Utssav Cz Gold Jewels IPO: Important Details to Know

• Utssav Cz Gold Jewels IPO is a book-built issue of Rs 69.50 crores.
• This upcoming IPO bidding opens on July 31 and closes on August 2, 2024.
• Utssav Cz Gold Jewels SME IPO price is set at Rs 104 - Rs 110 per share.
• The minimum investment required Rs 1,32,000.

Utssav Cz Gold Jewels IPO: Synopsis 

Utssav Cz Gold Jewels IPO is open for subscription starting Wednesday, July 31, 2024, and closing on Friday, August 2, 2024. This upcoming IPO's price is Rs 104 to Rs 110 per share. The minimum lot size set for the retail category is 1200 shares. 

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,32,000 (110 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,64,000 (110 x 2400 shares). 

Utssav Cz Gold Jewels IPO is a book-built issue of Rs 69.50 crores. This upcoming IPO is an entirely fresh issue of 63.18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, August 5, 2024.

Utssav Cz Gold Jewels IPO will be listed on NSE SME on Wednesday, August 7, 2024. Choice Capital Advisors Private Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Choice Equity Broking is the market maker for this IPO.

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Utssav Cz Gold Jewels IPO: About the Company

Utssav Cz Gold Jewels Limited was incorporated in 2007, it designs, manufactures, wholesales, and exports 18 Karat, 20 Karat, and 22 Karat CZ Gold jewellery. Utssav makes and sells a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. 

The company offers a variety 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. 

Utssav Cz Gold Jewels, with 15 CAD designers, develops about 400 designs monthly to stay ahead of market trends and meet customer demands.

Utssav Cz Gold Jewels IPO: Objectives 

The amount raised from this IPO will be allocated to meeting the company's day-to-day capital requirements. The leftover amount will be used for general corporate purposes. 

Utssav Cz Gold Jewels IPO: Other Important Details

Time-Table of Utssav Cz Gold Jewels IPO

Utssav Cz Gold Jewels IPO: Financial Metrics (Amt in Rs Lakhs)

Utssav Cz Gold Jewels posted revenue of Rs 27,733.20 lakhs and net profit of Rs 1,073.76 lakhs for the period ending on 31 Jan 2024. Earlier, in the period ending on 31 March 2023, they reported a revenue of Rs 23,971.52 lakhs and net profit of Rs 714.96 lakhs. 

Minimum Investment: Lot Size Details

Promoters of Utssav Cz Gold Jewels Limited and Their Holdings

The promoter of Utssav Cz Gold Jewels is Mr. Pankajkumar H. Jagawat. Mr. Shashank Bhawarlal Jagawat and MR.Rakesh ShantiLal Jagawat. The promoters' shareholdings before the IPO were 95.98%,  however, after the IPO, after IPO, shareholding details are not available.

Utssav Cz Gold Jewels: Strength of Company

1.     Utssav Cz Gold Jewels designs, manufactures, wholesales, and exports 18 Karat, 20 Karat, and 22 Karat CZ Gold jewellery.

2.     Compared to the previous quarters, the company's revenue and profit showed a massive rise.

3.     Utssav Cz Gold Jewels's profit after tax margin is at 3.89%.

FAQs

1. What are the details of the Utssav Cz Gold Jewels IPO?

Utssav Cz Gold Jewels IPO is a book-built issue of Rs 69.50 crores. This upcoming IPO is an entirely fresh issue of 63.18 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, August 5, 2024.

2. Who are the lead managers for the Utssav Cz Gold Jewels IPO?

Choice Capital Advisors Private Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Bigshare Services in this IPO?

Bigshare Services Private Limited is the registrar for Utssav Cz Gold Jewels Limited, handling the IPO's administrative aspects.

4. How can I apply for the Utssav Cz Gold Jewels IPO?

The public subscription of this new IPO will open on July 31, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The amount raised from this IPO will be allocated to meeting the company's day-to-day capital requirements. The leftover amount will be used for general corporate purposes. 

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Utssav Cz Gold Jewels Limited IPO by visiting here. For further updates follow Bigul. 

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