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U.H.Zaveri IPO is a fixed price issue of ₹7.99 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹7.99 crore.
U.H.Zaveri IPO bidding started from May 8, 2018 and ended on May 14, 2018. The shares got listed on BSE SME on May 22, 2018.
U.H.Zaveri 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 NNM Securities Pvt.Ltd..
Refer to U.H.Zaveri IPO RHP for detailed Information.
| IPO Date | May 8, 2018 to May 14, 2018 |
| Listing Date | May 22, 2018 |
| 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 | 22,20,000 shares (aggregating up to ₹7.99 Cr) |
| Reserved for Market Maker | 1,14,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.4104 Cr) |
| Net Offered to Public | 21,06,000 shares (aggregating up to ₹7.58 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 38,96,400 shares |
| Share Holding Post Issue | 61,16,400 shares |
U H Zaveri IPO offers total 22,20,000 shares. Out of which 10,53,000 (47.43%) allocated to NII, 10,53,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,14,000 (5.14%) |
| NII (HNI) Shares Offered | 10,53,000 (47.43%) |
| Retail Shares Offered | 10,53,000 (47.43%) |
| Total Shares Offered | 22,20,000 (100.00%) |
U.H.Zaveri IPO opens on May 8, 2018, and closes on May 14, 2018.
| IPO Open Date | Tue, May 8, 2018 |
| IPO Close Date | Mon, May 14, 2018 |
| Tentative Listing Date | Tue, May 22, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 14, 2018 |
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 |
Incorporated in 2017, Gujarat based U. H. Zaveri Private Limited is a gem & jewelry company. The business operations are divided into two divisions. One division is into wholesale and retail of jewelry and the second division is into trading of jewelry. The company mainly sells gold jewelry and marginal percentage of its revenue is earned through silver jewelry and other kinds of jewelry and utensils.
U. H. Zaveri does not manufacture its own jewelry and hence, the making is outsourced. However, the jewelry is either designed in-house or through 3-D jewelry designer or by third-party designers or they purchase ready to sell jewelry directly from manufacturers. The company has a showroom in Nikol Road, Ahmedabad. It has 6 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-18 | ||||||
| Total Assets | 892.14 | |||||
| Total Revenue | 1,389.35 | |||||
| Profit After Tax | 74.68 | |||||
The Company U.H.Zaveri 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 | To meet working capital requirement | 7.74 |
[Dilip Davda] <p><strong>Company has just five months working. Issue pricing appears aggressive. Merchant banker has poor track records. Considering current status of sentiment for jewellery segment, there is no harm in giving this issue a miss. </strong></p> Read detail review...
| Listing Date | May 22, 2018 |
| BSE Script Code | 541338 |
| NSE Symbol | |
| ISIN | INE556Z01010 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹27.00 |
| Low | ₹25.65 |
| High | ₹27.00 |
| Last Trade | ₹25.65 |
U.H.Zaveri Ltd.
GF/2, Manish Complex,
Indrajit Tenaments, Opp. Diamond Mill,
Nikol Road,
Ahmedabad, Gujarat, 382350
Phone: +91 79 22703991/92
Email: compliancesmgold@gmail.com
Website: http://www.uhzaveri.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
U.H.Zaveri IPO is a SME IPO of 22,20,000 equity shares of the face value of ₹10 aggregating up to ₹7.99 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on May 8, 2018, and closes on May 14, 2018.
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 U.H.Zaveri IPO using UPI as a payment gateway. Zerodha customers can apply in U.H.Zaveri IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in U.H.Zaveri IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The U.H.Zaveri IPO opens on May 8, 2018 and closes on May 14, 2018.
U.H.Zaveri IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in U.H.Zaveri 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 U.H.Zaveri IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the U.H.Zaveri IPO allotment status.
The U.H.Zaveri IPO listing date is on Tuesday, May 22, 2018.
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