Khazanchi Jewellers Limited is all set to embark on its exciting journey into the stock market through an upcoming Initial Public Offering (IPO). In this fixed price issue, the company will be offering equity shares to interested investors from July 24th to July 28th, 2023. Each share is priced at ₹140, and the minimum order quantity is 1000 shares.
With a face value of Rs. 10, the IPO will feature the sale of 6,910,000 shares, presenting a remarkable opportunity for Khazanchi Jewellers Limited. This offering has the potential to raise funds of up to ₹97 crore, paving the way for their future growth and expansion. Discover more about their initial public offering scheduled for July of 2023 here.
About Khazanchi Jewellers Limited
Khazanchi Jewellers Limited, incorporated in 1996, is a prominent player in the Indian Jewellery Industry. With a strong presence in both the wholesale and retail sectors, the company specializes in offering a wide range of jewelry products, including gold, diamond, precious stones, fancy jewelry, and bullion.
With a rich history spanning over three decades, Khazanchi Jewellers has established a reputation for excellence in the Indian jewelry industry. Currently, they operate a showroom at No. 130, NSC Bose Road, Sowcarpet Chennai, and plan to expand their presence in the same city through funds raised from the IPO.
The company has demonstrated positive financial performance in recent years. Their Profit After Tax (PAT) for the financial years 2020, 2021, and 2022 stood at Rs. 230.71 lakhs, Rs. 275.58 lakhs, and Rs. 326.62 lakhs, respectively.
Khazanchi Jewellers IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 24th July 2023 |
| Issue Closes | 28th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 140 Per Share |
| Issue Size | 6,910,000 Shares (Rs 97 crores) |
| Minimum Order Quantity | 1000 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The funds raised from the IPO will be utilized for various purposes, including:
- Establishing a new showroom in Chennai, Tamil Nadu: The capital expenditure required for setting up the new showroom and covering the inventory costs associated with it.
- Allocating funds to meet the increased working capital requirements of the existing operations.
- Utilizing the funds for general corporate needs and supporting the overall growth and development of Khazanchi Jewellers Limited.
Khazanchi Jewellers Limited — Company Contact Details
- Registered & Corporate Office: No: 130, NSC Bose Road, Sowcarpet, Chennai-600 079
- Telephone: +91 44 4201 5915
- Website: http://www.khazanchi.co.in/
Khazanchi Jewellers IPO – Lead Managers of the Issue
Mark Corporate Advisors Private Limited
- Office Address: 404/1, The Summit Business Bay, Off W. E. Highway, Vile Parle (East), Mumbai-400 057
- Telephone: +91 22 2612 3207/08
- Email: meipo@markcorporateadvisors.com
Khazanchi Jewellers IPO – Registrar of the Issue
Cameo Corporate Services Limited
- Telephone: +91-44-28460390
- Email: investor@cameoindia.com
- Website: https://ipo.cameoindia.com/
Khazanchi Jewellers Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
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