Khazanchi Jewellers Limited, a leading player in the Indian Jewellery Industry, was incorporated in 1996. With a strong presence in both wholesale and retail sectors, the company has established itself as a prominent name in the market.
Specializing in a diverse range of jewelry products, Khazanchi Jewellers offers an exquisite collection of gold, diamond, precious stones, and fancy jewelry. Additionally, they deal in bullion in the form of coins and bars.
With a rich history spanning over three decades, Khazanchi Jewellers has solidified its position in the Indian jewelry industry.
Presently, the company operates a showroom at No. 130, NSC Bose Road, Sowcarpet Chennai. In pursuit of expanding their business further, Khazanchi Jewellers aims to establish more showrooms in the same city, utilizing the funds raised through the IPO.
Over the past years, Khazanchi Jewellers has demonstrated positive financial performance. In the financial years 2020, 2021, and 2022, the company recorded Profit After Tax (PAT) figures of Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively. Such consistent growth highlights their financial stability and potential in the market.
Khazanchi Jewellers IPO Details #
| IPO Date | Jul 24, 2023 to Jul 28, 2023 | |
| Listing Date |
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| Face Value | ₹10 per share | |
| Price | ₹140 per share | |
| Lot Size | 1000 shares | |
| Total Issue Size |
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| Fresh Issue |
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| Issue Type | Fixed Price Issue IPO | |
| Listing At | BSE SME |
Khazanchi Jewellers IPO Reservation #
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Khazanchi Jewellers IPO Promoter Holding #
Mr Tarachand Mehta and Mr. Goutham are the Promoters of the Company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 10,379.93 | 36,165.36 | 230.71 | 2,269.33 | 1,276.21 | 7,786.00 |
| 31-Mar-21 | 11,319.79 | 38,242.89 | 275.58 | 2,544.91 | 1,551.79 | 7,480.12 |
| 31-Mar-22 | 12,436.20 | 25,799.75 | 326.62 | 2,871.53 | 1,878.41 | 8,412.38 |
| 31-Dec-22 | 14,274.78 | 33,450.96 | 585.53 | 3,457.06 | 2,463.94 | 8,440.74 |
| Amount in ₹ Lakhs | ||||||
Objects of the Issue #
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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
Company Contact Information #
No: 130,
NSC Bose Road, Sowcarpet,
Chennai-600 079
Phone: +91 44 4201 5915
Email: info@khazanchi.co.in
Website: http://www.khazanchi.co.in/
Khazanchi Jewellers IPO Registrar #
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Khazanchi Jewellers IPO Lead Manager(s) #
FAQs #
What is the IPO price for Khazanchi Jewellers? #
The IPO price for Khazanchi Jewellers is ₹140 per share.
When is the IPO date for Khazanchi Jewellers? #
The Khazanchi Jewellers IPO date was from Jul 24, 2023 to Jul 28, 2023.
Where will the Khazanchi Jewellers IPO be listed? #
Khazanchi Jewellers’ initial public offering (IPO) will be listed on the BSE SME.
How many equity shares are available in the Khazanchi Jewellers initial public offering? #
Khazanchi Jewellers IPO offers 6,910,000 equity shares.
How many shares are offered to retail investors in the Khazanchi Jewellers IPO? #
Khazanchi Jewellers IPO offers 3,282,000 shares to retail investors.
When will the Khazanchi Jewellers IPO shares get listed? #
The shares of Khazanchi Jewellers IPO will be listed on Monday, August 7, 2023.
What is the basis of allotment status for Khazanchi Jewellers IPO? #
You can check the basis of allotment status for Khazanchi Jewellers IPO online to know the ratio of allotment for retail, NII, and QIB categories.
What types of jewellery products does Khazanchi Jewellers specialize in? #
Khazanchi Jewellers specializes in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, and precious stones.
What is the total face value of each equity share offered by Khazanchi Jewellers? #
Each equity share offered by Khazanchi Jewellers has a face value of Rs. 10.
Please keep in mind that for more accurate and up-to-date information, please consult official sources and sites.
