Khazanchi Jewellers Limited

Company Profile
Company Name Khazanchi Jewellers Limited
Open Date 24-07-2023
Close Date 28-07-2023
Exchange BSE SME
Lot Size 1000 Shares
Issue Price ₹ 140 per share
Issue Size 69,10,000
Application Amount ₹ 1,40,000
Recommendation Avoid
Company was incorporated in the year 1996 and has one showroom in Sowcarpet, Chennai. The company is a prominent player in the Indian jewellery industry. The company engages in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars. Company offers a diverse range of jewellery products and is dedicated to designing, manufacturing, and selling high-quality jewellery that includes necklaces, chains, rings, earrings, bangles, bracelets, pendants, nose pins, mangalsutras, and kadas. As on March 31, 2023, Company has 33 fulltime employees on payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 11,319.79 12,436.20 14,506.80
Net Assets 2,544.91 2,871.53 3,604.99
Total Borrowings 7,480.12 8,412.38 8,462.47
Total Revenue 38,242.89 25,799.75 48,181.65
Profit After Tax 275.58 326.62 756.49

Tentative Timeline

Opening Date 24-07-2023
Closing Date 28-07-2023
Basis of Allotment 02-08-2023
Initiation of Refunds 03-08-2023
Credit of Shares to Demat 04-08-2023
Listing Date 07-08-2023

Objects of the Issue

To finance the establishment of the new showroom at Chennai, Tamil Nadu - (a) Capital Expenditure for the new showroom, (b) Inventory cost for the new showroom
To augment the working capital requirements of the existing operations
For general corporate purposes

Contact Information

Registered Office Khazanchi Jewellers Limited No: 130, NSC Bose Road, Sowcarpet, Chennai-600 079
Phone +91 44 4201 5915

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390

IPO Reservation

Other Shares Offered 50% of the Net Issue
Retail Shares Offered 50% of the Net Issue

Shareholding Pattern

Pre Issue Share Holding 100.00%
Post Issue Share Holding -

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