the new showroom.
Inventory Cost: The allocated funds will be used to procure the initial inventory for stocking the new showroom with a wide range of jewelry products and related items. - To strengthen the working capital requirements of the current operations and
- For general corporate purposes
Khazanchi Jewellers IPO Details
IPO Date | Jul 24, 2023 to Jul 28, 2023 |
Listing Date | Aug 07, 2023 |
Face Value | ₹10 per share |
Price | ₹140 per share |
Lot Size | 1000 Shares |
Total Issue Size | 6,910,000 shares (aggregating up to ₹97.00 Cr) |
Fresh Issue | 6,910,000 shares (aggregating up to ₹96.74 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 17,836,900 |
Share holding post issue | 24,746,900 |
Market Maker portion | 346,000 shares Svcm Securities |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Allotment Check: | Click Here |
Khazanchi Jewellers IPO Reservation
Other Shares Offered | 50% of the Net Issue |
Retail Shares Offered | 50% of the Net Issue |
Khazanchi Jewellers IPO Lot Size
The Khazanchi Jewellers IPO lot size is 1000 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1000 | ₹140,000 |
Retail (Max) | 1 | 1000 | ₹140,000 |
HNI (Min) | 2 | 2,000 | ₹280,000 |
Khazanchi Jewellers Limited IPO Timetable (Tentative)
Khazanchi Jewellers IPO opens on Jul 24, 2023, and closes on Jul 28, 2023.
Event | Tentative Date |
---|---|
Opening Date | Monday, 24 July 2023 |
Closing Date | Friday, 28 July 2023 |
Basis of Allotment | Wednesday, 2 August 2023 |
Initiation of Refunds | Thursday, 3 August 2023 |
Credit of Shares to Demat | Friday, 4 August 2023 |
Listing Date | Monday, 7 August 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on Jul 28, 2023 |
Khazanchi Jewellers Limited Company Financial Report
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
31-Mar-20 | 10,379.93 | 36,165.36 | 230.71 | 2,269.33 | 1,276.21 | 7,786.00 |
31-Mar-21 | 11,319.79 | 38,242.89 | 275.58 | 2,544.91 | 1,551.79 | 7,480.12 |
31-Mar-22 | 12,436.20 | 25,799.75 | 326.62 | 2,871.53 | 1,878.41 | 8,412.38 |
31-Mar-23 | 14,506.80 | 48,181.65 | 756.49 | 3,604.99 | 2,611.87 | 8,462.47 |
Amount in ₹ Lakhs |
Company Contact Information
Khazanchi Jewellers Limited
No: 130,
NSC Bose Road, Sowcarpet,
Chennai-600 079
Phone: +91 44 4201 5915
Email: info@khazanchi.co.in
Website: http://www.khazanchi.co.in/
Khazanchi Jewellers IPO Registrar
Name: Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Khazanchi Jewellers IPO FAQs
What is Khazanchi Jewellers IPO?
Khazanchi Jewellers IPO is a Small and Medium Enterprise (SME) IPO offering 6,910,000 equity shares with a face value of ₹10, aggregating up to ₹97.00 Crores. The issue is priced at ₹140 per share, and the minimum order quantity is 1000 Shares.
How to apply in Khazanchi Jewellers IPO through Zerodha?
Zerodha customers can apply for Khazanchi Jewellers IPO online using UPI as the payment gateway. To do this, they need to log in to Zerodha Console (back office) and submit the IPO application form.
Here are the steps to apply for Khazanchi Jewellers IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click the IPOs link.
3. Find the ‘Khazanchi Jewellers IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does Khazanchi Jewellers IPO open?
Khazanchi Jewellers IPO opens on Jul 24, 2023, and closes on Jul 28, 2023.
What is the lot size of Khazanchi Jewellers IPO?
The lot size for Khazanchi Jewellers IPO is 1000 Shares, and the minimum order quantity is unspecified.
How to apply for Khazanchi Jewellers IPO?
You can apply for Khazanchi Jewellers IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Khazanchi Jewellers IPO allotment?
The finalization of the Basis of Allotment for Khazanchi Jewellers IPO will be done on Wednesday, 2 August 2023, and the allotted shares will be credited to your demat account by Friday, 4 August 2023. You can check the Khazanchi Jewellers IPO allotment status.
When is Khazanchi Jewellers IPO listing date?
The listing date for Khazanchi Jewellers IPO is yet to be announced. The tentative date for Khazanchi Jewellers IPO listing is Monday, 7 August 2023.