Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ Gold Jewellery.
The company makes and sells a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches.
The company’s manufacturing facility in Andheri East, Mumbai, covers 8,275 square feet and produces a variety of jewellery with a capacity of 1,500 kg per annum.
The company’s customers are in 17 states and 2 union territories in India, as well as 2 countries abroad.
The company offers a wide range of lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold categories, popular for daily and fashion wear. These include traditional and contemporary designs at various price points to match consumer preferences. In the 2023 financial year, the 18K and 22K gold jewelry categories accounted for 73.27% and 24.94% of total sales, and in the ten months ending January 31, 2024, they were 74.22% and 24.67% respectively.
The company, with 15 CAD designers, develops about 400 designs monthly to stay ahead of market trends and meet customer demands. As of March 31, 2024, the company has 69 permanent employees on its payroll.
Utssav Cz Gold Jewels IPO – Details
| IPO Opening Date | 31 July 2024 |
| IPO Closing Date | 02 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 63,18,000 Shares Worth ₹69.50 Crore Fresh Issue: 63,18,000 Shares Worth ₹69.50 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹104 – ₹110 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
Utssav Cz Gold Jewels IPO – Date Schedule
| IPO Open Date | 31 July 2024 |
| IPO Close Date | 02 August 2024 |
| Basis of Allotment | 05 August 2024 |
| Initiation of Refund | 06 August 2024 |
| Credit of Shares to Demat Account | 06 August 2024 |
| IPO Listing Date | 07 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 02, 2024 |
Utssav Cz Gold Jewels IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,32,000 |
| Retail (Max) | 1 | 1200 | ₹1,32,000 |
| HNI (Min) | 2 | 2400 | ₹2,64,000 |
Competitive Strengths
- 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 there 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 the 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.
Company Promoters
- Mr. Pankajkumar H. Jagawat
- Mr. Shashank Bhawarlal Jagawat
- MR.Rakesh ShantiLal Jagawat
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 120.30 | 118.10 | 1.61 | 30.16 |
| 31 March 2022 | 123.42 | 119.21 | 3.33 | 36.01 |
| 31 March 2023 | 239.71 | 230.10 | 7.14 | 49.66 |
| 31 January 2024 | 277.33 | 262.98 | 10.73 | 77.03 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 38.71% |
| ROCE | 20.43% |
| Debt/Equity | 2.33 |
| RoNW | 38.71% |
| P/BV | 5.58 |
| PAT Margin (%) | 3.89 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.09 | 5.41 |
| P/E (x) | 26.92 | 20.33 |
Object Of The Issue
- Funding Working Capital requirement of the company.
- General Corporate Purpose.
Utssav Cz Gold Jewels IPO Promoter Holding
| Pre Issue Share Holding | 95.98% |
| Post Issue Share Holding | – |
Utssav Cz Gold Jewels IPO Prospectus
Company Contact Information
| 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 Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Utssav Cz Gold Jewels IPO Lead Manager(s)
| 1. Choice Capital Advisors Pvt Ltd |
Utssav Cz Gold Jewels IPO FAQs
| What is Utssav Cz Gold Jewels IPO? Utssav Cz Gold Jewels IPO is a SME IPO. The issue is priced at ₹104 and ₹110 per equity share. The IPO is to be listed on NSE SME. |
| When Utssav Cz Gold Jewels IPO will open? The IPO is to open on 31 July 2024 for QIB, NII, and Retail Investors. |
| What is Utssav Cz Gold Jewels IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Utssav Cz Gold Jewels IPO? You can apply Utssav Cz Gold Jewels IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Utssav Cz Gold Jewels IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Utssav Cz Gold Jewels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Utssav Cz Gold Jewels IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Utssav Cz Gold Jewels IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Utssav Cz Gold Jewels IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Utssav Cz Gold Jewels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Utssav Cz Gold Jewels IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Utssav Cz Gold Jewels IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Utssav Cz Gold Jewels IPO Size? Utssav Cz Gold Jewels IPO size is ₹69.50 Crore. |
| What is Utssav Cz Gold Jewels IPO Price Band? Utssav Cz Gold Jewels IPO Price Band is ₹104 – ₹110. |
| What is Utssav Cz Gold Jewels IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1200 Shares with ₹1,32,000 amount while the maximum bid is 1200 Shares with ₹1,32,000. |
| What is the Utssav Cz Gold Jewels IPO Allotment Date? Utssav Cz Gold Jewels IPO allotment date is 05 August 2024. |
| What is the Utssav Cz Gold Jewels IPO Listing Date? Utssav Cz Gold Jewels IPO listing date is 07 August 2024. The IPO is to be listed on NSE SME. |
