Khazanchi Jewellers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 27, 2023Let’s have a detailed review of the company and analytics of the Khazanchi Jewellers IPO release date, IPO offer price, subscription, Khazanchi Jewellers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 140 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1000 Shares |
| Listing Date | 7 August 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 9,674.00 Lakh |
| IPO Size | Rs 9,674.00 Lakh |
| Tick Size | 1 |
Khazanchi Jewellers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Khazanchi Jewellers Share Price |
Khazanchi Jewellers IPO – Summary
Their company is a prominent player in the Indian jewellery industry, with a strong presence in both the wholesale and retail sectors.
They specialize in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars. Their jewellery business has a rich history spanning over three decades in the Indian jewellery industry.
The Promoter of this company is TARACHAND MEHTA, GOUTHAM, TARACHAND MEHTA AND SONS, GOUTHAM HUF AND FANCY DEVI. The lead manager of the issue is MARK CORPORATE ADVISORS PRIVATE LIMITED, and the Registrar of this issue is CAMEO CORPORATE SERVICES LIMITED.
Khazanchi Jewellers IPO Date
The opening and closing dates of Khazanchi Jewellers IPO are 24 July 2023 and 28 July 2023 respectively.
Khazanchi Jewellers IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 24th Jul | 0.26x | 0.13x | 0.19x |
| 2nd Day – 25th Jul | 0.86x | 0.26x | 0.56x |
| 3rd Day – 26th Jul | 1.18x | 0.38x | 0.78x |
| 4th Day – 27th Jul | 1.41x | 0.53x | 0.97x |
| Shares Offered or Net Issue | 3,282,000 | 3,282,000 | 6,910,000 |
The shares subscribed by the public will be updated here.
Khazanchi Jewellers IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Khazanchi Jewellers Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 2 August 2023 |
| Refunds Initiation | 3 August 2023 |
| Credit of Shares to Demat Account | 4 August 2023 |
| Share Listing Date | 7 August 2023 |
Khazanchi Jewellers IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.140
Khazanchi Jewellers IPO Equity Size
This Initial Public Issue of 6,910,000 Equity Shares of Rs.10 each for cash at a price of Rs.140 per equity share aggregating to Rs.9,674.00 Lakh.
Khazanchi Jewellers IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,910,000 Equity Shares of Rs.10/ each.
Issue Size: 6,910,000 Equity Shares of Rs.10 each, aggregating to Rs.9,674.00 Lakh
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Khazanchi Jewellers IPO – Live Performance
The listing date of this IPO is 7 August 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Khazanchi Jewellers Share Price |
Khazanchi Jewellers IPO Grey Market Premium
The Khazanchi Jewellers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Khazanchi Jewellers IPO – Company Overview
Their promoters are experienced entrepreneurs with over 25 years of expertise in the field. They offer a diverse range of jewellery products and are dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings, earrings, bangles, bracelets, pendants, nose pins, mangalsutras, and kadas.
Their focus is on creating exquisite wedding jewellery and other pieces suitable for festive occasions. They hold a BIS Hallmark Certificate, a qualified jeweller to carry out transactions on the IIBX (India International Bullion Exchange IFSC Limited) platform for the purpose of import of gold and they hold an Import Export Certificate.
They strive to deliver excellence, consistently. Their constant endeavour is to maintain the highest standard and quality of the gold, diamonds and precious stones used in their jewel pieces. They are offering an experience that takes into consideration their customer’s unique needs and preferences.
Khazanchi Jewellers IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 14,506.80 | 12,436.20 | 11,319.79 |
| *Total Revenue | 48,181.65 | 25,799.75 | 38,242.89 |
| Total Expense | 47,154.63 | 25,378.25 | 37,879.24 |
| Profit After Tax | 756.49 | 326.62 | 275.58 |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 7.62 | 3.29 | 2.77 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 756.49 Lakh, Rs. 326.62 Lakh and Rs. 275.58 Lakh respectively.
