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Kenvi Jewels Limited IPO (Kenvi Jewels IPO) Detail

Feb 2, 2018 - Feb 7, 2018

Incorporated in 2013, Kenvi Jewels Ltd(KJL) is Ahmedabad based commpany engaged in manufacturing and retailing of jewellery. Company also engaged into wholesaling and trading of gold jewellery. Kenvi Jewels sell gold jewellery made with or without studded diamonds, precious and semi-precious stones. Company's product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles.

Kenvi Jewels retail business is done through its showroom situated at Odhav, Ahmedabad. KJL sell its jewellery under the brand name of 'Suvarnakrupa'. KJL buy its raw materials from bullion market & local markets in Ahmedabad which is then designed and moulded into gold jewellery.

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Company Promoters:

The Promoters of the Company is Mr. Chirag Champaklal Valani and Mrs. Hetalben Chiragkumar Valani.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
1. To meet working capital requirement; and
2. To meet the expenses of the Issue

Kenvi Jewels IPO Details

IPO Opening Date Feb 2, 2018
IPO Closing Date Feb 7, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹36 per equity share
Market Lot 3000 Shares
Min Order Quantity 3000 Shares
Listing At BSE SME
Issue Size1,860,000 Eq Shares of ₹10
(aggregating up to ₹6.70 Cr)

Kenvi Jewels IPO Tentative Timetable

The Kenvi Jewels IPO open date is Feb 2, 2018, and the close date is Feb 7, 2018. The issue may list on Feb 16, 2018.

IPO Open Date Feb 2, 2018
IPO Close Date Feb 7, 2018
Basis of Allotment Date Feb 12, 2018
Initiation of Refunds Feb 14, 2018
Credit of Shares to Demat Account Feb 14, 2018
IPO Listing Date Feb 16, 2018

Kenvi Jewels IPO Lot Size

The Kenvi Jewels IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 3000 ₹108,000
Maximum 1 3000 ₹108,000

Kenvi Jewels IPO Review

Company’s track record is not supporting to asking price, Its equity is having quantum jump and aggressive pricing makes this offer a costly bet. No harm in giving it a miss.

Read detail review...

Kenvi Jewels IPO Subscription Status (Bidding Detail)

The Kenvi Jewels IPO is subscribed 0.45 times on 2/6/2018 5:00:00 PM. The public issue subscribed 0.17 times in the retail category, times in the QIB category, and 0.73 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII0.73
Retail0.17
Total0.45

Kenvi Jewels IPO Prospectus

Kenvi Jewels IPO Rating

30
3.7
Rating:Rated 3.7 stars
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Kenvi Jewels IPO Listing Date

Listing Date Friday, February 16, 2018
BSE Script Code 540953
NSE Symbol
Listing In M Group of Securities
ISIN INE923Y01015
IPO Price ₹36 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹36.00
₹35.10
₹31.05
₹43.20
₹39.10

Company Contact Information

Kenvi Jewels Limited
14, Nav Durga Complex, Opp. Nav Durga Society,
Ambicanagar, Odhav,
Ahmedabad - 382415
Phone: +91 79 22973199, 22891099
Email: compliance.kjl@gmail.com
Website: http://www.kenvijewels.com/

Kenvi Jewels IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: kenvijewels.ipo@karvy.com
Website: https://karisma.kfintech.com/

Kenvi Jewels IPO Reviews / Ratings

Kenvi Jewels IPO FAQs

Kenvi Jewels IPO is a SME IPO of 1,860,000 equity shares of the face value of ₹10 aggregating up to ₹6.70 Crores. The issue is priced at ₹36 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Feb 2, 2018, and closes on Feb 7, 2018.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Kenvi Jewels IPO opens on Feb 2, 2018 and closes on Feb 7, 2018.

Kenvi Jewels IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

You can apply in Kenvi Jewels IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Kenvi Jewels IPO will be done on Feb 12, 2018, and the allotted shares will be credited to your demat account by Feb 14, 2018. Check the Kenvi Jewels IPO allotment status.

The Kenvi Jewels IPO listing date is on Friday, February 16, 2018.

Kenvi Jewels IPO Message Board

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6 Comments

5. DownriteVJ |Feb 15, 2018 5:17:23 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Listing Tomorrow
4. CA Nitin Agrawal |Feb 6, 2018 7:16:06 PM
Is IPO ka to bhagwaan hi maalik hai ab.... Sab kismat ka khel hai...aise samay mein share market ka ye haal hai ....koun invest karega ?
3. Gainer |Feb 2, 2018 2:15:45 PM
Avoid or buy Kenvi jewels?
3.1. DownriteVJ |Feb 5, 2018 7:21:48 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid
2. SecTheta |Jan 31, 2018 10:44:55 PM
Avoid!
1. pragnesh soni |Jan 30, 2018 2:26:54 PM
CLEAR AVOID