What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the price band for Koura Fine Diamond Jewelry Limited IPO?

The price band for Koura Fine Diamond Jewelry Limited IPO is set at ₹55 to ₹55 per equity share with a minimum lot size of 2000 shares.

When does Koura Fine Diamond Jewelry Limited IPO open and close?

The Koura Fine Diamond Jewelry Limited IPO opens on 2024-03-06 and closes on 2024-03-11. The allotment date is 2024-03-13 and the listing date is 2024-03-14.

What is the current GMP of Koura Fine Diamond Jewelry Limited IPO?

The current grey market premium (GMP) for Koura Fine Diamond Jewelry Limited IPO is ₹60, implying an estimated listing price of ₹115 (109.09% gain over the upper price band).

How do I check Koura Fine Diamond Jewelry Limited IPO allotment status?

You can check the allotment status on the registrar's official portal (Kfin Technologies Limited) or through the BSE/NSE allotment websites once the basis of allotment is finalized.

Koura Fine Diamond Jewelry Limited

ListedSME

Emerging SME Services · BSE

Koura Fine Diamond Jewelry Limited, established on March 25, 2022, is an emerging player in the jewelry industry, specializing in the manufacturing of diamonds and precious and semiprecious stones, including industrial-grade and synthetic variants. Headquartered at Iscon Emporium, Satellite, Ahmedabad, Gujarat, the company operates primarily from its Ahmedabad unit, ensuring high-quality craftsmanship in its fine diamond jewelry offerings. Despite its recent inception, Koura Fine Diamond Jewelry Limited has swiftly positioned itself as a micro-enterprise in the financial year 2021-22, demonstrating its potential for growth and market expansion. With a commitment to excellence and precision, the company continues to carve a niche in the luxury jewelry sector.

Price Band

₹55

Issue Size

₹5.50 Cr

Lot Size

2000 shares

GMP

₹60

+109.1%

Est. Listing

₹115

at current GMP

Subscribed

733.08x

overall

Open

6 Mar 2024

11 Mar 2024

Allotment

13 Mar 2024

Refund

14 Mar 2024

Demat Credit

15 Mar 2024

Listing

14 Mar 2024

Last updated 12 days ago

Overview GMP Subscription Financials IPO Details Company Promoters Objects Peers Documents Allotment FAQs

Key Highlights

•Leading player in the Indian market segment
•Price band established at ₹55 - ₹55 per equity share
•Minimum bid lot is 2000 shares
•Estimated listing target of ₹115 based on current grey market activity