Koura Fine Diamond Jewelry IPO: Issue subscribed 26.9 times on first day; retail investors bid highest
Koura Fine Diamond Jewelry IPO: The initial public offer of small- and medium-sized enterprise (SME) Koura Fine Diamond Jewelry Limited received strong response from investors on the first day of subscription. Koura Fine Diamond Jewelry IPO opens for subscription on March 6, 2024 and closes on March 11, 2024. Koura Fine Diamond Jewelry IPO received positive response from both retail investors and non-institutional investors (NII) as both portions were fully subscribed on the first day.
The company has reserved atleast 50 per cent of the shares for retail investors while 50 per cent are for kept for non-retail investors. Also Read: Koura Fine Diamond Jewelry IPO: Check price band, issue size, GMP, other key details The SME IPO was booked 26.92 times on the first day of issue. The portion reserved for retail investors was booked 46.66 times and the NIIs' portion was subscribed 7.09 times on Wednesday.
Koura Fine Diamond Jewelry IPO has received bids for 2,50,32,000 shares against 9,30,000 shares on the offer.
Koura Fine Diamond Jewelry IPO is a fixed price issue of ₹5.50 crore. The issue is entirely a fresh issue of 10 lakh shares. Koura Fine Diamond Jewelry IPO price is ₹55 per share.
The minimum lot size for an application is 2,000 shares. The minimum amount of investment required by retail investors is ₹110,000. The minimum lot size investment for HNI is two lots (4,000 shares) amounting to ₹220,000.
The allotment for the Koura Fine Diamond Jewelry IPO is expected to be finalized on Tuesday, March 12, 2024. Koura Fine Diamond Jewelry IPO will list on BSE SME with tentative listing date fixed as Thursday, March 14, 2024. GYR Capital Advisors Private Limited is the book running lead manager of the Koura Fine Diamond
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