Utssav Cz Gold Jewels - AstroIPO

Utssav Cz Gold Jewels IPO


July 28, 2024 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

Utssav CZ Gold Jewels Ltd., a diamond and jewellery company, is set to debut on the NSE with its IPO running from July 31 to August 2, 2024. The company aims to raise between ₹46.99-49.70 crore through a book-building issue, with shares priced at ₹104-110 each.

This IPO offers a chance to tap into India’s growing luxury goods market. Utssav CZ Gold Jewels specializes in crafting high-end jewellery, potentially positioning it well in a sector that often sees steady demand.

For retail buyers, the minimum application is 1,200 shares, while the maximum subscription is capped at ₹5,00,000. With 45.18 lakh shares on offer, this is a focused IPO that might appeal to those looking for exposure to the jewellery industry.

Utssav Cz Gold Jewels IPO Details

IPO Size 69.50
Price Range ₹104 - ₹110
Retail Quota 35%
QIB Quota 50%
NII Quota 15%
Employee Discount --
Listing at NSE
Minimum Quantity 1200
Investment (cut-off price) ₹132,000
Pre IPO Promotor Holding 95.98%
Post IPO Promotor Holding --
DHRP Draft Click Here
RHP Draft Click Here
Anchor Investors List Click Here

Utssav Cz Gold Jewels IPO Timelines

31/07/2024
Start Date
02/08/2024
End Date
05/08/2024
Allotment Date View Status
06/08/2024
Refund Initiation
06/08/2024
Credit of Shares to Demat Ac
07/08/2024
Listing Date

Utssav Cz Gold Jewels IPO Lot Size

Application Lot Size Shares Amount
Retail Minimum 1 1200 ₹132,000
Retail Maximum 1 1200 ₹132,000
S-HNI Minimum 2 2400 ₹264,000

Utssav Cz Gold Jewels IPO Subscription Status

QIB NII Retail EMP Total
36.43 x 64.47 46.71 x -- 47.58 x

IPO Performance on Listing Day

Opening Price Closing Price Day High Day Low
₹110.05 ₹115.55 ₹115.55 ₹110.05

Utssav Cz Gold Jewels IPO Company Financials

Year Total Income Total Expense PAT
FY 2021 ₹120.31 ₹118.11 ₹1.62
FY 2022 ₹123.43 ₹119.22 ₹3.34
FY 2023 ₹239.72 ₹230.11 ₹7.15
FY 2024 (9M) ₹277.33 ₹262.98 ₹10.74

About Company

Incorporation Date Sector Managing Director
2007 Diamond, Gems and Jewellery Pankajkumar Hastimal

Know Before Investing

Utssav Cz Gold Jewels IPO Strengths

Utssav Cz Gold Jewels IPO Risks

Swot Analysis for Utssav Cz Gold Jewels IPO

Strengths

Weaknesses

Opportunities

Threats

Company Details

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: [email protected]

Website: https://utssavjewels.com/

IPO Registar Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: [email protected]

Website: https://ipo.bigshareonline.com/ipo_status.html

FAQs

The key objectives of Utssav Cz Gold Jewels IPO are:

 

Choice Capital Advisors Pvt Ltd is the book-running lead managers for the Utssav Cz Gold Jewels IPO.

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