IPO

Utssav Cz Gold Jewels Limited IPO

NSE SME

Listed On: Aug 7, 2024 at ₹ 110.05

₹ 132000 /1200 Shares

Check Allotment

Utssav Cz Gold Jewels Limited IPO Details

31 Jul, 2024

Open Date

02 Aug, 2024

Close Date

05 Aug, 2024

Allotment Date

07 Aug, 2024

Listing Date

Issue Price

₹104-110 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

110.05

Listing Date

2024-08-07

Market Lot

1200 Shares (₹132,000/-)

Lead Manager

Choice Capital Advisors Pvt Ltd

Issue Size

6,318,000 shares(aggregating up to ₹69.50 Cr)

Retail Portion

35%

Subscription

47.65 times

IPO Docs

DRHP RHP

Utssav Cz Gold Jewels Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,200,000 / 900,0002,100,0004,200,000
Day 1 - 31-07-24 06:00 PM0.00 / 1.16 x3.16 x1.83 x
Day 2 - 01-08-24 06:00 PM0.00 / 9.07 x12.97 x8.43 x
Day 3 - 02-08-24 06:00 PM36.43 / 64.82 x46.71 x47.65 x
Total No. of Applications: 81,742 (Approx)

Utssav Cz Gold Jewels Limited Valuations

EPS Pre IPO

₹4.09/-

EPS Post IPO

₹5.41/-

P/E Pre IPO

26.92

P/E Post IPO

20.33

RoNW

38.71%

Utssav Cz Gold Jewels Limited Company Financials All values are in ₹ Lakh

31-Jan-2431-Mar-2331-Mar-22
Assets12,333.338,215.835,616.49
Revenue27,733.2023,971.5212,342.53
Profit After Tax1,073.76714.96333.95

About The Company

Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ Gold jewellery.

The company makes and sells a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches.The company's manufacturing facility in Andheri East, Mumbai, covers 8,275 square feet and produces a variety of jewellery with a capacity of 1,500 kg per annum.

The company's customers are in 17 states and 2 union territories in India, as well as 2 countries abroad.The company offers a wide range of lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold categories, popular for daily and fashion wear. These include traditional and contemporary designs at various price points to match consumer preferences. In the 2023 financial year, the 18K and 22K gold jewelry categories accounted for 73.27% and 24.94% of total sales, and in the ten months ending January 31, 2024, they were 74.22% and 24.67% respectively.

The company, with 15 CAD designers, develops about 400 designs monthly to stay ahead of market trends and meet customer demands. As of March 31, 2024, the company has 69 permanent employees on its payroll.

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Utssav Cz Gold Jewels Limited - Promoter(s)

Pre Issue Share Holding: %

Post Issue Share Holding: %

Company Promoter(s)

  1. Mr. Pankajkumar H. Jagawat
  2. Mr. Shashank Bhawarlal Jagawat
  3. Mr. Rakesh ShantiLal Jagawat

Utssav Cz Gold Jewels Limited IPO - Issue Objectives

  1. Funding Working Capital requirement of the company
  2. General Corporate Purpose

Other Details

Company Contact Details

Utssav Cz Gold Jewels Limited

2 nd Floor Hitech Plaza, Giriraj Indl Estate Mahakali Caves Road, Andheri (East), Mumbai City, Mumbai - 400 093

Phone: +91 98194 86232

Email: compliance@utssavjewels.com

Website: https://utssavjewels.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Utssav Cz Gold Jewels Limited IPO - FAQs

Ans. Utssav Cz Gold Jewels Limited IPO is a SME IPO. The issue is priced at ₹104-110 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jul 31, 2024, and closes on Aug 2, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Utssav Cz Gold Jewels Limited IPO opens on Jul 31, 2024 and closes on Aug 2, 2024.

Ans. The size of Utssav Cz Gold Jewels Limited IPO is 6,318,000 shares(aggregating up to ₹69.50 Cr).

Ans. The IPO price band is set between ₹104-110 per equity share.

Ans. To apply for Utssav Cz Gold Jewels Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Utssav Cz Gold Jewels Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Utssav Cz Gold Jewels Limited IPO is Aug 5, 2024.

Ans. The Utssav Cz Gold Jewels Limited IPO will be listed on Aug 7, 2024.

Ans. Follow the steps to check the allotment status for Utssav Cz Gold Jewels Limited IPO here.