Kabra Jewels Limited operates in the retail jewelry business, offering a wide range of gold, diamond, and silver ornaments catering to diverse customer needs, from daily wear to special occasions like weddings. Kabra Jewels IPO is a book built issue looking to raise Rs 40.00 crores. The issue is entirely a fresh issue of shares.
Founded in 2010 by Kailash Kabra, Kabra Jewels Limited operates under the brand name KK Jewels.
The company is based in Ahmedabad, Gujarat, and has established a strong presence in the retail jewellery sector.
It specializes in a wide range of products, including gold, diamond, and silver ornaments, alongside gold and silver coins and utensils.
Product Portfolio:
Gold Jewellery: Rings, earrings, necklaces, chains, bangles, and wedding jewellery.
Diamond Jewellery: Pendants and earrings designed for special events.
Silver Jewellery and Artifacts: Everyday items such as bracelets, utensils, and silver coins.
Mr. Kailash Kabra and Mrs. Jyothi Kailash Kabra are the promoters of Company.
Financials: Kabra Jewels IPO
Metric / Rs Lacs
8mFY25
2024
2023
2022
Equity Share Capital
736
46
46
46
Net Worth
3,986.78
3,105.88
2,166.24
1,725.66
Total Income
12,548.47
16,424.32
12,234.02
11,212.54
Profit after tax
880.89
939.64
440.58
540.46
Net Asset Value
54.17
42.2
29.43
23.45
Long Term Borrowing
7,706.81
4,984.36
5,367.67
3,284.27
Short Term Borrowing
2,600.27
4,012.48
1,614.95
1,445.99
Post issue Share Capital
1049
FV
10
IPO price
128
EPS Fy24
8.96
PE
14.29
EPS Fy25 (annualized)
12.60
PE (annualized)
10.16
Market cap in cr.
13427
Market cap / Sales
0.82
Anchors: Kabra Jewels IPO
Kabra Jewels IPO: Salient Points
Use of Net proceeds
Particulars
Amount (₹ in Lakhs)
Repayment of certain borrowing availed by Company, in part or full
1,000.00
To meet Working Capital requirements
2,200.00
General Corporate Purpose
[●]
Company has 6 showrooms under the brand KK Jewels Bridal, KK Jewels Diamond, KK Jewels Silver, KK Jewels Gold, KK Jewels – Atarashi and KK Jewels – Silver Studio, 3 offices and 1 exhibition centre located in the city of Ahmedabad. All of these showrooms are operated and managed by us, and has been taken on rental basis.
Kabra Jewels specializes in handcrafted jewellery, which allows for a high level of craftsmanship and attention to detail. Each piece is designed to reflect Indian culture and aesthetics,
Revenue bifurcation of company
articulars
FY24 (₹ Lakhs)
% of Revenue
FY 23 (₹ Lakhs)
% of Revenue
FY22 (₹ iLakhs)
% of Revenue
Gold Jewellery
10,627.82
64.80%
6,435.84
52.64%
6,649.04
59.32%
Diamond & Diamond Jewellery and Loose Solitaires
3,190.02
19.45%
5,205.81
42.58%
4,331.53
38.65%
Operating under the brand name KK Jewels, Kabra Jewels has established a strong brand identity. It uses the brand ‘KK Jewels” for jewelry and “Only Solitaires” for loose solitaires
Peers:
Companies
Revenue/Cr.
EBITDA Margin
PAT Margins
P/E
Mcap/sales
D/E Ratio
Kabra Jewels (FY24)
164
13.31%
5.73%
14.29 (10.16)
0.82
2.58
Motisons Jewellers (TTM)
438
15%
8.75%
65
5.63
0.26
D.P. Abhushan (TTM)
2,832
5%
2.94%
39
1.14
0.55
RBZ Jewellers (TTM)
401
11.20%
6.64%
28.9
1.92
0.55
PE FY25 (annualized) 10.16x ; PE Fy24: 14.29x
I intend to apply in Kabra Jewels IPO. Decent price compared to peers. Revenues and profits have been growing at a good pace. Jewelry companies have fared well in the Markets.
GMP as reported on social media is Ra. 85 (66% at this juncture.
Lead Manager Marwadi Chandarana Intermediaries Brokers has managers only one issue so far “Hamps Bio Limited” which had a good listing.
SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.
