Veerkrupa Jewellers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’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
Their 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:
- MR. CHIRAG ARVIND SHAH
- 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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