Koura Fine Diamond Jewelry IPO Review: This IPO, which will starts from today, is a fixed-price issue with a size of Rs 5.50 crore. The latest GMP for this IPO is Rs 60, with a projected listing gain of 109%. The corporation is issuing 10 lakh additional shares. Investors can apply for this IPO between March 6 and March 11, 2024. This IPO will be listed on the BSE and SME exchanges. Please provide us with detailed information about this IPO and its GMP.
Koura Fine Diamond Jewelry IPO Details:
| IPO Name | Koura Fine Diamond Jewelry Limited (KOURA) |
| IPO Start Date | 6 March 2024 |
| IPO End Date | 11 March 2024 |
| Price Band | 55 per share (Fixed) |
| Lot Size | 2000 shares |
| Face Value | Rs 10 per share |
| Total Issue Size | 1,000,000 shares |
| Fresh Issue Shares | 1,000,000 shares |
| Shares Allotment Date | Tuesday, March 12, 2024 |
| Refund Date | Wednesday, March 13, 2024 |
| Demat Transfer | Wednesday, March 13, 2024 |
| Listing Date | Thursday, March 14, 2024 |
| UPI Cut Off Time | 5 pm 11 March 2024 |
| Listing Exchange Name | SME, BSE |
Koura Fine Diamond Jewelry IPO Category Wise Lot Size:
| category | lots | shares | Total amount |
| Retail (Min.) | 1 | 2000 | 110,000 |
| Retail (Max.) | 1 | 2000 | 110,000 |
| HNI (Min.) | 2 | 4,000 | 220,000 |
Koura Fine Diamond Jewelry Limited: Company Information:
This company, founded in 2022, specializes in the wholesale of gold and diamond jewelry. This company sells 22-carat gold and 18-carat diamond jewellery. All of the company’s jewelry is Hallmark-certified.
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This company will use the IPO proceeds for operating capital and miscellaneous purposes.
Koura Fine Diamond Jewelry Limited Company Financial Information:
| Period | 30 September 2023 | 31 March 202 3 |
| earnings | 601.84 crores | 556.35 crores |
| profit after tax | 17.01 crore | 13.41 crores |
| net worth | 286.06 crores | 269.06 crores |
| assets | 352.53 crores | 327.34 crores |
| Borrow | 48.84 crores | 51.80 crores |
Koura Fine Company’s ROE is 6.13% and ROCE is 7.64% .
Koura Fine Diamond Jewelry IPO GMP 2024:
| GMP DATE | IPO PRICE | LATEST GMP | EXPECTED LISTING GAIN |
| 6 March 2024 | 55 | 60 | 110 (109.09%) |
| 5 March 2024 | 55 | 60 | 110 (109.09%) |
Is the Koura Fine Diamond Jewelry IPO good or bad?
This company is net profitable, and based on its GMP, we may conclude that the IPO is good. The only way to determine whether an IPO is worth investing in is to look at its subscription and demand when it opens. If the GMP for this IPO remains constant, you can consider investing.
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NOTE: All IPO-related information is provided solely for educational reasons. Before investing in an initial public offering (IPO), consult your financial counselor.
What is the issue size and price of Koura Fine Diamond Jewelry’s IPO?
The IPO for Koura Fine Diamond Jewelry is a fixed-price issue valued at Rs 5.50 crore. The company is issuing 10 lakh additional shares for investors to purchase.
What is the Grey Market Premium (GMP) for Koura Fine Diamond Jewelry’s IPO, and what does it indicate?
The latest Grey Market Premium (GMP) for Koura Fine Diamond Jewelry’s IPO is Rs 60. This indicates a projected listing gain of 109%, suggesting a positive market sentiment towards the IPO and potentially higher demand among investors.
When is the application period for Koura Fine Diamond Jewelry’s IPO, and how can investors apply?
Investors can apply for the IPO between March 6 and March 11, 2024. They can do so through their brokerage accounts or any platform that facilitates IPO applications, ensuring they comply with the application process before the deadline.
On which exchanges will Koura Fine Diamond Jewelry’s IPO be listed, and what is the significance of this listing?
This IPO will be listed on the BSE and SME exchanges, which means the shares of Koura Fine Diamond Jewelry will be publicly traded on these platforms. Listing on these exchanges provides the company with access to capital from the public market and gives investors the opportunity to own a part of the company and potentially benefit from its growth.