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Utssav CZ Gold Jewels IPO IPO

SME31 Jul to 2 Aug, 202431 Jul to 2 Aug, 2024
Open
31 Jul to 2 Aug, 2024
Close
31 Jul to 2 Aug, 2024
3
Allotment
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

07-08-202410Est. ₹120+9.09%
06-08-202415Est. ₹125+13.64%
05-08-202415Est. ₹125+13.64%

Live Subscription

CategorySubscription (times)
Total33.50x

Restated Financials (₹ Cr.)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets123.3382.1656.1644.23
Total Income277.33239.72123.43120.31
Profit After Tax10.747.153.341.62
NET Worth33.1122.3715.0911.75
Reserves and Surplus28.9118.1710.897.55
Total Borrowing77.0349.6636.0230.16
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Varyaa Creations Ltd.SME₹20.10 Cr₹15065.56₹270.75+80.50%₹31.00 (+6.90%)
Koura Fine Diamond Jewelry Ltd.SME₹5.50 Cr₹55106.7₹78.63+42.96%₹35.00 (+0.29%)
Shoora Designs Ltd.SME₹2.03 Cr₹4835.82₹95.76+99.50%₹87.02 (-1.99%)
RBZ Jewellers Ltd.Mainboard₹100.00 Cr₹10013.77₹105.00+5.00%₹150.74 (+0.94%)
Motisons Jewellers Ltd.Mainboard₹151.09 Cr₹5517.59₹103.55+88.27%₹13.99 (-0.50%)
Manoj Vaibhav Gems 'N' Jewellers Ltd.Mainboard₹270.20 Cr₹21511.74₹215.50+0.23%₹155.65 (-3.14%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding Working Capital requirement of our Company60.50
2General Corporate Purpose0.24

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