Koura Fine Diamond Jewelry Limited was established in March 2022 and it specialises in wholesaling gold and diamond jewelry, offering 22 Karat Gold and 18 Karat Diamond jewelry. Koura Fine Diamond Jewelry IPO’s bidding commenced on March 6, 2024, and is scheduled to conclude on March 11, 2024.
Koura Fine Diamond Jewelry IPO (Image Source: iStockphoto)
Koura Fine Diamond Jewelry is set to make its market debut through a fixed price initial public offering (IPO) valued at Rs 5.50 crores. The IPO consists entirely of fresh issuance of 10 lakh shares.
Koura Fine Diamond Jewelry IPO Subscription Window
The bidding for the Koura Fine Diamond Jewelry IPO commenced on March 6, 2024, and is scheduled to conclude on March 11, 2024.
Koura Fine Diamond Jewelry IPO Allotment Date
The allotment process of is Koura Fine Diamond Jewelry IPO expected to be finalised on Tuesday, March 12, 2024.
Koura Fine Diamond Jewelry IPO Listing Date
The Koura Fine Diamond Jewelry IPO is slated to list on BSE SME on Thursday, March 14, 2024.
Koura Fine Diamond Jewelry IPO Price Band
Koura Fine Diamond Jewelry IPO is priced at Rs 55 per share, the IPO’s minimum lot size for an application is set at 2000 shares, requiring a minimum investment of Rs 110,000 for retail investors. High Net Worth Individuals (HNIs) are required to invest in a minimum of 2 lots (4,000 shares) amounting to Rs 220,000.
Koura Fine Diamond Jewelry IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Koura Fine Diamond Jewelry IPO are commanding a GMP in the price range of Rs 50 – Rs 70 in the unlisted market.
GYR Capital Advisors Private Limited serves as the book running lead manager for the Koura Fine Diamond Jewelry IPO, with Kfin Technologies Limited appointed as the registrar. Giriraj Stock Broking functions as the market maker.
The funds raised through this IPO will be channeled towards addressing the company’s working capital requirements and fulfilling general corporate purposes.
About Koura Fine Diamond Jewelry
Koura Fine Diamond Jewelry Limited was established in March 2022 and it specialises in wholesaling gold and diamond jewelry, offering 22 Karat Gold and 18 Karat Diamond jewelry. With successful operations in Gujarat and Odisha, covering both western and eastern regions, the company has built a robust team with a total workforce of 08 employees across various departments as of December 31, 2023.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
Read More: Koura Fine Diamond Jewelry IPO: Check Latest GMP, Allotment Date, And Other