Utssav Cz Gold Jewels Limited IPO
- IPO Date31 Jul, 2024 to 02 Aug, 2024
- Listing Date07 Aug, 2024
- Face Value₹10 per share
- Issue Price₹104 to ₹110 per share
- Lot Size1200 Shares
- Minimum Investment₹1,32,000
- Listing AtNSE SME
- Total Issue Size63,18,000 Shares
(aggregating up to ₹69.50 Cr) - Fresh Issue63,18,000 Shares
(aggregating up to ₹69.50 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,75,00,000
- Shareholding post issue2,38,18,000
IPO Dates
Closing Date
02 Aug, 2024
Initiation of Refunds
06 Aug, 2024
Listing Date
07 Aug, 2024
31 Jul, 2024
Opening Date
05 Aug, 2024
Basis of Allotment
06 Aug, 2024
Credit of Shares
Utssav Cz Gold Jewels Limited Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below 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 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,32,000 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 2400 | ₹2,64,000 |
Utssav Cz Gold Jewels Limited Promoter Holding
The promoters of the company are Mr. Pankajkumar H. Jagawat. Mr. Shashank Bhawarlal Jagawat and MR.Rakesh ShantiLal Jagawat.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 95.98% | - |
Utssav Cz Gold Jewels Limited COMPANY INFORMATION
Utssav Cz Gold Jewels IPO is a book built issue of Rs 69.50 crores. The issue is entirely a fresh issue of 63.18 lakh shares. Utssav Cz Gold Jewels IPO opens for subscription on July 31, 2024 and closes on August 2, 2024. The allotment for the Utssav Cz Gold Jewels IPO is expected to be finalized on Monday, August 5, 2024. Utssav Cz Gold Jewels IPO will list on NSE SME with tentative listing date fixed as Wednesday, August 7, 2024. Utssav Cz Gold Jewels IPO price band is set at ₹104 to ₹110 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹264,000. Choice Capital Advisors Pvt Ltd is the book running lead manager of the Utssav Cz Gold Jewels IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Utssav Cz Gold Jewels IPO is Choice Equity Broking. Refer to Utssav Cz Gold Jewels IPO RHP for detailed information.
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.
Utssav CZ Gold Jewels Limited IPO Overview
Summary
Utssav CZ Gold Jewels Limited is planning an IPO to raise funds for its business expansion and operational enhancements. The company operates in the gems and jewellery industry, specifically focusing on the manufacturing and retailing of gold and CZ (Cubic Zirconia) jewellery. The IPO will offer equity shares to the public, providing an opportunity to invest in a well-established jewellery brand with significant growth potential.
Pros
- Established Market Presence: Utssav CZ Gold Jewels Limited has a strong presence in the Indian jewellery market, leveraging its brand reputation to attract customers.
- Diversified Product Range: The company offers a wide variety of jewellery products, catering to different customer preferences and price points.
- Growth Potential: The funds raised through the IPO will be utilized for expanding retail operations and upgrading manufacturing facilities, which could drive future growth.
- Experienced Management: The company is led by a team of experienced professionals with a deep understanding of the jewellery industry.
Cons
- Market Volatility: The jewellery market can be affected by fluctuations in gold prices and economic conditions, which might impact the company’s profitability.
- Competition: The industry is highly competitive, with numerous established and emerging players vying for market share.
- Operational Risks: Expanding retail operations and upgrading manufacturing facilities involve significant operational challenges and risks.
- Regulatory Environment: Changes in regulatory policies related to the jewellery industry could affect the company's operations and profitability.
Introduction to Utssav CZ Gold Jewels Limited IPO
Utssav CZ Gold Jewels Limited, a leading name in the Indian jewellery industry, is set to launch its Initial Public Offering (IPO). This IPO presents a lucrative investment opportunity for those looking to invest in a reputable and growing jewellery brand.
Pros of Investing in Utssav CZ Gold Jewels Limited IPO
Established Market Presence: With a solid foothold in the Indian jewellery market, Utssav CZ Gold Jewels Limited enjoys a strong brand reputation. Diversified Product Range: The company’s extensive range of gold and CZ jewellery caters to a broad spectrum of customer preferences. Growth Potential: The IPO proceeds will fuel expansion plans and technological upgrades, potentially driving significant future growth. Experienced Management: The leadership team brings a wealth of industry experience, guiding the company towards sustained success.
Cons to Consider Before Investing
Market Volatility: Gold price fluctuations and economic downturns could impact profitability. Intense Competition: The jewellery market is crowded with both established brands and new entrants. Operational Challenges: Expansion and modernization efforts come with inherent risks and challenges. Regulatory Changes: Shifts in regulatory policies could influence operational dynamics and financial outcomes.
FAQs About Utssav Cz Gold Jewels Limited Ipo
Utssav Cz Gold Jewels Limited IPO will open on 31 Jul, 2024 and close on 02 Aug, 2024. Investors must apply within this period to participate.
The Utssav Cz Gold Jewels Limited IPO price band is set between ₹104.00 and ₹110.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹132000.00.
The Utssav Cz Gold Jewels Limited IPO shares are expected to be listed on 07 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Utssav Cz Gold Jewels Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Utssav Cz Gold Jewels Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.