Utssav CZ Gold Jewels IPO Subscription – Live Status

Utssav CZ Gold Jewels IPO subscription started on 31 July 2024 and will close on 2 August 2024. Utssav CZ Gold Jewels plan to raise around INR 65.71 – 69.50 crores via the IPO. The price band is fixed at INR 104 – 110 per share. The Utssav CZ Gold Jewels IPO market lot has 1,200 shares and the minimum application amount is INR 1,32,000. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Utssav CZ Gold Jewels IPO subscription status here. The subscription figures are taken from NSE EMERGE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Utssav CZ Gold Jewels IPO subscription status segregated by days and investor categories.

Utssav CZ Gold Jewels IPO Subscription Status – Live Updates

Category	QIB	NII	Retail	Total
Shares Offered	12,00,000	9,00,000	21,00,000	42,00,000
2 Aug 2024	36.43	64.81	46.68	47.64
1 Aug 2024	0.00	9.39	12.77	8.40
31 Jul 2024	0.00	1.14	3.06	1.78

The market maker reservation portion of 3,18,000 equity shares and anchor portion of 18,00,000 shares are not included in the above calculations.

Established in 2007, Utssav CZ Gold Jewels specializes in designing, manufacturing, and exporting lightweight jewelry made from 18K, 20K, and 22K cubic zirconia (CZ) gold and rose gold. The company’s product range includes rings, earrings, pendants, and necklaces, catering primarily to the youth market with a focus on elegant yet affordable designs. The company employs 15 skilled CAD designers who create around 400 new designs monthly to stay ahead of market trends and customer demands.

The manufacturing facility, located in Mumbai, spans 8,275 square feet and has an annual production capacity of 1,500 kg of jewelry. Utssav CZ Gold Jewels are trusted by various retailers, including D.P. Abhushan and Kalamandir, and serves clients across 17 states, two union territories, and internationally.

Investor Categories in Utssav CZ Gold Jewels IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Utssav CZ Gold Jewels IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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