Khazanchi Jewellers Limited
IPO Details
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Company Fin.
₹5(3.57%)
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Khazanchi Jewellers Limited's completed its IPO journey with a successful listing on BSE on Aug 07, 2023. The public offering mobilized 69,10,000 Shares in total capital, comprising 69,10,000 Shares in fresh equity.
The offering was conducted within the price band of ₹140 to ₹140, with minimum application lots of 1000 shares. Investor participation during the Jul 24, 2023 to Jul 28, 2023 subscription window determined the final allocation pattern.
The basis of allotment was announced on Aug 03, 2023, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr Tarachand Mehta
- Mr. Goutham
Khazanchi Jewellers Limited
Cameo Corporate Services Limited