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Khazanchi Jewellers IPO is a fixed price issue of Rs 97.00 crores. The issue is entirely a fresh issue of 69.1 lakh shares.
Khazanchi Jewellers IPO bidding started from July 24, 2023 and ended on July 28, 2023. The allotment for Khazanchi Jewellers IPO was finalized on Wednesday, August 2, 2023. The shares got listed on BSE SME on August 7, 2023.
Khazanchi Jewellers IPO price is ₹140 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹280,000.
Mark Corporate Advisors Private Limited is the book running lead manager of the Khazanchi Jewellers IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Khazanchi Jewellers IPO is Svcm Securities.
Refer to Khazanchi Jewellers IPO RHP for detailed information.
| IPO Date | July 24, 2023 to July 28, 2023 |
| Listing Date | August 7, 2023 |
| Face Value | ₹10 per share |
| Price | ₹140 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 6,910,000 shares (aggregating up to ₹97.00 Cr) |
| Fresh Issue | 6,910,000 shares (aggregating up to ₹96.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,836,900 |
| Share holding post issue | 24,746,900 |
| Market Maker portion | 346,000 shares Svcm Securities |
Khazanchi Jewellers IPO offers 6,910,000 shares. 3,282,000 (47.50%) to NII, 3,282,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 346,000 (5.01%) |
| Other Shares Offered | 3,282,000 (47.50%) |
| Retail Shares Offered | 3,282,000 (47.50%) |
| Total Shares Offered | 6,910,000 (100%) |
Khazanchi Jewellers IPO opens on July 24, 2023, and closes on July 28, 2023.
| IPO Open Date | Monday, July 24, 2023 |
| IPO Close Date | Friday, July 28, 2023 |
| Basis of Allotment | Wednesday, August 2, 2023 |
| Initiation of Refunds | Thursday, August 3, 2023 |
| Credit of Shares to Demat | Friday, August 4, 2023 |
| Listing Date | Monday, August 7, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 28, 2023 |
Investors can bid for a minimum of 1000 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 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| HNI (Min) | 2 | 2,000 | ₹280,000 |
| Lot Size Calculator | |||
Mr Tarachand Mehta and Mr. Goutham are the Promoters of the Company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Incorporated in 1996, Khazanchi Jewellers Limited is a Chennai-based company engaged in the Jewellery segment. The organization started its operations in 1989 and today marks its presence in both the wholesale and retail sectors.
Khazanchi Jewellers primarily deals in Gold and Silver Jewelry. Their wide product range constitutes earrings, necklaces, chains, pendants, rings, bangles, bracelets, nose pins, mangalsutra and so on.
The company has one showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. To further its business, the entity intends to establish more such showrooms in the same city through funds to be received by way of the IPO.
Other enterprises of the Khazanchi Jewellers Groups are Sutaliya Finance Private Limited, Khazanchi Silvers Private Limited, Silverslane Proprietorship firm, Pathik Sales Private Limited, and KJ Estates Partnership Firm.
Khazanchi Jewellers Limited is led by Mr. Tarachand Mehta, Managing Director, and Mr. Goutham, Executive Director of the company.
Khazanchi Jewellers had positive financial reports over the past years. For the financial years 2020, 2021, and 2022, the PAT of the company was Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 10,379.93 | 36,165.36 | 230.71 | 2,269.33 | 1,276.21 | 7,786.00 |
| 31-Mar-21 | 11,319.79 | 38,242.89 | 275.58 | 2,544.91 | 1,551.79 | 7,480.12 |
| 31-Mar-22 | 12,436.20 | 25,799.75 | 326.62 | 2,871.53 | 1,878.41 | 8,412.38 |
| 31-Mar-23 | 14,506.80 | 48,181.65 | 756.49 | 3,604.99 | 2,611.87 | 8,462.47 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Khazanchi Jewellers IPO is Rs 346.46 Cr.
| KPI | Values |
|---|---|
| ROE | 20.98 |
| ROCE | 18.91 |
| Debt/Equity | 1.45 |
| RoNW | 20.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.62 | |
| P/E (x) | 45.75 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] KJL operates in a highly competitive and fragmented segment with many players around. The sudden boost in its top and bottom line for FY23 raise eyebrows and concern over the sustainability going forward. Even on the basis of FY23 super earnings, the issue appears exorbitantly priced. There is no harm in skipping this pricey issue. Read detail review...
The Khazanchi Jewellers IPO is subscribed 1.26 times on July 28, 2023 7:02:00 PM. The public issue subscribed 0.78 times in the retail category, times in the QIB category, and 1.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.74 |
| Retail | 0.78 |
| Total | 1.26 |
Total Application : 3,057 (0.93 times)
| Listing Date | August 7, 2023 |
| BSE Script Code | 543953 |
| NSE Symbol | |
| ISIN | INE0OWC01011 |
| Final Issue Price | ₹140 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹140.00 |
| ₹142.30 |
| ₹142.30 |
| ₹149.40 |
| ₹149.40 |
Khazanchi Jewellers Limited
No: 130,
NSC Bose Road, Sowcarpet,
Chennai-600 079
Phone: +91 44 4201 5915
Email: info@khazanchi.co.in
Website: http://www.khazanchi.co.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Khazanchi Jewellers IPO is a SME IPO of 6,910,000 equity shares of the face value of ₹10 aggregating up to ₹97.00 Crores. The issue is priced at ₹140 per share. The minimum order quantity is 1000 Shares.
The IPO opens on July 24, 2023, and closes on July 28, 2023.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Khazanchi Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Khazanchi Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Khazanchi Jewellers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Khazanchi Jewellers IPO opens on July 24, 2023 and closes on July 28, 2023.
Khazanchi Jewellers IPO lot size is 1000 Shares, and the minimum amount required is ₹140,000.
You can apply in Khazanchi Jewellers 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 Khazanchi Jewellers IPO will be done on Wednesday, August 2, 2023, and the allotted shares will be credited to your demat account by Friday, August 4, 2023. Check the Khazanchi Jewellers IPO allotment status.
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