Utssav CZ Gold Jewels Ltd IPO

Utssav CZ Gold Jewels Ltd IPO

Diamond, Gems and Jewellery

sme

Bidding period

31 Jul 2024 - 02 Aug 2024

Bid price

₹110.00 - ₹110.00

Listing on

NSE-SME

Listing date

07 Aug 2024

Lot size

1200 shares

Issue size

₹69.50 crore


Minimum investment

₹1,32,000.00 / 1 lot

Maximum investment

₹1,32,000.00 / 1 lot

Bidding closed on 02 Aug 2024

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Utssav CZ Gold Jewels Ltd IPO dates

IPO opening date

31 Jul 2024

IPO end date

02 Aug 2024

Allotment date

05 Aug 2024

Initiation of refunds

06 Aug 2024

Credit of shares to demat

06 Aug 2024

IPO listing date

07 Aug 2024

Utssav CZ Gold Jewels Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹121.24
Total liabilities ₹121.24
Total expenditure ₹324.68
Total revenue ₹341.85
Profit after tax ₹12.85
EBITDA ₹22.90
Adjusted EBITDA ₹0.00

Utssav CZ Gold Jewels Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 81.55 0.0
Public group 18.45 0.0

Utssav CZ Gold Jewels Ltd strengths and risks

Information currently unavailable

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

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

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

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

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

How to check the allotment status of the Utssav CZ Gold Jewels Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Utssav CZ Gold Jewels Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Utssav CZ Gold Jewels Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

Read more Read less

Utssav CZ Gold Jewels Ltd IPO registrar

Bigshare Services Pvt Ltd

Phone number +91 22 6263 8200
E-mail ID ipo@bigshareonline.com
Website www.bigshareonline.com

Utssav CZ Gold Jewels Ltd IPO reservation

QIB shares offered

12,00,000 (18.99%)

NII (HNI) shares offered

9,00,000 (14.25%)

Retail shares offered

21,00,000 (33.24%)

Anchor investor shares offered

18,00,000 (28.49%)

Total shares offered

63,18,000

Total shares with anchor investor

63,18,000

Utssav CZ Gold Jewels Ltd IPO lead manager

  • Choice Capital Advisors Pvt Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Utssav CZ Gold Jewels Ltd IPO?

The listing date for the Utssav CZ Gold Jewels Ltd IPO is 07 Aug 2024.

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

The issue size of the Utssav CZ Gold Jewels Ltd IPO is ₹69.50 cr.

What is the minimum lot size needed for Utssav CZ Gold Jewels Ltd IPO?

The minimum lot size for Utssav CZ Gold Jewels Ltd IPO is 1200

When does the Utssav CZ Gold Jewels Ltd open and close?

Utssav CZ Gold Jewels Ltd IPO is open from 31 Jul 2024 to 02 Aug 2024.

How can I apply for the Utssav CZ Gold Jewels Ltd IPO?

To apply for the Utssav CZ Gold Jewels Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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