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 Promoters of the Company is Mr. Chirag Champaklal Valani and Mrs. Hetalben Chiragkumar Valani.
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
|Issue Open||Feb 2, 2018 - Feb 7, 2018|
|Issue Type||Fixed Price Issue IPO|
|Issue Size||1,860,000 Eq Shares of Rs 10 |
(aggregating up to Rs 6.70 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 36 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Feb 2, 2018|
|Bid/Offer Closes On||Feb 7, 2018|
|Finalisation of Basis of Allotment||Feb 12, 2018|
|Initiation of Refunds||Feb 14, 2018|
|Credit of Shares to Demat Acct:||Feb 14, 2018|
|IPO Shares Listing Date:||Feb 16, 2018|
No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time
Feb 6, 2018 17:00
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