Khazanchi Jewellers IPO Allotment Status | Date | Subscription Status | News | Details

Khazanchi Jewellers IPO Allotment Status: Khazanchi Jewellers is a big name in the Indian jewellery domain. The company has been experiencing positive financial reports from 2020 onward, with INR 3.27 crore being its PAT for 2022. It intends to set up more showrooms in Chennai city through funds that it gets by the medium of IPO. The opening date of this IPO is July 24, 2023, while the closing date is July 28. So, currently, Khazanchi Jewellers IPO allotment status is not available.

The allotment date is expected to be August 2, 2023, with the initiation of refunds happening on August 3 this year. The share price of Khazanchi Jewellers is INR 140 per share. You can check the IPO allotment status of the company by visiting the official IPO allotment status page. Keep reading to learn more about the company’s IPO allotment here. 

What Is the IPO of Khazanchi Jewellers?

Khazanchi Jewellers IPO Allotment Status: The IPO of Khazanchi Jewellers is 6,910, 000 equity shares. These have a face value of Rs. 10. The major promoters of the company’s IPO are Mr Goutham and Mr Tarachand Mehta. You will find its face value Rs. 10, which aggregates up to Rs. 97 crores. 

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The opening IPO date will be July 24, while the tentative date of the basis of allotment is August 2, a Wednesday. This company intends to use the net proceeds from the issue to finance capital expenditures for new showrooms and its inventory cost. It also aims to use the amount to enhance the working capital needs of current operations and for general corporate uses. “Khazanchi Jewellers IPO Allotment Status”

The company specializes in the creation and sale of a myriad of gold and diamond jewelry products. Its IPO promoters have a good 25 years of experience in the field. They are diligently serving Indian customers with high-quality jewellery.

Khazanchi Jewellers IPO Allotment Status

IPO Details of Khazanchi Jewellers

Khazanchi Jewellers IPO Allotment Status: If you are interested in getting an allotment in the IPO of Khazanchi Jewellers, you must know crucial details about it. The IPO shares of the company will be distributed in a proportionate manner to RII or Retail Individual Investors. Every investor will get a single lot, which will be subject to the availability of shares.

Here are some major details about the company’s IPO.

Name of the companyKhazanchi Jewellers
Opening date of IPOJuly 24
Closing date of the IPOJuly 28
Date of the basis of allotmentAugust 2
Date for initiation of refundsAugust 3
Date for credit of shares to the DMAT accountAugust 4 
Listing dateAugust 7
The total size of the IPO69,10,000 shares (Rs. 97.0 crore)
Minimum lot size1000 shares or IMR 140,000
Face value of the shareINR 10 for every share
Retail allocation50%
Listing present onBSE SME or Bombay Stock Exchange for Small and Medium Enterprises

At present, there is no information on Khazanchi Jewellers IPO GMP. It will be updated once it comes out. Similarly, the opening and closing price is not yet out on BSE SME. “Khazanchi Jewellers IPO Allotment Status”

Steps to Check Your Khazanchi Jewellers IPO Allotment Status

Khazanchi Jewellers IPO Allotment Status: When the IPO status of the company is out, you can follow a set of simple steps to check it online. Here are the major steps to follow.

Step 1:

Visit the IPO allotment status page of the company on your browser.

Step 2:

The company’s IPO allotment status will be in green. Click on it.

Step 3:

Next, you will need to input your PAN number or DP client ID of your DMAT account. This will let you examine the IPO allotment status.

Step 4:

After that, hit the ‘Search’ button.

POINT TO NOTE: If the ‘Search’ button is disabled, it means that the IPO is not yet out. 

You will find the allotment status looking as follows:

  1. There will be your PAN number.
  2. After that, the allotment result will have your application number.
  3. Next, you will find your name.
  4. After that, the number of shares you have applied will be shown.
  5. In the end, you will see the shares allotted.

What Can Cause You Not to Get an Allotment in Khazanchi jewellers IPO?

Khazanchi Jewellers IPO Allotment Status: It might be possible that you don’t get an allotment in the IPO of this company. Some probable reasons are as follows:

  1. The IPO becomes over-subscribed. In this case, the allotment process will complete through a lottery. 
  2. You gave incomplete information, so your IPO application was not considered.
  3. The issue price is greater than the bid price.

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