Kenvi Jewels IPO

Kenvi Jewels IPOBusiness description - Originally incorporated as Suvarnkrupa Ornaments Private Limited in 2013, the company’s name was changed to Kenvi Jewels Private Limited on 14 August 2017. The company is primarily into the business of manufacturing and retailing of jewellery. Kenvi Jewels is also into wholesaling and trading of gold jewellery. The designing of its jewellery is done in house which is manufactured at its manufacturing unit situated at Manek Chowk. Further, the company also gets its jewellery designed by third party designers as and when required. It sells gold jewellery made with or without studded diamonds, precious and semi-precious stones. Kenvi Jewels’ product portfolio includes Wedding Jewellery, Festive Jewellery, Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, Waist belts, Mangalsutra, Anklet, Zuda, Toe Ring, Pendant Set/ Pendant, Bracelet and Bangles. As on the date of this Draft Prospectus, the company’s retail business is done through its showroom situated at Odhav, Ahmedabad and its jewellery is sold under the brand name of “Suvarnakrupa”.

Promoters of Kenvi Jewels – Mr Chirag C Valani & Mrs Hetalben C Valani
Kenvi Jewels IPO details
Subscription Dates2 - 7 February 2018
IPO Price bandINR36 per share
Fresh issue 1,860,000 shares (INR6.69 crore)
Offer for sale Nil 
Total IPO size1,860,000 shares (INR6.69 crore)
Minimum bid (lot size)3,000 shares 
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
Use of funds
  • Working capital requirements - INR6.41 crore
Kenvi Jewels'  financial performance (in INR lakh)
  FY2014FY2015FY2016FY20178M FY2018
Total revenue 174.6290.4705.5718.2747.2
Total expenses 173.6289.8704.5715.1669.8
Profit after tax
Kenvi Jewels' Contact Details

Kenvi Jewels Limited
14, Nav Durga Complex, Opp. Nav Durga Society,  
Ambicanagar, Odhav,
Pithampur, Ahmedabad - 382415

Phone: +91 79 22973199
Email: [email protected]

Kenvi Jewels IPO Subscription Details
DaySubscription (no. of times)
Day 10.01
Day 20.05
Day 30.43
Day 41.12
Kenvi Jewels Valuation (Latest FY)

Earnings Per Share (EPS): INR1.93

Price/Earnings (P/E) ratio: 18.65

Return on Net Worth (RONW): 8.38%

Net Asset Value (NAV): INR22.97 per share

Registrar of Kenvi Jewels IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 
 [email protected]

Kenvi Jewels IPO Allotment Status

Kenvi Jewels IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing performance of Kenvi Jewels 

IPO Opening Date: 2 February 2018

IPO Closing Date: 7 February 2018

Finalisation of Basis of Allotment: 12 February 2018

Initiation of refunds: 14 February 2018

Transfer of shares to demat accounts: 14 February 2018

Listing Date: 16 February 2018

Listing Price on NSE SME: INR35.1 per share (down 2.5% from IPO price)

Closing Price on NSE SME: INR39.1 per share (up 8.6% from IPO price)

3 thoughts on “Kenvi Jewels IPO

  • February 5, 2018 at 5:31 PM

    Farzi company!!! No wonder it is subscribed only 5%

  • February 3, 2018 at 12:14 PM

    not looking good at angle

  • February 1, 2018 at 9:03 AM

    Profit Margins are too less this is doesnt look good.


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