On Friday, January 17, the final day of bidding for Kabra Jewels initial public offering, (IPO), ended with a high level of demand. More than 356 times bookings of the NSE SME issue were made by non-institutional investors (NIIs).
At the conclusion of the three-day bidding on Friday, the IPO had received 356.17 subscriptions overall, with applications for over 70.73 crore shares out of the 19.86 lakh shares available.
Subscription across all categories
Over 23.75 crore shares were applied for by NIIs, while only 4.26 lakh shares were reserved for the category. 557.57 bookings of the NIIs quota were made.
Nearly 385 bookings were made for the retail portion of the IPO, with bids totaling over 38.22 crore shares compared to the 9.93 lakh shares available.
154.53 times as many Qualified Institutional Buyers (QIBs) reserved their category, placing bids for over 8.76 crore shares, while only 5.68 lakh shares were allotted.
IPO details
Offer size and structure
The IPO for Kabra Jewels was a brand-new 31.25 lakh share offering. There was no offer-for-sale (OFS) component to the public offer.
Price band and minimum bid
With a face value of Rs 10 per share, the IPO price range was set at Rs 121 to Rs 128. Retail investors had to invest at least Rs 1,28,000 for a single lot, with a minimum lot size of 1,000 shares.
Subscription and listing timeline
The bidding for Kabra Jewels’ initial public offering (IPO) began on January 15, 2025, and ended on January 17, 2025. On Monday, January 20, 2025, the allocation for the Kabra Jewels IPO is anticipated to be finalised.
The tentative listing date for Kabra Jewels’ initial public offering (IPO) on the NSE SME is set for Wednesday, January 22, 2025.
Use of IPO proceedings
The company plans to use the money raised from its initial public offering (IPO) to partially or completely repay some of its debts. Capital expenditures and operational needs will also be financed in part by the IPO proceeds. The remainder will be used for general business needs by the organization.
Company financials
In the current fiscal year, Kabra Jewels’ operating revenue for the period ending in November 2024 was Rs 125.28 crore. Its profit after tax (PAT) for the reviewed period was Rs 8.8 crore.
Revenue for the company climbed from Rs 122.34 crore in FY23 to Rs 164.24 crore in FY24. In FY24, its net profit was Rs 9.4 crore, up from Rs 4.4 crore in the previous fiscal year.
