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Open
24 Jul 2023
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Close
28 Jul 2023
3
Allotment
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Listing
Mon, Aug 7, 2023
Price Band
₹140 per share
Issue Size
69,10,000 shares (agg. up to ₹97 Cr)
Lot Size
1,000 Shares
Listing Date
Mon, Aug 7, 2023
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
07-08-2023₹0Est. ₹140+0%
06-08-2023₹0Est. ₹140+0%
05-08-2023₹0Est. ₹140+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.22x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 145.07 | 124.36 | 113.20 | 103.80 |
| Total Income | 481.82 | 258.00 | 382.43 | 361.65 |
| Profit After Tax | 7.56 | 3.27 | 2.76 | 2.31 |
| NET Worth | 36.05 | 28.72 | 25.45 | 22.69 |
| Reserves and Surplus | 26.12 | 18.78 | 15.52 | 12.76 |
| Total Borrowing | 84.62 | 84.12 | 74.80 | 77.86 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Dev Labtech Venture Ltd. | SME | ₹11.22 Cr | ₹51 | 32.9 | ₹50.21 | -1.55% | ₹19.60 (-2.05%) |
| PNGS Gargi Fashion Jewellery Ltd. | SME | ₹7.80 Cr | ₹30 | 6.77 | ₹59.85 | +99.50% | ₹665.35 (-1.58%) |
| Senco Gold Ltd. | Mainboard | ₹405.00 Cr | ₹317 | 15.53 | ₹405.30 | +27.85% | ₹365.50 (-2.04%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To finance the establishment of the new showroom at Chennai, Tamil Nadu: Estimated Capital Expenditure for the new showroom and Estimated Inventory cost for the new showroom | 28.62 |
| 2 | Augmenting the working capital requirements of the existing operations | 55.00 |
| 3 | General Corporate Purposes | 12.00 |
About Khazanchi Jewellers IPO
Incorporated in 1996, Khazanchi Jewellers Limited is a Chennai-based company engaged in the Jewellery segment. The organization started its operations in 1989 and today marks its presence in both the wholesale and retail sectors. Khazanchi Jewellers primarily deals in Gold and Silver Jewelry. Their wide product range constitutes earrings, necklaces, chains, pendants, rings, bangles, bracelets, nose pins, mangalsutra and so on. 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 showrooms in the same city through funds to be received by way of the IPO. Other enterprises of the Khazanchi Jewellers Groups are Sutaliya Finance Private Limited, Khazanchi Silvers Private Limited, Silverslane Proprietorship firm, Pathik Sales Private Limited, and KJ Estates Partnership Firm. Khazanchi Jewellers Limited is led by Mr. Tarachand Mehta, Managing Director, and Mr. Goutham, Executive Director of the company. Khazanchi Jewellers had positive financial reports over the past years. For the financial years 2020, 2021, and 2022, the PAT of the company was Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.
Contact Details
Khazanchi Jewellers Ltd. AddressNo: 130, NSC Bose RoadSowcarpetChennai, Tamil Nadu, 600079+91 44 4201 5915info@khazanchi.co.inVisit Website