RO Jewels IPO Details

RO Jewels IPO 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. 

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)

  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

Registrar of RO Jewels IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551 
Email: [email protected]

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


Subscription (no. of times)

Day 1


Day 2


Day 3


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]

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)


Please enter your comment!
Please enter your name here

Brokerage-free IPO Investing