Kabra Jewels Limited (KJL) is a prominent retail jewelry company specializing in a diverse range of gold, diamond, and silver ornaments. Operating under the brand name “KK Jewels,” the company offers an extensive product portfolio that includes rings, earrings, pendants, bracelets, chains, necklaces, bangles, and other wedding jewelry, catering to a broad customer base.
In January 2025, Kabra Jewels Limited announced its Initial Public Offering (IPO), aiming to raise capital to further expand its operations and market presence. The IPO has garnered attention from investors, given the company’s steady growth and strategic market positioning.
Kabra Jewels Limited IPO Details & Tentative Schedule
| IPO Date | January 15, 2025 to January 17, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹121 to ₹128 per share |
| Lot Size | 1,000 Shares |
| Total Offer Size | 31,25,000 shares (aggregating up to ₹40.00 Cr) |
| Fresh Issue | 31,25,000 shares (aggregating up to ₹ 40.00 Cr) |
| Offer for Sale | |
| Share Holding Pre Issue | 73,60,000 shares |
| Share Holding Post Issue | 1,04,85,000 shares |
| Listing | NSE SME |
| Registrar | Cameo Corporate Services Limited |
| IPO Open Date | Wednesday, January 15, 2025 |
| IPO Close Date | Friday, January 17, 2025 |
| Basis of Allotment | Monday, January 20, 2025 |
| Initiation of Refunds | Tuesday, January 21, 2025 |
| Credit of Shares to Demat | Tuesday, January 21, 2025 |
| Listing Date | Wednesday, January 22, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 17, 2025 |
Kabra Jewels Limited Promoter Holdings
Kailash Kabra and Jyothi Kailash Kabra are the promoters of the company.
| Share Holding Pre Issue | 89.12% |
| Share Holding Post Issue | 62.55% |
Kabra Jewels Limited Reservation
IPO Reservation Table
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹1,28,000 |
| Retail (Max) | 1 | 1000 | ₹1,28,000 |
| HNI (Min) | 2 | 2,000 | ₹2,56,000 |
About Kabra Jewels Limited
Kabra Jewels Limited, originally incorporated as Kabra & Malpani Jewels Private Limited in 2010, is a Gujarat-based jewelry company specializing in the design, manufacture, and retail of gold, diamond, and silver ornaments. The company operates under the brand name “KK Jewels” and offers a wide range of products such as rings, necklaces, bracelets, pendants, bangles, and wedding jewelry
Key Features and Offerings
1. Diverse Product Range: Kabra Jewels specializes in gold, diamond, and silver jewelry, offering items like rings, necklaces, bracelets, bangles, and wedding jewelry.
2. Specialized Showrooms: The company operates six showrooms in Ahmedabad, each focusing on specific categories such as bridal, diamond, silver, and gold jewelry.
3. Customization Services: Kabra Jewels provides personalized jewelry design options for special occasions like weddings.
4. High-Quality Standards: Kabra Jewels emphasizes quality and authenticity in all its products.
5. Affordable Luxury: It aims to offer premium designs at competitive prices to cater to a wide customer base.
Strategic Vision
Kabra Jewels Limited envisions becoming a leading name in the jewelry industry by blending traditional craftsmanship with modern innovation to cater to diverse customer preferences. The company aims to expand its market presence through a combination of premium product offerings, customer-centric customization services, and a strong emphasis on quality and authenticity.
Products Offered by Kabra Jewels Limited
1. Gold Jewelry: Traditional and modern necklaces, bangles, chains, and rings.
2. Diamond Jewelry: Exclusive diamond-studded earrings, pendants, and bracelets.
3. Silver Jewelry: Anklets, bracelets, and designer silver accessories.
4. Wedding Collections: Bridal jewelry including heavy necklaces, bangles, and maang tikka.
5. Customized Jewelry: Personalized designs for special occasions.
6. Fusion Designs: A blend of traditional and contemporary styles.
Strengths and Business Highlights
1. Established Brand Reputation: Kabra Jewels has a strong foothold in the jewelry market with a reputation for quality craftsmanship and design.