Khazanchi Jewellers IPO – Promoters
The Promoter of this company is:
- : TARACHAND MEHTA,
- GOUTHAM,
- TARACHAND MEHTA AND SONS,
- GOUTHAM HUF
- FANCY DEVI
List of Related Parties (Key Managerial Personnel)
- Tarachand Mehta, Managing Director
- Goutham, Executive Director
- Bijal Durgavale, Non-Executive, Independent Director
- Naressh Jain, Non-Executive, Independent Director
Khazanchi Jewellers IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post-Issue Share Holding – %
Khazanchi Jewellers IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 69,10,000 Equity Shares aggregating up to Rs.9,674.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,46,000 Equity Shares aggregating up to Rs.484.40 Lakh |
| Net Issue to the Public | Up to 65,64,000 Equity Shares aggregating up to Rs. 9,189.60 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,78,36,900 Equity Shares |
| Equity Shares outstanding after the Issue | 2,47,46,900 Equity Shares |
Khazanchi Jewellers IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To finance the establishment of the new showroom in Chennai, Tamil Nadu;
a. Capital Expenditure for the new showroom
b. Inventory cost for the new showroom - To augment the working capital requirements of the existing operations and;
- For general corporate purposes.
Khazanchi Jewellers IPO – Business Strategy
- Setting up a new showroom to widen its product portfolio and increase their capacity
- Increase their customer network in existing markets and enter new geographical markets
- Strengthen their Inventory Management practices
- Customer Centric Operations
Khazanchi Jewellers IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Over 3 decades of experience as Promoters
- Experienced Management Team
- Prime Location of their Showroom
- Wide product range, Design and Innovation
- Cordial relationship with their customers
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.62 | 20.98 | 36.30 |
| 31-Mar-22 | 3.29 | 11.37 | – |
| Mar-21 | 2.77 | 10.83 | – |
Khazanchi Jewellers IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Khazanchi Jewellers Limited | 10 | 18.37 | 7.62 | 20.98 | 48181.65 |
| Listed Peers | |||||
| Deep Diamond India Limited | 1 | 30.83 | 0.26 | 8.53 | 791.99 |
| Eighty Jewellers Limited | 10 | 35.88 | 1.39 | 5.94 | 9429.12 |
| Moksh Ornaments Limited | 2 | 9.49 | 1.14 | 12.03 | 44695.67 |
Khazanchi Jewellers IPO Lead Managers
| Lead Managers |
| MARK CORPORATE ADVISORS PRIVATE LIMITED 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Maharashtra, India Tel. No.: +91 22 2612 3208 Email ID: smeipo@markcorporateadvisors.com Investor Grievance Email ID: investorgrievance@markcorporateadvisors.com Contact Person: Niraj Kothari Website: www.markcorporateadvisors.com SEBI Reg. No.: INM000012128 |
Khazanchi Jewellers IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED Subramanian Building, No. 01, Club House Road, Chennai-600 002, Tamil Nadu, India. Tel. No.: +91 44 4002 0700/0710/2846 0390 Email ID: investor@cameoindia.com Investor Grievance Email ID: investor@cameoindia.com Contact Person: Sree Priya K. Website: www.cameoindia.com SEBI Registration No.: INR000003753 |
Khazanchi Jewellers IPO – Other Details
- Statutory Auditor – M/s. PSDY & Associates, Chartered Accountants
- Legal Counsel to the Company – M/s. Mehta & Mehta Law Firm
- Bankers to the Company – HDFC Bank Limited and Kotak Mahindra Bank Limited
Khazanchi Jewellers IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Khazanchi Jewellers Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Khazanchi Jewellers IPO Review FAQs
Check out various FAQs related to Khazanchi Jewellers IPO:
What is the Issue Size of Khazanchi Jewellers IPO?
The Company is making an initial public offer of 6,910,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Khazanchi Jewellers IPO?
The price band for this particular IPO ranges between Rs 140. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Khazanchi Jewellers IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 24 July 2023, while the closing date is set for 28 July 2023.
What is the Khazanchi Jewellers IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 2 August 2023, refund initiation is on 3 August 2023, credit of shares is on 4 August 2023, and share listing date is on 7 August 2023.
What is the Khazanchi Jewellers IPO Listing Date?
Shares of this company shall be listed in the exchanges on 7 August 2023. The date, when the listing would be done, is stagnant on 7 August 2023.
Who is the Registrar of Khazanchi Jewellers IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Khazanchi Jewellers IPO?
Here are the promoters of this IPO – : TARACHAND MEHTA, GOUTHAM, TARACHAND MEHTA AND SONS, GOUTHAM HUF AND FANCY DEVI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Khazanchi Jewellers IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Khazanchi Jewellers IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Khazanchi Jewellers Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 756.49, 2022 is 326.62, and 2021 is 275.58.
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