About the Company:
Kenvi Jewels is primarily into the business of manufacturing and retailing of jewellery. Besides this, they are also into wholesaling and trading of gold jewellery.
The designing of jewellery is done in house which is manufactured at company’s manufacturing unit situated at Manek Chowk.Further, they also get the jewellery designed by third party designers as and when required.
Company’s 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.
They sell their jewellery under the brand name of “Suvarnakrupa” which is well known among their customers and in the local jewellery market.Company has created a diversified portfolio for their jewellery in order to cater to their customers taste, preference, choice and the ever changing trends in the jewellery designs.
They offer their customers a wide variety of traditional, Indo-western, & modern jewellery. They also customize jewellery according to the individual needs.
Management Team:
- Mr. Chirag Champaklal Valani (Designation: Managing Director)
- Mrs. Hetalben Chiragkumar Valani (Designation: Whole-Time Director)
- Mr. Manoharbhai Bharatbhai Chunara (Designation: Independent Non-Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Chirag Champaklal Valani | 26,30,600 | 19.44 |
| Mrs. Hetalben Chiragkumar Valani | 63,875 | 12.71 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Mr. Chirag Champaklal Valani | 92.54% | 55.94% |
| Mrs. Hetalben Chiragkumar Valani | 2.25% | 1.36% |
| Promoter Group Entities | 5.20% | 3.14% |
| Total | 99.99% | 60.44% |
Objectives of the Issue:
- To meet working capital requirement.
- To meet the expenses of the Issue.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 6.41 |
| Issue Related Expenses | 0.28 |
| Net Proceeds | 6.69 cr |
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | 30th Nov 17 |
|---|---|---|---|---|---|
| Revenue | 1.74 | 2.90 | 7.05 | 7.18 | 7.47 |
| Net Profit | 0.01 | 0.0051 | 0.0078 | 0.023 | 0.54 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Kenvi Jewels Limited | 10 | 1.93 | 18.65 | 8.38% | 22.97 |
| Swarnsarita Gems Limited | 10 | 1.90 | 10.60 | 1.80 | 40.40 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 2nd February 2018 |
| Issue Closes on:. | 7th February 2018 |
| Issue Price | Rs.36 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,08,000 |
| Issue Constitutes | 39.55% |
| Issue Size | Rs.6.69 cr |
| Market Cap | Rs.16.92 cr |
| Listing at | BSE SME |
| Total Equity Shares Offered (Fresh) | 18,60,000 |
| Equity Shares Prior | 28,42,500 |
| Equity Shares after the issue | 47,02,500 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 12th February 2018 |
| Initiation of Refunds | on or Before 14th February 2018 |
| Credit of Equity Shares: | on or Before 14th February 2018 |
| Listing Date: | on or Before 16th February 2018 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 1.93 | 18.65 | 8.38% | 22.97 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Avoid | NA | NA |
| Check IPO Allotment Status: |
|---|
Karvy Website (Click on the below Link)http://kosmic.karvy.com:81/ipotrack/ |
| Company Contact Info: |
|---|
| Kenvi Jewels Ltd 14, Nav Durga Complex, Opp. Nav Durga Society,Ambicanagar, Odhav, Ahmedabad – 382415, Gujarat, India Tel No.: +91 79 22973199, 22891099 Email Id: compliance.kjl@gmail.com Website: www.kenvijewels.com |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 India Tel. No.: 1-800-3454001/ +91 40 6716 2222 Fax No.: +91 40 2343 1551 E-mail: einward.ris@karvy.com Grievance Email: kenvijewels.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| FIRST OVERSEAS CAPITAL LIMITED 1-2 Bhupen Chambers, Ground Floor, Dalal Street, Mumbai-400 001 Tel. No.: +91 224050 9999 Fax No.: +91 22 4050 9900 Email: satish@focl.in / mala@focl.in Grievance Email: investorcomplaints@focl.in Website: www.focl.in |
