Utssav Cz Gold Jewels Limited (NSE SME)

Jul 31, 2024 - Aug 2, 2024

Price ₹104 - ₹110
Premium ₹10
Lot size 1200
Allotment Aug 5, 2024
Listing Aug 7, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1200 132000 1750
HNI 2 2400 264000 750

Last updated on 02-Aug-2024 18:07:02

CategoryOfferedAppliedTimes
QIB12000004371840036.43
NIB9000005834040064.82
RETAIL21000009809040046.71
Total420000020014920047.65
Retail Apps81742© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹9.57
@8%
₹10.94
@9%
₹12.31
@10%
₹13.67
@11%
₹15.04
@12%
₹16.41
About

Utssav Cz Gold Jewels IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.24%2100000
NII (HNI)14.25%900000
Anchor28.49%1800000
QIB18.99%1200000
Market Maker5.03%318000
Total 100.00%6318000
Utssav Cz Gold Jewels IPO Details
Issue Size6,318,000 shares
(aggregating up to ₹69.50 Cr)
Fresh Issue6,318,000 shares
(aggregating up to ₹69.50 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,500,000
Share holding post issue23,818,000
Market Maker portion318,000 shares
Choice Equity Broking

Key Performance Indicator

KPIJan-24Mar-23Mar-22
ROE38.71%38.17%24.88%
ROCE20.43%21.72%13.34%
RONW38.71%38.17%24.88%
D/E2.332.222.39
EPS
(basic)
6.394.261.99
P/E
Pre IPO
26.92
P/E
Post IPO
20.33

Company Financials

Utssav Cz Gold Jewels Limited Financial Information (Restated)

PeriodJan 2024Mar 2023Mar 2022Mar 2021
Assets12,333.338,215.835,616.494,423.40
Revenue27,733.2023,971.5212,342.5312,030.66
Profit1,073.76714.96333.95161.87
Net Worth3,311.002,237.241,509.331,175.38
Reserves2,891.001,817.241,089.33755.38
Borrowing7,703.164,966.023,601.973,016.08
Amount in ₹ Lakhs
 

About Company

Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ gold jewellery, offering an extensive range of products including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. With a manufacturing facility spanning 8,275 square feet in Andheri East, Mumbai, the company boasts an impressive production capacity of 1,500 kg per annum. Catering to customers in 17 states and 2 union territories in India, as well as in 2 countries abroad, Utssav Cz Gold Jewels Limited specializes in lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold, popular for daily and fashion wear, featuring both traditional and contemporary designs at various price points. In the 2023 financial year, the 18K and 22K gold jewellery categories accounted for 73.27% and 24.94% of total sales, and in the ten months ending January 31, 2024, these categories represented 74.22% and 24.67% of sales, respectively. The company's team of 15 CAD designers develops about 400 new designs monthly to maintain a competitive edge in the market.

Lead Manager(s)
Choice Capital Advisors Pvt Ltd
Shree Shakambhari Corporate Park, 156-158,
Chakravarty Ashok Society, J B Nagar,
Andheri (East),

Website:  http://www.choiceindia.com
Email:  kdml@choiceindia.com
Phone: +91-22- 6707 9999
 
Strength

Diverse Product Range: The company offers a wide range of lightweight jewellery across 18K, 20K, and 22K CZ gold and rose gold categories, catering to daily and fashion wear segments with both traditional and contemporary designs.

Skilled Workforce: With a diverse team of skilled artisans and professionals, the company ensures high-quality craftsmanship and innovative designs, supported by 15 CAD designers who develop around 400 new designs monthly.

Established Client Relationships: The company has long-standing relationships with established brands in the domestic jewellery market, such as D.P. Abhushan Limited and Kalamandir Jewellers Limited, consistently delivering quality products and earning customer trust and loyalty.

Weakness

Client Concentration: A significant portion of revenues is concentrated among a limited number of clients, and the loss of any major client could adversely affect the company's business, financial condition, and operational results.

Litigation Risks: Ongoing litigation poses a risk, as an adverse outcome could negatively impact the company's business, reputation, and financial performance.

Operational Dependence: The unexpected loss, shutdown, or slowdown of operations at the manufacturing plant could have a substantial adverse effect on the company's operational results and financial health.

Registrar
Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html