The Khazanchi Jewellers IPO started on July 24, 2023, and ended on July 28, 2023. Shares were allocated on August 02, 2023, and refund processes began on August 03, 2023. On August 04, 2023, the shares were credited to investors demat accounts. Khazanchi Jewellers was officially listed on the stock exchange on August 07, 2023.
During the IPO, Khazanchi Jewellers offered shares at a price range of ₹140 per share, and the lot size was 1000 shares. The total issue size was ₹97.00 crores, with ₹97.00 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to Retail, 50% were reserved for Other.
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Khazanchi Jewellers IPO Subscription Status
The Khazanchi Jewellers IPO on July 28, 2023 was subscribed 1.26 times, with the retail category being subscribed 0.78 times, the other category being subscribed 1.74 times.
Khazanchi Jewellers IPO Basic Details
|Company Name||Khazanchi Jewellers Limited|
|Domain of Company||Indian Jewellery Industry|
|IPO Open Date||July 24, 2023|
|IPO Close Date||July 28, 2023|
|IPO Allotment Date||August 02, 2023|
|IPO Listing Date||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||Book Built Issue IPO|
|Listing At||BSE SME|
|Company Promoters||Mr Tarachand Mehta and Mr. Goutham|
About Khazanchi Jewellers Limited
Established in 1996, Khazanchi Jewellers Limited is a prominent player in the Indian Jewellery Industry, boasting a strong presence in both wholesale and retail sectors.
The company specializes in a diverse range of jewelry products, including gold and 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 position.
Currently, the company operates a showroom located at No. 130, NSC Bose Road, Sowcarpet Chennai. To expand its business further, Khazanchi Jewellers plans to establish additional showrooms in the same city, utilizing funds raised through an IPO.
The financial performance of Khazanchi Jewellers has been consistently positive in recent years. In the financial years 2020, 2021, and 2022, the company reported PAT (Profit After Tax) of Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
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Khazanchi Jewellers IPO FAQs
What is the start and end date of Khazanchi Jewellers IPO Subscription?
The Khazanchi Jewellers IPO started on July 24, 2023, and ended on July 28, 2023.
When does Khazanchi Jewellers IPO Subscription open?
The Khazanchi Jewellers IPO open on July 24, 2023.
When does Khazanchi Jewellers IPO Subscription close?
The Khazanchi Jewellers IPO Close on July 28, 2023.
What is the allotment date of Khazanchi Jewellers IPO?
The allotment date for Khazanchi Jewellers IPO is August 02, 2023.
When is the initial refund date of Khazanchi Jewellers IPO?
The initial refund date for Khazanchi Jewellers IPO is August 03, 2023.
When were the shares credited to investors demat accounts for the Khazanchi Jewellers IPO?
The shares for the Khazanchi Jewellers IPO were credited to investors demat accounts on August 04, 2023.
When will Khazanchi Jewellers IPO be listed on the stock market?
Khazanchi Jewellers IPO stock market will be listed on August 07, 2023 at 10 am.
What was the price range of the Khazanchi Jewellers IPO shares?
The Khazanchi Jewellers IPO shares were offered at a price range of ₹140 per share.
What was the lot size for the Khazanchi Jewellers IPO shares?
The lot size for the Khazanchi Jewellers IPO shares was 1000 shares.
What was the total issue size of the Khazanchi Jewellers IPO?
The total issue size of the Khazanchi Jewellers IPO was ₹97.00 crores.
How were the shares allocated among different types of investors for the Khazanchi Jewellers IPO?
50% of the shares were allocated to other, 50% were reserved for retail investors.
On which stock exchanges was the Khazanchi Jewellers IPO listed?
The Khazanchi Jewellers IPO was listed on the BSE SME.
What is the Khazanchi Jewellers IPO Subscription Status?
Khazanchi Jewellers IPO is subscribed 1.26 Times.