Utssav CZ Gold Jewels Ltd IPO
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Utssav CZ Gold Jewels Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 63.18 L | TBA | ₹ 21 L | ₹ 142.71 L | NSE | ₹ 69.5 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
31 Jul, 24 | 02 Aug, 24 | 1200 | ₹ 1,24,800 | Book Building - SME | 07 Aug, 24 |
Utssav CZ Gold Jewels Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Diamond Cutting |
Sub Sector | Jewellery |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 14.57x | 3000000 | 43718400 |
NII | 64.82x | 900000 | 58340400 |
Retail | 46.71x | 2100000 | 98090400 |
Employee | 0x | 0 | 0 |
Total | 31.68x | 6318000 | 200149200 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Utssav CZ Gold Jewels Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 17.76 | 10.16 | 4.64 |
EBITDA | 18.35 | 10.71 | 5.07 |
PAT | 12.85 | 7.15 | 3.34 |
Total Assets | 108.97 | 71.81 | 45.47 |
Share Capital | 16.80 | 4.20 | 4.20 |
Total Borrowings | 76.55 | 64.38 | 37.31 |
Operating Activities (Net Cash) | 13.44 | 7.70 | 3.77 |
Investing Activities (Net Cash) | 0.10 | 0.10 | 0.10 |
Financing Activities (Net Cash) | 76.55 | 64.38 | 37.31 |
Net Cashflow | 24.57 | 0.27 | 0.09 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Utssav CZ Gold Jewels Ltd
Utssav CZ Gold Jewels Limited was originally incorporated as Company Limited by Shares under the name Utsav CZ Gold Jewels Private Limited under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Mumbai, Maharashtra on November 06, 2007, vide certificate of incorporation bearing CIN U36911MH2007PTC175758. Pursuant to a special resolution passed by its shareholders in the Extra-Ordinary General Meeting held on November 19, 2007, The Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to Utsav CZ Gold Jewels Limited and a fresh certificate of incorporation dated January 08, 2008 was issued to the Company by the Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of the Company is U36911MH2007PLC175758. Pursuant to a special resolution passed by its shareholders in the Extra-Ordinary General Meeting held on February 13, 2008, the name of the Company was changed to Utssav CZ Gold Jewels Limited and a fresh certificate of incorporation dated February 19, 2008 was issued to the Company by the Registrar of Companies, Mumbai, Maharashtra.
The Indian jewellery market is traditionally dominated by gold jewellery. Gold jewellery purchases in India are not just limited to consumption as is the case with fashion jewellery. They have a strong saving significance. This is more evident in rural communities where access, literacy, and acceptance of other financial savings instruments are low. These factors have resulted in gold being a major saving asset class. Cultural differences, religious & trust concerns, and other elements that influence jewellery purchases have all contributed to gold jewellery's significance. Apart from gold jewellery, the other type of jewellery gaining traction is the studded ornaments segment. The key factor contributing to this segment growth is the younger population's preference for diamond-studded gold jewellery, typically made of 14- or 18-carat gold rather than heavy 22-carat gold. There has also been a noticeable shift towards more informal and everyday use of diamond studded jewellery. The domestic gold jewellery wholesale industry is expected to grow from 378 tonnes (out of 600 tonnes total gold jewellery demand) in 2022 to 402 tonnes by 2025 and 475 tonnes by 2030, at a CAGR of 2.5%. In value terms, the industry size is expected to increase to Rs. 2,340 billion in 2030 from Rs. 1,713 billion in 2022.
Utssav CZ Gold Jewels limited is in the business of designing, anufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. Our Company specializes in light weight production of cubic zirconia (CZ) gold and rose gold casting jewellery. We manufacture and offer wide collection of products such as Rings, Earrings, Pendants, Bracelets Necklaces, Watches and Broaches etc. The Company was established in 2007 in the name of Utsav CZ Gold Jewels Private Limited. In 2008, the company transitioned to a public limited company under the name Utsav CZ Gold Jewels Limited.
Peer Comparison:
- Ashapuri Gold Ornament Ltd
- Sky Gold Ltd
- Swarnsarita Jewels India Ltd
- Uday Jewellery Industries Ltd
Utssav CZ Gold Jewels Ltd IPO Key Points
Strengths
- Established in 2007, the Company offers wide range of lightweight jewellery across 18K, 20K and 22K CZ gold and rose gold categories which are prominent categories in the daily and fashion wear jewellery segment.
- The Company boasts a diverse team of skilled artisans and professionals with varied expertise in jewellery making.
- The Company has long standing relationships with established brands in the domestic jewellery retailing market such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and numerous other esteemed clients. the Company has consistently delivered quality services and products, earning the trust and loyalty of the customers.
- On the back of high demand of gold jewellery and higher contribution of 18K gold jewellery in the sales mix, The Company reported a strong business growth with improvement in the profitability.
- The experience of its promoters holds immense significance. Mr. Pankajkumar H Jagawat and Mr. Shashank Bhawarlal Jagawat each contribute over sixteen (16) years of invaluable expertise, whereas Mr. Rakesh Jagawat brings over twelve (12) years of experience in the jewellery market.
Risk
- Significant portion of its revenues is concentrated from a limited number of clients. The loss of any of the company significant clients may have an adverse effect on its business, financial condition and result of operations.
- The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- The unexpected loss, shutdown or slowdown of operations at its manufacturing plant could have a material adverse effect on the company results of operations and financial condition.
Strategy
- Enhance our financial capabilities to facilitate the expansion of our business operations.
- Expand its geographical presence in domestic as well as export market.
- Continued focus on creative designs.
- Focus on improving Operating efficiency.
- Improve Company's financial leverage ratio.
- Established in 2007, the Company offers wide range of lightweight jewellery across 18K, 20K and 22K CZ gold and rose gold categories which are prominent categories in the daily and fashion wear jewellery segment.
- The Company boasts a diverse team of skilled artisans and professionals with varied expertise in jewellery making.
- The Company has long standing relationships with established brands in the domestic jewellery retailing market such as D.P. Abhushan Limited, Kalamandir Jewellers Limited, and numerous other esteemed clients. the Company has consistently delivered quality services and products, earning the trust and loyalty of the customers.
- On the back of high demand of gold jewellery and higher contribution of 18K gold jewellery in the sales mix, The Company reported a strong business growth with improvement in the profitability.
- The experience of its promoters holds immense significance. Mr. Pankajkumar H Jagawat and Mr. Shashank Bhawarlal Jagawat each contribute over sixteen (16) years of invaluable expertise, whereas Mr. Rakesh Jagawat brings over twelve (12) years of experience in the jewellery market.
How To Apply for Utssav CZ Gold Jewels Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.