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Business News/ Markets / Stock Markets/  Koura Fine Diamond Jewelry IPO: Check price band, issue size, GMP, other key details
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Koura Fine Diamond Jewelry IPO: Check price band, issue size, GMP, other key details

Koura Fine Diamond Jewelry Limited IPO: The SME IPO opens for subscription on March 6, 2024 and closes on March 11, 2024. Issue price has been set at ₹55 per share, while minimum lot size for an application for retail investors is 2000 Shares.

Koura Fine Diamond Jewelry IPO: price band, issue size, GMP, key detailsPremium
Koura Fine Diamond Jewelry IPO: price band, issue size, GMP, key details

Koura Fine Diamond Jewelry Limited IPO: The initial public offer of Koura Fine Diamond Jewelry Limited opens for subscription on March 6, 2024 and closes on March 11, 2024.  The company is offering up to 10,00,000 Equity Shares of face value of 10/- each fully paid up at a price of 55 per share.

The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors there by is 110,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to 220,000. 

Atleast 50% if the shares being issued are reserved for retail investors while 50% are for non-retail investors.

Also Read- V R Infraspace IPO: Check GMP, subscription status on day 1, other key details to know

The allotment for the Koura Fine Diamond Jewelry IPO is expected to be finalized on Tuesday, March 12, 2024. Koura Fine Diamond Jewelry IPO will list on BSE SME with tentative listing date fixed as Thursday, March 14, 2024.

The Lead managers to the Koura Fine Diamond Jewelry IPO are GYR Capital Advisors Private Limited while Registrar to the issue is KFIN Technologies Limited (Formerly known as KFin Technologies Pvt Ltd).

The market maker for Koura Fine Diamond Jewelry IPO is Giriraj Stock Broking.

The fixed price issue of 5.50 crores is a fresh issue of shares. The proceeds from the  Koura Fine Diamond Jewelry IPO are to be utilised for 

a.) Funding of working capital requirements

b.)General corporate purposes

Also Read- Pratham EPC Projects IPO price band set at 71 - 75 per share; SME IPO to open on March 11

About Koura Fine Diamond Jewelry

Koura Fine Diamond Jewelry are jewelry wholesaler in the jewelry industry having experienced entrepreneurs . The Company is engaged in the business of supplying jewelry to retail jewelers, mainly gold and diamond jewelry. Its jewelries' are manufactured on a job work basis.

The promoter of the Company is Kamlesh Keshavlal Lodhiya.

Koura Fine Diamond Jewelry IPO GMP

Koura Fine Diamond Jewelry IPO GMP or grey market premium was 55, which meant shares were trading at  a 100% premium over their issue price of 55 in the grey market according to investorgain.com.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

 

 

 

 

 

 

 

 

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Published: 04 Mar 2024, 05:05 PM IST
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