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Kenvi Jewels IPO is a fixed price issue of Rs 6.70 crores.
Kenvi Jewels IPO bidding started from February 2, 2018 and ended on February 7, 2018. The allotment for Kenvi Jewels IPO was finalized on Monday, February 12, 2018. The shares got listed on BSE SME on February 16, 2018.
Kenvi Jewels IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
First Overseas Capital Limited is the book running lead manager of the Kenvi Jewels IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Kenvi Jewels IPO RHP for detailed information.
| IPO Date | February 2, 2018 to February 7, 2018 |
| Listing Date | February 16, 2018 |
| Face Value | ₹10 per share |
| Price | ₹36 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,860,000 shares (aggregating up to ₹6.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 93,000 shares |
Kenvi Jewels IPO offers 1,953,000 shares. 883,500 (45.24%) to NII, 883,500 (45.24%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 93,000 (4.76%) |
| Other Shares Offered | 883,500 (45.24%) |
| Retail Shares Offered | 883,500 (45.24%) | Other Shares Offered | 93,000 (4.76%) |
| Total Shares Offered | 1,953,000 (100%) |
Kenvi Jewels IPO opens on February 2, 2018, and closes on February 7, 2018.
| IPO Open Date | Friday, February 2, 2018 |
| IPO Close Date | Wednesday, February 7, 2018 |
| Basis of Allotment | Monday, February 12, 2018 |
| Initiation of Refunds | Wednesday, February 14, 2018 |
| Credit of Shares to Demat | Wednesday, February 14, 2018 |
| Listing Date | Friday, February 16, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 7, 2018 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹108,000 |
| Retail (Max) | 1 | 3000 | ₹108,000 |
| Lot Size Calculator | |||
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.
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
[Dilip Davda]
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...The Kenvi Jewels IPO is subscribed 0.45 times on February 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)
| Category | Subscription (times) |
|---|---|
| Other | 0.73 |
| Retail | 0.17 |
| Total | 0.45 |
| Listing Date | February 16, 2018 |
| BSE Script Code | 540953 |
| NSE Symbol | |
| ISIN | INE923Y01015 |
| Final Issue Price | ₹36 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹36.00 |
| ₹35.10 |
| ₹31.05 |
| ₹43.20 |
| ₹39.10 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: kenvijewels.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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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 share. The minimum order quantity is 3000 Shares.
The IPO opens on February 2, 2018, and closes on February 7, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Kenvi Jewels IPO opens on February 2, 2018 and closes on February 7, 2018.
Kenvi Jewels IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Kenvi Jewels IPO will be done on Monday, February 12, 2018, and the allotted shares will be credited to your demat account by Wednesday, February 14, 2018. Check the Kenvi Jewels IPO allotment status.
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