Utssav Cz Gold Jewels IPO will open for subscription from 31 July 2024. The company aims for an issue size of ₹69.50 Cr through this IPO.
Company Overview
| Full name | Utssav Cz Gold Jewels Limited |
| Sector | Diamond & Jewellery |
| Industry | Diamond & Jewellery |
| Company Website | https://utssavjewels.com/ |
About Company
Incorporated in 2007, Utssav CZ Gold Jewels specializes in designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K CZ gold jewelry. The company excels in producing lightweight cubic zirconia (CZ) gold and rose gold casting jewelry. Utssav CZ Gold offers a wide collection of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. The company employs 15 skilled CAD designers who create around 400 new designs monthly to stay ahead of market trends and customer demands.
The company’s manufacturing facility spans 8,275 square feet in Andheri East, Mumbai, equipped to produce a variety of jewelry with precision and efficiency. As of July 2024, Utssav CZ Gold Jewels has an installed manufacturing capacity of 1,500 kg per annum. The company has long-standing relationships with jewelry retailers such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and many other esteemed clients. Its customers are spread across 17 states and 2 union territories in India, as well as 2 countries abroad.
The Objectives of the Issue
- Funding Working Capital requirement of the company
- General Corporate Purpose
Utssav Cz Gold Jewels IPO Timetable
| IPO Opening date | 31 July 2024 |
| IPO Closing | 02 August 2024 |
| Basis of Allotment | 05 August 2024 |
| Initiation Refund | 06 August 2024 |
| Credit to Demat Account | 06 August 2024 |
| Listing Date | 07 August 2024 |
Utssav Cz Gold Jewels IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹69.50 Cr – 6,318,000 shares |
| Fresh Issue | ₹69.50 Cr – 6,318,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹104 to ₹110 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 318,000 shares |
| Shareholding pre-issue | 17,500,000 |
| Shareholding post-issue | 23,818,000 |
| Listing Exchange | NSE SME |
Utssav Cz Gold Jewels IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹132,000 |
| Retail (Max) | 1 | 1200 | ₹132,000 |
| HNI (Min) | 2 | 2,400 | ₹264,000 |
Utssav Cz Gold Jewels Offer Documents
Utssav Cz Gold Jewels IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 10M FY 2024 | |
| Revenue | 120.23 | 123.30 | 238.19 | 275.95 |
| Expenses | 118.11 | 119.22 | 230.11 | 262.98 |
| Net income | 1.62 | 3.34 | 7.15 | 10.74 |
Utssav Cz Gold Jewels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.96 | 1.99 | 4.26 |
| PE ratio | – | – | 24.31 – 25.82 |
| RONW (%) | 14.79 | 24.88 | 38.17 |
| NAV | 7.00 | 8.98 | 13.32 |
| ROCE (%) | 9.93 | 13.34 | 21.72 |
| EBITDA (%) | 3.01 | 5.37 | 5.83 |
| Debt/Equity | 2.57 | 2.39 | 2.22 |
Company Promoters
- Mr. Pankajkumar H. Jagawat
- Mr. Shashank Bhawarlal Jagawat
- MR.Rakesh ShantiLal Jagawat
Promoter Holding
| Pre Issue Share Holding | 95.98% |
| Post Issue Share Holding |
Utssav Cz Gold Jewels Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 6 August 2024 | 23 | – | 21,500 |
| 5 August 2024 | 27 | – | 25,000 |
| 3 August 2024 | 38 | – | 33,000 |
| 2 August 2024 | 52 | – | 48,000 |
| 1 August 2024 | 52 | – | 48,000 |
| 31 July 2024 | 48 | – | 45,000 |
Utssav Cz Gold Jewels IPO Subscription Update
| Category | Subscription (times) |
|---|---|
| QIB | 36.43 |
| NII | 64.47 |
| Retail | 46.71 |
| Total | 47.58 |
Utssav Cz Gold Jewels IPO Listing Details
| Listing Date | 07 August 2024 |
| BSE Scrip Code | |
| NSE Symbol | UTSSAV |
| ISIN | INE06IJ01010 |
| Final Issue Price | ₹110 per share |
Utssav Cz Gold Jewels Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | ₹110.00 |
| Open | ₹110.05 |
| Low | ₹110.05 |
| High | ₹115.55 |
| Last Trade | ₹115.55 |
Utssav Cz Gold Jewels IPO Lead Manager(s)
CHOICE CAPITAL ADVISORS PRIVATE LIMITED
Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999 / 7919
Email: ugil.ipo@choiceindia.com
Website: www.choiceindia.com
Utssav Cz Gold Jewels Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Utssav Cz Gold Jewels Contact Details
UTSSAV CZ GOLD JEWELS LIMITED
2nd Floor, Hitech Plaza, Giriraj Indl Estate
Mahakali Caves Road, Andheri (East), Mumbai City,
Mumbai – 400 093, Maharashtra, India
Phone: +91 98194 86232
E-mail: compliance@utssavjewels.com
Website: www.utssavjewels.com
Utssav Cz Gold Jewels IPO FAQs
What is the Utssav CZ Gold Jewels offer size?
Utssav CZ Gold Jewels offer size is ₹ 65.71 – 69.50 crores.
What is the Utssav CZ Gold Jewels offer price band?
Utssav CZ Gold Jewels public offer price is INR 104 – 110 per share.
What is the lot size of the Utssav CZ Gold Jewels Offer?
Utssav CZ Gold Jewels offer lot size is 1,200 shares.
What is Utssav CZ Gold Jewels Offer GMP today?
Utssav CZ Gold Jewels IPO GMP today is ₹ 23 per share.
What is the Utssav CZ Gold Jewels kostak rate today?
Utssav CZ Gold Jewels kostak rate today is ₹ NA per application.
What is Utssav CZ Gold Jewels Subject to the Sauda rate today?
Utssav CZ Gold Jewels is Subject to the Sauda rate today is ₹ 21,500 per application.
Final thoughts
Utssav Cz Gold Jewels IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
