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Let’s have a detailed review of the company and analytics of the Veerkrupa Jewellers IPO release date, IPO offer price, subscription, Veerkrupa 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 27
Listing At BSE, SME
Min. Order Quantity 4000 Shares
Listing Date Jul 13, 2022
Offer for Sale Rs Lakhs
Fresh Issue Rs 810 Lakhs
IPO Size Rs 810 Lakhs
Tick Size 1

Veerkrupa Jewellers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Veerkrupa Jewellers IPO – Summary

Veerkrupa Jewellers IPOTheir Company was originally incorporated as Veerkrupa Jewellers Private Limited on September 13, 2019 under the Companies Act, 2-13 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli.

Subsequently the name of the company was changed from “Veerkrupa Jewellers Private Limited” to “Veerkrupa Jewellers Limited” under the Companies Act, 2013 pursuant to a special resolution passed by their shareholders at the EGM held on January 07, 2020 and had obtained fresh certificate of incorporation dated January 17, 2020 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli.


Veerkrupa Jewellers IPO Date

The opening and the closing date of Veerkrupa Jewellers IPO are Jun 29, 2022 and Jul 8, 2022 Respectively.


Veerkrupa Jewellers IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 29th Jun 0.15x 0.22x 0.19x
2nd Day –  30th Jun 0.16x 0.41x 0.28x
3rd Day – 1st Jul 0.17x 0.59x 0.38x
4th Day – 4th Jul 0.79x 1.96x 1.38x
5th Day – 5th Jul 1.04x 2.67x 1.85x
Shares Offered or Net Issue 1,424,000 1,424,000 2,848,000

The shares subscribed by the public will be updated here.


Veerkrupa 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.

Veerkrupa Jewellers Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Jul 8, 2022
Refunds Initiation Jul 11, 2022
Credit of Shares to Demat Account Jul 12, 2022
Share Listing Date Jul 13, 2022

Veerkrupa Jewellers IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.27


Veerkrupa Jewellers IPO Equity Size

This Initial Public Issue of 3,000,000 Equity Shares of Rs.10 each for cash at a price of Rs.27  per equity share aggregating to Rs.810 Lakhs.


Veerkrupa Jewellers IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,000,000 Equity Shares of Rs.10/ each.

Issue Size: 3,000,000 Equity Shares of Rs.10 each, aggregating to Rs.810 Lakhs


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    Veerkrupa Jewellers IPO – Live Performance

    The listing date of this IPO is Jul 13, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Veerkrupa Jewellers Share Price

    Veerkrupa Jewellers IPO Grey Market Premium

    The Veerkrupa Jewellers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Veerkrupa Jewellers IPO – Company Overview

    Their business operations began as a proprietary firm in 2001. With years of experience, growing brand awareness, increase in customer trust, relationship and footfall, their Proprietor- Mr. Chirag Arvind Shah took a plunge to grow their business by setting up a Company under the name of Veerkrupa Jewellers Private Limited in the year 2019.

    Subsequently, their Company had acquired the business of Proprietorship Concerns of one their Promoter- Mr. Chirag Arvind Shah viz, M/s Veerkrupa Jewellers through the Business Succession Agreement dated January 01, 2020. Consequently, the entire business operation of the proprietorship firm was merged into their Company.


    Veerkrupa 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 & Lakhs)
    31-Dec-21 31-Mar-21 Mar-20 31-Mar-19
    Total Assets 1159.98 1034.77 520.46 335.48
    Total Revenue 1002.64 463.28 1094.86 165.32
    Total Expense 977.74 461.76 1094.15 157.05
    Profit After Tax 21.4 1.07 0.71 8.27

    Earnings per Equity Share (in Lakhs)

    31-Dec-21 31-Mar-21 Mar-20
    Basic & Diluted 0.06 0.06 0.04

     

    Further, their PAT for the period ended on Dec 31, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs.21.4 Lakhs, Rs.1.07 Lakhs, Rs.0.71 and Rs.8.27 Lakhs respectively.


    Veerkrupa Jewellers IPO – Promoters

    The Promoter of this company is:

    1. MR. CHIRAG ARVIND SHAH
    2. MRS. NEHABEN CHIRAGBHAI SHAH

    List of Related Parties (Key Managerial Personnel)

    • Mr. Chirag Arvindbhai Shah, Managing Director & CFO
    • Mrs. Nehaben Chiragbhai Shah, Whole-Time Director
    • Mr. Pinkeshkumar Jivanlal Shah, Non-Executive Director
    • Mr. Mayur Prahladbhai Patel, Non-Executive and Independent Director
    • Mrs. Jalpaben Jalpeshbhai Panara, Non Executive and Independent Director

    Veerkrupa Jewellers IPO – Promoters Holding

    • Pre Issue Share Holding – 79.94%
    • Pos Issue Share Holding – 49.44%

    Veerkrupa Jewellers IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 30,00,000 Equity Shares aggregating up to Rs.81,00,00,000
    of which:
    Issue Reserved for the Market Makers Up to 1,52,000 Equity Shares aggregating up to Rs.41,04,000
    Net Issue to the Public Up to 28,48,000 Equity Shares aggregating up to Rs. 7,68,96,000
    Of which:
    Retail Investors Portion Not less than 14,24,000 Equity Shares
    Other than Retail Individual Investors Not more than 14,24,000 Equity Shares
     Equity Shares outstanding prior to the Issue 48,63,152 Equity Shares
     Equity Shares outstanding after the Issue 78,63,152 Equity Shares

    Veerkrupa Jewellers IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To meet the Working Capital requirements; and
    2. General Corporate Expenses.

