Introduction
Kabra Jewels Limited, a retail jewelry brand, has launched its IPO to fund its growth plans and capitalize on the increasing demand for high-quality jewelry. Investors are keenly watching the IPO for its attractive valuation and growth potential in the retail jewelry market. This article dives deep into the Kabra Jewels IPO, covering its GMP (Grey Market Premium), allotment status, financials, and more.
Kabra Jewels IPO Details
| Dates | 15 January 2025 – 17 January 2025 |
|---|---|
| Price Band | INR 121 – INR 128 per share |
| Lot Size | 1,000 shares (INR 1,28,000) |
| Total Issue Size | INR 37.81 – INR 40.00 crore |
| Fresh Issue | 31,25,000 shares |
| Retail Allocation | 35% |
| Listing | NSE EMERGE |
The IPO consists entirely of a fresh issue, with no Offer for Sale (OFS), signaling that the proceeds will go directly into business expansion and working capital needs.
Financial Highlights
| Metric | FY 2022 | FY 2023 | FY 2024 | 8M FY 2025 |
|---|---|---|---|---|
| Revenue (INR Cr) | 112.08 | 122.27 | 164.00 | 125.28 |
| Net Income (INR Cr) | 5.40 | 4.41 | 9.40 | 8.81 |
| EPS (INR) | 7.34 | 5.99 | 12.70 | – |
| ROCE (%) | 18.26 | 13.62 | 18.23 | – |
The company’s consistent revenue growth and improved margins in FY 2024 make it an attractive option for investors.
Kabra Jewels IPO GMP Today
Grey Market Premium (GMP) indicates the demand for Kabra Jewels IPO in the unlisted market.
| Date | GMP (INR) | Subject to Sauda (INR) |
|---|---|---|
| 17 January 2025 | 95 | 68,000 |
| 16 January 2025 | 83 | 57,000 |
| 15 January 2025 | 60 | 43,000 |
The upward trend in GMP reflects strong interest from retail and NII investors.
Subscription Status
As of the IPO closing date, the subscription numbers across investor categories are as follows:
| Category | Shares Offered | Subscription (x) |
|---|---|---|
| QIB | 5,67,000 | 154.53 |
| NII | 4,26,000 | 557.58 |
| Retail | 9,93,000 | 384.89 |
| Total | 19,86,000 | 356.16 |
The overwhelming response, especially from NIIs, underscores confidence in the company’s growth prospects.
Kabra Jewels Allotment and Listing
- Allotment Date: 20 January 2025
- Refund Initiation: 21 January 2025
- Shares Credited to Demat Accounts: 21 January 2025
- Listing Date: 22 January 2025
Investors can check their allotment status on the Cameo Corporate Services website.
Why Should You Invest in Kabra Jewels IPO?
- Strong Brand Presence
Kabra Jewels operates six exclusive showrooms in Ahmedabad, each offering a diverse product range. - Consistent Financial Growth
The company’s revenue and profit growth in recent years highlight its operational efficiency. - Positive Market Sentiment
High GMP and robust subscription rates reflect investor confidence. - Attractive Valuation
With a P/E ratio of 9.48–10.03, the IPO is attractively priced compared to its peers in the SME segment.
Trending FAQs
Q1. What is the Kabra Jewels IPO price band?
The price band is INR 121–128 per share.
Q2. How can I check the Kabra Jewels IPO allotment status?
You can check the status on Cameo Corporate Services’ official website.
Q3. What is Kabra Jewels’ financial performance?
The company reported revenue of INR 164 crore and a net profit of INR 9.40 crore in FY 2024.
Q4. What is the GMP of Kabra Jewels IPO today?
As of 17 January 2025, the GMP is INR 95 per share.
Q5. When will Kabra Jewels IPO be listed?
The IPO shares will be listed on 22 January 2025.
Conclusion
Kabra Jewels IPO is a promising opportunity for investors seeking exposure to the growing jewelry market in India. With a strong brand presence, consistent financial performance, and positive market sentiment, the IPO is expected to deliver significant returns. However, investors should evaluate their risk tolerance before investing.