Kabra Jewels Limited IPO

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KK Jewels is a prominent player in the retail jewellery sector, offering a wide array of gold, diamond, and silver ornaments. The company also extends its product line to include gold and silver coins, utensils, and other artifacts, catering to diverse customer needs. Guided by a visionary team of Promoters and experts, KK Jewels specializes in creating unique and appealing designs tailored to meet customer preferences. The company markets its exclusive creations under the brand name “KK Jewels”.

Product Portfolio

KK Jewels boasts a diverse product range, catering to various customer segments and occasions. The product lineup includes:
i. Gold Jewellery: Rings, earrings, necklaces, chains, bangles, and wedding jewellery.
ii. Diamond Jewellery: Pendants, earrings, and intricate designs tailored for special occasions.
iii. Silver Jewellery and Artifacts: Bracelets, utensils, and silver coins for everyday use or gifting purposes.

Market Position

With its strategic location in Ahmedabad, KK Jewels is well-positioned to cater to a large and diverse customer base. The curated inventory in each showroom aligns with customer preferences, ensuring a seamless shopping experience. The brand’s emphasis on design innovation and quality craftsmanship reinforces its reputation as a trusted jewellery retailer.

KK Jewels continues to grow by leveraging its strengths in design, innovation, and a deep understanding of market trends, ensuring it remains a preferred choice for jewellery shoppers.

Objects of the Kabra Jewels Limited IPO:

The Company intend to utilize the proceeds of the Issue to meet the following objects: i. Repayment of certain borrowings availed by the Company, in part or full ii. To meet Working Capital requirements iii. General Corporate Purpose.
DRHP of Kabra Jewels Limited IPO
RHP of Kabra Jewels Limited IPO

Kabra Jewels Limited IPO Details:

Open Date: Jan 15 2025
Close Date: Jan 17 2025
Total Shares: 31,25,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 40.00 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 121 - 128 Per Equity Share
Listing At: NSE Emerge
Listing Date: Jan 22 2025

Promoters And Management:

Kailash Kabra, 39, is the Managing Director and Promoter of the Company. An alumnus of St. Xavier's School, Loyola Hall, Ahmedabad, he has 14 years of experience in the Gems and Jewellery industry. Since founding the company in 2010, he has managed jewellery procurement, strategic marketing, and budgeting. Jyothi Kailash Kabra, 37, is the Executive Director and Promoter of the Company. A diploma holder in Interior Designing from Jain School of Interior Design, Bangalore, she has 12 years of experience in the Gems and Jewellery industry. Since joining the company in 2012, she has overseen jewellery selection and design. Nimesh Puranprakash Phophalia, 40, is the Non-Executive Non-Independent Director of the Company. A Commerce graduate from the University of Mumbai and a diploma holder in Graduate Diamonds from the Gemological Institute of America, he has 20 years of experience in the jewellery industry. As the proprietor of M/s. Vishesh Jewels, he specializes in jewellery manufacturing, wholesaling, and trading.

Financials of Kabra Jewels Limited IPO:

In Cr.
Particulars Nov 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 125.27 164 122.27 112.08
EBITDA 20 21.82 12.39 11.74
EBITDA Margins 15.97% 13.31% 10.14% 10.48%
PAT 8.80 9.39 4.40 5.40
PAT Margins 7.03% 5.73% 3.60% 4.82%
ROCE 14.14% 18.23% 13.62% 18.26%
CFOA -19.39 15.81 -12.43 2.21

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Kabra Jewels (FY 2024) 164 Cr. 13.31% 5.73% 2.58 134.20 Cr. 14.29*
Motisons Jewellers (TTM) 438 Cr. 15% 8.67% 02.6 2,528 Cr. 66.70
D.P. Abhushan (TTM) 2,832 Cr. 5% 2.93% 0.55 3,261 Cr. 39.20
RBZ Jewellers (TTM) 401 Cr. 11% 6.73% 0.55 795 Cr. 29.80 

*Forward PE is 10.16 on the basis of FY 25 PAT.
                                        

                                    

                                                                                                    

                                        

                                            
Recommendation on Kabra Jewels Limited IPO:

                                            
Review and Recommendation of Kabra Jewels IPO by team IZ is 3/10.

                                        

                                    

                                                                
                                
                                                                 

                                    

                                                                                    

                                                
Lead Manager of Kabra Jewels Limited IPO:

                                            
 
    
                                                                                                        
  1. Marwadi Chandarana Intermediaries Brokers Pvt. Ltd.
    2. 
                                                        
 

                                

                                                                
                                 
                                                                  

                                    

                                                                                    

                                                
Registrar of Kabra Jewels Limited IPO:

                                            
 
    
                                                                                                        
  1. Cameo Corporate Services Limited
    2. 
                                                        
 

                                

                                                            

                                

                            

                                                                  

                                        

                                            
Company Address: 

                                            
Kabra Jewels Limited
Shop no.6, Ground Floor,
Iscon Center, Besides Tanishq,
Shivranjani Cross Road, Satellite Ahmedabad 380015
Phone: +91 93288 71207
Email: cs.kkjewels@gmail.com
Website: https://kkjewels.org/
                                        

                                    

                                                              
                                                                
                                                            

							
                            

                                

                                    

                                                                            

                                

                            

                            
							
                            

                            

                            

                                

                                    

                                        

                                    

                                

                            

                            
                            

                                

                                
Discussion on Kabra Jewels Limited IPO:

                                           
                                    

                                        

                                            



	
	
		

		
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