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Utssav CZ Gold Jewels Ltd

Diamond, Gems and Jewellery

Offer Period :

31st to 2nd Aug 2024

Incorporated in November 2007, Utssav Cz Gold Jewels Limited specializes in designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K CZ gold jewelry. Their extensive product range includes rings, earrings, pendants, bracelets, necklaces, watches, and brooches. Operating from an 8,275 sq. ft. Read more...facility in Andheri East, Mumbai, they produce 1,500 kg of jewelry annually. Serving 17 Indian states, 2 union territories, and international markets, they offer lightweight traditional and contemporary designs. With 15 CAD designers, they develop 400 new designs monthly. As of March 31, 2024, they employ 69 permanent staff.Read less

Utssav CZ Gold Jewels Ltd IPO Details

IPO Date 31st to 2nd Aug 2024 Minimum Investment ₹132000 / 1 Lots
Listing Date 2024-08-07 Maximum Investment ₹132000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹69.5 Crores
Price ₹110 to ₹110 per share Fresh Issue ₹69.5 Crores
Lot Size 1 Lots (1200 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 31st to 2nd Aug 2024
Listing Date 2024-08-07
Face Value ₹10 per share
Price ₹110 to ₹110 per share
Lot Size 1 Lots (1200 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹132000 / 1 Lots
Maximum Investment ₹132000 / 1 Lots
Total Issue Size ₹69.5 Crores
Fresh Issue ₹69.5 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

31st Jul

IPO Starts

2nd Aug

IPO Ends

5th Aug

Allotment Date

6th Aug

Initiation of Refund

6th Aug

Credit of Shares to Demat Account

7th Aug

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 81.55 0
Public Group 18.45 0

Utssav CZ Gold Jewels Ltd IPO Reservation

QIB Shares Offered 1200000(18.99%)
NII (HNI) Shares Offered 900000(14.25%)
Retail Shares Offered 2100000(33.24%)
Anchor Investor Shares Offered 1800000(28.49%)
Total Shares Offered 6318000
Total Shares With Anchor Investor 6318000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Utssav CZ Gold Jewels Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Utssav CZ Gold Jewels Ltd IPO Lead Manager

1. Choice Capital Advisors Pvt Ltd

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Utssav CZ Gold Jewels Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Utssav CZ Gold Jewels Ltd

1. 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.

2. The Company boasts a diverse team of skilled artisans and professionals with varied expertise in jewellery making.

3. 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.

4. 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.

5. 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.

Risks Involved

1. Significant portion of its revenues is concentrated from a limited number of clients. The loss of any of the company significant clients may have an adverse effect on its business, financial condition and result of operations.

2. The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.

3. The unexpected loss, shutdown or slowdown of operations at its manufacturing plant could have a material adverse effect on the company results of operations and financial condition.

4. The Company requires significant amount of working capital for continued growth. Its inability to meet the company working capital requirements, on commercially acceptable terms, may have an adverse impact on its business, financial condition and results of operations.

5. Its business, operating performance, and financial situation could negatively impact the company capacity to adapt quickly to shifts in consumer expectations and market trends, as well as by the company failures to diversify its product offering.

6. Its CZ gold jewellery business faces risks from market volatility and changing consumer preferences. Fluctuations in commodity prices like gold could impact its costs and profitability. Evolving consumer tastes influence product demand, necessitating continuous adaptation to remain competitive.

7. The company has availed unsecured loans from Promoters and third parties that are recallable, at any time.

8. The company has experienced negative cash flows in the past, and its may have negative cash flows in the future.

9. The company may faces significant competition in its business. An inability to compete effectively may lead to loss of business or reduced operating margins.

10. The company has entered into related party transactions in the past and may continue to do so in the future.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Utssav CZ Gold Jewels Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-08-07 93135 UTSSAV
INE06IJ01010
₹110 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹110 ₹110
Open ₹0 ₹110.05
Low ₹0 ₹110.05
High ₹0 ₹115.55
Low ₹0 ₹110.05

Frequently Asked Questions

What is Utssav CZ Gold Jewels Ltd IPO?

Answer Field

Utssav CZ Gold Jewels Ltd IPO is a SME IPO of 63,18,000 equity shares of a face value of ₹10 aggregating up to ₹69.5 Crores. The issue is priced at ₹110 to ₹110 per share. The minimum order quantity is 1200 Shares. The IPO opens on July 31, 2024, and closes on August 02, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Utssav CZ Gold Jewels Ltd IPO will open?

Answer Field

The Utssav CZ Gold Jewels Ltd IPO opens on July 31, 2024 and closes on August 02, 2024.

What is the lot size of Utssav CZ Gold Jewels Ltd?

Answer Field

Utssav CZ Gold Jewels Ltd lot size is 1200 shares, and the minimum amount required is ₹1,32,000.

How to apply for Utssav CZ Gold Jewels Ltd IPO?

Answer Field

You can apply in Utssav CZ Gold Jewels Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Utssav CZ Gold Jewels Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Utssav CZ Gold Jewels Ltd IPO will be done on August 05, 2024, and the allotted shares will be credited to your demat account by August 06, 2024.

When is Utssav CZ Gold Jewels Ltd IPO listing date?

Answer Field

The Utssav CZ Gold Jewels Ltd listing date is August 07, 2024.

Who is the registrar of Utssav CZ Gold Jewels Ltd IPO?

Answer Field

The registrar of Utssav CZ Gold Jewels Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Choice Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Utssav CZ Gold Jewels Ltd IPO?

Answer Field

The fresh issue size is ₹69.5 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Utssav CZ Gold Jewels Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1200 shares and ₹1,32,000 amount.

How can I approve the UPI mandate request for Utssav CZ Gold Jewels Ltd IPO?

Answer Field

To apply for Utssav CZ Gold Jewels Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Utssav CZ Gold Jewels Ltd?

Answer Field

The price of each Utssav CZ Gold Jewels Ltd share will be ranging in between ₹110 to ₹110 per share.

What is the cut-off time for the UPI mandate for Utssav CZ Gold Jewels Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, August 02, 2024.

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