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Koura Fine Diamond IPO
Price Band
₹
Issue Size
₹5.5 Cr
Lot Size
2,000 shares
Min Investment
₹110,000
GMP
+₹60.0 (109.09%)
Issue Price
₹55.0
Subject to Sauda
₹91200
Paid only if allotted
Koura Fine Diamond IPO AI Summary
- Koura Fine Diamond IPO is listed on BSE SME in the Gems, Jewellery And Watches sector.
- Subscription window: 06 Mar–11 Mar 2024, listing on 14 Mar 2024.
- Current GMP is +₹60.0 (109.09%) — unofficial and can change daily.
Koura Fine Diamond Jewelry Limited is entering the market with an IPO priced at ₹55. The company has shown a positive trend in total income and profit after tax in its recent financials. It plans to utilize the funds raised for working capital and general corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Koura Fine Diamond IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Mar 2024 — 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
Koura Fine Diamond IPO Grey Market Premium (GMP) Today
GMP
+₹60.0
GMP %
+109.09%
Est. Listing
₹115.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in March 2022, Koura Fine Diamond Jewelry Limited wholesales gold and diamond jewelry. The company offers 22 Karat Gold and 18 Karat Diamond jewellery. The company deals exclusively in jewelry that is certified by the Hallmark. For gold jewelry, the company obtains certification from the Bureau of Indian Standards (BIS) with 91.6% certifications for 22 Karat and from the International Gemmological Institute, India, and (BIS) with 75% certifications for 18 Karat diamond jewelry. The company has been successfully operating in Gujarat and Odisha, both in the western and eastern regions. As of December,31st, 2023, the company has a total strength of 08 employees in various departments.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 |
|---|---|---|
| Assets | 3.53 | 3.27 |
| Total Income | 6.02 | 5.56 |
| Profit After Tax | 0.17 | 0.13 |
| NET Worth | 2.86 | 2.69 |
| Reserves and Surplus | 0.26 | 2.22 |
| Total Borrowing | 0.49 | 0.52 |
Key Ratios
EPS
₹0.52
NAV
₹11.00
ROE
6.13%
ROCE
7.64%
RoNW
5.95%
P/B Value
5.00
P/E Ratio
106.7
Market Cap
₹19.81 Cr
PAT Margin
2.83%
Debt/Equity
0.17
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Tribhovandas Bhimji Zaveri Ltd. | 84.07 | 7.07% | 13.24 | 5.95 | 5.95 |
| Vaibhav Global Ltd | 72.74 | 8.32% | 49.85 | 6.05 | 6.05 |
| Ashapuri Gold Ornament Ltd | 33.2 | 2.16% | 107.63 | 0.71 | 0.71 |
| Koura Fine Diamond Jewelry Limited This IPO | 56.88 | 6.74% | — | 55.89 | 55.89 |
Promoters
Kamlesh Keshavlal Lodhiya
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 Funding the working capital requirements of the company 4.50 2 General Corporate Purposes 0.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹5.56 Cr for the period ending 31 Mar 2023, rising to ₹6.02 Cr by 30 Sep 2023.
Profit Trend
Profit after tax increased from ₹0.13 Cr for the period ending 31 Mar 2023 to ₹0.17 Cr by 30 Sep 2023.
Valuation
At the issue price of ₹55, Koura Fine Diamond Jewelry Limited has an implied P/E of 106.7, compared to peers trading at P/E ratios ranging from 13.24 to 107.63.
Grey Market Premium, Explained
The grey market premium (GMP) is the extra amount investors are willing to pay for shares in the grey market before they are officially listed. A high GMP can indicate strong demand for the shares.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as market conditions and company fundamentals.
Who May Want to Wait
Investors who prefer stable, established companies may want to avoid this IPO, as it is relatively new and operates in a competitive sector.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may see a significant jump in price on their first day of trading, others may not perform as well. Investors should consider market conditions and the company's fundamentals.
This evaluation is generated from Koura Fine Diamond'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 Koura Fine Diamond IPO GMP today?
Koura Fine Diamond IPO GMP today is +₹60.0 (109.09%). GMP is an unofficial grey-market indicator and can change daily.
When does Koura Fine Diamond IPO open and close?
Koura Fine Diamond IPO opens on 06 March 2024 and closes on 11 March 2024.
When does Koura Fine Diamond IPO list on the stock exchange?
Koura Fine Diamond IPO listed on 14 March 2024 at ₹115.0.
What is the lot size for Koura Fine Diamond IPO?
The lot size for Koura Fine Diamond IPO is 2000 shares, requiring a minimum investment of ₹110,000.
What is the lot size for Koura Fine Diamond's IPO?
The lot size is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹110,000.
When does the IPO open and close?
The IPO opens on March 6, 2024, and closes on March 11, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
When is the listing date for Koura Fine Diamond?
The listing date is March 14, 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
06 Mar 2024
Close
11 Mar 2024
Allotment
12 Mar 2024
Listing
14 Mar 2024
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