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.

Veerkrupa Jewellers IPO Details

IPO Date Jun 29, 2022 to Jul 8, 2022
Listing Date Jul 18, 2022
Face Value ₹10 per share
Price ₹27 per share
Lot Size 4000 Shares
Total Issue Size3,000,000 shares
(aggregating up to ₹8.10 Cr)
Fresh Issue3,000,000 shares
(aggregating up to ₹8.10 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Veerkrupa Jewellers IPO Reservation

Other Shares Offered1,424,000 (50.00%)
Retail Shares Offered1,424,000 (50.00%)
Market Maker portion152,000 shares
Total Shares Offered2,848,000

Veerkrupa Jewellers IPO Tentative Timetable

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

Event Tentative Date
Opening Date Jun 29, 2022
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
Listing Date Jul 18, 2022
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Veerkrupa Jewellers IPO Lot Size

The Veerkrupa Jewellers IPO lot size is 4000 shares.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹108,000
Retail (Max) 1 4000 ₹108,000
HNI (Min) 2 8,000 ₹216,000
Lot Size Calculator

Veerkrupa Jewellers IPO Promoter Holding

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

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

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)

Company Financials

Veerkrupa Jewellers Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
Amount in ₹ Lakhs

Veerkrupa Jewellers IPO Review (Avoid)

[Dilip Davda]  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...

Objects of the Issue

The Net Proceeds from the Issue are proposed to be utilized byΒ the Company for the following objects:

1) To meet the Working Capital requirements.

2) General Corporate Expenses.

Veerkrupa Jewellers IPO Prospectus

Veerkrupa Jewellers IPO Rating

Rating:Rated 4.1 stars
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Veerkrupa Jewellers IPO Listing Details

Listing Date Jul 18, 2022
BSE Script Code 543545
NSE Symbol
Final Issue Price ₹27 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School, Near Dharmnath Prabhu Society
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 Analysis

Veerkrupa Jewellers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 2 1 2

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SME IPO Enquiry

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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, Nuvama, 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 on Jul 18, 2022.
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Veerkrupa Jewellers IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



18. πŸŽ― Big Bull 🎯 |   Link |Sep 5, 2022 12:31:02 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
17. GJ πŸ˜€ |   Link |Jul 13, 2022 7:41:44 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
@Team Chittorgarh.com, @Admin,

Listing today as per Tentative Timetable?
17.1. Raju d |   Link |Jul 13, 2022 10:10:17 AM
Hello sir,
Kya huva ipo ka nahi allotment or aaj to listing tha as per tentitiv please reply
16. Jetha Lal |   Link |Jul 9, 2022 5:51:02 PM
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
#Aether Industries
Have a look, what kind of free float supply choke in this stock. This is helping it fly high:)

16.1. Kami |   Link |Jul 12, 2022 11:37:31 PM (200+ Posts)
I hope it reach 900+
16.2. ARSLAN RAZA |   Link |Jul 14, 2022 11:53:22 PM
Brother, can you please explain the image and concept of free float, as I am new to the market
15. Takamichi |   Link |Jul 9, 2022 9:37:54 AM
IPO Mentor IPO Mentor (700+ Posts, 600+ Likes)
There would be play by the operator just to keep their name clean....
15.1. svh |   Link |Jul 12, 2022 9:10:09 PM
IPO Guru IPO Guru (1500+ Posts, 2700+ Likes)
Agreed. They will take revenge in next IPO.
14. Eagleye |   Link |Jul 7, 2022 10:25:51 PM
IPO Guru IPO Guru (6400+ Posts, 21100+ Likes)
List of Mainboard IPOs IN THE PIPELINE
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F) SEBI Approval *Received (>12 months ago)*:

