KOURA FINE DIAMOND JEWELRY (BSE SME)
Mar 6, 2024 - Mar 11, 2024
| Price | ₹55 - ₹55 |
| Premium | ₹60 |
|---|---|
| Lot size | 2000 |
| Allotment | Mar 13, 2024 |
| Listing | Mar 14, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 110000 | 233 |
| HNI | 2 | 4000 | 220000 | 232 |
Last updated on 11 Mar 2024 | 05:56:00 PM
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 464000 | 176634000 | 380.68 |
| Retail | 466000 | 505134000 | 1083.98 |
| Total | 930000 | 681768000 | 733.08 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹28.11 | @8% ₹32.12 | @9% ₹36.14 | @10% ₹40.15 | @11% ₹44.17 | @12% ₹48.18 |
Koura Fine Diamond Jewelry IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 46.6% | 466000 |
| NII (HNI) | 46.4% | 464000 |
| Market Maker | 7% | 70000 |
| Total | 100% | 1000000 |
Koura Fine Diamond Jewelry Limited, established on March 25, 2022, is a relatively young Public Limited Company headquartered at 304, Iscon Emporium, Satellite, Ahmedabad, Gujarat. Specializing in the manufacturing of diamonds and other precious and semiprecious stones, including industrial quality stones and synthetic or reconstructed variants, the company operates primarily from its unit in Ahmedabad, Gujarat. Despite its recent inception, Koura Fine Diamond Jewelry Limited has already made strides in the jewelry industry, positioning itself as a micro-enterprise during the financial year 2021-22. With a focus on craftsmanship and quality, the company is poised to further establish its presence in the market, offering exquisite fine diamond jewelry to its clientele.
Koura Fine Diamond Jewelry IPO Details
| IPO Date | March 6, 2024 to March 11, 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 Giriraj stock broking |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 |
|---|---|---|
| ROE | 5.95% | 4.98% |
| ROCE | 7.64% | 6.63% |
| RONW | 5.95% | 6.74% |
| D/E | 0.19 | 0.17 |
| EPS (basic & diluted) | 0.65 | 55.84 |
| P/E | 106.7 |
Koura Fine Diamond Jewelry Limited Financial Information (Restated)
| 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 | ||
Strength Factors
Experienced Management Team: The presence of an experienced management team with deep domain knowledge suggests strong leadership capable of steering the company towards growth and expansion into new opportunities.
Wide Product Portfolio: The diverse range of products offered by Koura Fine Diamond Jewelry Limited indicates its ability to cater to the needs of various customers across the industry, enhancing its competitiveness and market presence.
Dedicated Technical & Functional Team: Having a dedicated team to provide solutions to customers demonstrates a commitment to customer satisfaction and the ability to address technical and functional challenges effectively.
Extensive Sales and Distribution Network: An extensive sales and distribution network implies a wide reach and accessibility to customers, facilitating market penetration and increased sales potential.
Experience in Handling Large & Complex Projects: The company's experience in handling large and complex projects signifies its capability to manage high-volume orders or intricate assignments efficiently, instilling confidence in its ability to deliver on challenging endeavors.
Risk Factors
Limited Operating History: With limited operating history as a newly incorporated company, investors may face challenges in evaluating historical performance and forecasting future prospects, leading to uncertainty regarding the company's stability and growth potential.
Dependency on Promoter and Key Personnel: The Company’s heavy reliance on its promoter, senior management, directors, and key personnel for success poses a significant risk. The loss of any of these individuals could severely impair the company's ability to manage and expand its business efficiently, leading to disruptions in operations and potential loss of investor confidence.
Inability to Adapt to Market Trends: The Company may face challenges in responding to changes in consumer demands and market trends in a timely manner. Failure to identify, originate, and define product and market trends, or to anticipate and react to rapidly changing consumer demands, could result in loss of market share and competitiveness.
Seasonal Fluctuations: Koura Fine Diamond Jewelry Limited's income and sales are subject to seasonal fluctuations, with lower income during peak seasons potentially having a disproportionate effect on its results of operation. Such fluctuations could lead to volatility in financial performance and cash flow, impacting the company's ability to meet its financial obligations and maintain profitability.
Competition and Market Risks: The jewelry industry is highly competitive, with numerous players vying for market share. Koura Fine Diamond Jewelry Limited may face intense competition from both domestic and international competitors, which could impact its pricing power, market position, and profitability. Additionally, market risks such as changes in consumer preferences, economic conditions, and regulatory environments could also pose challenges to the company's growth and sustainability.
GYR Capital Advisors Private Limited
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Kfin Technologies Limited
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Phone: 04067162222, 04079611000