2. Wide Product Range: The company offers a variety of jewelry, from traditional pieces to contemporary designs, catering to diverse customer preferences.
3. Experienced Management Team: With a team of seasoned professionals, Kabra Jewels benefits from strategic leadership and a deep understanding of the jewelry industry.
4. Strong Customer Base: Kabra Jewels has built a loyal customer base, bolstered by a focus on customer satisfaction and trust.
5. Growth Potential: The jewelry market continues to grow, and Kabra Jewels is well-positioned to capitalize on expanding domestic and international opportunities.
6. Successful Market Expansion: The company has expanded its presence in key markets, positioning itself for continued growth both online and offline.
7. Strong Distribution Network: The company has an established distribution network through retail stores and online platforms, ensuring accessibility to customers nationwide.
Objectives of the IPO
1. Raising Capital for Expansion: A primary objective of the IPO is to raise funds to finance the company’s growth initiatives, including expanding its retail presence, both domestically and internationally.
2. Debt Reduction: Kabra Jewels may use the proceeds to pay down existing debt, thereby improving its financial position and reducing interest expenses.
3. Enhancement of Production Capabilities: The company plans to invest in upgrading its manufacturing processes and expanding production facilities, ensuring the capacity to meet growing market demand.
Risks Involved
1. Market Competition: The jewelry industry is highly competitive, with many players offering similar products. Kabra Jewels will need to differentiate itself to maintain market share.
2. Fluctuations in Gold and Raw Material Prices: As a jewelry manufacturer, Kabra Jewels is vulnerable to price volatility in gold, diamonds, and other precious metals, which could impact its cost structure and profitability.
3. Regulatory and Legal Risks: Changes in government regulations, taxes, or import/export restrictions could affect operations, especially if the company expands its international footprint.
Market Potential and Industry Overview
1. Growing Demand for Luxury Jewelry: The global jewelry market has been experiencing steady growth, driven by increasing disposable income, especially in emerging markets. As consumer spending on luxury goods rises, the demand for high-quality, branded jewelry like Kabra Jewels is expected to grow.
2. Rising Preference for Customization: Customers are increasingly seeking personalized and unique jewelry pieces, a trend that Kabra Jewels can leverage with its ability to offer bespoke designs and tailored products.
3. Growth in Indian Jewelry Market: The Indian jewelry market is one of the largest globally, with robust growth prospects. With the rise of middle-class income and increased urbanization, the potential for Kabra Jewels to tap into this expanding market is significant.
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 30 Nov 2024 |
| Assets | 7,401.16 Lakhs | 11,307.33 Lakhs | 14,056.17 Lakhs | 16,942.59 Lakhs |
| Revenue | 11,212.54 Lakhs | 12,234.02 Lakhs | 16,424.32 Lakhs | 12,548.47 Lakhs |
| Profit After Tax | 1,725.66 Lakhs | 440.58 Lakhs | 939.64 Lakhs | 880.89 Lakhs |
| Net Worth | 27.66 Lakhs | 2,166.24 Lakhs | 3,105.88 Lakhs | 3,986.78 Lakhs |
| Reserves and Surplus | 1,679.66 Lakhs | 2,120.24 Lakhs | 3,059.88 Lakhs | 3,250.78 Lakhs |
| Total Borrowing | 4,730.26 Lakhs | 6,982.62 Lakhs | 8,996.84 Lakhs | 10,307.08 Lakhs |
Key Performance Indicators
The market capitalization of Kabra Jewels IPO is Rs 134.21 Cr.