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13. Cautious ProPrio |   Link |Jul 7, 2022 4:33:13 PM
IPO Guru IPO Guru (1700+ Posts, 1000+ Likes)
Sebi should have banned Anil sighvi for his suspected activities on paid recommendation on tv channel since long time seems
12. svh |   Link |Jul 6, 2022 3:30:18 PM
IPO Guru IPO Guru (1500+ Posts, 2700+ Likes)
🚨🚨 SEBI took action against Veerkrupa jewellers and its LM and ask to withdraw IPO by 8th July on the ground of misleading GMP of 7 β‚Ή. Anil Singhvi also clarified this matter that Zee biz is not involved in misguiding investors.
12.4. svh |   Link |Jul 6, 2022 7:53:42 PM
IPO Guru IPO Guru (1500+ Posts, 2700+ Likes)
Anil Singhvi clarified that zee doesn't check authenticity of the endorsement. Similar copy paste endorsement was given to other stock market sites by the LM of Veerkrupa. I already posted regarding fake GMP in my post number 8.1 below. Rest things is like Ruchi Soya where application is allowed to withdraw by extending dates. Admin updated issue closing date to 8 July.
12.5. Learner SK |   Link |Jul 7, 2022 12:28:27 PM
Top Contributor Top Contributor (1000+ Posts, 200 Likes)
@svh - pl share the link of SEBI order, if available. I am not getting in "what's new" column.
11. svh |   Link |Jul 7, 2022 12:20:14 PM
IPO Guru IPO Guru (1500+ Posts, 2700+ Likes)
10. Singh's kin |   Link |Jul 7, 2022 7:18:44 AM
Now that there is much controversy, how many of you who applied in this are NOT going to withdraw their application to get gain like Ruchi Soya. ( N.B. - risk averse so not applied).
10.1. πŸŽ― Big Bull 🎯 |   Link |Sep 5, 2022 12:31:25 AM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
9. NAND KISHORE PARWAL |   Link |Jul 6, 2022 3:21:25 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Subscribers may withdraw or modify till 8th july, due to SEBI instructions given to company. Misleading advertisement containing grey market premium.
8. Amit Jaipur |   Link |Jul 5, 2022 7:13:12 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
7. GJ πŸ˜€ |   Link |Jul 5, 2022 3:10:38 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Skipping it completely
other 2 (SKP and Jayant are far better)
6. NaveenM |   Link |Jul 5, 2022 2:39:52 PM
For me it looks very risky. The IPO size is small and the operators might play. I prefer to avoid it.
5. Bhav |   Link |Jul 5, 2022 2:35:57 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
4. Kala Kauva |   Link |Jul 2, 2022 11:56:22 AM
koi bhi SME ka premium nahi he... 0 0 and 0....
3. i For IPO β˜‘οΈ |   Link |Jun 30, 2022 7:05:39 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
This Company Doing Heavy Marketing In Social Media.
Beware Of It.
Fake GMP Post Rooming Around.
3.6. RajaBanks |   Link |Jul 5, 2022 11:09:25 AM
Yep Zee news trying to save their asses by doing this. Pehle article chappo aur baad mai TV par G@nd bachao
3.7. i For IPO β˜‘οΈ |   Link |Jul 6, 2022 3:15:59 PM
IPO Mentor IPO Mentor (500+ Posts, 700+ Likes)
8 june late date withdraw application
Sebi come in
2. SahaniAlok |   Link |Jun 25, 2022 1:14:34 PM
Company ke financials & past performance tho acche dik rahe hai. Plus company is debt free.
2.2. Gaurav DD dimer |   Link |Jun 26, 2022 11:24:50 AM
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
financial are looking good to you?

last year profit is Rs 1 Lakh. An uneducated person can earn more than this easily.
2.3. lokes |   Link |Jul 1, 2022 12:55:11 AM
IPO Guru IPO Guru (3800+ Posts, 4300+ Likes)
@gaurav: it is his first post in chittorgarh and its just a promotion here also like various other platforms including moneycontrol too
1. Vipul M Shah |   Link |Jun 23, 2022 8:46:57 PM (200+ Posts)
Most of the jewellery stock are in deep discount. Let's see how this SME Jewellery stock will perform ?