Khazanchi Jewellers Limited a prominent player in the Indian Jewellery Industry. The company has a strong presence in both the wholesale and retail sectors.
The company specializes in producing and selling a wide range of jewelry products. These include gold, and diamond jewelry, precious stones, and other fancy jewellery and bullion in the form of coins and bars.
Khazanchi Jewellers has a rich history spanning over three decades in the Indian jewelry industry.
The company has one showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. To further its business, the entity intends to establish more such showroom in the same city through funds to be received by way of the IPO.
Khazanchi Jewellers IPO – Details
| IPO Opening Date | 24 July 2023 |
| IPO Closing Date | 28 July 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 69,10,000 Shares Worth ₹97.00 Crore Fresh Issue: 69,10,000 Shares Worth ₹97.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹140 |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Cameo Corporate Services Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Khazanchi Jewellers IPO – Date Schedule
| IPO Open Date | 24 July 2023 |
| IPO Close Date | 28 July 2023 |
| Basis of Allotment | 2 August 2023 |
| Initiation of Refund | 3 August 2023 |
| Credit of Shares to Demat Account | 4 August 2023 |
| IPO Listing Date | 7 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 28, 2023 |
Khazanchi Jewellers IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1000 | 1,40,000 |
| Retail (Maximum) | 1 | 1000 | 1,40,000 |
| HNI (Minimum) | 2 | 2000 | 2,80,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Over 3 decades of experience.
- Prime Location of company’s Showroom.
- Wide product range, Design and Innovation.
- Cordial relationship with our customers.
Company Promoters
- Mr Tarachand Mehta
- Mr. Goutham
Object Of The Issue
- To finance the establishment of the new show room at Chennai, Tamil Nadu, India.
- Estimated capital expenditure.
- Estimated inventory cost for the new showroom to be opened.
- Funding the working capital requirements of the existing operations of the Company.
- General Corporate Purposes.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 361.65 | 358.62 | 2.30 | 77.86 |
| 31 March 2021 | 382.42 | 378.79 | 2.75 | 74.80 |
| 31 March 2022 | 257.99 | 253.78 | 3.26 | 84.12 |
| 31 December 2022 | 334.50 | 327.80 | 5.85 | 84.40 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 45.75 |
| Market Cap (₹ Cr.) | 346.46 |
| ROE | 20.98 |
| ROCE | 18.91 |
| Debt/Equity | 1.45 |
| EPS (Rs) | 7.62 |
| RoNW | 20.98% |
Khazanchi Jewellers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Khazanchi Jewellers IPO Prospectus
Company Contact Information
| Khazanchi Jewellers Limited No: 130, NSC Bose Road, Sowcarpet, Chennai-600 079 Phone: +91 44 4201 5915 Email: info@khazanchi.co.in Website: http://www.khazanchi.co.in/ |
Khazanchi Jewellers IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: investor@cameoindia.com Website: https://ipo.cameoindia.com/ |
Khazanchi Jewellers IPO Lead Manager(s)
| 1. Mark Corporate Advisors Private Limited |
Khazanchi Jewellers IPO FAQs
| What is Khazanchi Jewellers IPO? Khazanchi Jewellers IPO is a SME IPO. The issue is priced at ₹140 per equity share. The IPO is to be listed on BSE SME. |
| When Khazanchi Jewellers IPO will open? The IPO is to open on 24 July 2023 for NII and Retail Investors. |
| How to Khazanchi Jewellers IPO? You can apply Khazanchi Jewellers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Khazanchi Jewellers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Khazanchi Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Khazanchi Jewellers IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Khazanchi Jewellers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Khazanchi Jewellers IPO Size? Khazanchi Jewellers IPO size is ₹97.00 crores. |
| What is Khazanchi Jewellers IPO Price Band? Khazanchi Jewellers IPO Price Band is ₹140. |
| What is Khazanchi Jewellers IPO Minimum and Maximum Lot Size? The minimum bid is 1000 Shares with ₹1,40,000 amount while the maximum bid is 1000 shares with ₹1,40,000. |
| What is the Khazanchi Jewellers IPO Allotment Date? Khazanchi Jewellers IPO allotment date is 2 August 2023. |
| What is the Khazanchi Jewellers IPO Listing Date? Khazanchi Jewellers IPO listing date is 7 August 2023. The IPO is to list on BSE SME. |
