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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 ₹110.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,24,800 (1200 shares). The minimum lot size investment for 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 Date | July 31, 2024 to August 2, 2024 |
| Listing Date | August 7, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹104 to ₹110 per share |
| Issue Price Final | ₹110 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,18,000 shares (aggregating up to ₹69.50 Cr) |
| Reserved for Market Maker | 3,18,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹3.50 Cr) |
| Net Offered to Public | 60,00,000 shares (aggregating up to ₹66.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,00,000 shares |
| Share Holding Post Issue | 2,38,18,000 shares |
Utssav Cz Gold Jewels IPO offers total 63,18,000 shares. Out of which 30,00,000 (47.48%) allocated to QIB, 12,00,000 (18.99%) allocated to QIB, 9,00,000 (14.25%) allocated to NII, 21,00,000 (33.24%) allocated to RII and 18,00,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,18,000 (5.03%) |
| QIB Shares Offered | 30,00,000 (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 (14.25%) |
| Retail Shares Offered | 21,00,000 (33.24%) |
| Total Shares Offered | 63,18,000 (100.00%) |
Utssav CZ Gold Jewels IPO raises ₹19.80 crore from anchor investors. Utssav CZ Gold Jewels IPO Anchor bid date is July 30, 2024. Utssav CZ Gold Jewels IPO Anchor Investors list
| Bid Date | July 30, 2024 |
| Shares Offered | 18,00,000 |
| Anchor Portion Size (In Cr.) | 19.80 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 4, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 3, 2024 |
Utssav CZ Gold Jewels IPO opens on July 31, 2024, and closes on August 2, 2024.
| IPO Open Date | Wed, Jul 31, 2024 |
| IPO Close Date | Fri, Aug 2, 2024 |
| Tentative Allotment | Mon, Aug 5, 2024 |
| Initiation of Refunds | Tue, Aug 6, 2024 |
| Credit of Shares to Demat | Tue, Aug 6, 2024 |
| Tentative Listing Date | Wed, Aug 7, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 2, 2024 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,32,000 |
| Retail (Max) | 1 | 1,200 | ₹1,32,000 |
| HNI (Min) | 2 | 2,400 | ₹2,64,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 12,333.33 | 8,215.83 | 5,616.49 | 4,423.40 |
| Total Income | 27,733.20 | 23,971.52 | 12,342.53 | 12,030.66 |
| Profit After Tax | 1,073.76 | 714.96 | 333.95 | 161.87 |
| Net Worth | 3,311.00 | 2,237.24 | 1,509.33 | 1,175.38 |
| Reserves and Surplus | 2,891.00 | 1,817.24 | 1,089.33 | 755.38 |
| Total Borrowing | 7,703.16 | 4,966.02 | 3,601.97 | 3,016.08 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Utssav CZ Gold Jewels IPO is ₹262.00 Cr.
KPI as of Wed, Jan 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 4.09 | 5.41 |
| P/E (x) | 26.92 | 20.33 |
The net proceeds are proposed to be utilised for the following objects:
[Dilip Davda] The company is engaged in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. This segment is highly competitive and fragmented. Though the company has given financial data till January 31`, 2024, its basis of offer price data is based on March 31, 2023 data. This is indicating many lapses on the part of LM/Company in maintaining transparency. Why one should subscribe such IPO, which is missing the latest info. The company issued private placement in the month of April 2024 at a price of Rs. 82.50 per share, but the IPO has the price band of Rs. 104 - Rs. 110. There is no harm in skipping such High Risk/Low Return” bet. Read detail review...
| Listing Date | August 7, 2024 |
| BSE Script Code | |
| NSE Symbol | UTSSAV |
| ISIN | INE06IJ01010 |
| Final Issue Price | ₹110 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹110.00 |
| Open | ₹110.05 |
| Low | ₹110.05 |
| High | ₹115.55 |
| Last Trade | ₹115.55 |
Utssav CZ Gold Jewels Ltd.
2 nd Floor Hitech Plaza
Giriraj Indl Estate Mahakali Caves Road
Andheri (East),
Mumbai, Maharashtra, 400093
Phone: +91 98194 86232
Email: compliance@utssavjewels.com
Website: https://utssavjewels.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Utssav CZ Gold Jewels IPO is a SME IPO of 63,18,000 equity shares of the face value of ₹10 aggregating up to ₹69.50 Crores. The issue is priced at ₹110 per share. The minimum order quantity is 1200.
The IPO opens on July 31, 2024, and closes on August 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 July 31, 2024 and closes on August 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 Tuesday, August 6, 2024. Check the Utssav CZ Gold Jewels IPO allotment status.
The Utssav CZ Gold Jewels IPO listing date is on Wednesday, August 7, 2024.
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