
Retail & Consumer Goods · BSE
Incorporated in 1996, Khazanchi Jewellers Limited is a well-known player in the Indian jewellery market with a strong presence in both wholesale and retail. The company offers a wide range of jewellery products including gold, diamond, precious stone jewellery, and also deals in bullion like coins and bars. With over three decades of experience, it currently operates one showroom at NSC Bose Road, Sowcarpet, Chennai and plans to expand by opening more showrooms in the same city using the funds raised through the IPO. The company has shown consistent growth and positive financial performance, with PAT of Rs. 230.71 lakhs in FY2020, Rs. 275.58 lakhs in FY2021, and Rs. 326.62 lakhs in FY2022.
Price Band
₹140
Issue Size
₹97.00 Cr
Lot Size
1000 shares
GMP
+3.6%
Est. Listing
₹145
at current GMP
Subscribed
1.26x
overall
Open
24 Jul 2023
Close
28 Jul 2023
Allotment
3 Aug 2023
Refund
4 Aug 2023
Demat Credit
5 Aug 2023
Listing
7 Aug 2023
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
3 Aug 2023
Basis finalization
Refunds Initiate
4 Aug 2023
Mandate release
Demat Credit
5 Aug 2023
Shares in demat
Listing Debut
7 Aug 2023
Trading begins
Khazanchi Jewellers Limited is bringing an initial public offering (IPO) in the Retail & Consumer Goods sector with an aggregate issue size of ₹97 Crores. The shares are offered at a price band of ₹140 to ₹140 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2023-07-28, the basis of allotment is scheduled to be finalized on 2023-08-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Cameo Corporate Services Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.