Last updated on August 9, 2024
Utssav CZ Gold Jewels IPO description – Incorporated in 2007, Utssav CZ Gold Jewels specializes in designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K CZ gold jewelry. The company excels in producing lightweight cubic zirconia (CZ) gold and rose gold casting jewelry. Utssav CZ Gold offers a wide collection of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. The company employs 15 skilled CAD designers who create around 400 new designs monthly to stay ahead of market trends and customer demands.
The company’s manufacturing facility spans 8,275 square feet in Andheri East, Mumbai, equipped to produce a variety of jewelry with precision and efficiency. As of July 2024, Utssav CZ Gold Jewels has an installed manufacturing capacity of 1,500 kg per annum. The company has long-standing relationships with jewelry retailers such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and many other esteemed clients. Its customers are spread across 17 states and 2 union territories in India, as well as 2 countries abroad.
Promoters of Utssav CZ Gold Jewels – Mr. Pankajkumar H. Jagawat, Mr. Shashank Bhawarlal Jagawat, and Mr. Rakesh Shantilal Jagawat
Table of Contents
Utssav CZ Gold Jewels IPO Details
| Utssav Jewels IPO Dates | 31 Jul – 2 Aug 2024 |
| Utssav CZ Gold IPO Price | INR 104 – 110 per share |
| Fresh issue | 63,18,000 shares (INR 65.71 – 69.50 crore) |
| Offer For Sale | NIL |
| Total IPO size | 63,18,000 shares (INR 65.71 – 69.50 crore) |
| Minimum bid (lot size) | 1,200 shares (INR 1,32,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE EMERGE |
Utssav CZ Gold Jewels Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 10M FY 2024 |
| Revenue | 120.23 | 123.30 | 238.19 | 275.95 |
| Expenses | 118.11 | 119.22 | 230.11 | 262.98 |
| Net income | 1.62 | 3.34 | 7.15 | 10.74 |
Utssav CZ Gold Jewels Offer News
- Utssav CZ Gold Jewels IPO Subscription Status
- Utssav CZ Gold Jewels RHP
- Utssav CZ Gold Jewels Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Utssav CZ Gold Jewels Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.96 | 1.99 | 4.26 |
| PE ratio | – | – | 24.31 – 25.82 |
| RONW (%) | 14.79 | 24.88 | 38.17 |
| NAV | 7.00 | 8.98 | 13.32 |
| ROCE (%) | 9.93 | 13.34 | 21.72 |
| EBITDA (%) | 3.01 | 5.37 | 5.83 |
| Debt/Equity | 2.57 | 2.39 | 2.22 |
Utssav CZ Gold Jewels IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 6 August 2024 | 23 | – | 21,500 |
| 5 August 2024 | 27 | – | 25,000 |
| 3 August 2024 | 38 | – | 33,000 |
| 2 August 2024 | 52 | – | 48,000 |
| 1 August 2024 | 52 | – | 48,000 |
| 31 July 2024 | 48 | – | 45,000 |
Utssav CZ Gold Jewels IPO Allotment Status
Utssav CZ Gold Jewels IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Utssav CZ Gold Jewels IPO Dates & Listing Performance
| IPO Opening Date | 31 July 2024 |
| IPO Closing Date | 2 August 2024 |
| Finalization of Basis of Allotment | 5 August 2024 |
| Initiation of refunds | 6 August 2024 |
| Transfer of shares to demat accounts | 6 August 2024 |
| IPO Listing Date | 7 August 2024 |
| Opening Price on NSE SME | INR 110.05 per share (up 0.05%) |
| Closing Price on NSE SME | INR 115.55 per share (up 5.05%) |
Utssav CZ Gold Jewels Offer Lead Manager
CHOICE CAPITAL ADVISORS PRIVATE LIMITED
Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999 / 7919
Email:Â [email protected]
Website:Â www.choiceindia.com
Utssav CZ Gold Jewels Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Utssav CZ Gold IPO Contact Details
UTSSAV CZ GOLD JEWELS LIMITED
2nd Floor, Hitech Plaza, Giriraj Indl Estate
Mahakali Caves Road, Andheri (East), Mumbai City,
Mumbai – 400 093, Maharashtra, India
Phone: +91 98194 86232
E-mail: [email protected]
Website: www.utssavjewels.com
IPO FAQs
What is the Utssav CZ Gold Jewels offer size?
Utssav CZ Gold Jewels offer size is INR 65.71 – 69.50 crores.
What is the Utssav CZ Gold Jewels offer price band?
Utssav CZ Gold Jewels public offer price is INR 104 – 110 per share.
What is the lot size of the Utssav CZ Gold Jewels IPO?
Utssav CZ Gold Jewels offer lot size is 1,200 shares.
What is Utssav CZ Gold Jewels IPO GMP today?
Utssav CZ Gold Jewels IPO GMP today is INR 23 per share.
What is the Utssav CZ Gold Jewels kostak rate today?
Utssav CZ Gold Jewels kostak rate today is INR NA per application.
What is Utssav CZ Gold Jewels Subject to the Sauda rate today?
Utssav CZ Gold Jewels is Subject to the Sauda rate today is INR 21,500 per application.
