Utssav Cz Gold Jewels Limited IPO
Utssav Cz Gold Jewels Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹104–₹110 per share. The stock debuted at ₹110.05 with a flat listing performance. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹1,32,000.
Utssav Cz Gold Jewels Limited IPO
- IPO Dates
- Jul 31, 2024 – Aug 2, 2024
- Price band
- ₹104-110 per equity share
- Minimum Investment
- ₹1,32,000
- Issue size
- ₹69.5 Cr
- Lot size
- 1200
- Allotment Date
- Aug 5, 2024
- Listing
- Aug 7, 2024
- Listing At
- NSE SME
IPO timeline
-
Jul 31, 2024
Open Date
Completed
-
Aug 2, 2024
Close Date
Completed
-
Aug 5, 2024
Allotment Date
Completed
-
Aug 7, 2024
Listing Date
Completed
Utssav Cz Gold Jewels Limited IPO Essentials
Utssav Cz Gold Jewels Limited IPO Details
Utssav Cz Gold Jewels Limited IPO is priced at ₹104-110 per share with a total issue size of 69.5 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹104-110 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,318,000 shares(aggregating up to ₹69.50 Cr)
- Total issue size
- 63,18,000 shares
(aggregating up to ₹69.5 crore) - Fresh issue
- 63,18,000 shares
(aggregating up to ₹69.5 crore) - Listing at
- NSE SME
- List price
- 110.05
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Choice Capital Advisors 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 reservation details show category-wise allocation of shares. Out of the total 6,318,000 shares, approximately 18.99% are reserved for QIB, 14.25% for NII, 33.24% for retail investors, 5.03% for market maker, and 28.49% for 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 Analytics
Utssav Cz Gold Jewels Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Utssav Cz Gold Jewels Limited IPO Subscription Status
Utssav Cz Gold Jewels Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹4.09/-
- EPS Post IPO
- ₹5.41/-
- P/E Pre IPO
- 26.92
- P/E Post IPO
- 20.33
Returns
- ROE
- 38.71%
- ROCE
- 20.43%
- RoNW
- 38.71%
- PAT Margin
- 3.89
Fundamentals
- Debt / Equity
- 2.33
- Price / Book
- 5.58
Utssav Cz Gold Jewels Limited Financials( In Lakhs)
| 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 |
Utssav Cz Gold Jewels Limited Company & Offer Insights
About Utssav Cz Gold Jewels Limited
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 are the company's promoters of Utssav Cz Gold Jewels Limited.
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 Information
Contact Details
Utssav Cz Gold Jewels Limited
+91 98194 86232
2 nd Floor Hitech Plaza, Giriraj Indl Estate Mahakali Caves Road, Andheri (East), Mumbai City, Mumbai - 400 093
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Utssav Cz Gold Jewels Limited IPO is a book-built IPO worth ₹69.5 crore. The price band is ₹104–₹110 per share. The IPO opens on Jul 31, 2024 and closes on Aug 2, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Utssav Cz Gold Jewels Limited IPO is ₹104 to ₹110 per share.
The lot size of Utssav Cz Gold Jewels Limited IPO is 1200 shares.
The minimum investment for Utssav Cz Gold Jewels Limited IPO is approximately ₹1,32,000 based on the upper price band .
Utssav Cz Gold Jewels Limited IPO opens on Jul 31, 2024 and closes on Aug 2, 2024.
The allotment date of Utssav Cz Gold Jewels Limited IPO is Aug 5, 2024.
Utssav Cz Gold Jewels Limited IPO is expected to be listed on Aug 7, 2024, on NSE SME Platform.
Utssav Cz Gold Jewels Limited IPO valuation snapshot: P/E 20.33, EPS ₹5.41/-, P/B 5.58, RoNW 38.71%, and market cap N/A.
To apply for Utssav Cz Gold Jewels Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Utssav Cz Gold Jewels Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Utssav Cz Gold Jewels Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Utssav Cz Gold Jewels Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Utssav Cz Gold Jewels Limited IPO allotment status on IPO Ji for quick and easy access.