Business description – Originally incorporated as Suvarnkrupa Ornaments Private Limited in 2013, the company’s name was changed to Kenvi Jewels Private Limited on 14 August 2017. The company is primarily into the business of manufacturing and retailing of jewellery. Kenvi Jewels is also into wholesaling and trading of gold jewellery. The designing of its jewellery is done in house which is manufactured at its manufacturing unit situated at Manek Chowk. Further, the company also gets its jewellery designed by third party designers as and when required. It sells gold jewellery made with or without studded diamonds, precious and semi-precious stones. Kenvi Jewels’ product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles. As on the date of this Draft Prospectus, the company’s retail business is done through its showroom situated at Odhav, Ahmedabad and its jewellery is sold under the brand name of “Suvarnakrupa”.
Promoters of Kenvi Jewels – Mr Chirag C Valani & Mrs Hetalben C Valani
| Kenvi Jewels IPO details | |
| Subscription Dates | 2 – 7 February 2018 |
| IPO Price band | INR36 per share |
| Fresh issue | 1,860,000 shares (INR6.69 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,860,000 shares (INR6.69 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working capital requirements – INR6.41 crore
| Kenvi Jewels’ financial performance (in INR lakh) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | 8M FY2018 | ||
| Total revenue | 174.6 | 290.4 | 705.5 | 718.2 | 747.2 | |
| Total expenses | 173.6 | 289.8 | 704.5 | 715.1 | 669.8 | |
| Profit after tax | 1.1 | 0.5 | 0.8 | 2.3 | 53.6 | |
Kenvi Jewels’ Contact Details
Kenvi Jewels Limited
14, Nav Durga Complex, Opp. Nav Durga Society,
Ambicanagar, Odhav,
Pithampur, Ahmedabad – 382415
Phone: +91 79 22973199
Email: [email protected]
Website: www.kenvijewels.com
Kenvi Jewels IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.01 |
| Day 2 | 0.05 |
| Day 3 | 0.43 |
| Day 4 | 1.12 |
Kenvi Jewels Valuation (Latest FY)
Earnings Per Share (EPS): INR1.93
Price/Earnings (P/E) ratio: 18.65
Return on Net Worth (RONW): 8.38%
Net Asset Value (NAV): INR22.97 per share
Registrar of Kenvi Jewels IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.karvycomputershare.com
Kenvi Jewels IPO Allotment Status
Kenvi Jewels IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing performance of Kenvi Jewels
IPO Opening Date: 2 February 2018
IPO Closing Date: 7 February 2018
Finalisation of Basis of Allotment: 12 February 2018
Initiation of refunds: 14 February 2018
Transfer of shares to demat accounts: 14 February 2018
Listing Date: 16 February 2018
Listing Price on NSE SME: INR35.1 per share (down 2.5% from IPO price)
Closing Price on NSE SME: INR39.1 per share (up 8.6% from IPO price)
Profit Margins are too less this is doesnt look good.
not looking good at angle
Farzi company!!! No wonder it is subscribed only 5%