Kabra Jewels IPO allotment: Here’s how to check status on NSE, Cameo Corporate Services

Ahmedabad-based jewellery retailer Kabra Jewels Ltd is expected to finalise the IPO share allotment status on Monday, January 20.

The company’s ₹40-crore initial public offering closed with a whopping subscription driven by retail and non-institutional investors. The IPO was open for subscription on the NSE SME platform from January 15 to January 17.

At the close of bidding on Friday, the issue was subscribed more than 356 times. Investors placed applications for more than 70.73 crore shares worth ₹9,050 crore compared to 19.86 lakh shares on offer.

The Non-Institutional Investors (NIIs) placed bids for 23.75 crore shares against their quota of 4.26 lakh shares. The NIIs portion was subscribed 557.57 times. The retail segment was subscribed 385 times. The retail investors placed bids for 38.22 crore shares against 9.93 lakh shares set aside for them. The Qualified Institutional Buyers (QIBs) placed bids for 8.76 crore shares against the quota of 5.68 lakh shares. The QIBs category was booked 154.53 times.

The investors can easily check the share allotment status on the NSE and the official website of IPO registrar Cameo Corporate Services Ltd.

How to check Kabra Jewels IPO share allotment status on the registrar’s website

• Open the website of Cameo Corporate Services Limited (https://cambridge.cameoindia.com/)
• Click on Useful Links and select IPO status
• Log in with your user ID and password
• Select Company Kabra Jewels Ltd from the Dropdown list (Name will appear after finalisation of the allotment status)
• Enter details of PAN or Application Number
• Enter Captcha
• Click Submit to check the status

Steps to check share allotment status on NSE

• Open NSE IPO allotment page https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Login with username and password provided by NSE
• Select Kabra Jewels Ltd from the list for issue names
• Verify PAN
• Enter IPO application Number
• Click on Submit

Kabra Jewels IPO details

Kabra Jewels IPO was a fresh issue of 31.25 lakh shares. The price band was ₹121 to ₹128 per share, and the lot size was 1,000 shares for retail investors.

The company will initiate refunds on Tuesday, January 21. The same day, shares will be transferred to the allottees' demat accounts.

The tentative listing date for Kabra Jewels' IPO is January 22. Shares of Kabra Jewels Ltd. will be listed on the NSE SME platform.

Kabra Jewels Ltd IPO Objects

Kabra Jewels operates in the retail jewellery sector. The company offers a diverse range of gold, diamond, and silver ornaments, coins, utensils, and other artefacts under the brand name “KK Jewels.”

The company has six showrooms under the brand KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels - Atarashi and KK Jewels - Silver Studio, three offices and one exhibition centre located in Ahmedabad.

Kabra Jewels has proposed using the IPO proceeds to repay borrowings, in part or in full, and finance working capital requirements.

As of November 30, 2024, the company’s total outstanding secured fund-based borrowings amounted to ₹43.97 crore and unsecured borrowings ₹59.09 crore. The company will use ₹10 crore of IPO proceeds for part debt repayment.

The company has proposed to use ₹22 crore to fund working capital requirements.

Kabra Jewels posted revenue of ₹125.28 crore for the April-November period of FY 2024-25. The profit after tax was ₹8.8 crore in the first eight months of the financial year.

Its revenue stood at ₹164.24 crore in 2023-24 against ₹122.34 crore in FY 2022-23. The net profit was ₹9.4 crore in the year ended on March 31, 2024 compared to ₹4.4 crore in the preceding financial year.

Kabra Jewels Key Performance Indicators