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RO Jewels IPO is a fixed price issue of ₹4.91 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹4.91 crore.
RO Jewels IPO bidding started from Mar 12, 2020 and ended on Mar 17, 2020. The allotment for RO Jewels IPO was finalized on Mar 20, 2020. The shares got listed on BSE SME on Mar 25, 2020.
RO Jewels IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
First Overseas Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to RO Jewels IPO RHP for detailed Information.
| IPO Date | March 12, 2020 to March 17, 2020 |
| Listing Date | March 25, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,65,000 shares (aggregating up to ₹4.91 Cr) |
| Reserved for Market Maker | 69,000 shares Beeline Broking Ltd. (aggregating up to ₹0.2484 Cr) |
| Net Offered to Public | 12,96,000 shares (aggregating up to ₹4.67 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 14,67,083 shares |
| Share Holding Post Issue | 28,32,083 shares |
RO Jewels IPO offers total 13,65,000 shares. Out of which 6,48,000 (47.47%) allocated to NII, 6,48,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 69,000 (5.05%) |
| NII (HNI) Shares Offered | 6,48,000 (47.47%) |
| Retail Shares Offered | 6,48,000 (47.47%) |
| Total Shares Offered | 13,65,000 (100.00%) |
RO Jewels IPO opens on March 12, 2020, and closes on March 17, 2020.
| IPO Open Date | Thu, Mar 12, 2020 |
| IPO Close Date | Tue, Mar 17, 2020 |
| Tentative Allotment | Fri, Mar 20, 2020 |
| Initiation of Refunds | Mon, Mar 23, 2020 |
| Credit of Shares to Demat | Tue, Mar 24, 2020 |
| Tentative Listing Date | Wed, Mar 25, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 17, 2020 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, RO Jewels is engaged in the wholesale business of Silver and Gold chains. It is an Ahmedabad based business to sell gold/silver necklaces, bars, bracelets, and chains. RO Jewels acquired M/s Ravi Ornaments dated 18th Dec 2019.
The company purchases the readymade jewelry from the independent wholesalers and manufacturers across Mumbai and Ahmedabad. It has a showroom at Manek Chowk, Ahmedabad to sell the products. Apart from this, the company also sells products to other jewelry stores through B2B marketing strategy.
The Jewelry portfolio of the company includes Indo-western, traditional, and modern jewelry. All the jewelry offered by RO Jewels has BIS Hallmark (widely accepted mark of purity of gold).
Competitive Strength
1. Established brand name in the local market
2. The long term strong business relationships
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 580.25 | 179.06 | 230.49 | 156.13 | |
| Total Revenue | 1,047.22 | 424.34 | 975.70 | 574.40 | |
| Profit After Tax | 15.05 | 1.49 | 6.85 | 5.87 | |
The market capitalization of RO Jewels IPO is ₹10.20 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 34 |
The Company RO Jewels IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Additional Working Capital | 4.60 |
| 2 | General Corporate Expenses | 0.06 |
| 3 | To meet the expenses of the Issue | 0.25 |
[Dilip Davda] ROJL's financial performance is showing inconsistency. It has only one showroom with just 9 employees (including 2 directors and 1 company secretary) as on filing of offer documents. On the basis of supper earnings for H1 FY20, the issue appears fully priced. Company's bankers are trouble ridden Yes Bank Ltd. LM has a poor track record with similar issues in the past. Simply stay away from this IPO. Read detail review...
| Listing Date | March 25, 2020 |
| BSE Script Code | 543171 |
| NSE Symbol | |
| ISIN | INE0BDU01010 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
RO Jewels Ltd.
202, Shri Virkala Complex
M.G. Haveli R
Manekchowk Co. Op Bank
Ahmedabad, Gujarat, 380001
Phone: +91 79 22144429/ 22153329
Email: compliancerojewels@gmail.com
Website: http://www.rojewels.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@kfintech.com
Website: https://ipostatus.kfintech.com/
RO Jewels IPO is a SME IPO of 13,65,000 equity shares of the face value of ₹10 aggregating up to ₹4.91 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on March 12, 2020, and closes on March 17, 2020.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in RO Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in RO Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in RO Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The RO Jewels IPO opens on March 12, 2020 and closes on March 17, 2020.
RO Jewels IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in RO Jewels IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for RO Jewels IPO will be done on Friday, March 20, 2020, and the allotted shares will be credited to your demat account by Tuesday, March 24, 2020. Check the RO Jewels IPO allotment status.
The RO Jewels IPO listing date is on Wednesday, March 25, 2020.
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