Revenue Growth
| Financial Year | Value |
| FY 2021-22 | ₹11,208 lakhs |
| FY 2022-23 | ₹12,227 lakhs |
| FY 2023-24 | ₹16,400 lakhs |
Profit After Tax (PAT)
| Financial Year | Value |
| FY 2021-22 | ₹540 lakhs |
| FY 2022-23 | ₹441 lakhs |
| FY 2023-24 | ₹940 lakhs |
Return on Equity (ROE)
| Financial Year | Value |
| FY 2021-22 | 31.32% |
| FY 2022-23 | 20.34% |
| FY 2023-24 | 30.25% |
Return on Capital Employed (ROCE)
| Financial Year | Value |
| FY 2021-22 | 18.26% |
| FY 2022-23 | 13.62% |
| FY 2023-24 | 18.23% |
Debt-to-Equity Ratio
| Financial Year | Value |
| FY 2021-22 | 2.74 |
| FY 2022-23 | 3.22 |
| FY 2023-24 | 2.90 |
Kabra Jewels Limited IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) | P/E(x) | RoNW (%) | P/BV Ratio | Financial Statements |
| Kabra Jewels Limited | 42.2 | 30.25 | 3.05 | ||||
| Motisons Jewellers Limited | 37.22 | ||||||
| RBZ Jewellers Limited | 27.97 | ||||||
| DP Abhushan Limited | 30.08 |
Kabra Jewels IPO Prospectus
Kabra Jewels Limited Contact Details
Kabra Jewels Limited
Shop no.6, Ground Floor,
Iscon Center, Besides Tanishq,
Shivranjani Cross Road, Satellite Ahmedabad 380015
Phone: +91 93288 71207
Email: cs.kkjewels@gmail.com
Website: https://kkjewels.org/
Kabra Jewels IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Kabra Jewels IPO Lead Manager(s)
1. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
Kabra Jewels Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
| 20-01-2025 | ₹128.00 | ₹120 | 91200 | ₹248 (93.75%) | 20-01-2025 |
| 19-01-2025 | ₹128.00 | ₹125 | 95000 | ₹253 (97.66%) | 19-01-2025 |
| 18-01-2025 | ₹128.00 | ₹125 | 95000 | ₹253 (97.66%) | 18-01-2025 |
| 17-01-2025 | ₹128.00 | ₹125 | 95000 | ₹253 (97.66%) | 17-01-2025 |
| 16-01-2025 | ₹128.00 | ₹105 | 79800 | ₹233 (82.03%) | 16-01-2025 |
| 15-01-2025 | ₹128.00 | ₹90 | 68400 | ₹218 (70.31%) | 15-01-2025 |
| 14-01-2025 | ₹128.00 | ₹75 | 57000 | ₹203 (58.59%) | 14-01-2025 |
| 13-01-2025 | ₹128.00 | ₹50 | 57000 | ₹178 (39.06%) | 13-01-2025 |
| 12-01-2025 | ₹128.00 | ₹0 | ₹128 (0%) | 12-01-2025 | |
| 11-01-2025 | ₹128.00 | ₹0 | ₹128 (0%) | 11-01-2025 | |
| 10-01-2025 | ₹128.00 | ₹0 | ₹128 (0%) | 10-01-2025 | |
| 09-01-2025 | ₹128.00 | ₹0 | ₹128 (0%) | 09-01-2025 |
Frequently Asked Questions (FAQs)
1. What is Kabra Jewels?
Kabra Jewels Limited is an Indian jewelry company known for its high-quality, traditional and contemporary designs, offering gold, diamond, and gemstone jewelry. The company focuses on craftsmanship, ethical sourcing, and expanding its presence both domestically and internationally
2. What are the key details of the Kabra Jewels IPO?
IPO Opening Date: January 15, 2025
IPO Closing Date: January 17, 2025
Price Band: ₹121 to ₹128 per share
Lot Size: 1,000 Shares
Issue Size: 31,25,000 shares (aggregating up to ₹40.00 Cr)
3. How can I apply for the Kabra Jewels IPO?
You can apply through:
ASBA (Applications Supported by Blocked Amount): via your bank’s net banking portal.
UPI (Unified Payments Interface): using stockbroking platforms such as Zerodha, Upstox, Groww, or Paytm Money.
4. When will the IPO allotment status be announced?
The allotment status will be available on the registrar’s website, usually within 7 working days after the IPO closes.
