Khazanchi Jewellers IPO Details ( Khazanchi Jewellers Limited IPO Review )
(24 Jul 2023 – 28 Jul 2023)
Founded in 1996, Khazanchi Jewellers Limited is a prominent player in the Indian Jewellery Industry, boasting a strong presence in both wholesale and retail sectors.
Specializing in a wide array of jewelry products, the company offers gold, diamond jewelry, precious stones, fancy jewelry, as well as bullion in the form of coins and bars.
With a rich history spanning over three decades in the Indian jewelry industry, Khazanchi Jewellers has earned a reputable status.
Currently, the company operates a showroom at No. 130, NSC Bose Road, Sowcarpet Chennai. To expand its business further, the company plans to establish more showrooms in the same city using funds generated through the IPO.
Over the past years, Khazanchi Jewellers has demonstrated positive financial performance. In the financial years 2020, 2021, and 2022, the company reported a PAT (Profit After Tax) of Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
Khazanchi Jewellers Limited Company Product
- Temple Jewellery
- Gold Chains
- Gold Bangles
- Gold Nose Pins
- Gold Earrings
- Gold Necklace
- Gold Rings
- Mangalsutra
- Kundan Jewellery
- Kerela Jewellery
- Calcutta Jewellery
Khazanchi Jewellers Limited IPO Competitive Strength
- Wide product range
- Experience of our Promoters and senior management team
- Quality assurance
- Cordial relationship with our customers
- Location of the Showroom
- Setting up new showroom to widen our product portfolio and increase our capacity
- Increase our customer network in existing markets and enter new geographical markets
- Strengthen our Inventory Management practices
- Customer Centric Operations
Khazanchi Jewellers IPO Financials Performance ( Results )
Khazanchi Jewellers Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 10,379.93 | 36,165.36 | 230.71 | 2.32 | 2,269.33 | – | 1,276.21 | 7,786.00 |
| 31-Mar-21 | 11,319.79 | 38,242.89 | 275.58 | 2.77 | 2,544.91 | – | 1,551.79 | 7,480.12 |
| 31-Mar-22 | 12,436.20 | 25,799.75 | 326.62 | 3.29 | 2,871.53 | 28.91 | 1,878.41 | 8,412.38 |
| 31-Mar-23 | 14,506.80 | 48,181.65 | 756.49 | 7.62 | 3,604.99 | 36.30 | 2,611.87 | 8,462.47 |
Objective of IPO Issue
- To finance the establishment of the new showroom at Chennai, Tamil Nadu – (a) Capital Expenditure for the new showroom, (b) Inventory cost for the new showroom
- To augment the working capital requirements of the existing operations and
- For general corporate purposes
Khazanchi Jewellers IPO Basic Details
| IPO Date | Jul 24, 2023 to Jul 28, 2023 |
| Listing Date | Monday, August 07, 2023 |
| Face Value | ₹10 per share |
| Price | ₹140 per share |
| Lot Size | 1000 Shares |
| Issue Size | 6,910,000 shares (aggregating up to ₹97.00 Cr) |
| Fresh Issue | 6,910,000 shares (aggregating up to ₹97.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 17,836,900 |
| Share holding post issue | 24,746,900 |
| Company Promoters | Mr Tarachand Mehta and Mr. Goutham |
Khazanchi IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Khazanchi Jewellers IPO Timetable
Khazanchi Jewellers IPO will open on July 24, 2023 and close on July 28, 2023. You can join Khazanchi Jewellers IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 24 July 2023 (Monday) |
| Closing Date | 28 July 2023 (Friday) |
| Basis of Allotment | 02 August 2023 (Wednesday) |
| Initiation of Refunds | 03 August 2023 (Thursday) |
| Credit of Shares to Demat | 04 August 2023 (Friday) |
| Listing Date | 07 August 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 28 July 2023 |
Khazanchi Jewellers IPO Lot Size
For retail investors in Khazanchi Jewellers IPO, 1000 shares will come in 1 lot or the minimum investment will be ₹140,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹140,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹140,000 |
| Retail (Max) | 1 | 1000 | ₹140,000 |
| S-HNI (Min) | 2 | 2000 | ₹280,000 |
Khazanchi Jewellers IPO Promoter Holding
The company’s promoters include Mr Tarachand Mehta and Mr. Goutham.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Khazanchi Jewellers Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 346.46 |
| Earning Per Share (EPS) | ₹7.62 per Equity Share |
| Net Asset Value (NAV) | ₹36.30 per Equity Share |
| P/E Ratio (P/E) (x) | 45.75 |
| Return on Net Worth (RoNW) (%) | 20.98 |
| Return on equity (ROE) (%) | 20.98 |
| Return on Capital Employed (ROCE) (%) | 18.91 |
| Debt/Equity Ratio | 1.45 |
| Upper Price/Book Value (Price/BV) Ratio | 3.86 |
Khazanchi Jewellers Ltd IPO Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Khazanchi Jewellers Ltd | Standalone | 140 | 10 | 7.62 | 45.75 | 20.98 | 36.30 |
| Peer Group | |||||||
| Deep Diamond India Limited | Standalone | 8.16 | 1 | 0.62 | 13.25 | 2.57 | 23.99 |
| Eighty Jewellers Limited | Standalone | 50.99 | 10 | 2.77 | 18.40 | 18.28 | 15.16 |
| Patdiam Jewellery Ltd | Standalone | 242.50 | 10 | 14.49 | 16.74 | 13.79 | 105.05 |
Khazanchi Jewellers IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 5 August 2023 | ₹0 | – | – |
| 4 August 2023 | ₹0 | – | – |
| 3 August 2023 | ₹0 | – | – |
| 2 August 2023 | ₹0 | – | – |
| 1 August 2023 | ₹2 | – | – |
| 31 July 2023 | ₹2 | – | – |
| 30 July 2023 | ₹2 | – | – |
| 29 July 2023 | ₹2 | – | – |
| 28 July 2023 | ₹2 | – | – |
| 27 July 2023 | ₹2 | – | – |
| 26 July 2023 | ₹2 | – | – |
| 25 July 2023 | ₹2 | – | – |
| 24 July 2023 | ₹2 | – | – |
| 23 July 2023 | ₹3 | – | – |
| 22 July 2023 | ₹3 | – | – |
| 21 July 2023 | ₹2 | – | – |
Khazanchi Jewellers Ltd IPO Detail Video:
Khazanchi Jewellers IPO Subscription Status (Bidding Detail)
The Khazanchi Jewellers IPO on July 28, 2023 at 7:30:00 PM was subscribed 1.26 times, with the retail category being subscribed 0.78 times, the other category being subscribed 1.74 times.
