Business description – UH Zaveri has been incorporated as a gems & jewellery company. The company’s business operations are divided into two divisions. One division of its business operations is into wholesale and retail of jewellery and the second division is into trading of jewellery. The company mainly sells gold jewellery and marginal percentage of its revenue is earned through silver jewellery and other kind of jewellery and utensils. The company does not manufacture its own jewellery and hence, the making of its jewellery is outsourced. However, the jewellery sold by it is either designed in house or through 3-D jewellery designer or by third party designers.
Promoters of UH Zaveri – Mr Hitesh M Shah, Mr Mahendrakumar H Shah and Mrs Sunitaben H Shah
| UH Zaveri IPO details | |
| Subscription Dates | 8 – 14 May 2018 |
| IPO Price band | INR36 per share |
| Fresh issue | 2,220,000 shares (INR7.99 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,220,000 shares (INR7.99 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Working Capital Requirements – INR7.74 crore
- Issue Expenses – INR0.25 crore
| UH Zaveri’s financial performance (in INR lakh) | ||||||
| 10M FY2018 | ||||||
| Total revenue | 1,389.3 | |||||
| Total expenses | 1,288.7 | |||||
| Profit after tax | 74.7 | |||||
UH Zaveri’s Contact Details
UH Zaveri Limited
GF/2, Manish Complex, Indrajit Tenaments
Opp. Diamond Mill, Nikol Road
Ahmedabad – 382 350
Phone: +91 79 2270 3991
Email: [email protected]
Website: www.uhzaveri.com
UH Zaveri IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.56 |
| Day 2 | 1.29 |
| Day 3 | 1.35 |
| Day 4 | 1.69 |
| Day 5 | Â 2.68 |
UH Zaveri Valuation (for 10M FY2018)
Earnings Per Share (EPS): INR1.92
Price/Earnings (P/E) ratio: 18.75
Return on Net Worth (RONW): 3.33%
Net Asset Value (NAV): INR14.9 per share
Registrar of UH Zaveri IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
UH Zaveri IPO Allotment Status
UH Zaveri IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing performance of UH Zaveri
IPO Opening Date: 8 May 2018
IPO Closing Date: 14 May 2018
Listing Date: 22 May 2018
Listing Price on BSE SME: INR27 per share (down 25% from IPO price)
Closing Price on BSE SME: INR25.65 per share (down 28.75% from IPO price)
