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SME IPO Status: Listed [31st Jul 2024 to 2nd Aug 2024]
Utssav Cz Gold Jewels IPO, a SME IPO of ₹69.50 Cr was launced on 31-07-2024 to 02-08-2024 and the shares got listed on NSE SME on 07-08-2024.
The public issue of Utssav Cz Gold Jewels IPO (UTSSAV) was offered at ₹110.00 per share and the ipo was listed at ₹110.05. It has delivered listing gain of 0.05%.
As the minimum lot size was 1200 shares, the IPO has offered Rs 60.00 per lot return on listing.
| SME IPO Issue Opening Date: | 31st Jul 2024 |
| SME IPO Issue Closing Date: | 2nd Aug 2024 |
| SME IPO Issue Price: | ₹104.00-110.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹69.50 Cr |
| Fresh Issue: | ₹69.50 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.98% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | UTSSAV |
Get important updates regarding Utssav Cz Gold Jewels SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 5th Aug 2024 |
| Refunds Initiation* | 6th Aug 2024 |
| Credit of Shares to Demat* | 6th Aug 2024 |
| SME IPO Listing Date* | 7th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹104.00-110.00 |
| Market Lot: | 1200 Shares |
| 1 Lot Amount: | ₹132000 |
| Min HNI Lots: | 2400 shares (2 lots)- ₹264000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 07-08-2024 | 110.00 | 10 | 9100 | ₹120 (9.09%) | 7-Aug-2024 10:32 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Utsav CZ Gold Jewels Limited was established in November 2007 and is engaged in the design, manufacture, wholesale and export of 18Karat, 20Karat and 22Karat CZ gold jewellery. The company specialises in manufacturing cubic zirconia (CZ) jewellery in gold and rose gold. The company offers a wide range of products such as rings, earrings, pendants, bracelets, necklaces, watches and brooches etc. The company was founded in 2007 under Utsav CZ Gold Jewels Private Limited. In 2008, the company was converted into a public limited company with the name Utsav CZ Gold Jewels Limited.
The company's strength lies in the production of exquisite CZ gold jewellery and designer pieces tailored to the preferences of today's youth. The rings, earrings, pendants, bracelets and necklaces that the target audience will receive the company designs, whether they are worn in everyday life or on special occasions. Cubic zirconia (CZ) is a synthetic gemstone known for its similarity to diamonds. It is made from zirconium dioxide, is known for its clarity and can be produced in different shapes and sizes, e.g. round, emerald and pear cut.
These stones are popularly known as "American diamonds". While they are much less expensive than diamonds, their longevity and sparkling appearance make them a popular choice for jewellery. The company specialises in gold jewellery with CZ stones, which combines the elegance of gold with the dazzling beauty of cubic zirconia.
Spread over an area of 8,275 square metres in Andheri East, Mumbai, the manufacturing facility is equipped to produce a variety of jewellery with precision and efficiency. So far, the company has an installed production capacity of 1,500 kg per year.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Gems, Jewellery And Watches | ₹69.50 Cr | https://utssavjewels.com/ |
The net proceeds are proposed to be utilised for the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,200,000 (28.57%) | 900,000 (21.43%) | 2,100,000 (50%) | 4,200,000 | |
| 1 | 31st Jul 2024 19:31 | 0.00x | 1.16x | 3.16x | 1.83x |
| 2 | 1st Aug 2024 19:31 | 0.00x | 9.07x | 12.97x | 8.43x |
| 3 | 2nd Aug 2024 18:21 | 36.43x | 64.47x | 46.71x | 47.58x |
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,333.33 | 8,215.83 | 5,616.49 | 4,423.40 |
| Revenue | 27,733.20 | 23,971.52 | 12,342.53 | 12,030.66 |
| Profit After Tax | 1,073.76 | 714.96 | 333.95 | 161.87 |
| Net Worth | 3,311.00 | 2,237.24 | 1,509.33 | 1,175.38 |
| Reserves and Surplus | 2,891.00 | 1,817.24 | 1,089.33 | 755.38 |
| Total Borrowing | 7,703.16 | 4,966.02 | 3,601.97 | 3,016.08 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Utssav Cz Gold Jewels Limited | 4.26 | 4.26 | 13.32 | 26.92 | 38.17 | |
| Ashapuri Gold Ornament Ltd | 0.71 | 0.71 | 33.01 | 10.7 | 2.19 | Consolidated |
| Sky Gold Ltd | 17.32 | 17.32 | 91.34 | 115.11 | 21.28 | Consolidated |
| Swarnsarita Jewels India Limited | 3.01 | 3.01 | 56.09 | 9.29 | 5.52 | Consolidated |
| Uday Jewellery Industries Ltd | 4.31 | 4.31 | 30.58 | 32.42 | 15.18 | Consolidated |
Last Updated on 12-Aug-2024 16:07:57
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Utssav Cz Gold Jewels SME IPO Review and Important Updates
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To subscribe or apply in Utssav Cz Gold Jewels SME IPO, you can use the following methods:
| Utssav Cz Gold Jewels SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Utssav Cz Gold Jewels SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Utssav Cz Gold Jewels SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Utssav Cz Gold Jewels SME IPO. Most of the Syndicate Banks provide access to apply in Utssav Cz Gold Jewels IPO via ASBA process. You must have your net banking access, DP ID information to apply in Utssav Cz Gold Jewels SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Utssav Cz Gold Jewels SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Utssav Cz Gold Jewels SME IPO Review and Important Updates
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Utssav Cz Gold Jewels SME IPO is going to be list on 07-08-2024. NSE Code for Utssav Cz Gold Jewels is UTSSAV.
Other relevant questions:
When Utssav Cz Gold Jewels SME IPO will be listing? Utssav Cz Gold Jewels SME IPO NSE listing date?Utssav Cz Gold Jewels SME IPO date of listing
Utssav Cz Gold Jewels SME IPO Allotment Date is 05-08-2024.
Other relevant questions:
Utssav Cz Gold Jewels SME IPO share allotment date?Utssav Cz Gold Jewels SME IPO allotment date?
