Kenvi Jewels Ltd

Kenvi Jewels

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:

  1. Mr. Chirag Champaklal Valani (Designation: Managing Director)
  2. Mrs. Hetalben Chiragkumar Valani (Designation: Whole-Time Director)
  3. 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 (%)
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)


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:


IPO Registrar Info:
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
Grievance Email:


Lead Manager to the Issue:
1-2 Bhupen Chambers, Ground Floor, Dalal Street,
Mumbai-400 001
Tel. No.: +91 224050 9999
Fax No.: +91 22 4050 9900
Email: /
Grievance Email: