Khazanchi Jewellers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Khazanchi Jewell

CMP

415.00

0.00 (0.00%)

₹140

Offer Price

₹ 96.74 Cr

Issue Size

₹ 1,40,000

Min Investment

1,000

Lot size

Time Line

  • 24
    Jul 2023
    Open
  • 28
    Jul 2023
    Close
  • 02
    Aug 2023
    Finalisation of Basis of Allotment
  • 03
    Aug 2023
    Initiation of Refunds
  • 04
    Aug 2023
    Transfer of Shares to Demat Account
  • 07
    Aug 2023
    Listing Date

Objects of the Offer

  • Setting up new showroom to widen its product portfolio and increase its capacity.

  • Increase its customer network in existing markets and enter new geographical markets.

  • Strengthen its Inventory Management practices.

  • Customer Centric Operations.

Products & Services

  • The Company is a prominent player in the Indian jewellery industry, with a strong presence in both wholesale and retail sectors.

Strengths

  • Over 3 decades of experience of Promoters

  • Experienced Management Team

  • Prime Location of its Showroom

  • Wide product range, Design and Innovation

  • Cordial relationship with its customers.

Risks

  • The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities.

  • The non-availability or high cost of quality gold bullion, silver, diamonds and other precious and semi-precious stones may have an adverse effect on its business, results of operations and financial condition.

  • The company Promoters and certain of the directors may have interest in entities, which are engaged in lines of business similar to that of the Company. Any conflict of interest which may occur between its business and the activities undertaken by such entities could adversely affect the company business and prospects.

  • The company business depends on the Promoters and senior management and its ability to attract and retain sales personnel. Any attrition rate of the company senior management may affect its business growth.

  • The company has entered into loan agreements, which contain conditions and restrictions on its operations, additional financing and capital structure.

Company Promoters

Promoters Holding

Issue For IPO
44.29%
Pre Holding

44.29%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 480.66 (0.00%) 7.83 (-) 20.98 (167.90%)
Gross Profit 480.66 (0.00%) 7.83 (-) 20.98 (167.90%)
Net Income 480.66 (0.00%) 7.83 (-) 20.98 (167.90%)
Assets 480.66 (0.00%) 7.83 (-) 20.98 (167.90%)
Liabilities 480.66 (0.00%) 7.83 (-) 20.98 (167.90%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Khazanchi Jewellers Ltd 480.66 7.56 120.89 84.84 20.98 0.00 36.30 5.43 0.70
Deep Diamond India Ltd 7.67 1.26 19.88 19.88 8.52 0.26 3.07 6.31 0.26
Eighty Jewellers Ltd 93.91 1.42 40.27 40.27 5.96 1.90 23.39 3.53 0.41
Moksh Ornaments Ltd 446.59 6.13 79.50 79.50 12.02 1.14 9.50 7.71 0.54

Book Running Managers

  • Mark Corporate Advisors Pvt Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

# 130 NSC Bose Road,
Sowcarper,
Chennai - 600079
Phone : +91 44 4201 5915 Email : info@khazanchi.co.in www.khazanchi.co.in

Offer Related Information

Initial public offering of 69,10,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Khazanchi Jewellers Limited ("Khazanchi" or "The Company" or "The Issuer") for cash at a price of Rs. 140/- per equity share (including a premium of Rs. 130/- per equity share) ("Issue Price") aggregating to Rs. 96.74 crores ("The Issue") of which 3,46,000 equity shares aggregating upto Rs. 4.84 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The... More

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