Utssav Cz Gold Jewels Limited
Bookbuilding IPO · NSE
- Price band
- ₹104 - ₹110
- Lot size
- 1,200 shares
- Issue amount
- ₹69.5 cr
- Total subscription
- 47.65×
- Opens
- 31 Jul 2024
- Closes
- 2 Aug 2024
- Allotment
- 5 Aug 2024
- Listing
- 7 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 63,18,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,24,800
- Fresh issue
- ₹69.5 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,75,00,000
- Shares after issue
- 2,38,18,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,32,000 |
| HNI | 2 | 2,400 | ₹2,64,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 13.2 | 480.9 |
| RETAIL | 23.1 | 1,078.99 |
| NIB | 9.9 | 641.74 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Jan-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.39 | 4.26 | 1.99 |
| ROE | 38.71 | 38.17 | 24.88 |
| ROCE | 20.43 | 21.72 | 13.34 |
| RONW | 38.71 | 38.17 | 24.88 |
| PRE IPO(PE) | 26.92 | 0 | 0 |
| POST IPO(PE) | 20.33 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18K, 20K, and 22K CZ gold jewellery, offering a wide range of rings, earrings, pendants, bracelets, necklaces, watches, and brooches. Operating from an 8,275 sq. ft. manufacturing facility in Andheri East, Mumbai, the company has an annual production capacity of 1,500 kg. It serves customers across 17 states, 2 union territories, and 2 international markets, specializing in lightweight CZ gold and rose gold jewellery for daily and fashion wear, blending traditional and contemporary styles. In FY 2023, 18K and 22K jewellery contributed 73.27% and 24.94% of sales, and for the ten months ending January 31, 2024, these segments accounted for 74.22% and 24.67%, respectively. Supported by a team of 15 CAD designers creating around 400 new designs every month, the company consistently maintains its competitive position in the jewellery market.
Strengths
- Wide Jewellery Collection: The company offers a variety of lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold, perfect for both daily wear and fashion needs. The designs blend traditional and modern styles to suit different tastes.
- Skilled Team: A talented team of artisans and professionals ensures top-quality craftsmanship. With 15 CAD designers creating around 400 new designs every month, the company stays ahead with fresh and innovative jewellery pieces.
- Trusted Client Partnerships: The company has built strong, long-term relationships with well-known jewellery brands like D.P. Abhushan Limited and Kalamandir Jewellers Limited, consistently delivering high-quality products and earning customer trust.
Risk factors
- Client Concentration: The company relies heavily on a few key clients for a large part of its revenue. Losing any major client could hurt the business, finances, and overall performance.
- Litigation Risks: The company is involved in ongoing legal cases, which could affect its reputation, business, and financial health if the outcomes are unfavorable.
- Operational Dependence: The company's operations depend on its manufacturing plant. Any unexpected shutdown, slowdown, or disruption at the plant could significantly impact its business and finances.
- Established Client Relationships: The company has built long-term partnerships with well-known jewellery brands like D.P. Abhushan Limited and Kalamandir Jewellers Limited , consistently delivering quality products and earning customer trust.
Promoters
Mr. Pankajkumar H. Jagawat
Mr. Shashank Bhawarlal Jagawat
Mr. Rakesh ShantiLal Jagawat
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2 nd Floor Hitech Plaza, Giriraj Indl Estate Mahakali Caves Road, Andheri (East), Mumbai City, Mumbai - 400 093
+91 98194 86232
[email protected]Company website ↗Understanding UTSSAV IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.