How To Check Koura Fine Diamond IPO Allotment Status

The Koura Fine Diamond IPO allotments status is set to be finalised today. If you applied for the SME IPO here is how you can check the Koura Fine Diamond IPO allotment status.

Checking IPO Allotment Status on Registrar's Website

Investors keen to discover their allotment fate for Koura Fine Diamond’s IPO can do so by visiting Mas Services’ official website. Here's a quick guide:

1. Go to Kfin Tech’s IPO Allotment Status page.
2. Choose the IPO name from the dropdown menu.
3. Enter your PAN number and click ‘Submit’.

See also: How To Check Gopal Snacks IPO Allotment Status

Koura Fine Diamond IPO Subscription Status and Listing Details

Ahead of its anticipated March 14 listing, Koura Fine Diamond’s shares are enjoying a ₹60 premium in the unlisted market over the offer price of ₹50. Drawing a phenomenal response, the IPO closed with subscriptions surpassing 600 times. This fresh equity issue of 10 lakh shares aims to gather ₹5.5 crore, with plans to allocate the proceeds towards working capital needs and general corporate purposes.

About Koura Fine Diamond: The company is a prominent jewellery supplier to retail jewellers, specialising in gold and diamond pieces, crafted on a job-work basis. The company operates within India’s vibrant gems and jewellery market, the world’s second-largest gold consumer, predominantly focusing on fine jewellery, which constitutes 95% of the market.

For the period ending in November 2023, Koura Fine Diamond reported revenues of ₹5.55 crore and a net profit of ₹13 lakh.

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