
✓
Open
31 Jul to 2 Aug, 2024
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Close
31 Jul to 2 Aug, 2024
3
Allotment
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Listing
Wed, Aug 7, 2024
Price Band
₹104 to ₹110
Issue Size
63,18,000 shares (agg. up to ₹69 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Aug 7, 2024
Latest GMP
₹10
Est. Gain
9.09%
✦ AI Insight
GMP Trend
07-08-2024₹10Est. ₹120+9.09%
06-08-2024₹15Est. ₹125+13.64%
05-08-2024₹15Est. ₹125+13.64%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 33.50x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Jan 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 123.33 | 82.16 | 56.16 | 44.23 |
| Total Income | 277.33 | 239.72 | 123.43 | 120.31 |
| Profit After Tax | 10.74 | 7.15 | 3.34 | 1.62 |
| NET Worth | 33.11 | 22.37 | 15.09 | 11.75 |
| Reserves and Surplus | 28.91 | 18.17 | 10.89 | 7.55 |
| Total Borrowing | 77.03 | 49.66 | 36.02 | 30.16 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Varyaa Creations Ltd. | SME | ₹20.10 Cr | ₹150 | 65.56 | ₹270.75 | +80.50% | ₹31.00 (+6.90%) |
| Koura Fine Diamond Jewelry Ltd. | SME | ₹5.50 Cr | ₹55 | 106.7 | ₹78.63 | +42.96% | ₹35.00 (+0.29%) |
| Shoora Designs Ltd. | SME | ₹2.03 Cr | ₹48 | 35.82 | ₹95.76 | +99.50% | ₹87.02 (-1.99%) |
| RBZ Jewellers Ltd. | Mainboard | ₹100.00 Cr | ₹100 | 13.77 | ₹105.00 | +5.00% | ₹150.74 (+0.94%) |
| Motisons Jewellers Ltd. | Mainboard | ₹151.09 Cr | ₹55 | 17.59 | ₹103.55 | +88.27% | ₹13.99 (-0.50%) |
| Manoj Vaibhav Gems 'N' Jewellers Ltd. | Mainboard | ₹270.20 Cr | ₹215 | 11.74 | ₹215.50 | +0.23% | ₹155.65 (-3.14%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Working Capital requirement of our Company | 60.50 |
| 2 | General Corporate Purpose | 0.24 |
About Utssav CZ Gold Jewels IPO
Incorporated in November 2007, Utssav Cz Gold Jewels Limited designs, manufactures, wholesales, and exports 18Karat, 20Karat, and 22Karat CZ Gold jewellery. The company makes and sells a wide range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches. The company's manufacturing facility in Andheri East, Mumbai, covers 8,275 square feet and produces a variety of jewellery with a capacity of 1,500 kg per annum. The company's customers are in 17 states and 2 union territories in India, as well as 2 countries abroad. The company offers a wide range of lightweight jewellery in 18K, 20K, and 22K CZ gold and rose gold categories, popular for daily and fashion wear. These include traditional and contemporary designs at various price points to match consumer preferences. In the 2023 financial year, the 18K and 22K gold jewelry categories accounted for 73.27% and 24.94% of total sales, and in the ten months ending January 31, 2024, they were 74.22% and 24.67% respectively. The company, with 15 CAD designers, develops about 400 designs monthly to stay ahead of market trends and meet customer demands. As of March 31, 2024, the company has 69 permanent
Contact Details
Utssav CZ Gold Jewels Ltd. Address2 nd Floor Hitech PlazaGiriraj Indl Estate Mahakali Caves RoadAndheri (East)Mumbai, Maharashtra, 400093+91 98194 86232compliance@utssavjewels.comVisit Website