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Let’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

Khazanchi Jewellers IPOTheir 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.


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:

    2. GOUTHAM,

    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
    Net Issue to the Public Up to 65,64,000 Equity Shares aggregating up to Rs. 9,189.60
    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:

    1. 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
    2. To augment the working capital requirements of the existing operations and;
    3. 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
    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
    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. 

      Calculate your return on investment!

      Asset Class ROI (Rs.) Profit (Rs.) Profit (%)
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