Utssav Cz Gold Jewels Limited IPO

NSE SME

Listed On: Aug 7, 2024 at ₹ 110.05

₹ 132000 /1200 Shares

Check Allotment

Utssav Cz Gold Jewels Limited IPO Details

31 Jul, 2024

Open Date

02 Aug, 2024

Close Date

05 Aug, 2024

Allotment Date

07 Aug, 2024

Listing Date

Issue Price

₹104-110 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

110.05

Listing Date

2024-08-07

Market Lot

1200 Shares (₹132,000/-)

Lead Manager

Choice Capital Advisors Pvt Ltd

Issue Size

6,318,000 shares(aggregating up to ₹69.50 Cr)

Retail Portion

35%

Subscription

47.65 times

IPO Docs

DRHP RHP

The IPO of Utssav Cz Gold Jewels Limited is priced at ₹104-110 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Utssav Cz Gold Jewels Limited IPO bid opening date is from Jul 31, 2024 and the bid closing date was Aug 2, 2024.
Utssav Cz Gold Jewels Limited IPO allotment result will be available on Aug 5, 2024. The tentative listing date for Utssav Cz Gold Jewels Limited is Aug 7, 2024.

The total issue size is 6,318,000 shares(aggregating up to ₹69.50 Cr).

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

Total No. of Applications: 81,742 (Approx)

Utssav Cz Gold Jewels Limited Valuations

EPS Pre IPO

₹4.09/-

EPS Post IPO

₹5.41/-

P/E Pre IPO

26.92

P/E Post IPO

20.33

ROE

38.71%

ROCE

20.43%

Debt/Equity

2.33

RoNW

38.71%

PAT Margin

3.89

Price to Book Value

5.58

Utssav Cz Gold Jewels Limited Company Financials All values are in ₹ Lakh

	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 The 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)

Pre Issue Share Holding: 95.98%

Post Issue Share Holding: %

Company Promoter(s)

Mr. Pankajkumar H. Jagawat
Mr. Shashank Bhawarlal Jagawat
Mr. Rakesh ShantiLal Jagawat

Utssav Cz Gold Jewels Limited IPO - Issue Objectives

Funding Working Capital requirement of the company
General Corporate Purpose

Other Details

Company 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

Phone: +91 98194 86232

Email: compliance@utssavjewels.com

Website: https://utssavjewels.com/

Registrar Contact Details

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 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. The size of Utssav Cz Gold Jewels Limited IPO is 6,318,000 shares(aggregating up to ₹69.50 Cr).

Ans. The IPO price band is set between ₹104-110 per equity share.

Ans. To apply for Utssav Cz Gold Jewels Limited IPO 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 allotment status for Utssav Cz Gold Jewels Limited IPO here.