Koura Fine Diamond Jewelry Limited was incorporated in March 2022 and specializes in wholesaling 22 Karat Gold and 18 Karat Diamond jewelry, exclusively certified by the Hallmark. The subscription window for the Koura Fine Diamond Jewelry IPO opened on March 6, 2024, and is scheduled to close on March 11, 2024.
Koura Fine Diamond Jewelry IPO (Image Source: L:kouradiamondjewelry website, R: iStockphoto)
In a bid to raise Rs 5.50 crores, Koura Fine Diamond Jewelry Limited has launched its Initial Public Offering (IPO). The IPO comprises an entirely fresh issue of 10 lakh shares
Koura Fine Diamond Jewelry IPO Price Band
The Koura Fine Diamond Jewelry is launched with a fixed price of Rs 55 per share with a minimum lot size set at 2000 shares, requiring a minimum investment of Rs 110,000 for retail investors and Rs 220,000 for High Net Worth Individuals (HNI).
Koura Fine Diamond Jewelry IPO Subscription Window
The subscription window for the Koura Fine Diamond Jewelry IPO opened on March 6, 2024, and is scheduled to close on March 11, 2024.
Koura Fine Diamond Jewelry IPO Allotment Date
The allotment process of Koura Fine Diamond Jewelry IPO is expected to conclude on March 12, 2024.
Koura Fine Diamond Jewelry IPO Listing Date
The tentative listing of Koura Fine Diamond Jewelry IPO on BSE SME is scheduled for March 14, 2024.
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.
Koura Fine Diamond Jewelry IPO Purpose
The funds generated through this IPO will be allocated to meet the company’s working capital requirements and for general corporate purposes.
Koura Fine Diamond Jewelry Limited was incorporated in March 2022 and specializes in wholesaling 22 Karat Gold and 18 Karat Diamond jewelry, exclusively certified by the Hallmark. The company adheres to stringent quality standards, obtaining certifications from the Bureau of Indian Standards (BIS) for 22 Karat gold jewelry and from the International Gemmological Institute, India, for 18 Karat diamond jewelry.
GYR Capital Advisors Private Limited is overseeing the IPO as the book running lead manager, while Kfin Technologies Limited serves as the registrar for the issue. Giriraj Stock Broking has taken on the role of market maker.
(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.)
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