Utssav CZ Gold Jewels Ltd
Price Range
₹104 - ₹110
Min. Quantity
1,200
Closes on
2 August 2024
Min. investment
₹1,32,000/1,200 Shares
Utssav CZ Gold Jewels Ltd IPO Timeline
Utssav CZ Gold Jewels Limited was originally incorporated as 'Company Limited by Shares' under the name 'Utsav CZ Gold Jewels Private Limited' and the Certificate of Incorporation was issued by Registrar of Companies, Mumbai, Maharashtra on November 06, 2007. The Company was converted from a Private Limited to Public Limited and the name was changed to 'Utsav CZ Gold Jewels Limited' and dated January 08, 2008. The Company name was further changed to 'Utssav CZ Gold Jewels Limited' and a fresh Certificate of Incorporation dated February 19, 2008 was issued to the Company by the Registrar of Companies, Mumbai, Maharashtra.
| Event | Date |
|---|---|
| Utssav CZ Gold Jewels Ltd IPO Opening Date | 31 July 2024 |
| Utssav CZ Gold Jewels Ltd IPO Closing Date | 2 August 2024 |
| Basis of Allotment | 5 August 2024 |
| Initiation of Refunds | 6 August 2024 |
| Credit of Shares to Demat | 6 August 2024 |
| Utssav CZ Gold Jewels Ltd IPO Listing Date | 7 August 2024 |
Utssav CZ Gold Jewels Ltd IPO Details
| Utssav CZ Gold Jewels Ltd IPO Date | 31 July 2024 to 2 August 2024 |
| Utssav CZ Gold Jewels Ltd IPO Face Value | ₹10 per share |
| Utssav CZ Gold Jewels Ltd IPO Price | ₹104 to ₹110 per share |
| Utssav CZ Gold Jewels Ltd IPO Lot Size | 1,200 |
| Issue Size | Shares of ₹10 (aggregating up to ₹69.5 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹69.5 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Pankajkumar H Jagawat, Shashank Bhawarlal Jagawat, Rakesh Shantilal Jagawat |
Utssav CZ Gold Jewels Ltd IPO Lot Size
The Utssav CZ Gold Jewels Ltd IPO lot size is 1,200 shares. A retail-individual investor can apply for up to 1 lots (1,200 shares or ₹1,32,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,200 | ₹1,32,000 |
| Maximum | 1 | 1,200 | ₹1,32,000 |
- Strengths
- Risks
- Opportunities
- Established in 2007, the Company offers wide range of lightweight jewellery across 18K, 20K and 22K CZ gold and rose gold categories which are prominent categories in the daily and fashion wear jewellery segment.
- The Company boasts a diverse team of skilled artisans and professionals with varied expertise in jewellery making.
- The Company has long standing relationships with established brands in the domestic jewellery retailing market such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and numerous other esteemed clients. the Company has consistently delivered quality services and products, earning the trust and loyalty of the customers.
- On the back of high demand of gold jewellery and higher contribution of 18K gold jewellery in the sales mix, The Company reported a strong business growth with improvement in the profitability.
- The experience of its promoters holds immense significance. Mr. Pankajkumar H Jagawat and Mr. Shashank Bhawarlal Jagawat each contribute over sixteen (16) years of invaluable expertise, whereas Mr. Rakesh Jagawat brings over twelve (12) years of experience in the jewellery market.
Company Financials
Utssav CZ Gold Jewels Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 121.24 | 341.85 | 12.85 |
| 03-2023 | 82.16 | 239.72 | 7.15 |
| 03-2022 | 56.16 | 123.43 | 3.34 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- General corporate purposes
Utssav CZ Gold Jewels Ltd IPO Promoter Holding
| Pre Issue Share Holding | 81.2% |
| Post Issue Share Holding | 59.66% |
Utssav CZ Gold Jewels Ltd IPO Subscription Status (Bidding Detail)
The Utssav CZ Gold Jewels Ltd IPO is subscribed 44 times on 2 August 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 44 |
Utssav CZ Gold Jewels Ltd IPO Prospectus
Utssav CZ Gold Jewels Ltd IPO Listing Date
| Listing Date | 7 August 2024 |
| BSE Script | 93135 |
| NSE Symbol | UTSSAV |
| Listing In | NSE - SME |
| ISIN | INE06IJ01010 |
| IPO Price | ₹110 |
| Face Value | ₹10 |
Company Contact Information
2nd Flr Hitech Plaza GirirajInd.Este.Mahakali C.Rd Andheri,Mumbai-400093
Phone: +91 98194 86232
Email: compliance@utssavjewels.com
Website: https://utssavjewels.com
Utssav CZ Gold Jewels Ltd IPO Registrar
Utssav CZ Gold Jewels Ltd IPO Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
FAQ
What is the issue size of Utssav CZ Gold Jewels Ltd IPO?
I have pre-applied for Utssav CZ Gold Jewels Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.