Utssav Cz Gold Jewels IPO Details: The IPO date for Utssav Cz Gold Jewels has been set. The offering will be open from July 31 to August 2. Utssav Cz Gold Jewels, an NSE SME IPO, aims to raise ₹69.50 crores. The price band for the IPO is ₹104 to ₹110, with a minimum market lot of 1,200 shares.
Utssav Cz Gold Jewels specializes in designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K cubic zirconia (CZ) gold jewelry. The company is renowned for its lightweight CZ gold and rose gold casting jewelry, including a diverse range of products such as rings, earrings, pendants, bracelets, necklaces, watches, and brooches. Their expertise lies in crafting elegant CZ casting gold jewelry and designer pieces tailored to contemporary tastes, suitable for both everyday wear and special occasions.
The company excels in creating gold jewelry adorned with CZ stones, blending the classic elegance of gold with the brilliance of cubic zirconia. Utssav Cz Gold Jewels customizes its designs to reflect regional preferences, ensuring that their offerings meet the unique needs of their diverse clientele. Their strengths include a strong focus on design innovation, a deep understanding of market trends, and a commitment to quality. Catering to a broad customer base, they provide high-end, mid-range, and affordable CZ gold jewelry, all hallmarked by the Bureau of Indian Standards (BIS). The company is noted for its production of lightweight jewelry that combines affordability with quality. Their skilled team, including 15 CAD designers, regularly develops around 400 new designs each month, allowing them to stay ahead of market trends and customer demands.
Utssav Cz Gold Jewels IPO Objectives:
The net proceeds are proposed to be utilised for the following objects:
- Funding Working Capital requirement of the company
- General Corporate Purpose
Utssav Cz Gold Jewels IPO Review (Apply or Not)
- Update soon
Utssav Cz Gold Jewels IPO Date & Price Band Details:
| IPO Open: | July 31, 2024 |
| IPO Close: | August 2, 2024 |
| IPO Size: | Approx ₹69.50 Crores, 6,318,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹104 to ₹110 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Utssav Cz Gold Jewels IPO Lot Size:
For the Utssav Cz Gold Jewels IPO, the minimum market lot is 1,200 shares, with an application amount of ₹132,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹132,000 |
| Retail Maximum | 1 | 1200 | ₹132,000 |
| S-HNI Minimum | 2 | 2400 | ₹264,000 |
Utssav Cz Gold Jewels IPO Timeline:
The Utssav Cz Gold Jewels IPO is scheduled to open on July 31 and close on August 2. Allotment is expected to occur on August 5, with the potential listing date on August 7.
| IPO Open Date: | July 31, 2024 |
| IPO Close Date: | August 2, 2024 |
| Basis of Allotment: | August 5, 2024 |
| Refunds: | August 6, 2024 |
| Credit to Demat Account: | August 6, 2024 |
| IPO Listing Date: | August 7, 2024 |
UtssavCz Gold Jewels IPO GMP Today:
GMP for Utssav Cz Gold Jewels SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Utssav Cz Gold Jewels Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹120.31 | ₹118.11 | ₹1.62 |
| 2022 | ₹123.43 | ₹119.22 | ₹3.34 |
| 2023 | ₹239.72 | ₹230.11 | ₹7.15 |
| Jan 2024 | ₹277.33 | ₹262.98 | ₹10.74 |
Utssav Cz Gold Jewels IPO Valuation – FY2023
Check Utssav Cz Gold Jewels IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.26 per Equity Share |
| Price/Earning P/E Ratio: | 24.44 |
| Return on Net Worth (RoNW): | 38.17% |
| Net Asset Value (NAV): | ₹13.32 per Equity Share |
Peer Group
- Ashapuri Gold Ornaments Limited
- Sky Gold Limited
- Swarnsarita Jewels India Limited
- Uday Jewellery Industries Ltd
Company Promoters
- Mr. Pankajkumar H. Jagawat
- Mr. Shashank Bhawarlal Jagawat
- MR.Rakesh ShantiLal Jagawat.
Utssav Cz Gold Jewels IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Utssav Cz Gold Jewels IPO Allotment Status
Check Utssav Cz Gold Jewels IPO allotment status on Bigshare website URL. Click Here
Utssav Cz Gold Jewels IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt Ltd
Company Address
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/
Utssav Cz Gold Jewels IPO FAQs
1. What are the key dates for the Utssav Cz Gold Jewels IPO?
- IPO Open Date: July 31
- IPO Close Date: August 2
- Allotment Date: August 5
- Listing Date: August 7 (tentative)
2. What is the price band for the Utssav Cz Gold Jewels IPO? The price band for the IPO is set between ₹104 and ₹110 per share.
3. What is the minimum investment amount for the IPO? The minimum market lot for the Utssav Cz Gold Jewels IPO is 1,200 shares, with a total application amount of ₹132,000.
4. What is the total amount the IPO aims to raise? The IPO aims to raise ₹69.50 crores.
5. What is the company’s business focus? Utssav Cz Gold Jewels specializes in the design, manufacture, wholesale, and export of 18K, 20K, and 22K cubic zirconia (CZ) gold jewelry. Their product range includes rings, earrings, pendants, bracelets, necklaces, watches, and brooches, with a focus on lightweight CZ gold and rose gold casting jewelry.
6. How does Utssav Cz Gold Jewels ensure quality in their products? The company is known for its commitment to quality, with all its products hallmarked by the Bureau of Indian Standards (BIS). They use advanced computer-aided design (CAD) technology, with a team of 15 CAD designers regularly developing around 400 new designs each month.
7. What are the strengths of Utssav Cz Gold Jewels? Utssav Cz Gold Jewels excels in design innovation and market understanding. They cater to diverse customer preferences and offer a range of high-end, mid-range, and affordable CZ gold jewelry. Their expertise in creating lightweight jewelry ensures affordability without compromising on quality.
8. How can investors apply for the IPO? Investors can apply for the IPO through their respective brokers or via the online platforms provided by various stock exchanges.
9. Where can I find more information about the IPO? For more details, you can visit the official IPO page on the NSE website or consult your financial advisor.
