Bookbuilding IPO | ₹69 Cr | Listed at NSE SME | Wed, Jul 31, 2024 - Fri, Aug 2, 2024
Utssav CZ Gold Jewels IPO is a book build issue of ₹69.50 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹69.50 crore.
Utssav CZ Gold Jewels IPO bidding started from Jul 31, 2024 and ended on Aug 2, 2024. The allotment for Utssav CZ Gold Jewels IPO was finalized on Aug 5, 2024. The shares got listed on NSE SME on Aug 7, 2024.
Utssav CZ Gold Jewels IPO price band is set at ₹110 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,32,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,64,000.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Utssav CZ Gold Jewels IPO RHP for detailed Information.
IPO Open
Wed, Jul 31, 2024
IPO Close
Fri, Aug 2, 2024
Issue Price
₹110 per share
Market Cap (Pre-IPO)
₹262.00 Cr
| IPO Date | 31 Jul to 2 Aug, 2024 |
| Listed on | Wed, Aug 7, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹104 to ₹110 |
| Issue Price | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 63,18,000 shares (agg. up to ₹69 Cr) |
| Reserved for Market Maker | 3,18,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 60,00,000 shares (agg. up to ₹66 Cr) |
| Net Offered to Public | 60,00,000 shares (agg. up to ₹66 Cr) |
| Share Holding Pre Issue | 1,75,00,000 shares |
| Share Holding Post Issue | 2,38,18,000 shares |
| NSE Symbol | UTSSAV |
| ISIN | INE06IJ01010 |
Utssav CZ Gold Jewels IPO comprises a total issue size of 63,18,000 shares. The net offer to the public is 60,00,000 shares, after excluding 3,18,000 shares allotted on a firm basis. Of the Net offer 30,00,000 (50.00%) are allocated to QIB, 9,00,000 (15.00%) allocated to NII 21,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,00,000 | 50.00% | 47.48% |
| − Anchor Investor Shares Offered | 18,00,000 | 28.49% | |
| − QIB (Ex. Anchor) Shares Offered | 12,00,000 | 18.99% | |
| NII (HNI) Shares Offered | 9,00,000 | 15.00% | 14.25% |
| Retail Shares Offered | 21,00,000 | 35.00% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,18,000 | 5.03% | |
| Total Shares Offered | 63,18,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
Utssav CZ Gold Jewels IPO raises ₹19.80 crore from anchor investors. Utssav CZ Gold Jewels IPO Anchor bid date is July 30, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 30, 2024 |
| Shares Offered | 18,00,000 |
| Anchor Portion (₹ Cr.) | 19.80 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Sep 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Nov 3, 2024 |
Incorporated in November 2007, 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.
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 123.33 | 82.16 | 56.16 | 44.23 |
| Total Income | 277.33 | 239.72 | 123.43 | 120.31 |
| Profit After Tax | 10.74 | 7.15 | 3.34 | 1.62 |
| NET Worth | 33.11 | 22.37 | 15.09 | 11.75 |
| Reserves and Surplus | 28.91 | 18.17 | 10.89 | 7.55 |
| Total Borrowing | 77.03 | 49.66 | 36.02 | 30.16 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirement of our Company | 60.50 |
| 2 | General Corporate Purpose | 0.24 |
| KPI | Jan 31, 2024 |
|---|---|
| ROE | 38.71% |
| ROCE | 20.43% |
| Debt/Equity | 2.33 |
| RoNW | 38.71% |
| PAT Margin | 3.89% |
| Price to Book Value | 5.58 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.09 | 5.41 |
| P/E (x) | 26.92 | 20.33 |
| Promoter Holding | 95.98% | 70.52% |
| Market Cap | ₹262.00 Cr. |
The Utssav Cz Gold Jewels IPO is subscribed 47.58 times on August 2, 2024 6:19:59 PM (Day 3). The public issue subscribed 46.71 times in the retail category, 36.43 times in the QIB category, and 64.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 36.43 | 12,00,000 | 4,37,18,400 |
| NII* | 64.47 | 9,00,000 | 5,80,22,400 |
| Retail | 46.71 | 21,00,000 | 9,80,90,400 |
| Total | 47.58 | 42,00,000 | 19,98,31,200 |
Total Application : 81,742
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting commissions and selling commission) | 7.78 |
| 2 | Advertising and marketing expenses | 0.17 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.09 |
| 4 | Fees to the Registrar to the Issue | 0.04 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.05 |
| 6 | Printing and distribution of Issue stationary | 0.02 |
| 7 | Brokerage, selling commission and uploading/processing fees | 0.07 |
| 8 | Others (bankers to the Issue, depositories, secretarial, market making, auditor’s fees, other professional fees etc.) | 0.55 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹110.05 |
| Low | ₹110.05 |
| High | ₹115.55 |
| Last Trade | ₹115.55 |
Lead Manager Reports
Utssav CZ Gold Jewels IPO is a SME IPO of 63,18,000 equity shares of the face value of ₹10 aggregating up to ₹69 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Jul 31, 2024, and closes on Fri, Aug 2, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Utssav CZ Gold Jewels IPO using UPI as a payment gateway. Zerodha customers can apply in Utssav CZ Gold Jewels IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Utssav CZ Gold Jewels IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Utssav CZ Gold Jewels IPO opens on Wed, Jul 31, 2024 and closes on Fri, Aug 2, 2024.
Utssav CZ Gold Jewels IPO lot size is 1200, and the minimum amount required for application is ₹1,32,000.
You can apply in Utssav CZ Gold 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 Utssav CZ Gold Jewels IPO will be done on Monday, August 5, 2024, and the allotted shares will be credited to your demat account by Tue, Aug 6, 2024. Check the Utssav CZ Gold Jewels IPO allotment status.
The Utssav CZ Gold Jewels IPO listing date is on Wed, Aug 7, 2024.
