Koura Fine Diamond IPO allotment: Check status, listing date, GMP and other details

The allotment of the SME IPO of Koura Fine Diamond will be finalised later today. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

Investors can check the status of Koura Fine Diamond IPO allotment by logging in to the official website of the registrar, which is Mas Services in this case.

Follow the step by step process mentioned below to check the status of allotment.


Step 1: Visit the IPO Allotment Status page on Kfin Techn website (https://rti.kfintech.com/ipostatus/)

Step 2: Select IPO from the dropdown

Step 3: Enter PAN number and 'Submit'.

Koura Fine Diamond GMP

In the unlisted market, the company's shares are trading with a premium of Rs 60 in the unlisted market as against an offer price of Rs 50. The tentative listing date is set as March 14.

The IPO received strong response from investors with an overall subscription of over 600 times at close.
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The issue is entirely a fresh equity issue of 10 lakh shares and through the offer, the company aims to raise Rs 5.5 crore.

The net proceeds from the public offer will be used for funding working capital requirements as well as general corporate purposes.

The company is engaged in the business of supplying jewelry to retail jewelers, mainly gold and diamond jewelry. The Jewelries are manufactured on a job Work basis. It deals in two types of jewelry -- 22 Karat Gold jewelry and 18 Karat diamond.

The Indian gems and jewelry market consists of gold, silver, and diamond jewelry, along with other precious gems and pearls. India is the world’s second-largest consumer of gold, with 70% of the consumption being in the form of gold jewelry. Further, the Indian jewelry market can be divided into the categories of fine jewelry and costume jewelry, with 95% of the market comprising fine jewelry.

For the period ended November 2023, the company clocked revenues of Rs 5.55 crore and net profit of Rs 13 lakh.

GYR Capital Advisors is acting as the lead manager to the issue and Kfin Technologies is the registrar.

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