Utssav Cz Gold Jewels Limited IPO
NSE SMEListed On: Aug 7, 2024 at ₹ 110.05
₹ 264000 /2400 Shares
*Min Investment
31 Jul, 2024
Open Date02 Aug, 2024
Close Date05 Aug, 2024
Allotment Date07 Aug, 2024
Listing DateUtssav Cz Gold Jewels Limited IPO Issue Details
- Issue Price ₹104-110 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 63,18,000 shares(aggregating up to ₹69.5 crore)
- Fresh Share 63,18,000 shares(aggregating up to ₹69.5 crore)
- Listing at NSE SME
- List Price 110.05
- Listing Date 2024-08-07
- Lead Manager Choice Capital Advisors Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,32,000 |
| Retail(max) | 1 | 1200 | ₹1,32,000 |
| NII (min) | 2 | 2,400 | ₹2,64,000 |
Utssav Cz Gold Jewels Limited IPO Reservation
Utssav Cz Gold Jewels Limited IPO offers total 6,318,000 shares. Out of which 1,200,000 (18.99%) allocated to QIB, 900,000 (14.25%) allocated to NII,2,100,000 (33.24%) allocated to RII, NA (NA%) allocated to employees and 1,800,000 (28.49%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,800,000 (28.49%) | |
| Market Maker Shares Offered | 318,000 (5.03%) | |
| QIB Shares Offered | 1,200,000 (18.99%) | |
| NII (HNI) Shares Offered | 900,000 (14.25%) | |
| Retail Shares Offered | 2,100,000 (33.24%) | |
| Total Shares Offered | 6,318,000 (100%) |
Utssav Cz Gold Jewels Limited IPO Details
Utssav Cz Gold Jewels Limited IPO is an SME IPO, priced at ₹104-110 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 63,18,000 equity shares, aggregating up to ₹69.5 crores..
The IPO bidding window is open from Jul 31, 2024 to Aug 2, 2024. The allotment is expected to be finalized on Aug 5, 2024, and the tentative listing date is Aug 7, 2024.
The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.
Choice Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Choice Equity Broking Private Limited will act as the market maker for this issue.
Utssav Cz Gold Jewels Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,200,000 / 900,000 | 2,100,000 | 4,200,000 |
Day 1 31-07-24 06:00 PM | 0.00 / 1.16 x | 3.16 x | 1.83 x |
Day 2 01-08-24 06:00 PM | 0.00 / 9.07 x | 12.97 x | 8.43 x |
Day 3 02-08-24 06:00 PM | 36.43 / 64.82 x | 46.71 x | 47.65 x |
Utssav Cz Gold Jewels Limited Valuations
Utssav Cz Gold Jewels Limited Company Financials
| 31-Jan-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 12,333.33 | 8,215.83 | 5,616.49 |
| Revenue | 27,733.20 | 23,971.52 | 12,342.53 |
| Profit After Tax | 1,073.76 | 714.96 | 333.95 |
| Net Worth | 3,311.00 | 2,237.24 | 1,509.33 |
| Reserves & Surplus | 2,891.00 | 1,817.24 | 1,089.33 |
| Total Borrowing | 7,703.16 | 4,966.02 | 3,601.97 |
About Utssav Cz Gold Jewels Limited Company
Utssav Cz Gold Jewels Limited incorporated in November 2007 manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ Gold jewellery.
Utssav produces and sells a diverse range of jewellery products such as rings, earrings, pendants, bracelets, necklaces, watches, and brooches, among others.
The manufacturing plant of the company situated at Andheri East, Mumbai covers an area of 8,275 square feet with a production capacity of 1,500 kg per annum and produces a diverse range of jewelry.
The company's customers are in 17 states and 2 union territories in India, as well as 2 countries abroad.
The company provides a wide range of lightweight jewelry in 18K, 20K, and 22K CZ gold and rose gold categories, which are 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 keep the market pace and meet customer demands.
As of March 31, 2024, the company had 69 permanent employees on its payroll.
Utssav Cz Gold Jewels Limited - Promoter(s)
Mr. Pankajkumar H. Jagawat
Mr. Shashank Bhawarlal Jagawat
Mr. Rakesh ShantiLal Jagawat
Pre Issue Share Holding : 95.98%
Post Issue Share Holding : %
Utssav Cz Gold Jewels Limited IPO - Issue Objectives
Funding Working Capital requirement of the company
General Corporate Purpose
Utssav Cz Gold Jewels Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Utssav Cz Gold Jewels Limited | 4.26 | 4.26 | 13.32 | 26.92 | 38.17 | 8.26 | Standalone |
| Ashapuri Gold Ornament Ltd | 0.71 | 0.71 | 33.01 | 10.7 | 2.19 | 2.18 | Consolidated |
| Sky Gold Ltd | 17.32 | 17.32 | 91.34 | 115.11 | 21.28 | 2.98 | Consolidated |
| Swarnsarita Jewels India Limited | 3.01 | 3.01 | 56.09 | 9.29 | 5.52 | 0.3 | Consolidated |
| Uday Jewellery Industries Ltd | 4.31 | 4.31 | 30.58 | 32.42 | 15.18 | 3.23 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on NSE / BSE on July 19, 2024, divided by the Diluted EPS.
- Return on net worth is calculated as Net profit after tax, as restated, for the year/ period divided by Average Net worth. Average net worth means the aggregate value of the paid-up share capital and reserves and surplus of the current and previous financial year/period.
- NAV is computed as the net worth at the end of the year divided by the weighted average number of equity shares outstanding.
- The basic and diluted earnings per share for the Equity Shares of our Company has been presented to reflect the adjustments for issue of bonus shares after January 31, 2024.
Contact Details
Utssav Cz Gold Jewels Limited
2 nd Floor Hitech Plaza, Giriraj Indl Estate Mahakali Caves Road, Andheri (East), Mumbai City, Mumbai - 400 093
+91 98194 86232
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Utssav Cz Gold Jewels Limited IPO - FAQs
Ans. Utssav Cz Gold Jewels Limited IPO is a SME IPO. The issue is priced at ₹104-110 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jul 31, 2024, and closes on Aug 2, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Utssav Cz Gold Jewels Limited IPO opens on Jul 31, 2024 and closes on Aug 2, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Utssav Cz Gold Jewels Limited IPO is 6,318,000 shares(aggregating up to ₹69.50 Cr).
Ans. The Utssav Cz Gold Jewels Limited IPO price band is set between ₹104-110 per equity share.
Ans. To apply for Utssav Cz Gold Jewels Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Utssav Cz Gold Jewels Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Utssav Cz Gold Jewels Limited IPO is Aug 5, 2024.
Ans. The Utssav Cz Gold Jewels Limited IPO will be listed on Aug 7, 2024.
Ans. Follow the steps to check the Utssav Cz Gold Jewels Limited IPO allotment status online.
