March 6, 2024 - March 11, 2024

Koura Fine Diamond Jewelry IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Koura Fine Diamond Jewelry IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Koura Fine Diamond Jewelry IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Koura Fine Diamond Jewelry IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company does wholesale business in gold and diamond jewelleries. It trades on B2B model on a third party contracts. It posted just 18 months’ working which is listless against asking price. Based on FAY24 annualized earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...

Koura Fine Diamond Jewelry IPO Peer Comparison

Koura Fine Diamond Jewelry Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Koura Fine Diamond Jewelry Limited	55.89	55.89	56.88		6.74	9.67	Consolidated
Ashapuri Gold Ornament Ltd	0.71	0.71	33.20	107.63	2.16	2.17	Consolidated
Vaibhav Global Ltd	6.05	6.05	72.74	49.85	8.32	3.75	Consolidated
Tribhovandas Bhimji Zaveri Ltd.	5.95	5.95	84.07	13.24	7.07	0.73	Consolidated

Source:

All the financial information for listed industry peers mentioned above is on consolidated basis, sourced from the filings made with stock exchanges, available on www.bseindia.com for the six months ending March 31, 2023. The current market price and related figures are as on June 07, 2023.

Koura Fine Diamond Jewelry IPO Review by Members

Koura Fine Diamond Jewelry IPO Reviews, analysis and views by popular members. Read Koura Fine Diamond Jewelry Limited IPO reviews by retail investors to find recommended ipo to buy.

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Koura Fine Diamond Jewelry IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
VM IPO INVESTOR	Avoid There were many SME IPO’s in past who had not good financials records, no good company track record and no QIB’s; this one is the same. No matter they had nice GMP running and they listed at that GMP’s too, but as an investor no matter for listing gain purpose or for long term purpose; one must avoid this type of IPO’s. Asking price is directly matched with the valuations but they don’t have any actual peer present in the market, so full risky investor can take the risk. I am totally avoiding. March 7, 2024 3:31:33 PM

Member

Review

VM IPO INVESTOR

Avoid

There were many SME IPO’s in past who had not good financials records, no good company track record and no QIB’s; this one is the same. No matter they had nice GMP running and they listed at that GMP’s too, but as an investor no matter for listing gain purpose or for long term purpose; one must avoid this type of IPO’s. Asking price is directly matched with the valuations but they don’t have any actual peer present in the market, so full risky investor can take the risk. I am totally avoiding.

March 7, 2024 3:31:33 PM

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