Veerkrupa Jewellers Limited

Company Name	Veerkrupa Jewellers Limited
Open Date	29-06-2022
Close Date	08-07-2022
Exchange	BSE SME
Lot Size	4000 Shares
Issue Price	₹ 27 per share
Issue Size	30,00,000 Equity Shares
Application Amount	₹ 1,08,000
Recommendation	Avoid

Incorporated in the year 2019, Veerkrupa Jewellers Limited is engaged in the business of Jewellery. It currently has two showrooms, each at Narod and Narol. Company's collection of jewellery in both the showrooms reflects regional customer preferences and designs. Company's jewellery business includes the sale of jewellery made of gold, silver, studded and other jewellery products that include diamond, platinum and other precious and semi-precious stones. Its product profile includes designer, traditional, modern and combined designs of jewellery.

(Read more on the review)

Summary of Financials (All financials in Lakh)

For the Period Ended	Dec-21	Mar-21	Mar-20
Total Assets	1,159.98	1,034.77	520.46
Net Assets	512.20	490.80	489.73
Total Borrowings	42.24	-	-
Total Revenue	1,002.64	463.28	1,094.86
Profit After Tax	21.40	1.07	0.71

Tentative Timeline

Opening Date	29-06-2022
Closing Date	08-07-2022
Basis of Allotment	08-07-2022
Initiation of Refunds	11-07-2022
Credit of Shares to Demat	12-07-2022
Listing Date	18-07-2022

Objects of the Issue

To meet the Working Capital requirements

General Corporate Expenses

Contact Information

Registered Office	Veerkrupa Jewellers Limited Shop No. 7, Vrundavan Residency, Near Satyam School, Near Dharmnath Prabhu Society Ahmedabad
Phone	Naroda, Ahmedabad 382330,
Email	complianceveerkrupa@gmail.com
Website	https://www.veerkrupajewellers.com/

Offer Documents

Veerkrupa Jewellers Limited DRHP

Veerkrupa Jewellers Limited RHP

Registrar Details

Name	Kfin Technologies Limited
Phone	04067162222, 04079611000
Email	vjl.ipo@kfintech.com
Website	https://kosmic.kfintech.com/ipostatus/

IPO Reservation

Anchor Investor Shares Offered	-
Market Maker Shares Offered	1,52,000 (5.07%)
Other Shares Offered	14,24,000 (47.47%)
Retail Shares Offered	14,24,000 (47.47%)
Total Shares Offered	30,00,000 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters)	79.94%
Post Issue Share Holding (Promoters)	49.44%