Veerkrupa Jewellers IPO GMP, Review, Price, Allotment

Veerkrupa Jewellers IPO description – It commenced operations by setting up a showroom in Naroda, Ahmedabad and over the years, it has opened another showroom in Narol, Ahmedabad. Its showrooms with an area of 1,050 square feet offer luxurious experience and customer services. Its collection of jewellery in both the showrooms reflects regional customer preferences and designs and is available at various price points catering to customers across all market segments.

The business includes the sale of jewellery made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Its product profile includes designer, traditional, modern and combined designs of jewellery such as earrings, chains, bracelets, gold/silver bars, Bands, Mandalsutra, Pendant sets and chains, Anklets, Waist Belts and necklaces.

The company was incorporated in 2019 but its business operations started as a proprietary firm in 2001.

Promoters of Veerkrupa Jewellers – Mr Chirag Arvind Shah and Mrs Nehaben Chiragbhai Shah

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Veerkrupa Jewellers IPO Details

Subscription Dates	29 June – 5 July 2022
Price Band	INR27 per share
Fresh issue	30,00,000 shares (INR8.10 crore)
Offer For Sale	Nil
Total IPO size	30,00,000 shares (INR8.10 crore)
Minimum bid (lot size)	4,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	BSE SME

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Veerkrupa Jewellers Financial Performance

	FY2019	FY2020	FY2021	9M FY2022
Revenue	165.3	1,094.9	463.3	1,002.6
Expenses	157.1	1,094.2	461.8	977.7
Net income	8.3	0.7	1.1	21.4

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Veerkrupa Jewellers Offer News

• Veerkrupa Jewellers RHP
• Veerkrupa Jewellers Draft Prospectus

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Veerkrupa Jewellers Offer Valuation (as of FY2021)

Earnings Per Share (EPS): INR0.06
Pre-IPO Price/Earnings (PE ratio): 450
Return on Net Worth (RONW): 0.22%
Net Asset Value (NAV): INR26.25 per share

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Veerkrupa Jewellers IPO GMP Daily Trend

Date	Veerkrupa Jewellers IPO GMP	Kostak	Subject to Sauda

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Veerkrupa Jewellers IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	15,00,000	15,00,000	30,00,000
Day 1	0.14	0.21	0.18
Day 2	0.15	0.39	0.27
Day 3	0.17	0.56	0.36
Day 4	0.75	1.86	1.31
Day 5	0.98	2.54	1.76

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Veerkrupa Jewellers IPO Lead Manager

First Overseas Capital Limited
1-2 Bhupen Chambers, Dalal Street,
Fountain, Mumbai – 400 001,
Maharashtra, India
Phone: +91 22 4050 9999
Email: [email protected]
Website: www.focl.in

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Veerkrupa Jewellers Offer Registrar

Kfin Technologies Private Limited
Selenium Tower – B, Plot 31 & 32,
Gachibowli, Financial District,
Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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Veerkrupa Jewellers IPO Contact Details

Veerkrupa Jewellers Limited
Shop No. 7, Vrundavan Residency,
Near Satyam School,
Near Dharmnath Prabhu Society Naroda,
Ahmedabad -382 330, Gujarat
Phone: +91 79 22981555
Email: [email protected]
Website: www.veerkrupajewellers.com

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Veerkrupa Jewellers IPO Allotment Status

Veerkrupa Jewellers IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.

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Veerkrupa Jewellers IPO Timetable

IPO Opening Date	29 June 2022
IPO Closing Date	5 July 2022
Finalisation of Basis of Allotment	15 July 2022
Initiation of refunds	15 July 2022
Transfer of shares to demat accounts	15 July 2022
Listing Date	18 July 2022
Opening Price on BSE SME	INR25.65 per share (down 5% from IPO price)
Closing Price on BSE SME	INR25.65 per share (down 5% from IPO price)

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Veerkrupa Jewellers IPO FAQs