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Kenvi Jewels Limited IPO

Kenvi Jewels Limited

Issue Open

Feb 02, 2018

Price Band

₹ 36

Issue Size

₹ 6.70 Cr

Credit of Shares to Demat

-

Issue Close

Feb 07, 2018

Bid Lot

3000

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Fixed Price Issue IPO

Minimum Order Quantity

3000

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Feb 16, 2018

Refunds

-

About the company:

Introduction: nbsp; nbsp;Kenvi Jewels Ltd(KJL) is  primarily involved in the manufacturing and retailing of jewellery. Company offers a wide  range of precious, magnificent , fashionable and flawless. Company sells gold jewellery made with studded diamonds, precious and semi-precious stones.

Date of Establishment:   Kenvi Jewels Ltd(KJL) ,an Ahmedabad based company   was established in the  year August 24,2017

Product & Service Offering: Company’s range of products  includes jewellery for wedding and festivals. Few of the products made by the company are earrings, nose-rings/pins, manga sutra, bangles,  pendants and bracelets

Customer Segment: Company sells jewellery in the local market under the brand name “Suvarnakrupa”

Promoters of Kenvi Jewels Ltd:  Company is promoted by  Mr. Chirag Champaklal Valani and Mrs. Hetalben Chiragkumar Valani.

Objects of the Issue: The gains from the issue will be used for  meeting the  day to day cash requirements to run the company and to cater to the expenses incurred by  the release of the issue

Company Financials:

Summary of financial Information (Consolidated)

Particulars

For the year/period ended (in Rs. million)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

23.4

21.1

17.1

10.2

NA

 

Total Revenue

71.8

70.5

29.0

17.4

NA

 

Profit After Tax

0.23

0.078

0.051

0.105

NA

 

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