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Kabra Jewels IPO
Price Band
₹121.0–128.0
Issue Size
₹40.0 Cr
Lot Size
1,000 shares
Min Investment
₹128,000
GMP
+₹123.0 (96.09%)
Issue Price
₹128.0
Subject to Sauda
₹93500
Paid only if allotted
Kabra Jewels IPO AI Summary
- Kabra Jewels IPO is listed on NSE SME in the Gems, Jewellery And Watches sector.
- Price band: ₹121.0–₹128.0 per share, lot size 1,000 shares (min. investment ₹128,000).
- Subscription window: 15 Jan–17 Jan 2025, listing on 22 Jan 2025.
- Current GMP is +₹123.0 (96.09%), an estimated listing price of ₹251 — unofficial and can change daily.
Kabra Jewels Limited is set to launch its IPO with a price band of ₹121 to ₹128, aiming to raise ₹40 Cr. The company has shown growth in total income and profit over the past few years and plans to use the proceeds for debt repayment, working capital, and other corporate purposes. Investors should consider their risk profile and the potential for listing gains when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Kabra Jewels IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kabra Jewels IPO Grey Market Premium (GMP) Today
GMP
+₹123.0
GMP %
+96.09%
Est. Listing
₹251.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2010, Kabra Jewels Limited is engaged in the retail jewelry business, offers a diverse collection of gold, diamond, and silver ornaments. The company designs, manufactures, and sells a wide range of gold, studded, and other jewelry products across various price, ranging from jewelry for special occasions, such as weddings, which is their highest-selling product category, to daily-wear jewelry. The company operates 6 showrooms in Ahmedabad under the brands KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels - Atarashi, and KK Jewels - Silver Studio, along with 3 offices and 1 exhibition center. Business Model: Model 1: Where the company procures goods directly from vendors (General Designs) like Chains, Rings, Pendants, Earrings. Model 2: Where the company customizes jewelry based on their in-house specialized designs or customer orders. They select vendors or karigars based on their expertise for the jewelry to be manufactured like Necklace, Mang tikka, earrings, Bracelet. Products: Rings, Earrings, Pendants, Nose, Bracelets, Chains, Necklaces and Bangles. As on November 30, 2024, the company has employed 121 employees. Competitve Strength: Established brand Quality of the products Experienced promoters with established track record of operations Well established relationship with the artisans Design and Innovation in the product range Experienced management team and a motivated & efficient work force.
Company Financials (₹ Cr)
As of 2024-11-30
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 169.43 | 140.56 | 113.07 | 74.01 |
| Total Income | 125.48 | 164.24 | 122.34 | 112.13 |
| Profit After Tax | 8.81 | 9.40 | 4.41 | 5.40 |
| NET Worth | 39.87 | 31.06 | 21.66 | 17.26 |
| Reserves and Surplus | 32.51 | 30.60 | 21.20 | 16.80 |
| Total Borrowing | 103.07 | 89.97 | 69.83 | 47.30 |
Key Ratios
EPS
₹12.77
NAV
₹42.20
ROE
30.25%
ROCE
18.23%
RoNW
30.25%
P/B Value
3.03
P/E Ratio
10.03
Market Cap
₹134.21 Cr
PAT Margin
5.73%
Debt/Equity
2.90
Peer Comparison
| Company | P/E (x) | NAV | RoNW |
|---|---|---|---|
| DP Abhushan Limited | 30.08 | — | — |
| RBZ Jewellers Limited | 27.97 | — | — |
| Motisons Jewellers Limited | 37.22 | — | — |
| Kabra Jewels Limited This IPO | — | 42.2 | 30.25% |
Promoters
Kailash Kabra and Jyothi Kailash Kabra
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment of certain borrowings availed by the Company, in part or full 10.00 2 To meet working capital requirements 22.00 3 General Corporate Purposes 3.99 4 Issue expenses 4.01 Total 40.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹112.13 Cr in the year ending 31 Mar 2022, rising to ₹122.34 Cr by 31 Mar 2023, then increasing to ₹164.24 Cr in the year ending 31 Mar 2024. However, the most recent figure of ₹125.48 Cr as of 30 Nov 2024 is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹5.40 Cr in the year ending 31 Mar 2022, increasing to ₹4.41 Cr by 31 Mar 2023. This then rose to ₹9.40 Cr in the year ending 31 Mar 2024, followed by a slight decrease to ₹8.81 Cr as of 30 Nov 2024, though this is also a 9-month figure and not a full year.
Valuation
Kabra Jewels has an implied P/E ratio of 10.03 at the issue price, compared to peers trading at P/E ratios ranging from 27.97 to 37.22.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the estimated premium at which shares of an IPO are expected to list on the stock exchange compared to their issue price. A high GMP suggests strong demand for the shares in the grey market, while a low or negative GMP may indicate weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their own risk tolerance and investment goals, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, as they can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on January 15, 2025, and closes on January 17, 2025. Allotment of shares is expected on January 20, 2025, with the listing date set for January 22, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares of an IPO are listed on the stock exchange. However, investing in IPOs carries risks, as the stock price can fluctuate significantly on the listing day based on market demand and overall investor sentiment.
This evaluation is generated from Kabra Jewels's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Kabra Jewels IPO GMP today?
Kabra Jewels IPO GMP today is +₹123.0 (96.09%), indicating an estimated listing price of ₹251. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Kabra Jewels IPO?
The price band of Kabra Jewels IPO is ₹121.0–₹128.0 per share.
When does Kabra Jewels IPO open and close?
Kabra Jewels IPO opens on 15 January 2025 and closes on 17 January 2025.
When does Kabra Jewels IPO list on the stock exchange?
Kabra Jewels IPO listed on 22 January 2025 at ₹251.0.
What is the lot size for Kabra Jewels IPO?
The lot size for Kabra Jewels IPO is 1000 shares, requiring a minimum investment of ₹128,000.
What is the price band for the Kabra Jewels IPO?
The price band for the Kabra Jewels IPO is ₹121 to ₹128.
What is the minimum investment required for this IPO?
The minimum investment required is ₹128,000, which corresponds to a lot size of 1000 shares.
When is the listing date for the Kabra Jewels IPO?
The listing date for the Kabra Jewels IPO is January 22, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the estimated premium at which shares are expected to list compared to their issue price.
What is the allotment date for the shares?
The allotment date for the shares is January 20, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Jan 2025
Close
17 Jan 2025
Allotment
20 Jan 2025
Listing
22 Jan 2025
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