Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Tue, May 8, 2018 - Mon, May 14, 2018
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 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 NNM Securities Pvt.Ltd..
Refer to U.H.Zaveri IPO RHP for detailed Information.
IPO Open
Tue, May 8, 2018
IPO Close
Mon, May 14, 2018
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹22.02 Cr
| IPO Date | 8 to 14 May, 2018 |
| Listed on | Tue, May 22, 2018 |
| 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 | 22,20,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,14,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.4104 Cr) |
| Fresh Issue (Ex Market Maker) | 21,06,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 21,06,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 38,96,400 shares |
| Share Holding Post Issue | 61,16,400 shares |
| BSE Script Code | 541338 |
| ISIN | INE556Z01010 |
U.H.Zaveri IPO comprises a total issue size of 22,20,000 shares. The net offer to the public is 21,06,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,53,000 (50.00%) allocated to NII 10,53,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,53,000 | 50.00% | 47.43% |
| Retail Shares Offered | 10,53,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.14% | |
| Total Shares Offered | 22,20,000 | 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 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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirement | 7.74 |
The U.H.Zaveri IPO is subscribed 2.83 times on May 14, 2018 5:00:00 PM (Day 5). The public issue subscribed 3.76 times in the retail category, [.] times in the QIB category, and 1.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.89 | 10,53,000 | 19,95,000 |
| Retail | 3.76 | 10,53,000 | 39,63,000 |
| Total | 2.83 | 21,06,000 | 59,58,000 |
| # | 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 Advisors, Registrars and other out of pocket expenses. | 0.20 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹27.00 |
| Low | ₹25.65 |
| High | ₹27.00 |
| Last Trade | ₹25.65 |
Lead Manager Reports
U.H.Zaveri IPO is a SME IPO of 22,20,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Tue, May 8, 2018, and closes on Mon, 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 Tue, May 8, 2018 and closes on Mon, 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 Tue, May 22, 2018.
