The Kabra Jewels IPO has become the talk of the town, achieving an impressive oversubscription rate of 127 times. Open for subscription from January 15, 2025, to January 17, 2025, the IPO saw overwhelming participation from retail investors, who subscribed 138.49 times their allotted portion. With a price band of ₹121 to ₹128 per share, the issue size was ₹40 crores, consisting of 3.125 million shares. The allotment status will be finalized by January 20, 2025, and shares are expected to be credited to demat accounts by January 21, 2025, ahead of the NSE listing on January 22, 2025.
Kabra Jewels IPO Review: Key Highlights
Important Dates for Kabra Jewels IPO Allotment Status
- IPO Opening Date: January 15, 2025
- IPO Closing Date: January 17, 2025
- Allotment Finalization Date: January 20, 2025
- Credit of Shares to Demat: January 21, 2025
- Listing Date on NSE: January 22, 2025
Financial Details of Kabra Jewels IPO
- Issue Size: ₹40 crores
- Price Band: ₹121 to ₹128 per share
- Minimum Lot Size: 1,000 shares (minimum investment ₹128,000)
The Kabra Jewels IPO review suggests that the IPO was well-structured, making it appealing to retail and institutional investors. The overwhelming subscription indicates strong demand for the company’s shares in the market.
Kabra Jewels IPO Subscription Status
The Kabra Jewels IPO subscription status is as follows:
- Overall Subscription Rate: 127 times
- Retail Investors: Subscribed 138.49 times
- Non-Institutional Investors (NIIs): Subscribed 89.90 times
- Qualified Institutional Buyers (QIBs): Subscribed 0.96 times
Retail investors played a significant role in the success of the IPO, showcasing immense trust in the company’s future prospects.
Grey Market Premium for Kabra Jewels IPO
The grey market premium (GMP) for Kabra Jewels shares is around ₹105, which suggests an estimated listing price of approximately ₹203 per share. This strong premium reflects the positive sentiment surrounding the IPO and indicates the potential for substantial listing gains.
How to Check Kabra Jewels IPO Allotment Status
You can easily check the Kabra Jewels IPO allotment status using the following steps:
- Visit the registrar’s website: Cameo Corporate Service Limited.
- Enter your PAN or application number.
- Submit the details to view your allotment status.
Alternatively, check the Kabra Jewels IPO allotment status via your brokerage platform or the NSE website.
About Kabra Jewels Limited
Founded in Ahmedabad in 2010 under the brand name “KK Jewels”, Kabra Jewels Limited is renowned for its high-quality gold, diamond, and silver ornaments. The company operates multiple showrooms and has earned a reputation for its craftsmanship. The success of its IPO further cements its position as a leader in the jewelry retail sector.
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Frequently Asked Questions (FAQ)
What is the Kabra Jewels IPO allotment date?
The Kabra Jewels IPO allotment status will be finalized on January 20, 2025.
How can I check the Kabra Jewels IPO allotment status?
You can check the status on the registrar’s website (Cameo Corporate Service Limited) or through your broker’s platform.
What is the Kabra Jewels IPO listing date?
The shares will be listed on January 22, 2025, on the NSE.
What is the grey market premium for Kabra Jewels IPO?
The grey market premium (GMP) is around ₹105, indicating a potential listing price of ₹203.
Is Kabra Jewels IPO a good investment?
The IPO has received overwhelming subscription, and the GMP reflects strong demand. However, investors should always analyze carefully or seek expert advice.