RO Jewels IPO Details
RO Jewels IPO description – Ahmedabad-based RO Jewels is engaged in the wholesale business of gold and Silver chains. The company essentially sells gold based chains, bracelets, gold/silver bars and necklaces. It procures gold & silver through the bullion market and partially from the local markets in Ahmedabad. It purchases only readymade Chains and other jewelries from the jewellery manufacturers or independent jewellery wholesalers located in Ahmedabad and Mumbai. These are then sold through its showroom situated at Manek Chowk, Ahmedabad and by its marketing and sales team directly to other jewellery stores. The jewellery is widely sold throughout Gujarat only through B2B marketing and/ or Direct/Outbound marketing strategy.
The company has a diversified portfolio for chains and jewelries that cater to its customers’ taste, preference, choice and the ever changing trends in the chain and jewellery designs. Its portfolio offers customers a wide variety of traditional, Indo-western, & modern chain and jewellery.Â
Promoters of RO Jewels – Mr Bharat Rasiklal Shah, Mrs Pravinaben Shah And Mr Shubham Bharatbhai Shah
| RO Jewels IPO details | |
| Subscription Dates | 12 – 17 March 2020 |
| Price Band | INR36 per share |
| Fresh issue | 1,365,000 shares (INR4.91 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,365,000 shares (INR4.91 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
|
RO Jewels’ financial performance (in INR lakh) |
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| Â | FY2017 | FY2018 | FY2019 | H1 FY2020 |
| Revenue | 574.4 | 975.7 | 424.3 | 1,047.2 |
| Expenses | 568.4 | 968.6 | 422.8 | 1,025.7 |
| Net income | 5.9 | 6.9 | 1.5 | 15.1 |
| Â | Â | Â | Â | Â |
Registrar of RO Jewels IPO
KFin Technologies Private Limited
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: [email protected]
Website:Â www.kfintech.com
Valuation of RO Jewels IPO (FY2019)
Earnings Per Share (EPS): INR2.51
Price/Earnings (PE ratio): 14.34 Return on Net Worth (RONW): 1.38% Net Asset Value (NAV): INR35.21 per share
RO Jewels IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
0.00 |
| Day 2 |
0.09 |
| Day 3 |
0.39 |
| Day 4 | 1.13 |
RO Jewels Contact Details
RO Jewels Limited
202, Shri Virkala Complex,
M.G. Haveli R, Manekchowk Co. Op Bank, Manekchowk, Ahmedabad, Gujarat, India, 380001
Phone: 91 79 22144429
Email: [email protected]
Website: www.rojewels.in
RO Jewels IPO Allotment Status
RO Jewels IPO allotment status is now available on KFin Technologies’ website. Click on this link to get allotment status.
Listing Performance of RO Jewels
IPO Opening Date: 12 March 2020
IPO Closing Date: 17 March 2020
Finalisation of Basis of Allotment: 20 March 2020
Initiation of refunds: 23 March 2020
Transfer of shares to demat accounts: 24 March 2020
Listing Date: 25 March 2020
Opening Price on BSE SME: INR36 per share (no change from IPO price)
Closing Price on BSE SME: INR36 per share (no change from IPO price)
