Kabra Jewels IPO GMP Soars; Check IPO Allotment Status On NSE And Cameo Corporate Services

Kabra Jewels IPO Allotment And Grey Market Premium: The initial public offering of Kabra Jewels Ltd. concluded its subscription on Friday and received a tremendous response from the investors after the SME IPO was subscribed 356.02 times.

Steps to check Kabra Jewels IPO allotment status on NSE:

• Visit the IPO allotment page on the NSE website here.

• Select 'Equity & SME IPO bid details'.

• From the dropdown menu, choose ‘KK Jewels’ which is the symbol for Kabra Jewels IPO.

• Enter the PAN and Application number.

• Click the Submit option to check your IPO allotment details.

Steps to check Kabra Jewels IPO allotment status on Cameo Corporate:

• Visit the IPO Status page on the Cameo India website here.

• From the company dropdown menu, choose ‘Kabra Jewels Limited’

• Select the input option as PAN, Application number or DP/Client ID.

• Enter your PAN, Application number or DP/Client ID details based on the option selected above.

• Fill in the Captcha details.

• Click the Submit option to check your IPO allotment details.

Shares of Kabra Jewels Limited will list on NSE SME with Wednesday, January 22 as the likely listing date.

Unsuccessful bidders of the Kabra Jewels Ltd. IPO will receive the refunds of their investment on Jan. 21. Successful bidders will also get the credit of shares to their demat accounts on the same day.

The grey market premium of Kabra Jewels gained when the IPO opened for bidding on Wednesday and was fully subscribed on Day 1. The GMP climbed further after investors poured in bids in the multiples of 200-300 times on the final day.

Kabra Jewels, engaged in the retail jewellery business, is offering to raise Rs 40 crore from the primary market. The SME IPO was an entirely fresh issuance of 31.25 lakh shares with no offer-for-sale component.

Kabra Jewels' IPO price band was set in the range of Rs 121 to Rs 128 with a face value of Rs 10 per share. Retail investors were required to submit their bid with a minimum lot size of 1,000 shares resulting in an investment of Rs 1,28,000 for a single application.

Kailash Kabra and Jyothi Kailash Kabra are the promoters of the company.

Kabra Jewels Ltd. has proposed to use the net proceeds from the IPO to settle its debts, meet working capital requirements and for general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.