Koura Fine Diamond Jewelry Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Koura Fine Diamo

CMP

47.80

+0.70 (1.49%)

₹55

Offer Price

₹ 5.50 Cr

Issue Size

₹ 1,10,000

Min Investment

2,000

Lot size

Time Line

  • 06
    Mar 2024
    Open
  • 11
    Mar 2024
    Close
  • 12
    Mar 2024
    Finalisation of Basis of Allotment
  • 13
    Mar 2024
    Initiation of Refunds
  • 13
    Mar 2024
    Transfer of Shares to Demat Account
  • 14
    Mar 2024
    Listing Date

Objects of the Offer

  • Entering the E-Commerce Market.

  • Regional Inclinations.

  • Adherence to Quality and Hallmarking.

Products & Services

  • The Company is engaged in the business of supplying jewelry to retail jewelers, mainly gold and diamond jewelry.

Strengths

  • Experienced Management team having domain knowledge to scale up and expand into new opportunities.

  • Wide product portfolio addressing the needs of varied customers across the industry.

  • Dedicated technical & functional team to provide solutions to its customers.

  • Extensive Sales and distribution network.

  • Experience of handling large & complex projects.

Risks

  • The Company has been recently incorporated and post incorporation has taken-over the running business of M/s Aurum Jewels (Proprietorship firm of its Promoter) thus the company has limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

  • The company is dependent on its Promoter, the company senior management, directors and key personnel of the Company for success whose loss could seriously impair the ability to continue to manage and expand business efficiently.

  • The company sources raw materials from third parties and the quality of its final product may be impacted by the quality of the raw materials supplied by third parties.

  • The company may be unable to respond to changes in consumer demands and market trends in a timely manner. Its success depends on the company ability to identify, originate and define product and market trends, both on a pan-India, international and more local level, as well as to anticipate, gauge and react to rapidly changing consumer demands in a timely manner.

  • The success of the Company mainly depends upon the quality of jewellery its manufacture and sell to the company retailers and its ability to retain the present number of retailers and attract newer retailers. Any failure in retaining or attracting retailers on year-on-year basis and any decline in quality of its jewellery will impact the business and the revenues earned by the Company.

Company Promoters

Promoters Holding

Issue For IPO
99.25%
Pre Holding

99.25%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 0.13 (-) 5.56 (-) 6.74 (-)
Gross Profit 0.13 (-) 5.56 (-) 6.74 (-)
Net Income 0.13 (-) 5.56 (-) 6.74 (-)
Assets 0.13 (-) 5.56 (-) 6.74 (-)
Liabilities 0.13 (-) 5.56 (-) 6.74 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Ashapuri Gold Ornament Ltd 158.01 1.79 90.71 90.71 2.16 0.71 33.01 1.96 0.08
Vaibhav Global Ltd 2,690.91 104.96 1,788.51 1,788.51 8.73 6.29 72.96 5.86 0.10
Tribhovandas Bhimji Zaveri Ltd 2,393.63 40.19 1,475.05 1,475.05 7.17 6.02 83.98 2.72 0.87
Koura Fine Diamond Jewelry Ltd 5.56 0.13 3.21 0.52 6.74 0.00 56.88 51.00 0.16

Book Running Managers

  • GYR Capital Advisors Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

304 Iscon Emporio B/S Star Ind,
Bazar Nr Jodhpur Cross Rd Sate,
Ahmedabad - 380015
Phone : +91 70163 02567 Email : info@kouradiamondjewelry.com www.kouradiamondjewelry.com

Offer Related Information

Public issue of 10,00,000 equity shares of face value Rs. 10 each ("Equity Shares") of Koura Fine Diamond Jewelry Limited ("The Company" or the "Issuer") for cash at a price of Rs. 55 per equity share (including a securities premium of Rs. 45 per equity share) ("Issue Price"), aggregating Rs. 5.50 crores (the "Issue"). 70,000 equity shares aggregating to Rs. 0.39 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker... More

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