Khazanchi Jewellers to raise Rs. 96.74 crore from IPO which opens on July 24, 2023
Chennai, National, 21st July 2023: Chennai based Khazanchi Jewellers Ltd. is coming out with its Initial Public Offer (IPO) of 6910000 equity shares of Rs. 10 each at a fixed price of Rs.140 per share (including a premium of Rs. 130 per share) , to raise Rs. 96.74 cr. Khazanchi has reserved 346000 equity shares for the market maker. From the rest, it has allocated 50% for HNIs and 50% for Retail investors. From the net proceeds of the IPO money, the company will utilize Rs. 8.62 cr. for new showrooms, Rs. 20.00 cr. for inventories of the new showroom, Rs. 55.00 cr. for working capital and Rs. 12.00 cr. for general corporate purposes. Press meet youtube video ЁЯСЗЁЯСЗ For the financial year ended on March 31, 2023, it has reported a total income of Rs. 481.82 cr. with a net profit of Rs. 7.57 cr. For financial year ended on March 31, 2022, it posted a total income of Rs. 258 cr. with a net profit of Rs. 3.27 cr. For financial year ended on March 31, 2021, it posted a total income...