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Veerkrupa Jewellers Limited IPO (Veerkrupa Jewellers IPO) Detail

Jun 29, 2022 - Jul 8, 2022

Veerkrupa Jewellers Limited is engaged in the jewellery business including the sale of silver, gold, studded and other jewellery products. The company's jewellery is made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Veerkrupa Jewellers Limited has two showrooms located at Naroda and Narol has an average size of 1050 square feet and 13 staff, the majority of them are sales personnel.

Veerkrupa Jewellers sell a wide range of jewellery products such as designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts, necklaces, Hand tools, pooja items and decorative items in silver. The company sell jewellery products for multiple occasions such as weddings and party-wear, jewellery for personal milestones, festival jewellery, daily-wear jewellery, kid's jewellery and men's jewellery.

Competitive Strengths:

  • Use of the established Brand name.
  • Prime Location of the Showroom.
  • Diversified product portfolio across categories and price points.
  • Experienced Promoter and management team with proven execution capabilities.
  • Well established and cordial relationship with our supplier.

Company Financials

Veerkrupa Jewellers Limited Financial Information (Restated)
Period EndedTotal AssetsTotal Revenue Profit After Tax
31-Mar-19335.48165.328.27
31-Mar-20520.461094.860.71
31-Mar-211034.77463.281.07
31-Dec-211159.981002.6421.4
Amount in ₹ Lakhs

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 the Working Capital requirements.

2) General Corporate Expenses.

Veerkrupa Jewellers IPO Details

Veerkrupa Jewellers IPO Date Jun 29, 2022 to Jul 8, 2022
Veerkrupa Jewellers IPO Face Value ₹10 per share
Veerkrupa Jewellers IPO Price ₹27 per share
Veerkrupa Jewellers IPO Lot Size 4000 Shares
Issue Size3,000,000 shares of ₹10
(aggregating up to ₹8.10 Cr)
Fresh Issue3,000,000 shares of ₹10
(aggregating up to ₹8.10 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Chirag Arvind Shah and Mrs Nehaben Chiragbhai Shah are the company promoters.

Veerkrupa Jewellers IPO Timeline (Tentative Timetable)

Veerkrupa Jewellers IPO opens on Jun 29, 2022, and closes on Jul 8, 2022. The Veerkrupa Jewellers IPO bid date is from Jun 29, 2022 10.00 A.M. to Jul 8, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Veerkrupa Jewellers IPO Opening Date Jun 29, 2022
Veerkrupa Jewellers IPO Closing Date Jul 8, 2022
Basis of Allotment Jul 8, 2022
Initiation of Refunds Jul 11, 2022
Credit of Shares to Demat Jul 12, 2022
Veerkrupa Jewellers IPO Listing Date Jul 13, 2022

Veerkrupa Jewellers IPO Lot Size

The Veerkrupa Jewellers IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹108,000).

Application Lots Shares Amount
Minimum 1 4000 ₹108,000
Maximum 1 4000 ₹108,000

Veerkrupa Jewellers IPO Promoter Holding

Pre Issue Share Holding 79.94%
Post Issue Share Holding 49.44%

Veerkrupa Jewellers IPO Review

The company has only two showrooms and for the last three fiscals, it has posted minuscule profits. Based on super profits of 9M-FY22, the issue is highly-priced expressing the greed of the promoters. There is no harm in skipping this exorbitantly priced IPO. Read detail review...


Veerkrupa Jewellers IPO Subscription Status (Bidding Detail)

The Veerkrupa Jewellers IPO is subscribed 1.85 times on Jul 5, 2022 6:29:00 PM. The public issue subscribed 2.67 times in the retail category, times in the QIB category, and 1.04 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.04
Retail2.67
Total1.85

Veerkrupa Jewellers IPO Prospectus

Veerkrupa Jewellers IPO Rating

138
4.1
Rating:Rated 4.1 stars
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Company Contact Information

Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School, Near Dharmnath Prabhu Society
Ahmedabad
Phone: Naroda, Ahmedabad 382330,
Email: complianceveerkrupa@gmail.com
Website: https://www.veerkrupajewellers.com/

Veerkrupa Jewellers IPO Registrar

KFin Technologies Limited

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

Veerkrupa Jewellers IPO Review

Veerkrupa Jewellers IPO Recommendation Summary

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Members 2 1 2

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Veerkrupa Jewellers IPO FAQs

Veerkrupa Jewellers IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹8.10 Crores. The issue is priced at ₹27 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Jun 29, 2022, and closes on Jul 8, 2022.

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

Zerodha customers can apply online in Veerkrupa Jewellers IPO using UPI as a payment gateway. Zerodha customers can apply in Veerkrupa Jewellers IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Veerkrupa Jewellers IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Veerkrupa Jewellers IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Veerkrupa Jewellers IPO opens on Jun 29, 2022 and closes on Jul 8, 2022.

Veerkrupa Jewellers IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Veerkrupa 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Veerkrupa Jewellers IPO will be done on Jul 8, 2022, and the allotted shares will be credited to your demat account by Jul 12, 2022. Check the Veerkrupa Jewellers IPO allotment status.

The Veerkrupa Jewellers IPO listing date is not yet announced. The tentative date of Veerkrupa Jewellers IPO listing is Jul 13, 2022.
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