The Koura Fine Diamond Jewelry will soon go for IPO. Investors looking to invest in jewelry companies can use this opportunity. The Koura Fine Diamond Jewelry IPO opens on 6 March 2024. So, if you are looking for details related to Koura fine Diamond Jewelry IPO from its schedule to its GMP, read the article below.
Koura Fine Diamond Jewelry IPOÂ
Koura Fine Diamond Jewelry is engaged in the business of gold and diamond jewelry. The company supplies the jewelry to retail jewelers and has become a recognized Hallmark jewelry wholesaler.
The company will open the IPO for application from 6 March 2024 to 11 March 2024. Koura Fine Diamond Jewelry initiated this IPO to raise funds for the working capital requirements of the company and the usual corporate purposes.Â
The allotment of IPO will commence on 12 March 2024. The investors who don’t get allotted the shares will get a refund for the subscription from 13 March 2024.
The IPO of Koura Fine Diamond Jewelry will be listed on BSE SME on 14 March 2024.Â
Investors looking to participate in the Koura Fine Diamond Jewelry IPO, mark the following dates in their calendars:
| Dates | Koura Fine Diamond Jewelry IPO events |
| 6 March 2024 | IPO Opening Date |
| 11 March 2024 | IPO Closing date |
| 12 March 2024 | Allotment of IPO |
| 13 March 2024 | Refund Initiation |
| 14 March 2024 | Listing Date |
| 11 March 2024 | UPI mandates confirmation cut-off time. |
Koura Fine Diamond Jewelry IPO Details
The upcoming IPO will be an entirely fresh issue of 10,00,000 equity shares with a face value of ₹10 per share. The IPO issue has a fixed price of ₹550 lakhs.Â
It is a fixed price Issue in terms of Chapter IX of ICDR Regulations 229(1). The price per equity share for the Koura Fine Diamond Jewelry IPO is ₹55.
The registrar of the Koura Fine Diamond Jewelry IPO issue is Kfin Technologies Ltd. and the book-running lead manager is GYR Capital Advisors Pvt Ltd. The company has the market-maker, Giriraj Stock Broking holding the portion of 70,000 shares.
| Company Name | Koura Fine Diamond Jewelry Ltd. |
| IPO Total Size | 10 lakh shares (matches up to ₹550 lakhs) |
| Issue type | Fixed Price Issue |
| Lot Size | 2000 shares |
| Price | ₹55 per equity share |
| Face Value | ₹10 per equity share |
| Fresh issue size | 10 lakh shares (matches up to ₹550 lakhs) |
| OFS | NIL |
| Listing at | BSE SME |
| Market Maker | 70,000 shares |
Koura Fine Diamond Jewelry IPO Reservations and Lot Size
The distribution of shares offered under the Koura Fine Diamond Jewelry IPO is distributed among the investors – 50% for the retail and 50% for other investors.
| Investors category | Shares offered |
| Retail | 50% of the net issue |
| Others | 50% of the net issue |
Investors can subscribe for minimum shares of 2000 in one lot. This means a retail investor would bid on 2000 shares with a minimum amount of investment of ₹110,000.
Summing up the Koura Fine Diamond Jewelry IPO Lot size:
| Investor Category | Lots | Shares | Amount |
| Retail (minimum) | 1 | 2000 | ₹110,000 |
| Retail (maximum) | 1 | 2000 | ₹110,000 |
| HNI (minimum) | 2 | 4000 | ₹220,000 |
Koura Fine Diamond Jewelry IPO GMP
The last GMP of the Koura Fine Diamond Jewelry updated on 5 March 2024 is ₹55. According to the GMP, the estimated listing price for the Koura Fine Diamond Jewelry SME IPO can be around ₹110.Â
The GMP pricing started with the ₹10 and now stands at ₹55. Let’s see the trend of Koura Fine Diamond Jewelry GMP trend these days:
| Date of updation | IPO Price | GMP | Subject to Sauda Rate | Estimated listing price |
| 5 March 2024 | 55 | ₹55 | 83600 | ₹110 |
| 4 March 2024 | 55 | ₹55 | 83600 | ₹110 |
| 3 March 2024 | 55 | ₹40 | 60800 | ₹95 |
| 2 March 2024 | 55 | ₹10 | 15200 | ₹65 |
How to apply for the Koura Fine Diamond Jewelry IPO?
Interested investors can apply for the Koura Fine Diamond Jewelry IPO either through ASBA (Application Supported by Blocked Amount) Payment or UPI.Â
The ASBA IPO subscription will be available on your bank’s net banking and the UPI application will be offered by brokers or platforms like Upstox, Zerodha, ICICI Bank, 5Paisa, etc.
The process of IPO application may vary from platform to platform, so pick the one that seems convenient for you.
The Koura Fine Diamond Jewelry IPO market cap is ₹19.81 crore and the PAT margin is 2.83%. Investors looking to invest in the market of jewelry through Koura Fine Diamond Jewelry can apply for the IPO from 6 March.