Kabra Jewels Ltd. has announced public offering of 3125000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 118.00 per share. The gross proceeds of the issue are expected to be Rs 4,000.00 lakhs.
The company's initial public offer (IPO) will open on 15 January 2025 and is expected to close on 17 January 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 121.00-128.00 per share.
The IPO includes a fresh Issue of 3125000 Equity Shares of the Company at an price of Rs 128.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1000 shares with bids in multiples of 1000.
Kabra Jewels Ltd. anticipates using the proceeds of the issue for .
Marwadi Chandarana Intermediaries Brokers Pvt. Ltd as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.