Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Thu, Mar 12, 2020 - Tue, Mar 17, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 12, 2020
IPO Close
Tue, Mar 17, 2020
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹10.20 Cr
| IPO Date | 12 to 17 Mar, 2020 |
| Listed on | Wed, Mar 25, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 13,65,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 69,000 shares Beeline Broking Ltd. (agg. up to ₹0.2484 Cr) |
| Fresh Issue (Ex Market Maker) | 12,96,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 12,96,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 14,67,083 shares |
| Share Holding Post Issue | 28,32,083 shares |
| BSE Script Code | 543171 |
| ISIN | INE0BDU01010 |
RO Jewels IPO comprises a total issue size of 13,65,000 shares. The net offer to the public is 12,96,000 shares, after excluding 69,000 shares allotted on a firm basis. Of the Net offer 6,48,000 (50.00%) allocated to NII 6,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,48,000 | 50.00% | 47.47% |
| Retail Shares Offered | 6,48,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 69,000 | 5.05% | |
| Total Shares Offered | 13,65,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Additional Working Capital | 4.60 |
| 2 | General Corporate Expenses | 0.06 |
| 3 | To meet the expenses of the Issue | 0.25 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 34 | |
| Promoter Holding | 87.38% | 45.26% |
| Market Cap | ₹10.20 Cr. |
The RO Jewels IPO is subscribed 1.19 times on March 17, 2020 6:49:23 PM (Day 4). The public issue subscribed 0.43 times in the retail category, [.] times in the QIB category, and 1.95 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.95 | 6,48,000 | 12,66,000 |
| Retail | 0.43 | 6,48,000 | 2,79,000 |
| Total | 1.19 | 12,96,000 | 15,45,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisorsto the IPO, Registrars and other out of pocket expenses | 0.20 |
| 2 | Printing & Stationery, Advertisement, Distribution, Postage, etc | 0.03 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹36.00 |
| Low | ₹36.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Lead Manager Reports
RO Jewels IPO is a SME IPO of 13,65,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 12, 2020, and closes on Tue, Mar 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 Thu, Mar 12, 2020 and closes on Tue, Mar 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 Tue, Mar 24, 2020. Check the RO Jewels IPO allotment status.
The RO Jewels IPO listing date is on Wed, Mar 25, 2020.