| Category | Subscription |
| Other | 1.74x |
| Retail | 0.78x |
| Total | 1.26x |
Khazanchi Jewellers IPO Prospectus
| Khazanchi Jewellers IPO DRHP | Download |
| Khazanchi Jewellers IPO RHP | Download |
| Khazanchi Jewellers IPO Anchor Investors Details PDF | Download |
Khazanchi Jewellers IPO Rating
| Our Rating | 1.0/5.0 |
Khazanchi Jewellers Company Contact Information
Khazanchi Jewellers Limited
Registered Office: No. 130, NSC Bose Road, Sowcarpet, Chennai – 600 079,
Tamil Nadu, India
Tel: +91 44 4201 5915;
E-mail: info@khazanchi.co.in
Website: www.khazanchi.co.in
Contact Person: Ms. Sakshi Jain, Company Secretary and Compliance Officer
Our Promoters: Tarachand Mehta And Goutham
Khazanchi Jewellers IPO Registrar
Cameo Corporate Services Limited
Address: Subramanian Building, No. 01, Club House Road,
Chennai-600 002,Tamil Nadu, India.
Tel. No.: +91 44 4002 0700/0710/2846 0390
Email ID: investor@cameoindia.com
Investor Grievance Email ID: investor@cameoindia.com
Contact Person: Sree Priya K.
Website: www.cameoindia.com
SEBI Registration No.: INR000003753
Khazanchi Jewellers IPO Lead Manager
Mark Corporate Advisors Private Limited
Address: 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Maharashtra, India
Tel. No.: +91 22 2612 3208
Email ID: smeipo@markcorporateadvisors.com
Investor Grievance Email ID: investorgrievance@markcorporateadvisors.com
Contact Person: Niraj Kothari
Website: www.markcorporateadvisors.com
SEBI Registration No.: INM000012128
Khazanchi Jewellers IPO FAQs
What is the lot size of Khazanchi Jewellers IPO?
The total size of Khazanchi Jewellers IPO is ₹97.00 crores and this is a complete fresh Issue.
When will Khazanchi Jewellers IPO start?
Khazanchi Jewellers IPO will open from 24 July 2023 and IPO will close on 28 July 2023.
What is the open date of Khazanchi Jewellers IPO?
Khazanchi Jewellers IPO will open date from 24 July 2023.
What is the last date ( close date ) of Khazanchi Jewellers IPO?
Khazanchi Jewellers IPO will close from 28 July 2023.
What is the price band of Khazanchi Jewellers IPO?
Khazanchi Jewellers IPO price band is ₹140.
What is the minimum amount required to apply for Khazanchi Jewellers IPO?
The minimum investment for retailers to apply for Khazanchi Jewellers IPO is ₹140,000 and the maximum investment is ₹140,000.
What is going on gray market premium of Khazanchi Jewellers IPO?
View gray market premium of Khazanchi Jewellers IPO by Clicking Here
How much is the GMP of Khazanchi Jewellers IPO?
Watch Khazanchi Jewellers IPO GMP Today: Click Here
What is the allotment date of Khazanchi Jewellers IPO?
The allotment date of Khazanchi Jewellers IPO is 02 Aug 2023.
How to check allotment status in Khazanchi Jewellers IPO?
To check the allotment status of Khazanchi Jewellers IPO, first of all go to the registrar website by clicking here, select your bad Khazanchi Jewellers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Khazanchi Jewellers IPO?
The listing date of Khazanchi Jewellers IPO is 07 Aug 2023.
How much will be the listing gain in Khazanchi Jewellers IPO?
View listing gain of Khazanchi Jewellers IPO by Clicking Here
How much time Khazanchi Jewellers IPO is subscribed?
Total 1.26 times subscribed in Khazanchi Jewellers IPO out of which 0.78 times subscription was done in retail quota, 1.74 times subscription in Other quota.
How to apply for Khazanchi Jewellers IPO from Upstox?
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How to apply for Khazanchi Jewellers IPO from Zerodha?
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How to apply for Khazanchi Jewellers IPO from Angle One?
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