    Veerkrupa Jewellers IPO – Business Strategy

    • Continue to expand their retail network in a cost-efficient manner by leveraging their brand
    • Focus on expanding their product and brand portfolio to cater to existing portfolio gaps
    • Leveraging technology to grow their operations and focus on online channels
    • Continue to invest in their marketing and brand building initiatives
    • Consistently meeting the purity and quality
    • Enhancing Operating Effectiveness & efficiency
    • Continue to maintain strong relation with existing customers

    Veerkrupa 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:

    • Quality Assurance, timely payment, and delivery
    • Broad customer base and strong relationships with their customers
    • Multiple Business verticals under one roof
    • Qualified management team and employee base

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-21 0.06 0.22 26.25
    31-Mar-20 0.04 0.14

    Veerkrupa Jewellers IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Lakhs)
    Veerkrupa Jewellers Limited 10 23.68 1.14 4.18 27.39
    Listed Peers
    Vaibhav Global Limited 2 53.18 14.45 8.84 162.70
    Goldiam Internation Ltd 2 4.96 13.76 12.43 110.65
    Swarnsarita Jewels India Ltd 10 4.81 2.73 5.72 50.41
    Kalyan Jewellers India Ltd 10 41.78 1.63 4.56 29.37

    Veerkrupa Jewellers IPO Lead Managers

    Lead Managers
    FIRST OVERSEAS CAPITAL LIMITED
    1-2 Bhupen Chambers, Dalal Street,
    Fountain, Mumbai – 400 001,
    Maharashtra, India
    Tel No.: +91 22 4050 9999
    Email: satish@focl.in / mala@focl.in
    Investor Grievance Email: investorcomplaints@focl.in
    Website: www.focl.in
    Contact Person: Satish Sheth / Mala Soneji
    SEBI Registration No: INM000003671

    Veerkrupa Jewellers IPO Registrar to offer

    Registrar to the Offer
    KFIN TECHNOLOGIES LIMITED
    (Formerly known as Kfin Technologies Private Limited)
    Selenium Tower B, Plot No. 31 & 32, Financial District, Nanakramguda,
    Serilingampally, Rangareddi, Hyderabad, 500 032 Telangana, India
    Tel No. : +91 40 6716 2222
    E-mail: vjl.ipo@kfintech.com
    Investor Grievance Email: einward.ris@kfintech.com
    Website: www.kfintech.com
    Contact Person: M Murali Krishna
    SEBI Registration No.: INR000000221

    Veerkrupa Jewellers IPO – Other Details

    • Statutory Auditor – BHAGAT & CO., CHARTERED ACCOUNTANTS
    • Legal Counsel to the Company – MR. SHAHNAWAZ D SHAIKH
    • Bankers to the Company –  KOTAK MAHINDRA BANK LIMITED


    Veerkrupa 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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      Veerkrupa Jewellers Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download


      Veerkrupa Jewellers IPO Review FAQs

      Check out various FAQs related to Veerkrupa Jewellers IPO:

      What is the Issue Size of Veerkrupa Jewellers IPO?

      The Company is making an initial public offer of 3,000,000 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 the net issue.

      What is the Price band of Veerkrupa IPO?

      The price band for this particular IPO ranges between Rs.27. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Veerkrupa Jewellers IPO Open Date?

      The opening and closing dates for Veerkrupa Jewellers IPO have been updated. The IPO is set to open on Jun 29, 2022, while the closing date is set at Jul 8, 2022.

      What is the Veerkrupa Jewellers IPO Allotment Date?

      They also have the news regarding the respective allotment dates of Veerkrupa Jewellers IPO. Basis of Allotment finalization is on Jul 8, 2022, refund initiation is on Jul 11, 2022, credit of shares is on Jul 12, 2022, and share listing date is on Jul 13, 2022.

      What is the Veerkrupa IPO Listing Date?

      Shares of this company shall be listed in the exchanges Jul 13, 2022.. The date, when the listing would be done, is stagnant on Jul 13, 2022..

      Who is the Registrar of Veerkrupa Jewellers IPO?

      One of the reputed registrars is managing the issue of Veerkrupa IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Veerkrupa IPO?

      Here are the promoters of this IPO – MR. CHIRAG ARVIND SHAH AND MRS. NEHABEN CHIRAGBHAI SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is GMP of Veerkrupa Jewellers IPO?

      They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

      Is Veerkrupa 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 Veerkrupa Jewellers Company?

      They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is 1.07, 2020 is 0.71, 2019 is 8.27. PAT from Dec 2021 is 21.4.


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