Utssav CZ Gold Jewels SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Utssav CZ Gold Jewels IPO. Explore Utssav CZ Gold Jewels IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Utssav CZ Gold Jewels Limited is in the business of designing, manufacturing, wholesaling, and exporting 18K, 20K, and 22K CZ gold jewelry. Established in 2007 as Utsav CZ Gold Jewels Private Limited, the company specializes in lightweight cubic zirconia (CZ) gold and rose gold casting jewelry. Utssav CZ Gold Jewels offers an extensive range of products, including rings, earrings, pendants, bracelets, necklaces, watches, and brooches.
Key Points:
- Product Specialization:
- Designs, manufactures, wholesales, and exports 18K, 20K, and 22K CZ gold jewelry.
- Specializes in lightweight CZ gold and rose gold casting jewelry.
- Product Range:
- Offers rings, earrings, pendants, bracelets, necklaces, watches, and brooches.
- Known for exquisite CZ casting gold jewelry tailored to modern preferences.
- Manufacturing Capabilities:
- State-of-the-art facility in Andheri East, Mumbai, spanning 8,275 square feet.
- Installed capacity of 1,500 kg per annum.
- Produces approximately 400 new designs per month using CAD.
- Market Reach:
- Serves customers across 17 states and 2 union territories in India, and in 2 countries abroad.
- Long-standing relationships with prominent jewelry retailers like D.P. Abhushan Limited and Kalamandir Jewellers Limited.
Objects of the Issue
- Funding Working Capital requirement of the Company
- General Corporate Purpose
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 31 Jul - 02 Aug 2024 |
| IPO Price Band | ₹ 104 - ₹ 110 per share |
| Fresh Issue | 63,18,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 69.50 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 31 Jul 2024 |
| IPO Closing Date | 02 Aug 2024 |
| Basis Of Allotment | 05 Aug 2024 |
| Refunds | 06 Aug 2024 |
| Demat Transfer | 06 Aug 2024 |
| IPO Listing Date | 07 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| Total Income | 120.31 | 123.43 | 239.72 | 277.33 |
| Total Expenses | 118.11 | 119.22 | 230.11 | 262.98 |
| Net Profit/Loss | 1.62 | 3.34 | 7.15 | 10.74 |
| NPM (*) | 1.35 | 2.71 | 3.00 | 3.89 |
| Total Assets | 44.23 | 56.16 | 82.16 | 123.33 |
| Total Liabilities | 32.48 | 41.07 | 59.79 | 90.22 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Jan 2024 |
|---|---|---|---|---|
| EPS | 0.96 | 1.99 | 4.26 | 6.39 |
| ROE (%) | 14.79 | 24.88 | 38.17 | 38.71 |
| ROCE (%) | 9.93 | 13.34 | 21.72 | 20.43 |
| D/E Ratio | 2.57 | 2.39 | 2.22 | 2.33 |
| Current Ratio | 2.10 | 1.59 | 1.44 | 1.33 |
| EBITDA MARGIN (%) | 3.01 | 5.37 | 5.83 | 6.91 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Utssav Cz Gold Jewels Limited | 238.19 | 25.82 | 4.26 | 38.17 | 13.32 |
| Ashapuri Gold Ornaments Limited | 158.01 | 10.70 | 0.71 | 2.19 | 33.01 |
| Sky Gold Limited | 1,153.80 | 115.11 | 17.32 | 21.28 | 91.34 |
| Swarnsarita Jewels India Limited | 839.90 | 9.29 | 3.01 | 5.52 | 56.09 |
| Uday Jewellery Industries Ltd. | 176.73 | 32.42 | 4.31 | 15.18 | 30.58 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 36.43 |
| Non-Institutional Investor (NII/HNI) | 64.47 |
| Retail Individual Investor (RII) | 46.71 |
| Total | 47.58 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- MR. PANKAJKUMAR H. JAGAWAT
- MR. SHASHANK BHAWARLAL JAGAWAT
- MR. RAKESH SHANTILAL JAGAWAT
Lead Managers
- Choice Capital Advisors Private Limited
Company Address
Utssav CZ Gold Jewels Limited
2 nd Floor Hitech Plaza, Giriraj Indl Estate Mahakali Caves Road, Andheri (East), Mumbai City, Mumbai - 400 093, Maharashtra, India
Phone: +91 98194 86232
Email: compliance@utssavjewels.com
Website: https://utssavjewels.com/
FAQs
- What is the issue size of the Utssav CZ Gold Jewels SME IPO?The Utssav CZ Gold Jewels SME IPO has an issue size of Approx ₹ 69.50 crore. This includes a fresh issue of 63,18,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Utssav CZ Gold Jewels IPO?The price band for the Utssav CZ Gold Jewels IPO is ₹ 104 - ₹ 110 per share.
- What are the bidding dates for the Utssav CZ Gold Jewels IPO?The Utssav CZ Gold Jewels IPO will open for bidding on 31 Jul 2024 and close on 02 Aug 2024.
- What is the allotment date for the Utssav CZ Gold Jewels IPO?The allotment date for the Utssav CZ Gold Jewels IPO is 05 Aug 2024.
- What is the listing date for the Utssav CZ Gold Jewels IPO?The listing date for the Utssav CZ Gold Jewels IPO is 07 Aug 2024.
- What is the Utssav CZ Gold Jewels IPO grey market premium?The grey market premium (GMP) for the Utssav CZ Gold Jewels IPO is currently at ₹10, with an expected listing gain of approximately 9.09%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.