Kabra Jewels Ltd, a prominent player in the retail jewellery sector, is set to launch its Initial Public Offering (IPO) on the NSE SME platform. Here are the key details:

IPO Details:

• Issue Period: January 15 to January 17, 2025.
• Issue Size: ₹40 crore, comprising a fresh issue of 31.25 lakh equity shares.
• Price Band: ₹121 to ₹128 per equity share.
• Lot Size: 1,000 shares, requiring a minimum investment of ₹128,000.
• Listing Date: Expected on January 22, 2025, on the NSE SME platform.

Subscription Details:

The IPO is structured as a book-built issue with the following reservation:

• Anchor Investors: 8,49,000 shares (27.17%)
• Market Makers: 2,90,000 shares (9.28%)
• Non-Institutional Investors (NIIs): 4,26,000 shares (13.63%)
• Qualified Institutional Buyers (QIBs): 5,67,000 shares (18.14%)
• Retail Individual Investors (RIIs): 9,93,000 shares (31.78%)

Company Overview:

Established in 2010, Kabra Jewels Ltd operates in the retail jewellery sector, offering a diverse range of gold, diamond, and silver ornaments. The company also provides gold and silver coins, utensils, and other artifacts. Their exclusive creations are marketed under the brand name “KK Jewels.” As of the date of the Red Herring Prospectus (RHP), the company operates six showrooms in Ahmedabad, Gujarat, under various brand names, including KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi, and KK Jewels – Silver Studio.

Financial Highlights:

• Revenue (FY 2024): ₹127.9 crore, a 54.16% increase from ₹82.96 crore in FY 2023.
• Profit After Tax (FY 2024): ₹6.3 crore, a 151.6% increase from ₹2.5 crore in FY 2023.

Utilization of Funds:

Proceeds from the IPO are planned for:

• Repayment of Borrowings: To reduce existing debt.
• Working Capital Requirements: To support operational needs.
• General Corporate Purposes: For business expansion and other corporate activities.

For more detailed information, you may refer to the official prospectus and financial reports of Kabra Jewels Ltd.